The David Pakman Show - 2/24/25: One month in, one hundred disasters
Episode Date: February 24, 2025-- On the Show: -- Senator Adam Schiff (D-CA) joins David to discuss the aftermath of Trump's first month, the outlook for Democrats into 2026 and 2028, whether Schiff believes he will be personall...y targeted by the Trump Justice Department and much more -- A review of the economic indicators of Donald Trump's first month in office for his second term -- MAGA loyalists will not even admit that Russia under Vladimir Putin started the war with Ukraine by invading it -- A furious Donald Trump suffers a complete and total meltdown during his speech to CPAC -- During a meeting with Governors, Donald Trump threatens Maine Governor Janet Mills, and she does not back down -- Blue states are threatened with being removed from the map by Donald Trump during a dangerous and unhinged meeting -- Podcaster Dan Bongino is chosen to be Deputy Director of the FBI by Donald Trump -- Despite MSNBC ratings collapses and CNN continuing to decline, The David Pakman Show and other independent progressive media are rapidly growing -- On the Bonus Show: Elon emails every federal employee asking them to justify their jobs, Pope Francis in critical condition, Associated Press sues 3 Trump administration officials over freedom of speech, much more... 🥐 Wildgrain: Use code DAVID for $30 off & free baked goods at https://wildgrain.com/david ☕ Beam melatonin hot cocoa: Code PAKMAN for up to 40% OFF at https://shopbeam.com/pakman 👩❤️👨 Try the Paired App FREE for 7 days and get 25% OFF at https://paired.com/pakman 🥄 Use code PAKMAN for $5 off Magic Spoon at https://magicspoon.com/pakman 🛡️ Incogni lets you control your personal data! Get 60% off their annual plan: http://incogni.com/pakman -- Become a Member: https://davidpakman.com/membership -- Become a Patron: https://www.patreon.com/davidpakmanshow -- Get David's Books: https://davidpakman.com/echo -- TDPS Subreddit: http://www.reddit.com/r/thedavidpakmanshow -- David on Bluesky: https://davidpakman.com/bluesky -- David on Facebook: http://www.facebook.com/davidpakmanshow
Transcript
Discussion (0)
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Welcome to the show, everybody.
Hope you had a good weekend.
We are now officially more than one month into the second presidency of Donald Trump
and I'm going to do what I told you I would do.
We will track and compare economic metrics.
We will not play politics. I will simply tell you, here's what
the data says about the state of the economy under Donald Trump. One of the things we did
on the day after Joe Biden left the white house and Donald Trump again became president was,
I told you, here is the unemployment rate that Joe Biden is handing to Donald Trump.
Here's the inflation rate that Joe Biden is handing to Donald Trump. Here's the inflation rate that
Joe Biden is handing to Trump. Here's the stock market level that Biden is handing to Trump. And
we will track in black and white where this goes as the Trump presidency progresses. Now, I don't
know that I'm necessarily going to be doing this around the 20th of every month, but I'm doing it
this month just to show
that you can do this and you will see that the data is there for the having in black and white.
So real quick, the unemployment rate at the end of Joe Biden's presidency was 4.1%.
Trump's first month saw the unemployment rate tick down from 4.1 to 4%. Great. No significant change, no significant spike,
certainly, and a small reduction in the unemployment rate. The year over year inflation
rate at the end of president Biden's presidency was 2.9% year over year. After Trump's first month in office, we saw the inflation rate go up just a
little bit from two point nine to three percent. Not a significant change. Certainly one metric
improved, one metric arguably worsened, depending on what you believe is the ideal amount of
inflation, generally believed to be two to three percent. We we still don't have, we on GDP, GDP is longer term. We
would look at GDP quarter to quarter and year over year. We don't even have the Q4, uh, 2024
GDP number yet. So we're going to have to wait on GDP interest rates. We tend to look at the 30
year fix. That's kind of like the baseline metric we often look at
at the end of Joe Biden's presidency. The 30 year fixed rate was at 7.04%. It has ticked
down a little bit to 6.85%. Much of that of course tracks fed activity, but not all consumer
sentiment is the one place where there is an area of concern.
Consumer sentiment based on the University of Michigan study, which is one of the big
ones that economists look at tracking consumer sentiment, meaning the feeling about the direction
of the economy, how frugal or lax people would be when it comes to spending.
Consumer sentiment has worsened 10 percent since
Donald Trump became president. So what we could I think it's accurate to say that although no major
economic indicator has yet worsened significantly, the opinion of the average American is that
things are going to go in a negative direction. Now,
that may be true. It may not be true. And then finally, stock market performance flat with the
kind of very poor two trading days at the end of last week. We are basically at the exact same
place in terms of the stock market over the last month. Now there are people who will say the expectation is that over time the stock market appreciates
and therefore flat is bad.
I will leave that.
I'm trying to be as a political as possible here.
The stock market flat during the first month of Donald Trump's presidency.
