Trump Goes Psycho as Plans Backfire in His Face

3 Jul 2025 · 17 min · 4 chapters

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In short

The host argues that Donald Trump and MAGA Republicans are lying and that their budget/tax agenda will harm working people, worsen inflation and jobs, cut Medicaid/health coverage, and damage U.S. credibility abroad. The episode also attacks Trump’s business record and claims his policies benefit billionaires, weaken the dollar, and help Russia/undermine Ukraine.

Guests

No guests are mentioned in the transcript; it’s presented as a solo commentary by Ben Micellis (Midas Touch Network).

Key claims

“No tax on Social Security” and “no tax on tips” are false; the budget bill cuts Medicaid by nearly $1 trillion; Trump’s Fed/“too late” comments crash the dollar; arms pauses help Russia; tariffs and tax cuts are “murder” for millions.

Notable examples

Trump bankruptcies (DJT filings), Trump Shuttle losses, Trump Taj Mahal closure, Dodgers DEI lawsuit, Iran nuclear deal “degraded 1–2 years,” Vietnam tariff scheme, and Iran-linked hackers threatening to release stolen emails.

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Chapters

Tap a time to open that second in VO

Trump's Economic Rants and Consequences

0:31 to 0:55

A detailed critique of Donald Trump's recent statements and their implications for the economy and healthcare.

“Well, when you're with Farmers, it's kind of inevitable.”

Trump's Economic Rants and Consequences

0:58 to 14:01

A detailed critique of Donald Trump's recent statements and their implications for the economy and healthcare.

“Donald Trump was ranting and raving like the unstable lunatic that he is last night.”

Media Double Standards on Hacking

14:01 to 14:24

Discusses the contrasting media responses to DNC and Trump hacks.

“But isn't it interesting that when it's the DNC, the media was like, oh, let us get us let us get our hands on it.”

Trump's Economic Rants and Consequences

15:31 to 15:59

A detailed critique of Donald Trump's recent statements and their implications for the economy and healthcare.

“Well, when you're with farmers, it's kind of inevitable.”
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Transcript

Automatic transcript. May contain errors.

0:00Ryan Reynolds here for Mint Mobile with your summer price forecast. Now, unfortunately, we're seeing rising costs across the country with possibility that big wireless hates you 100%. Now, over here at Mint Mobile, we're seeing sunny skies and dropping prices. Every plan to just$15 a month. Give it a try at mintmobile.com slash switch. Upfront payment of$45 for three months,$90 for six months, or$180 for 12-month plan required. $15 per month equivalent. Taxes and fees extra. New customer offer for initial plan term only. Greater than 50 gigabytes may slow when network is busy. See terms. At Farmers, our honesty is contagious.

0:34Wait, am I going to catch honesty? Well, when you're with Farmers, it's kind of inevitable. Well, how long does it take to... I lied to you when you asked if I knew what a deductible was. I don't know my dad's birthday. I mean, I thought umbrella policies were for rainstorms. Actual rainstorms. I have it, don't I? You don't just have honesty. You have Farmers. Learn more at Farmers.com. Underwritten by Farmers Truck or Fire Insurance Exchanges or Affiliate. Products not available in every state.

1:00Ben Meiselas:Donald Trump was ranting and raving like the unstable lunatic that he is last night. All throughout the night, posts like this in all caps for Republicans. This should be an easy yes vote. Ridiculous, referring to the disastrous budget bill as he and Fox started to shake down all the MAGA Republicans that were no votes. Fox put their photos on and said, we're coming after you. It's real gangster stuff from a gangster regime. Donald Trump then posts largest tax cuts in history and a booming economy versus biggest tax increase in history. He just lies about that. And a failed economy. What are the Republicans waiting for?

1:46Ben Meiselas:What are you trying to prove? MAGA is not happy and it's costing you votes. Oh, wow. You put that in all caps and that scares your MAGA cult, MAGA Republican Congress members as you actually crash our economy as there are terrible, terrible job numbers as inflation, core inflation rises to 2.7 % last month, more than expected as the fundamentals of our economy are crashing like the dollar. It's a weakest start since 1973 as America is increasingly losing its status as the world reserve currency as you lift sanctions from Russia and help them in their genocide against Ukraine. And you didn't even have the guts to tell our allies at NATO and the G7 you were taking away the sanctions from Russia or that you would be depriving Ukraine of military assistance and weaponry that was promised to them.

2:52Ben Meiselas:You didn't even tell Ukraine that you were stopping the supply of weapons to them. How dare you? What a despicable regime. Donald Trump then posts, the U.S. is on track to break every record on growth. And he puts that in caps. Go Republicans, beat the crooked Democrats tonight. Pro-growth tax cuts never fail. Make America great again. Go Republicans. That's what you say. Beat the crooked Democrats. You know what? You promised that you would make things more affordable. Things are less affordable. You promised you would make housing accessible and affordable. The opposite. You promised there would be peace in Ukraine in 24 hours.

