MeidasTouch host Ben Meiselas reports on Republican Senators rebuking Republican Speaker MAGA Mike Johnson on their live tv appearances and Democratic Congress Members coming in as well to stick the dagger into MAGA Mike and Trump. Armra: Go to tryarmra.com/MEIDAS or enter MEIDAS to get 15% off your first order. Learn more about your ad choices. Visit megaphone.fm/adchoices
Chapter 1: What happened to MAGA Mike Johnson on live TV?
Yesterday was catastrophic for Speaker of the House, MAGA Mike Johnson. He had a cataclysmic, awful, terrible appearance or appearances when he did the Sunday news shows, but also the MAGA Republicans in the Senate. were saying that this budget bill is a disaster. And these Republicans in the Senate said that they were going to block it. So it's going to be interesting to see what MAGA Mike does.
Also, MAGA Mike was mumbling and stumbling when he was asked questions on the Sunday shows. He tried to attack the Congressional Budget Office, but we all showed you here on the Midas Touch Network the literal talking points that he was passing out to other MAGA Republicans earlier in the week. He had to admit that he was just straight up attacking his own constituents in Louisiana.
Louisiana has the second most Americans on food stamps, supplemental nutrition assistance program, and they've got millions of people on Medicaid as well, and there's Hundreds of thousands of people on Medicaid in Maga Mike's district who are going to lose their Medicaid.
So Maga Mike had to admit during his appearances that he thinks that the people living in his district, mostly we're talking about Republican people because it's a safe Republican district. are fraudsters, are basically all criminals, and that's why they're getting Medicaid and he's going after his own people. Let me break this all down for you because this was a sight to behold.
So you had MAGA Republican Senator Rand Paul saying that somebody's got to stand up against this atrocious, ridiculous, horrible budget bill. And then he described Donald Trump and MAGA Mike as the emperors with no clothes. Watch this.
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Chapter 2: Why are Republican Senators opposing the budget bill?
Somebody has to stand up and yell the emperor has no clothes and everybody's falling in lockstep on this. Pass the big, beautiful bill. Don't question anything. Well, conservatives do need to stand up and have their voice heard. This is a problem we've been facing for decades now. And if we don't stand up on it, I really fear the direction the country is going.
Then you had MAGA Republican Johnson from Wisconsin, Ron Johnson from Wisconsin, and he says that the budget bill is immoral. It's going to bankrupt America, that he will derail it in the Senate, which is an interesting point. Here, play this clip.
President Trump has suggested that the debt is not really top of mind of his concerns. He wants Republicans to fall in line. He wants Republicans to pass the bill. You told CNN, quote, somebody's got to be the dad that says, I know y'all want to go to Disney World, but we can't afford it. I guess I'm going to be that guy, unquote.
So how determined are you to be that guy if it actually means telling President Trump? you are going to vote against the bill and you're going to try to get other Republican senators to join you unless there are major, major changes.
Well, in 2010, I sprang out of the Tea Party movement. And as I did parades, I would shout, this is a fight for freedom. We are mortgaging our children's future. It's wrong. It's immoral. It has to stop. I haven't changed. My campaign promise in 2010 and every campaign after that was to stop mortgaging our children's future. It's immoral. It's wrong. It has to stop.
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Chapter 3: What accusations did MAGA Mike Johnson face regarding his constituents?
And so he may not be worried about that. I am extremely worried about that. That is my primary goal running for Congress. This is our moment. We've witnessed an unprecedented level of increased spending, 58% since 2019, other than World War II. This is this is our only chance to reset that to a reasonable pre pandemic level spending. And again, I think you can do it.
And the spending that we would eliminate people wouldn't even notice. But you have to do the work, which takes time.
Back to Rand Paul. Rand Paul said. I'll tell you how I'm MAGA Republican Rand Paul from Kentucky. He goes, let me just make it very easy for all of, you know, how we know this is going to add at least $4 trillion to the deficit. He goes, they're raising the debt ceiling in the budget bill by $4 trillion.
He goes, that means what they're preparing for is to at least have $2 trillion in deficits each year for the next two years. Basically he goes, that's guaranteed here. Play this clip. When March 11th,
every republican virtually every republican other than me voted to continue the biden spending levels which are going to give us a 2.2 trillion dollar deficit now if you increase the debt ceiling four to five trillion dollars that means they're planning on two trillion this year and more than two trillion next year that's just not conservative so i've told them if they strip out the debt ceiling i'll consider even with the imperfections voting for the rest of the bill but i can't vote to raise the debt ceiling five trillion there's got to be someone left in washington
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Chapter 4: How did Rand Paul describe the budget bill?
Who thinks debt is wrong and deficits are wrong and wants to go in the other direction? The idea that we're going to explode deficits and the projections are now looking at over $3 trillion in deficits over the next 10 years, I think is just not a serious proposal.
All right, so now the MAGA Mike Johnson disastrous appearance right here. MAGA Mike Johnson is confronted with the fact that Goldman Sachs You know, they want to call what Goldman Sachs, a lefty organization.
He goes that Goldman Sachs says that any potential growth that could come from this budget bill will be eliminated by Trump's disastrous tariff policy and by Trump's disastrous economic plans to date. Here, play this clip.