So that's where we are.
We will continue tracking it. And I think
the next month of data will start to point to a trend. We will either see things start to worsen
or improve, or we will see it. Everything seems flat. It seems as though the transition from Biden
to Trump has changed nothing about the overarching state of the economy. That's where we are right now.
Of course, we know eggs, right?
Eggs are going nuclear.
I don't have an egg report for you today other than yesterday.
I found zero eggs at my local two grocery stores.
I had to go to an inferior grocery store further away. And the only choice I had was a six pack of one type of egg. And there
were signs saying two packages max per customer. So that was the state. That's my egg report from
yesterday. Uh, but at some point during the week, we will look at egg prices, egg prices, certainly
up. Uh, but we look at, uh, uh, broader metrics like inflation, inflation going from 2.9 to three.
That's where we are. The new line from MAGA is that they will not even acknowledge that Russia
started the war, that Russia is the aggressor that Russia invaded. This is all happening in
a context where MAGA is increasingly deferential to Vladimir Putin. This is all happening in a context where Maga is increasingly deferential to
Vladimir Putin. This is happening in a world where it seems as though the Trump administration
is going to give Vladimir Putin everything he wants, new territory that he took by force,
keeping Ukraine out of NATO on and on and on. And this is also happening in a world where we do not have a shared basis,
in fact, from which we can have conversations about what's going on. Now, I will tell you
in a moment why they are so dead set against simply acknowledging, yeah, Vladimir Putin invaded
Russia's the aggressor. I'll explain it in a moment. Here is Secretary
of Defense gag. Pete Hegseth asked, can we just say Russia attacked? And he says, no, no, no.
It's more complicated. He should come to the table because this economic partnership is an
important thing for the future of his country. And we hope that he will very soon. But fair to say Russia attacked unprovoked into Ukraine three years ago tomorrow.
Fair to say it's a very complicated situation. He won't acknowledge it. He won't acknowledge it.
Now, why won't he acknowledge it? Oh, because they're Russian tools. No, that's not what I mean.
There is a deeper reason why they won't acknowledge it. And I will tell you in a moment.
Here is Mike Waltz asked
essentially the same question by Maria Bartiromo. More territory. Can you acknowledge that Russia
is the aggressor here? Well, you know what? Who would you rather have and go toe to toe
with the likes of Vladimir Putin, Kim Jong Un, Xi or whom anyone else, Joe Biden or Donald Trump?
He's the dealmaker in chief.
He's the commander in chief and not an answer.
Not the question was not who do you want negotiating?
The question was, is Russia the aggressor?
Here is Peter Doocy asking Mike Waltz the same question.
Who's more responsible?
Is it Putin or is it Zelensky? Simple question to answer
for normal, honest people. Who does he think is more responsible for the Russian invasion of
Ukraine? Putin or Zelensky? Well, look, his his goal here is to bring this war to an end,
period. And there has been ongoing fighting on both sides. It is. All right. I'm not even going
to insult you with the rest of this fighting on both sides. The goal is, of course, to end the
war, not an answer. And then finally, along these same lines, Kristen Welker asking Senator Mark Wayne Mullen, do you acknowledge that Putin is responsible for
starting the war? You can still say he's responsible, but I like him, as Trump likes to
say, or he's responsible, but he's cool, right? Whatever. But they won't even acknowledge that.
Senator Mullen, do you acknowledge that Vladimir Putin is responsible for starting the war in
Ukraine? I think what President Trump was meaning to not think, I know what he was meaning is,
we gave Zelensky multiple warnings that there needed to be negotiations before the war even
started. And President Trump is absolutely correct. If he was in office, this war would
have never, ever taken place. Okay. So the real problem is Joe Biden, according to Mark Wayne Mullen. Why is it that they
are so hesitant to just acknowledge Putin started the war? Russia started the war. It
might be easy to say it's just because they love Putin, but it's, it's, they probably
do, but it's more than that. They all know that implicit in answering yes, Russia invaded, it would be that their approach
to the negotiation and their approach to who has to give up what and who has to make concessions
wouldn't make any sense when they are asked, what is Russia going to give up in all of
this?
Because Ukraine's going to be asked to give up land.
It seems Ukraine's going to be told in part of ending this will be no NATO membership.
Ukraine's going to be told the money is going to stop, which is really military equipment.
What will Russia give up?
And they don't.
Russia doesn't really have to give up anything.
They go.
Russia has already given up.
They've lost people.
Yes, they've lost people because of a war they started.
They all know implicitly that if you acknowledge Putin started the war period, their entire
approach to who needs to give up what doesn't make any sense.
Now, you know, the approach doesn't make any sense and I know that, but they are trying
to maintain some kind of plausible deniability with your average Maga voter who seems sort
of like, I don't know.
I mean, everybody should get along. Let's just, let's everybody agree to end it. Let's divide up
the territory that Russia already took illegally. Right? So a lot of this is they all know if they
acknowledge Putin's the aggressor period, they now are in a position of having to defend the
indefensible with regard to their approach.