3:32Ben Meiselas:You lied about that. It's lie after lie after lie. And then you go big, beautiful bill memes. And what else is Donald Trump saying? No tax on Social Security, everybody. And then the MAGA puppets go on their networks and say there's no tax on Social Security, which is an utter lie. There's nothing about no tax on Social Security. They are making things up to defraud the American people. Oh, and by the way, when they say no tax on tips, it's actually a deduction that's capped at a certain limit, then phased out. And then those people who would potentially get no tax on tips are going to lose their freaking health care.

4:11Ben Meiselas:They're going to be taxed more. And so it's a gimmick to screw them. And then there's nothing about no tax on Social Security. It is a lie. This is a handout for the billionaires who will get trillions in tax savings at the expense of low income and working class people while 17 million Americans lose their health care and die. It's why I call this a murder bill, because this disastrous budget bill is going to murder millions and millions of Americans. And then Donald Trump met with the MAGA Republicans and was like, there's nothing about Medicaid in here. There's literally like almost a trillion dollars in cuts to Medicaid.

4:52Ben Meiselas:What do you mean there's nothing about Medicaid? Have you even read this thing? Have you read anything in your life, you pathetic idiot? The answer is no. Although maybe he did read the jobs report before it came out. He goes too late. And that's how he refers to the chairman of the Federal Reserve, because we have a little freaking baby in the White House who behaves himself like a spoiled toddler. No offense to spoiled toddlers. Too late should resign immediately. Fed chair should be investigated by Congress. You want to know why the dollar is crashing? It's because of statements like that. You want to look at what's happening in our ports right now, where the ships aren't coming in?

5:36Ben Meiselas:You want to see what's happening there? Look at the fundamentals of our economy right now. They're not good. Not the pump and dump market that Donald Trump has created. Look at the fundamentals right now. And it is bad. Oh, but folks, the Trump regime is focused on the things that matter to the American people. Like the Stephen Miller backed group has filed a complaint against the Dodgers over DEI. And in this Axios article, they use a photo of Otani. Like, do you realize that the Dodgers are made up of Hispanic men and Asian men and like a lot of diverse people, white, black, Asian, Hispanic, Latino.

6:19Ben Meiselas:I mean, you know, there's a lot. The very nature of the team, of the successful baseball team and baseball in general is diversity. But go ahead, sue the Dodgers for having a diverse team. Again, these are a bunch of racist idiots who are running our country into the ground. Oh, but I'll tell you who's very happy about it right now. Dmitry Peskov, Russia's version of Caroline Levitt, their propagandist, Peskov, Putin's propagandist. Kremlin welcomes the pause of U.S. arms shipments to Ukraine, says it brings the war's end closer because it makes Russia be more able to easily genocide Ukraine. That's what's going on there.

7:07Ben Meiselas:I mentioned that our European partners were caught off guard as U.S. halts arms shipments to Ukraine. Now, let me read you this list right now. Trump Magazine, Trump Vodka, Trump Airlines, Trump Steaks, Trump Water, Trump Mortgage, Trump Travel, Trump The Game, Trump Casinos, Trump University, Trump Foundation, and now the United States economy. All of those entities I listed were Trump entities that failed or went bankrupt. Trump's casinos went bankrupt several times over and over again. By the way, you don't have to just believe me or that list I just read. Go into Trump's company, DJT, Trump Media.

7:47Ben Meiselas:Their stock has to list all of Trump's bankruptcies by law. So you go through it and it lists, oh, in 1991, Chapter 11 bankruptcy. In 1992, Chapter 11 bankruptcy. In 1995, Chapter 11 bankruptcy. Guess what? In 2004, Chapter 11 bankruptcy. Guess what? In 2009, Chapter 11 bankruptcy, casinos bankrupt over and over and over again. As our editor-in-chief, Ron Filipkowski says, don't worry, the debt won't be that bad from this bill because the growth of the economy as a result of this in tariffs is going to just be like Trump shuttle. Remember this? Here's Trump shuttle. Play this clip. Look, this is not financially sustainable.

8:28It became clear that the Trump shuttle would not grow as an airline. Trump fired 100 employees. Just 18 months after the Trump shuttle launched, the airline had already lost$128 million. In 1992, Donald Trump decided it was time to bail.

8:48Ben Meiselas:Or how about Trump Taj Mahal Casino? How about that? Remember this? Here's Trump Taj Mahal casino. When he built three casinos right next to each other, couldn't finance the debt. Everybody told him if you build three casinos next to each other, they're going to cannibalize each other and you're going to go out of business. Trump still got the people to go and fund and finance this thing, screwed over all of the contractors and anybody who was a whistleblower. A lot of them, he got them fired. They sued Trump. He ended up settling with them confidentially. But here's Trump Taj Mahal Casino. Play this clip.

9:26The hotel was advertised as the eighth wonder of the world when it opened in 1990.

