Trump Has Terrible Friday as He Gets Awful News on Everything

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2:28Ben Meiselas:A terrible Friday morning for Donald Trump. His approval rating on the economy is absolutely getting battered as Donald Trump is being blamed, and rightfully so, for the government shutdown and the surging inflation. The new CNBC survey shows that Donald Trump has a negative 13 net approval on the economy. He and the GOP are rightfully being blamed for the mess that they are causing. I mean, just take a look at the headlines anywhere in the country and you'll find something like this. Page one, Minnesota Star Tribune, insurance costs pummel seniors. And look, we're focused a lot right now on these Affordable Care Act premiums that are surging.

3:16Ben Meiselas:And it's not just that. It's all types of insurance. It's all types of utilities that are increasing right now. It's groceries are increasing. We all know that things are much more expensive under this disastrous Trump regime. Also, a shockwave is being sent through the regional bank community. Recent disclosures from lots of regional banks are showing some systemic issues there as well. Disclosures coming as investors were already nervous about the implosion of auto lender tricolor holdings and the bankruptcy of auto parts supplier First Brands Group, coupled with Jamie Dimon of JPMorgan Chase, warning of cockroaches in credit.

4:04Ben Meiselas:this sound familiar to you we've been talking about this now for a very long time and as i've been saying systemically and structurally right now this trump regime is ripping apart the fabric of our economy and i said y 'all remember how the great recession in 08 really started 07 08 09 that period y 'all remember what it was based on right it was based on you know all of these homes for the foreclosures and all of these homes. And there, that was just kind of one trap taking place. Now what we see happening is these traps in almost every aspect of our economy taking place. The subprime mortgages back then.

4:48Ben Meiselas:Now we're seeing this all across. It's all one big Trump Ponzi scheme as he and his regime claim that they've brought in what Trump said yesterday, $20 trillion. Peter Navarro is now claiming it's$19 trillion. They are just making up numbers right now. By the way, I mean, here's Peter Navarro this morning, just so you can see, saying that they've brought in$19 trillion in investment commitments. All lie, all one big Ponzi scheme. This is Navarro from this morning. Let's play it. But let's think about this. You We can't have the manufacturing jobs until what? Until the plants get built. We got$19 trillion.

5:28Let me say that one more time. $19 trillion of investment promised to come into this country. Now, construction is going to boom in the short run, but we're not going to see the manufacturing jobs until that capacity gets built. So it'll be six months, nine months, 12 months, 18 months. But what we're doing is setting the stage for the construction of a beautiful addition to our manufacturing base. And by the way, like this is how smart, not me, but we are as an administration. It's like when we're cutting these trade deals and Japan's offering to invest here in America, that money, you know how we're going to use that money?

6:12That money is specifically targeted at vulnerabilities in our supply chain.

6:18Ben Meiselas:Meanwhile, we're seeing this headline from Reuters that China is willing to restart dialogue with Canada at all levels, the foreign minister says. So China opening up more markets and as the United States continues to pull back, get weaker, attack Canada, attack its allies, we're seeing China step in, filling a void and trying to position itself as a responsible player in this global economy right now relative to Donald Trump waking up and posting lunatic things on social media. Take a look at this story. I think this highlights the way American businesses are being impacted by the Trump tariffs.

7:03Ben Meiselas:So here's the story from CNBC this morning. Small businesses are being crushed by Trump's tariffs. And economists say it's a warning for the economy. It's more than a warning. It's a three alarm fire. So this article highlighted the CEO of Village Lighting, a small business selling Christmas products. And the CEO of Village Lighting says, it's now to the point where I could lose everything. Being a small business owner isn't worth it when your country turns on you. When your country turns on you. Take a look at this. As Carl King Denia says, this is bananas. So last year, Village Lighting in 2024 paid less than$50 ,000 in tariffs.

7:48Ben Meiselas:This year, the total tariffs expected is at least$1 million for this Christmas lighting company. If they pay$1 million in tariffs, how are they expected to survive? By the way, if you look at this at an individual level, if our Affordable Care Act premiums go up three to four times, who can afford to pay$25 ,000 to$30 ,000 a year in health insurance? This is not sustainable. Ever have one of those moments where your body reminds you it's not 25 anymore? Maybe it's the slower recovery after a workout or the way your joints creak like an old floorboard. And don't get me started on how much worse it is in the winter.

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9:48Ben Meiselas:And while this is not sustainable, you've got the Trump regime giving$40 billion. Let me repeat that. $40 billion in a bailout to Argentina. Didn't Trump and MAGA all say that Javier Malay, the leader of Argentina, was this brilliant mastermind with the economy and that he was making the Argentinian economy surge? Wasn't that what they were saying two years ago and Argentina should be a model for the United States? Now we're doing a$40 billion bailout while U.S. Treasury Secretary Scott Besant is like whining about China being mean to him. They're being mean to me. He said that the behavior by the Chinese trade officials in Washington, D.C.