Simple question.
Did Putin invade?
They don't want to answer it.
A furious Donald Trump suffered a complete and total meltdown at everybody's favorite
right wing conference.
See pack over the weekend.
Don't believe me.
Well, here is Donald Trump talking about how angry
he is. I'm angry. And like it's their form of a military parade. And it makes me angry
when I see that, I get angry.
There you go.
So an angry, furious Donald Trump coming up with the latest plan for what Doge is going
to investigate.
Listen to this one.
This does not sound like a two person job.
We're also going to Fort Knox. I'm going to go with Elon.
I guess he doesn't go anywhere by himself anymore. And would anybody like to join us?
Because we want to see if the gold is still there. We want to see.
Wouldn't that be terrible? We open up this
Fort Knox has got it's just solid granite that's five feet thick. The front door, you need six
musclemen to open it up. I don't even think they have windows. Wouldn't that be terrible if we
opened it up and there was no gold there? You know, to me me it doesn't really seem like that's a two person job. I don't know that
Trump and Elon need to go to Fort Knox just to see if the gold is still there. Uh, and of course
you could probably accomplish this with a photograph. I don't know that Trump needs to
go at all, but this is what he says they voted for. They voted for Trump and Elon to go on this global love affair
looking for gold bars and knickknacks of all kinds.
Donald Trump again tells the incorrect story that we were very rich in the past because
we collected tariffs and he blames transgender for why we are no longer rich and or why people don't like tariffs.
It's tough to follow this.
It's tough to follow this syntactically and it's tough to follow this ideologically.
But this is the famous weave that Donald Trump is known for.
Where tariff is my favorite word in the dictionary.
You know, we were richest, the richest relatively from think of, from 1870 to 1913, that was our richest because we collected tariffs from foreign countries that came in and took our jobs and took our money, took our everything.
But they charged tariffs and we had so much money they set up the 1887.
Think of that, a long time ago, 1887 Tariff Commission, it was a commission of
very important people to determine where we should spend all of the tremendous vast wealth
that we had.
We had so much wealth.
Wouldn't it be nice today?
Of course, now we give it away to transgender, this transgender that everybody gets a transgender
operation is Just wonderful. The reason why big picture we are not doing well financially
is because of the cost of transgender related stuff, despite the fact that it is statistically
a tiny population. When I say that, I don't mean we don't care about trans people. What
I mean is the idea that national tariffs are now being in some way counterbalanced
by the fact that people are getting trans operations as Trump calls them is just laughable.
Now, Donald Trump does bring up again the supposed social security scam that he and
Elon have found talking about the millions of people who are
150 years old receiving benefits.
There's no proof of this zero proof that they have presented.
Hopefully in this room will.
But there are in the Social Security ranks and files.
And what we're doing now is finding out, do they get paid?
Do they get paid?
In other words, is somebody taking all of
this money? So they have over 100 to 109, 4.7 million social security numbers. Think of that
from people whose age is over 100, 3.6 million people. Million. Million.
That's interesting.
Whose age is over 110 years.
3.47 million people who are over 120 years of age.
3.9 million people whose age goes from 130 to 139 years of age, three point five million whose age goes from 140
to 149 years old.
One point three is coming down now slowly.
There is not a shred of evidence that anybody who is 150 years old supposedly, um, is, and, and dead is receiving
a single dollar of social security benefits. They have still not proven that even in one instance.
And so this is a real lesson in how they claim it a bunch of times. And then it becomes a basis
for something we are all supposed to
acknowledge as obviously true when they have still not demonstrated it. Trump has assured us
that as far as autism goes, Robert F. Kennedy Jr. and Dr. Oz are going to fix it all for us.
We need him. You know, there's a number on autism as an example with children autism
and you go back 15 years it was from 10 to 20 000 you had like one in 10 to 20 000 some say 10
some say 20 but it was in that vicinity that's big vicinity. Now it's one in 36 babies have autism.
One in 36.
Think it was one in probably 20,000 people.
Now it's one in 36.
There's something wrong.
Something's wrong.
And Bobby is going to find it.
Working with Dr. Oz, by the way.
I actually think they should recruit the help of Dr. Pepper as well, just to really round
out that team.
And finally, an extraordinarily confused Trump is still confused between making a claim of
political asylum and what it means to come from an insane asylum. He still
doesn't understand these are two different. He didn't like people running into our country and
taking over our country. I'll tell you, I had four years. I don't know if you had this. I couldn't
stand it. Don't get angry. Donald, don't get angry. Please. I couldn't stand it.
Watching these people come in from jails and mental institutions and and it doesn't make
any sense.
Trump doesn't seem to understand the difference between someone who is in a psychiatric hospital
known to some as a as a mental asylum or an insane asylum and coming
to the border and requesting political asylum.