9:32Ben Meiselas:One step beyond your wildest imagination. A symbol of Donald Trump's meteoric rise as a real estate tycoon, filled with Trump's signature glitz and gold. It cost nearly$1 billion to build. Is it necessary to build on such a scale? The scale, Charlie, is what brings the people. The opulence, the size, the everything is what really is going to make the Taj Mahal, I think, the most successful hotel anywhere in the world. But Monday at 5.59 a.m., the doors were locked at the Taj after 26 years, leaving thousands of middle-class workers without jobs. So how did Trump's crown jewel go from this... I'm really happy with what I'm seeing here.

10:13...to this? I got to show you a picture of what the casino looked like. It was pretty remarkable. Take a look at this.

10:24It's eerie. What do you think is the significance of the fact that the Taj Mahal ended in bankruptcy and was just deserted? It was a signature development for him.

10:35Ben Meiselas:A signature moment for him and a signature disaster for him. Oh, and by the way, the Pentagon press secretary on the Iran nuclear deal, the Iran nuclear program, he said yesterday that we've degraded the program by only one to two years. In other words, it's not obliterated. Oopsies. You know, when you tell so many lies, it's hard to keep it all straight sometimes, isn't it? Here, play this clip. Our assessment of the battle damage around Fordow, Nantes, and Estefan remains unchanged. I mean, we believe and certainly all of the intelligence that we've seen have led us to believe that Iran's those facilities especially have been completely obliterated.

11:19The interesting kind of side point about this, Tara, is that all of the conversations that we've had since Operation Midnight Hammer with our allies all around the world, but certainly also in the region, they say a couple of things. They share our sentiments about the degradation of Iran's nuclear program and the fact that we have degraded their program by one to two years. At least Intel assessments inside the department assess that. And I think their intelligence shares that conclusion. Current assessments by this department think it's been degraded or delayed by one to two years? I think we're thinking probably closer to two years, like degraded their program by two years.

11:58Ben Meiselas:Two more things I want to mention quickly. one, Donald Trump bragging about his deal with Vietnam, which isn't a deal, where basically we're now going to tariff Vietnam at 20 % and tariff them at 40 % if goods go from China to Vietnam, then back to the United States. So what that means is we're taxing American importers, not Vietnam, 20 % to 40 % to import goods from Vietnam. Vietnam gets 0%. So Donald Trump believes that once Vietnam opens up its market to the US, which it was before, all of these American companies are going to sell all this product to Vietnam as though Vietnam is some wealthy country.

12:38Ben Meiselas:You know, the reason that there is a deficit is because America is the wealthy country who's buying cheaper goods from Vietnam and Vietnam can't afford the products that are being made and exported by America by and large. And Vietnam was open for trade from the United States. What the hell are you talking about? Oh, you know why that deal happened with Vietnam? Oh, well, because they made a deal with Donald Trump in Ho Chi Minh City, where Donald Trump is going to be able to build a Trump tower there. $1.5 billion basically hand me out to Donald Trump and Trump's family. Clear, in my view, in my opinion, quid pro quo is taking place right there.

13:19Ben Meiselas:Just give Trump a hotel in Ho Chi Minh City. And then finally, this isn't getting enough attention, Let's talk about it. Iran-linked hackers threatened to release emails stolen from Trump associates. Interesting, right, how our corporate media love to publish the Hillary Clinton DNC emails. But now they're like, I'm not sure if we should publish these ones. Iran-linked cyber groups that hacked Trump's campaign in 2024 say they've got the goods on him. Again, Reuters first reported the threat earlier this week from the Cybersecurity and Infrastructure Security Agency. And they claim that they've got great stuff about about Lindsey Halligan, about Stormy Daniels and others that they are ready to release.

14:01Ben Meiselas:So we'll see what happens. We'll see what happens there. But isn't it interesting that when it's the DNC, the media was like, oh, let us get us let us get our hands on it. Let's publish it. But when it comes to Trump being hacked, the media's like, oh, we can't touch that. We can't touch that. We're not going to publish it. We'll keep you posted every step of the way, folks. I'm Ben Micellis. This is the Midas Touch Network. Hit subscribe. Let's get to 6 million subscribers. New Midas merch drop. Check out the latest Pro Democracy sticker packs, T-shirts, hats, sweatshirts, and more. All at store.midastouch.com.

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15:47I don't know my dad's birthday. I mean, I thought umbrella policies were for rainstorms. Actual rainstorms. I have it, don't I? You don't just have honesty. You have farmers. Bum, bum, bum, bum, bum, bum. Learn more at Farmers.com. Underwritten by Farmers Truck or Fire Insurance Exchanges or Affiliate. Products not available in every state.

From the publisher

MeidasTouch host Ben Meiselas reports on Donald Trump’s agenda being rejected by the American people and the world who despise him as he pushes through his disaster bill and behave like a coward in international affairs.

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