About the greatest economy in the history of the world, not just the U.S., because we followed a very simple formula. We cut taxes and we cut regulations. You didn't do it in the middle of a tariff war. This time we're doing that on steroids.
In the first administration, there was sequencing. You got tax reform. The Republicans got tax reform through and held off the tariff war. Goldman Sachs says the hit to growth from tariffs will more than offset the boost to growth from the fiscal package. That's Goldman Sachs.
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Chapter 5: What are the implications of the budget bill on Medicaid and food assistance?
Well, well, I know I respect Goldman Sachs, but I think what they're discounting here is the growth that will be spurred on by this legislation and the fact that the so-called tariff war is beginning to subside already. You've got over 75 countries that are negotiating new, more fair trade agreements for the U.S. right now because of the president's insistence that that be done.
And it was decades overdue. That is going to benefit every American who's going to benefit the country. You know, they howled when the first tariffs, reciprocal tariffs policy was announced and they said that prices would skyrocket. That simply hasn't happened. Many of those early estimates were far off. And that's being proven now. So what I think will happen is the tariffs contest will subside.
This legislation will pass and get the economy going again. And people will feel that. They'll see it in their own pocketbooks, in their own opportunity. And every American household is going to benefit by these policies.
You know, Walmart has already said that it will have to raise prices. It's not theoretical. And the president on Friday was talking about even more tariffs this time on Apple and others.
And by the way, folks, Goldman Sachs, of all of the kind of banks out there, they've been the most kind of bullish and only recently. Have they really gone bearish? I've been reading their reports, you know, in the morning.
Sometimes I want to read you their reports, not because I'm like, love reading Goldman Sachs reports too, but it's just important to see, okay, what are like the bankers out there saying? So here, MAGA Mike Johnson is confronted with the fact that in his state, people depend on a supplemental nutrition assistance program, food stamps, and that he's going to destroy his own state.
Here, play this clip.
We don't want to slash benefits. And again, I make this very clear. We are not cutting Medicaid. We are not cutting SNAP. We're working in the elements of fraud, waste, and abuse. SNAP, for example, listen to the statistics. In 2024, over $11 billion in SNAP payments were erroneous. I mean, that's a number that everyone acknowledges is real. It may be much higher than that.
Louisiana is like the second largest recipient of food stamps in the country, sir.
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Chapter 6: How is Goldman Sachs involved in the budget bill discussion?
It's good government and everybody on both sides of the aisle should agree to that.
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Next up, you have MAGA Mike Johnson here claiming that he has no knowledge at all about Donald Trump going to that scammy or hosting the scammy Trump meme coin dinner where the top 220 holders of Trump's meme coin got access to Donald Trump, which they said was in Trump's personal time. And MAGA Mike's like, look, I don't know anything about it. I've just been too busy here playing this clip.
President Trump held a closed-door event Thursday night for top investors in his private cryptocurrency. We do not know who was there. The list has not been released. We do not know how much of the money came from outside the country. The president has, of course, a huge role to play when it comes to regulating crypto.
I really have a difficult time imagining that if this was a Democratic president doing the exact same thing, you wouldn't be outraged.
Well, look, I don't know anything about the dinner. I was a little busy this past week, as you know, getting the reconciliation package over the line. And so I'm not going to comment on something I haven't even heard about. I'm not sure who was there, what the purpose was. But I'll say this. President Trump is very active. He's very engaged.
He's the greatest dealmaker, one of the greatest dealmakers of all time. He is working on these trade imbalances that we've had and having tremendous success. We've got over 75 countries now renegotiating their trade agreements with America. It's going to make it better for all of us, everybody in the country. And he is encouraging new technologies, crypto and the advancement of AI.
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Chapter 7: What is the controversy surrounding Trump's cryptocurrency event?
Now, what about the folks who don't earn tips, you know, auto lending? I mean, again, on the three things that Americans care most about that they want the Congress to do, this bill fails spectacularly. Look, and that's going to show up in the polling pretty soon as Americans come to realize what it is that the House of Representatives just did.
Here's Democratic Congresswoman Jasmine Crockett.
Beyond that, beyond the fact that it's just really a cruel bill, it's this idea that they are going to somehow be fiscally responsible when we know under the first Trump administration, they ran the national deficit up $8 trillion. And with this one bill, they want to raise the debt ceiling an additional $5 trillion. So here is the deal.
If we have cut off everything that would help somebody, which doesn't sound like a very Christian thing to do, If we're going to do all of that, at least have something to show for it. They have nothing to show for it except for, again, those top earners being able to say have their next trophy wife or buy their next yacht or get their next plane.
That doesn't work for me, and that obviously does not work for my constituents.
Here's Congresswoman Crockett again. Let's play it.
I don't know where he's ever going to go. And I don't think that those that have gone through West Point expected to have their commander in chief address them and start talking about trophy wives or start talking about How he had so many investigations. What a great reminder that you are not qualified to be the person that potentially will command us as troops to go into war.
Like that is not instilling confidence whatsoever. And honestly, our troops deserve better. Our graduates deserve better. We as a country deserve better. And frankly, if we are going to ever be seen as the world leaders that we historically have been, the world deserves better.
It is time for Republicans to start calling him out and start questioning his mental acuity and whether or not he is equipped to serve mentally. We know when it comes down to his criminality, he is not qualified to serve. But this is just absolutely deplorable.
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