Trump's confused and the confusion is really part of the humiliation of America under this
mango menace.
All right, we are rapidly approaching 3 million YouTube subscribers.
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word. It will end soon at join Pacman dot com. Donald Trump threatened a governor and the governor
said, I will see you in court. This is brilliant stuff. Trump held this,
uh, Republican, uh, or rather, uh, governor's meeting at the white house where governors,
Republicans and Democrats from around the country, uh, showed up and, uh, it was all about
how they're going to work together and blah, blah, blah, blah. So all of a sudden Trump asks, is the governor of Maine
here, Janet Mills? And he starts mouthing off at her and she says, we're going to follow the law,
not what you tell us to do. And then they basically say they're going to see each other
in court. This is a wild moment. Check it out. NCAA has complied immediately, by the way.
That's good.
But I understand Maine is the main here.
The governor of Maine.
Are you not going to comply with it?
I'm complying with state and federal law, said Janet Mills.
Well, we are the federal law.
Well, you better do it.
This is, of course, Trump's opinion that anything he says because he's the president becomes
federal law.
Not exactly how the framers of the Constitution imagined it would work.
You better do it because you're not going to get any federal funding at all if you don't.
And by the way, your population, even though it's somewhat liberal, although I did very
well there, your population doesn't want men playing in women's sports.
So you better come. You
better comply because otherwise you're not getting any any federal funding. Every see
you in court. She dumps on Trump state. Good. I'll see you in court. I look forward to that.
That should be a real easy one. And enjoy your life after governor, because I don't
think you'll be in elected politics. Enjoy your life after governor, because I don't think you'll be in elected politics. Enjoy your life after governor because I don't think you'll be in elected politics.
There is no longer a gap.
You know, there used to be.
Oh, what a world we live in.
There used to be a time in Donald Trump's first term where he would say these crazy
authoritarian things and someone would come up with some
completely benign interpretation and say, no, you're misinterpreting what he meant.
Here's what you're, you think he said this horrible authoritarian nightmare,
but here's what he actually meant when he said that. And it's completely benign.
And over time, the gap between what it seems like he's saying and it's completely benign and over time the gap between what it seems
like he's saying and the most perfect benign interpretation has narrowed and narrowed and
narrowed and there's really nothing left here.
He's saying, if you don't do what I'm saying, I will ruin your political career and sue
you and by the way, just after this exchange, just after this exchange, the feds will investigate
Maine's department of education for alleged title nine violations because they are not
complying with this order as a written and then subsequently signed by the Trump administration.
There is no more benign interpretation of what these people are doing.
Uh, one other moment from this thing, Trump lies to the governors.
This is interesting because he lies no matter what audience he's in front of.
He lies to the governors and says, my polls are the best they've ever been. The truth is that Trump's own pollster is warning him. You're in trouble.
Well, we're in a complete and total lie.
Trump's approval for February of the first year of a term is the lowest of any president
since polling began.
Other than Trump himself in February of 2017, Americans don't think he's doing enough on
inflation.
They think he's overreaching in a bunch of different areas.
And the polling is
a disaster. The polling, it's it's difficult to find worse polling this early in the presidency.
So a disastrous meeting with the governors. But this is nothing compared to what Trump had to say
about blue states. Let's talk about that. Donald Trump is now threatening that blue states will be wiped off the map during his
presidency in what are arguably the most belligerent comments thus far.
Let's break down what Trump actually said and why it's not just unlikely that this would
happen, but it is practically impossible.
With the help of everyone
here tonight, the golden age of America has officially begun and the golden age of just this
whole thing, the red states, it's going to be leading the way to making our country richer and
safer and stronger than ever before. The red states are going to do good. And the blue states,
I don't know, maybe they'll totally disappear off that map.
Totally disappear off that map.
Now let's kind of address the obvious first.
If you're living in a blue state, first of all, congratulations.
Blue states aren't going anywhere.
OK, California, New York, Illinois, Massachusetts.
These states are not just political entities. These are economic powerhouses,
as we've talked about before. And the kicker is that the red states depend on the blue states.
The red states would go bankrupt if it weren't for the subsidies that come from the blue states.
The blue states contribute way more in federal taxes than they get in spending. And you look
at many
of these red states, which the people I'm sure are great, right? This is not attacking people,
Mississippi, Alabama, Kentucky. They receive much more in federal dollars than they pay in. In other
words, the blue states bankroll the red states. So if blue states disappear, as Trump suggests,
the red states are going to disappear
right along with them. Just look at California. One of the favorite targets of the Maga, right?
California alone contributes over $400 billion in federal taxes annually. That's not money
that just goes to California. It gets redistributed across the country. Imagine if California disappeared, where would the money come from?
The answer is it wouldn't.
The red states would have budget shortfalls.
Their economies would crater.
And only someone who is completely economically illiterate could suggest such a thing.
The blue states are responsible for a disproportionate share of the country's GDP.
