MeidasTouch host Brett Meiselas breaks down Trump’s brutal reality check. As he torches the economy, Trump is doom-posting through the fallout, and throwing tantrums over celebrities. Visit https://meidasplus.com for more! Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Coalition of the Sane: https://meidasnews.com/tag/coalition-of-the-sane Learn more about your ad choices. Visit megaphone.fm/adchoices
Chapter 1: What is Trump's current economic predicament?
Wow, Trumps Mourning is off to an awful start. Maybe one of his worst ever and his failures are catching up to him fast. Now Trump is in full meltdown mode, desperately trying to do damage control as the world around him crumbles. My name is Brett Meiselis with the Midas Touch Network. Remember to hit subscribe. Let's get to 5 million subscribers.
Oh, and add the Midas Touch Podcast on Apple Podcasts and Spotify. So yesterday, Trump's lies met their match when reality struck back hard. For the first time ever, Moody's downgraded the credit rating of the United States, citing the deficit and debt that is about to explode to record highs under the Trump and GOP plan.
Chapter 2: How has Moody's downgrade affected the US economy?
Since 1917, 1917, Moody's has given the United States the coveted triple A rating. And now, for the first time, the US has a double A1 rating. Moody sagte folgendes. In anderen Worten, die GOP-Tax-Scam wird durch unseren Defizit ein Loch durchlaufen, mit seiner erhöhten Spende und Tax-Cuts für die Reichen.
Moody sagt, dass er erwartet, dass die föderalen Defizite um fast 9% des GDPs von 2035 erhöht werden. Das ist von 6,4% in 2024. Stockfutures fell and treasury yields rose after the downgrade. Let me just tell you the real world implications of all this. When the US loses its AAA status, it's not just symbolic. Higher treasury yields means the government pays even more interest.
Chapter 3: What impact does a lower credit rating have on everyday Americans?
Interest rates go up everywhere. That means mortgages, business loans, credit cards and so on. All that gets more expensive. Die Aufmerksamkeit des US-Finanzsystems wird weiter erweitert, was eine Weak in Dollar und noch höherer Inflation führen könnte. Das ist ein großer Warnsignal, ein großer Warnsignal, der zeigt, dass die Dinge in die falsche Richtung gehen.
Und ihr wisst alle, dass es immer einen Tweet gibt und wir immer die Rechene bringen. Also schaut euch das von Donald Trump in 2012 an, als Barack Obama Präsident war. Trump hat gesagt, dass ihr das, was ihr wählt, bekommt. Die US-Kreditrate wird wieder einmal untergradiert werden.
Chapter 4: How are Republicans responding to Trump's demands?
Well, Trump-Voters, let me echo Donald Trump here for a second when I say, you are getting what you voted for, and we are all paying the price. And get ready, because in a few moments I want to show you Trump's complete and utter meltdown over a brutal loss he was hit with by the Supreme Court. But first, that so-called big, beautiful tax bill I mentioned.
That's what Trump likes to call it anyway. Well, as of now, it is a big, beautiful bust. The Republican Party rebuked Donald Trump's demand yesterday for Republicans to unite and push the bill through, and instead the party plunged into chaos. Trump had posted the following. I'll pause there just to say, that is a complete and total lie. That is not happening.
Chapter 5: What chaos is unfolding within the Republican Party?
And this bill is going to strip away Medicaid from Americans who actually rely upon it. Trump fortsetzte. Das Land wird mit dieser Legislaturperiode großartig leiden, mit ihren Steuern um 65 %, bla bla bla. Ich werde nicht den Rest seines Propagandas lesen, aber ich will nur zeigen, wie die Republikaner ihn komplett verabschiedeten.
Das Gesetz wurde im House Budget Committee blockiert, mit fünf Republikanern gegen es zu wählen. Das sollte die leichteste Wahl gewesen sein, auf jeden Fall. Nun, ich glaube nicht, dass die Republikaner plötzlich eine Veränderung des Herzens hatten und plötzlich schön kamen.
Chapter 6: Why is Trump fixated on Taylor Swift's popularity?
Einige von ihnen denken, dass das Gesetz tatsächlich noch mehr Medikamente auslösen muss, während einige Angst haben, was die Auslösungen für ihre Re-election-Chancen bedeuten können. Einige sind traurig über die Ausgaben der Salz-Deduktionen.
Man hat im Grunde alle diese wachsenden Faktionen in der GOP und es sieht so aus, als würde das noch messiger und komplizierter werden, wenn es an den Senat geht. The House Budget Committee meanwhile is scheduled to reconvene on Sunday night at 10 p.m. Eastern to give this vote another shot. And as Trump was blowing up our economy, what was he worried about?
Chapter 7: What are Trump's reactions to celebrity criticisms?
Well, Trump was posting that because of him, Taylor Swift is no longer hot. You heard that right. Trump wrote the following. Has anyone else noticed that since I said I hate Taylor Swift, she's no longer hot? I mean, she just finished the most successful tour in history, like literally in history. It brought in billions and billions of dollars.
And then these MAGA influencers like Clockwork have to come out of the woodwork and Trump boosts these people. Losers like an account named Cat Turd, who's like an older guy who spends by his own admission, by his own admission, 15 hours a day on X or Twitter, whatever people call it. They pile on and they say things like this. Just so you know, she was never hot. Okay, cat turd.
Trump was also whining about and threatening Bruce Springsteen after the boss delivered powerful remarks against the Trump administration during his European tour. Trump hat geschrieben, dass er sieht, dass der hochwertige Bruce Springsteen zu einem anderen Land geht, um schlecht über den Präsidenten der Vereinigten Staaten zu sprechen.
Er hat ihn nie gefreut, nie seine Musik oder seine radikalistische Politik gefreut. Und wichtig ist, dass er kein talentierter Kerl ist, sondern nur ein hübscher, obdachlicher Arschloch, der furchtbar Joe Biden unterstützt hat, ein mentaler Unbekannter und unser schlimmster Präsident jemals, der nahe an unser Land zerstört wurde. If I wasn't elected, it would have been gone by now.
Sleepy Joe didn't have a clue as to what he was doing. But Springsteen is dumb as a rock and couldn't see what was going on. Or could he? Which is even worse. This dried out prune of a rocker, his skin is all atrophied. Ought to keep his mouth shut until he gets back into the country. That's just standard fare. Then we will all see how it goes for him.
I don't know about you, that seems like a threat to me. A threat from a whiny, petulant baby, but a threat nonetheless. Und weil ich weiß, dass es ihn so sehr interessiert, und weil es ein mächtiges Message ist, lasst mich euch Springsteins Anmerkungen in England noch einmal zeigen. Es ist mächtig. Schaut euch das an.
Es gibt einige sehr seltsame, seltsame, seltsame und gefährliche Sachen, die da draußen vorhanden sind. In Amerika. Sie versichern Menschen. für ihr Recht auf freies Reden und die Stimme ihres Vaters zu benutzen. Das passiert jetzt. In Amerika sind die reichsten Männer die Zufriedenheit und die Verletzung der weltweit schwersten Kinder für Krankheit und Tod. Das passiert jetzt.
And my country, they're taking sadistic pleasure in the pain that they inflict on royal American workers. They're rolling back historic civil rights legislation that led to a more just and plural society. They're abandoning our great allies and siding with dictators. What did I tell you?
Powerful. Powerful stuff right there. And if you thought Trump's meltdown over that was bad, I still gotta show you his reaction to his brutal loss to the Supreme Court. But first, let me talk about a story that's not getting nearly enough attention, in my opinion, and this relates to Trump's budget proposal.
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