10:32Ben Meiselas:during their discussions was unhinged, unhinged. That's how you're referring to the Chinese negotiators. You think that the rest of the world doesn't think that this ridiculous Trump regime is the ones who are really unhinged? I'll show you unhinged. This morning, Donald Trump, an interview, I guess it's going to air over the weekend, but here he is with Maria Bartiroma. Fox released some clips right here. And Maria Bartiroma says, you're going to put 100 % tariffs on top of what's already in place. You're going to do 157 % tariffs on China. And Donald Trump's like, I know it's not sustainable, but that's what the number is.

11:10Ben Meiselas:The number is what the number is. What are you just making up numbers? You're making up numbers. And then you're also weakening your own negotiating position by saying it is not sustainable. These are quite literally the stupid, stupidest people running our economy into the ground. Here, play this clip. If you put that 100 % tariff on top of what's in place already, but 157 % tariff on China, can that stand? What is that going to do to the economy? It's not sustainable, but that's what the number is. It's probably not, you know, it could stand. But they forced me to do that. I think we're going to do fine with China.

11:51I get along great with him. He's a very strong leader, a very, you know, amazing man. And you look at what he's done and what he's, you know, where he's, his life is an amazing story. It's a story for a great movie. I think we're going to be fine with China, but we have to have a fair deal. It's got to be fair.

12:10Ben Meiselas:And speaking of the stupidest people, Eric Trump then gave an interview with CNN where he was showed the video of his daddy speaking with the president of Indonesia, where they were obviously discussing, in my opinion, some new quid pro quo deal. And the Indonesia leader was like, hey, you know, I'd like to meet Eric. I've got some land. I got some ideas. And then Donald's like, Eric's a good boy. He's a good boy. And then Eric's shown the video of corruption in plain view of selling out the United States for frickin Eric Trump and Trump's stupid business deals, right? Selling pieces of our country away.

12:50Ben Meiselas:And Eric's like, I'm a good boy. Yeah, he acknowledges. My daddy says, I'm a good boy. What weird people are these? Here, play this, Clint. Obviously, there are investment projects happening in Indonesia. First off, have you heard from the president? Has he called you? No, not about that. But I'm glad he acknowledges that I'm a good boy. I am a good boy. And then MAGA Mike Johnson holding his press conference this morning and saying, you know, don't you want me just to be a happy warrior? If you want me to be a happy warrior, then just sign our continuing resolution where we get rid of health care for 20 million Americans.

13:28Ben Meiselas:Because don't you want Maga Mike to be a happy warrior? Here, play this clip. Like this at the end of another long week, I just feel like we ought to apologize. I hate that we have to do this. I don't want to be here any more than you do talking about this subject. It is so difficult to be a happy warrior when you know that so many millions of American people are suffering, being made to suffer unnecessarily. Then MAGA Mike goes into this weird rant saying, the last time I checked, Americans have more freedom right now since the Republicans have taken over than ever before. Here, play this clip.

14:00Ben Meiselas:Beauty of America. They are decrying the country that allows them to engage in this activity. And the last time I checked, Americans have more freedom right now to express themselves and speak their minds after Republicans took over and ended the years of having millions of Americans' voices systematically silenced during the COVID pandemic years and the left's cancel culture. It is the Republicans that restored your right to share and speak your mind. And that's the first and most obvious irony of the hate America rally. The second and even more. And hat tip to Democratic leader Hakeem Jeffries, who punched back at Caroline Levitt after she says, you know, the Democrats are the ones who support the terrorists.

14:38Ben Meiselas:Democrats constituents are just all a bunch of terrorists. And Hakeem's like, is this lady crazy? Is this lady a crazy person? Watch that team. He's doing it good. Here, play this clip. It's a matter of deep concern. Like we've already seen a rise in political violence and hatred in America. And then you've got swastikas apparently appearing in the offices of Republican members of Congress. You've got young Republicans engaging in the most anti-Semitic and racist speech possible. like this is apparently who many of these people are. They are ripping the sheets off in plain view of the American people.

15:23Their words, their actions revealing themselves in so many different ways. And then you got Caroline Levitt, who's sick. She's out of control. And I'm not sure whether she's just demented, ignorant, a stone-cold liar, or all of the above, but the notion that an official White House spokesperson would say that the Democratic Party consists of terrorists, violent criminals, and undocumented immigrants, this makes no sense. That this is what the American people are getting from the Trump administration in the middle of a shutdown. So their actions continue to speak for themselves. which is why they're on the wrong side of public sentiment.

16:11Question I'm saying. Thanks.

16:12Ben Meiselas:There you have it, folks. Let me know what you think. Hit subscribe. Let's get to 6 million things for watching. Want to stay plugged in? Become a subscriber to our sub stack at MidasPlus.com. You'll get daily recaps from Ron Filipkowski, ad-free episodes of our podcast, and more exclusive content only available at MidasPlus.com.

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