The blue states are hubs for technology and finance and manufacturing and innovation.
And if they disappear, the American economy collapses.
Red states don't have the infrastructure and they don't have the resources to fill that
void.
Not only an absurd idea, but it also ignores the fundamental
economic realities of the United States.
This rhetoric about blue states disappearing.
I don't know.
Maybe it plays well to the base, but it is completely disconnected from the facts of
the situation.
Now, of course, red states contribute to the American economy.
Nobody is denying that. But the reason that the red states are more fragile is that red
states are far more likely to depend on a single industry than the more dynamic economies
of the blue states. In general, the educational powerhouses are the blue states, the standard of living and therefore the purchasing
states that keep our businesses afloat through demand side stimulus are the blue states.
It takes a combination of different types of states.
There's no doubt about it, but we aren't the ones suggesting secession.
We aren't the ones suggesting that the red states are going to be wiped from the map.
They are the ones suggesting it. And so it's as economically illiterate as it is ridiculous to
suggest. And maybe it's because Trump doesn't have any idea what's going on. That seems to be the
case. Let's take a break. We will speak to Senator Adam Schiff after this short break. relationship every day. Paired gives you personalized questions or quizzes or games to stay connected, deepen your conversations and have fun. The best part is you can't see your
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The link is in the podcast notes. It is great to welcome back to the program for the first time as Senator Adam Schiff,
Senator Adam Schiff.
You know, it's it.
I had one interview I plan to do with you this morning.
And then in the last seven hours, so many things happened.
Elon Musk is tweeting that you're a criminal.
Kash Patel has been confirmed, who seems uniquely unqualified to be director of the FBI to start
like at the 40,000 foot level.
Is this first month of this administration exactly what you expected or is it even worse?
Because I expected it to be pretty disturbing,
and I'm finding myself thinking this is even worse than I anticipated.
Oh, I think it's much worse. I had a very low expectation. But this was true of the first
Trump administration. I thought going into that first experiment in Trump-Magger world
that it would be bad, but it was far worse. This is far worse
than that. Sadly, they learned from the first four years. They came loaded for bear. They're
willing to trample any ethical line, any legal line. And now they have immunity from the U.S.
Supreme Court. And not only does the president have immunity to commit crimes,
but the people around him know that on his way out the door, they're likely to get a pardon from him.
So it's basically a lawless administration. And we are really going to be tested over the next
four years. But just to look at those events of the last seven hours, only in Trump's America, where people who violently attacked police
and beat them and gouge them and bear sprayed them on January 6th, get a pardon.
Those violent criminals get a pardon.
And the people in the FBI who investigated them get purged.
Only in that kind of a world, that upside down, wrong headed world.
Can a sycophant like Kash Patel become an FBI director?
But that is tragically where we are.
We were told this would be an administration that champions law and order, but it seems
to be very much the opposite with these pardons and with essentially a recreation of Richard
Nixon's. If the president
does it, it's not illegal that we saw recently. We were told this would be good for the middle class,
but they want to decimate the CFPB. They want to do away with apparatus that can actually
defend against the overreach of whether it's corporations or whoever. I'm very worried about
just the average American who works for a living and has sort of the nominal amount of savings
most people have. It seems as though these protections are being taken down one by excuse
me, one by one. And as you point out, I don't know what backstop there is at this point to put a stop to it.
You're absolutely right.
What we're saying is truly Orwellian.
It's the kind of doublespeak that George Orwell imagined.
But now we're saying they are firing inspector generals in the name of rooting out corruption.
They are firing the head of the Office of Government Ethics in the name of ethics. They are going after and
firing wildland firefighters in the service of fighting fires. It's also asked backwards.
None of it makes any sense except viewed through the perspective of what they're really after,
and that is getting rid of all the checks in the system so they can raid the treasury, so there's no one to stop them
from plundering the resources of the country to fund a massive tax cut for super rich people
and large corporations. That's what this is all about. And where all these lines intersect is
the more they can stop any kind of opposition, any kind of even oversight, the better it is to plunder the Treasury.
So anyone that stands in their way, any independents in the Congress, any independent overseer, whether it's Inspector General or the government ethics office, they have to be fired.
They have to be done away with in order for Trump to really fill
the swamp in the name of emptying the swamp. You know, when I watched this Kafka-esque event in
the Oval Office last week where Elon Musk and one of his kids were really getting all of the
attention as the president sat sort of hunched over and looking dejected and certainly
not in control. I saw this Sean Hannity interview again where Elon, I don't know who's babysitting
whom, but Elon Musk is there alongside Donald Trump and Hannity seems to be really deferring
to Musk rather than to the president. What is your sense of who's really in charge right now? Well, Donald Trump, I think,
is older and his age is really showing. I think he's never been particularly interested in running
the government. He's more interested in the trappings of government. So he's more than
happy to be out on the golf course and let Elon be Elon. I think he views that as a great division
of labor. And more than that, he's content to have Elon take the heat.
And that way he doesn't have to.
And I think we have to be careful, even as we point out all the conflicts of interest
that Elon Musk has, all the self-serving, self-dealing, that we don't lose sight of
who's really behind this, and that is Donald Trump.
But I think Trump finds him useful.
He doesn't want to expend
the energy to run the government, so why not outsource that to Elon Musk, who will outsource
all of our jobs and only enrich himself? So I think that's the deal. Trump looks old. He seems
tired. He is. He's more erratic than ever, And he's content to let others do the hard work of
governing. When we think about the concept of revenge, which seemed to be a driving force
during the 2024 campaign, it certainly seems to be important for the recently confirmed new FBI
director. I spoke to a couple of D.C. lawyers informally who said, you know, David, I do think
there's going to be an interest
from this administration in going after progressive independent media outlets like yours.
They're not going to do it in the way you might think. It'll be tax audits, scrutiny of different
kinds, social media, deplatforming pressure, investigations into funding, this sort of thing.
You seem to be in the crosshairs here where Donald Trump would regularly
go after you during his first term. We're now hearing from Elon Musk. You're a criminal. We're
seeing all of this. Do you have any sense that you may be targeted personally by this administration?
Well, I certainly have to anticipate that's very likely. Kash Patel is,
you know, about nothing except for being the tool of Donald Trump's retribution. He's now
going to be running the FBI. You have Elon Musk directing his hate and his bile and his lies at
me on Twitter. And of course, Donald Trump calling me the enemy within. But here's the thing. And I tried to articulate this
on the Senate floor just a short time ago. Yeah, he may be coming after me right now,
but how long do you think it's going to be before he comes after you? You, yes, an independent voice
standing up to him. You, the mainstream media, you Republicans in the Senate who step an inch out of line.
I told my Senate colleagues there is far more room under Donald Trump's bus than there is on it.
We saw in the first term he has no loyalty to anyone.
If you think you can avoid his wrath, you're sadly mistaken.
I mean, look what's happened to President Zelensky just within the last few days. Yes. Because President Zelensky, as the leader of his country,
as really the true Churchillian figure of our time, wasn't content to be left out of a negotiation
over his own country's future. He was willing to stand up and defend the sovereignty of his
own nation. And so what does Donald Trump do? He takes this as a personal affront.
He calls Zelensky an illegitimate leader.
He says that Ukraine started the war, even though Russia invaded Ukraine.
It would be absurd if it wasn't so damn dangerous.
It wasn't such a betrayal of everything the country has stood for.
I have to imagine Ronald Reagan is rolling over his grave
at this utter surrender to the Kremlin.
There are a lot of happy people about this upending of American democracy.
Just happened to live in Moscow and in Beijing.
But it is a terrible tragedy for the United States,
for our European allies, and here at home.
It will be a terrible tragedy for anyone willing to stand up to this most unethical of presidents.
In terms of standing up, you don't I obviously don't expect you to betray any confidences or
name names necessarily. But are any of your Republican counterparts in the Senate privately expressing concern about the power grab, the executive order about expanding the power of the presidency, the sort of being enamored with these strongmen authoritarians globally, Putin included?
Are you hearing concern from Republicans?
I am hearing concern and really for the first time, some of that concern is spilling out into the public. At the Munich National Security Conference, one of my colleagues, Roger Wicker, very conservative Republican, talked about what a mistake it was for Hegzeth to essentially write off NATO membership for Ukraine or make territorial concessions to Russia even before the negotiations took place. He called it a rookie mistake.
And I think he's been even more forceful in pushing back against the president's lies
about who started the war in Ukraine.
So we're starting to see Republicans being willing not just to express private reservations
to me or to other Democrats, but to speak publicly about them.
We saw a couple
Republicans vote against Kash Patel today. You know, my concern with the votes on the nominees
is they seem to have decided to parcel out their opposition in such a way that they could show
independence on this nominee or that one. But as long as they divided their opposition and sort of
came to an understanding that they wouldn't band together to actually defeat anyone.
Well, that really doesn't do much good except maybe help them politically.
What we are really going to need are Republicans willing to stand up and and voice their concerns in the way that really matters around here.
And that is with their vote.
The last few minutes we have, I'd like to talk a little bit about Democratic strategy
strategy.
When I spoke to Senators Booker and Warren separately, we talked about you and I and
many of the people that watch this show.
We knew last year the crime epidemic that Republicans were talking about did not exist.
It wasn't borne out by the data.
The border crisis at the, uh, in the way that it was being described by Trump and Republicans
did not, did not exist.
Economic indicators were mostly pretty good, but it really doesn't matter if voters don't
buy it. And thus, um, vice president Harris was hurt by many voters not feeling as though she was
taking concerns about those issues seriously.
We can show them the facts all day.
The crime is down, right?
Inflation is down.
The stock market's doing well, record job creation, but if they don't believe it, it
sort of doesn't matter if you appear to be dismissing concerns.
What do we need to see to prevent that from happening again?
And do you get the feeling that the democratic party gets it and gets what went wrong?
Well, we're going to need to do a couple things in order to turn this around.
First of all, we need to be speaking to people wherever they're getting their information. And I think Democrats have too much relied on traditional media when a lot of Americans have moved away from traditional media.
And we've got to be talking to people where they're getting their information.
You can have the best argument in the world, but if no one hears you, you're not going to persuade them.
And, you know, for that reason, among others, I greatly appreciate what you're doing. You're really an amplifier of your own views, which are super important, but you're also helping to give voice to others with your show that is reaching millions and millions of people.
So we need to be broader in terms of who we're communicating with and how we're communicating.
But we also have to have big ideas that are commensurate with the big problems facing the country.
We can't be viewed as an agent of the status quo at a time when people are unhappy with the status
quo. So that is really important. It's not enough to just be just against what Donald Trump is doing
in his terrible, you know, destruction, path of destruction, but we also have to be offering
something big and clear and powerful
that says we understand the economy is not working for everyone. And to me, the central
existential question right now in America is if you're working hard in America,
can you still earn a good living? And the party that can answer that question with real solutions
is the one that's going
to be winning elections. I want to make sure that's the Democratic Party.
Senator Adam Schiff, thank you so much for spending a little time with us today.
Really appreciate it. Great to be with you. And again, thanks for everything you're doing.
Data brokers are continually collecting extensive details about your online behavior,
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for a huge 60 percent discount. The link is in the podcast notes.
Just when you thought that the Trump administration couldn't possibly get any more unhinged, here
comes the PS the resistance, Dan Bonjino, Bonjino, depending on your preference, the
guy whose entire career is built on owning the libs and peddling conspiracy theories
and sucking up to Trump.
He is becoming the deputy director of the FBI. The man who once said his
life's mission is to own the libs is becoming second in command to an equally unhinged lunatic
cash Patel at one of the most critical law enforcement agencies in the country.
What could possibly go wrong? Let's break this down.
This is peak Trumpian insanity.
Dan Bongino, a failed politician who lost not one, not two, but three elections is now
in charge of helping to oversee the FBI.
Donald Trump posting on truth central, central, great news for law enforcement and American
justice. Dan Bongino, a man of incredible love
and passion for our country, has just been named the next deputy director of the FBI by the man
who will be the best ever director, Kash Patel. Dan has a master's degree in psychology from
CUNY and an MBA from Penn State. He was a member of the New York Police Department, New York's finest,
a highly respected special agent with the U.S. Secret Service, and is now one of the most
successful podcasters in the country, something he is willing and prepared to give up in order
to serve. Working with our great new United States Attorney General Pam Bondi and Director Patel,
fairness, justice, law and order will be brought back to America and quickly.
Congratulations, Dan.
That is a frickin predator right there.
Correct.
Trump continuing on truth social.
Another aspect of the life of Dan Bongino that I think is very important.
He has a great wife, Paula, and two wonderful daughters who truly love their dad. What an incredible job Dan will do.
This is the guy who was banned from YouTube for spreading COVID-19 misinformation and who has
spent years pushing baseless conspiracy theories about the FBI being some kind of deep state cabal
out to get Trump. And now he's inside the FBI. It's like hiring the arsonist to run the fire department. And don't forget that this is an appointment that
does not require Senate confirmation. Of course it doesn't. Why bother with pesky things like
oversight and checks and balances when you can just hand over the keys to the kingdom, to your most loyal
sycophants, Trump's new FBI director, Kash Patel, far right loyal to loyalist with a history of
pushing debunk conspiracy theories. And now with Bongino as his deputy, the FBI is effectively
being turned into Trump's personal security force. This is not law and order. This is this is loyalty and lunacy.
But according to Trump, Bongino is a guy of incredible love and passion for the country.
If by love and passion, I guess you mean he is relentlessly obsessed with trolling liberals
and selling survival gear to his podcast listeners. And now he's going to help run the FBI.
This is like Alex Jones as assistant secretary of defense or like Pete Hegseth as secretary of
defense, which we have. It is a bad decision, but it's a full on assault on the integrity of
these institutions. The FBI agents association wanted an active duty agent in this role, someone with real
experience, someone with actual credibility, and they got a right wing wannabe shock jock
whose only real qualification is anything Trump says he repeats without criticizing
it or considering that it might be wrong, which at the end of the day is what Trump
requires.
So it's dangerous. The FBI is supposed to be an independent law enforcement agency.
There is no way that with cash Patel at the helm and Dan Bongino second in command,
it will be anything other than a political tool for Trump. It's stacked with loyalists
and the message is clear. The message is chilling.
In fact, loyalty to Trump, whether you're a podcaster or a YouTube host or a stated
former state attorney general who decided not to investigate Trump because he gave a
political donation the way Pam Bondi did.
That's more important than competence.
It's more important than integrity. It's more important than integrity.
It's more important than the rule of law for sure. If you're not terrified by that, I don't think
you're your fear muscle is working. So recap, Dan Bongino, whose claim to fame is getting banned
from YouTube and losing elections, is now your deputy FBI director
and my deputy FBI director. This is the kind of thing that would be hilarious if it weren't so
horrifying. We would joke in advance of a Trump presidency. Imagine if someone like Bon Jovi
ends up in a position of power. He did. So did Kash Patel. So did Tulsi. So did Bobby, as he calls them. What a time to be alive.
There is a serious shakeup happening at MSNBC and things are not going well there.
Things are not going well at CNN. But you know where things are going really well right here. Progressive independent media is blowing up.
So let me sort of set this all up for you.
MSNBC over the weekend announces a major programing overhaul.
Joy Reid is out.
Her show is canceled after five years.
I've never seen it, to be honest, but it's canceled.
I think the ratings weren't awesome. That show is going to
be replaced with a panel show hosted by Simone Sanders, Alicia Menendez and Michael Steele.
Is that a show that's likely to do well? I have absolutely no idea. Doesn't appeal to me,
but maybe there's people that that appeals to in the cable ratings. Fox is dominating. MSNBC is struggling. CNN is struggling
Fox. I mean, they're just killing. They're absolutely killing MSNBC, CNN lagging very
far behind. MSNBC is averaging 734,000 viewers, CNN, 522,000 primetime viewers in January post election ratings, MSNBC down 53% CNN down 47%.
Both of these networks are really struggling to recover in the prime demographic.
They are down.
It's just not good.
And Fox's dominance is even extending beyond conservatives.
More Democrats are now watching, watching Fox news.
More independents are now watching Fox news relative to MSNBC and CNN.
So MSNBC is going to try to fix this.
They brought back Rachel Maddow to try to boost ratings.
It did temporarily boost ratings in January, but still MSNBC and CNN recorded their lowest
ever January ratings in the key demographic of 25 to 54
year olds.
Meanwhile, things are not good at CNN.
CNN is cutting 6% of its staff.
Uh, Jim Acosta left, they're shifting to digital media and a CNN's primetime lineup did rebound
from the post election bottom, uh, during January, but it's still not good. Now, meanwhile,
independent progressive media is on the rise. Traditional cable news is struggling.
The David Pakman show is experiencing some of the most rapid growth we've had in a long time.
In fact, last week we had our three best consecutive days for new subscribers in more than three months.
Insane.
Something like 25,000 new YouTube subscribers in just a few days.
And this is really highlighting a shift that's going on towards independent platforms.
So let me tell you what I think is, is really going on here.
One of the interpretations of the MSNBC CNN decline is that progressives, Democrats,
the left, however you want to characterize it, are demoralized from the election results.
And therefore people are tuning out. The problem with that assessment
is that it's not happening to the independent media sources. In the few days after the November
election, we did see a decline. It's long over. We ended up having a solid December,
our best January ever. And this month, February is on track to be the best February ever.
So it can't possibly be that progressives are just tuning out because progressive independent
media is growing.
The Midas touch podcast has surpassed Joe Rogan as the most listened to podcast in the
category.
That is a big, big deal. So here's what I believe
is going on. There is a degree to which viewers of CNN and MSNBC are not engaging with the formats
and they're not engaging with the people they see. This is not everybody, right? Like Rachel
Maddow really does seem to have the connection with the audience. But a lot of the people they see. This is not everybody, right? Like Rachel Maddow really does seem to have the connection with the audience. But a lot of the people in these sort of, you know,
anodyne antiseptic feeling, it's like the equivalent of the fluorescent lighting at a
doctor's office. A lot of people aren't feeling that it is genuine to to the degree that a lot
of the independent content
is.
This is not about me patting myself on the back.
I think it's the format.
I think something about the format of all of these sorts of shows, uh, are it's, it's
working at a time when people look at the corporate media format and go, we don't think
that that's useful to us politically. So there is a definite shift here happening ideologically when it comes to what sorts
of media do I believe is really speaking to me rather than speaking at me.
And so the upside to this is that while Fox news continues to dominate the right side
of the political spectrum,
it's conceivable that the future of progressive media lies in the hands of the independent
creators where we can innovate, we can try new things, we can connect with audiences
in different ways.
I hate to say it, but corporate media seems to be part of the problem.
The sane washing that people are seeing after Trump loses his mind on stage and then they
cut to CNN and they go a very spirited Donald Trump spirited.
It was demented.
You've got to call it what it is.
The sane washing isn't working.
Now what does that mean for progressive independent media?
It depends if and when and to what degree the Trump administration
sets its sights on us. And we talked about that last week and that could potentially
get very ugly. So the best thing to do, just support the shows you like. It doesn't have
to be this one. I know I'm not everybody's favorite. Uh, you know, the, the mustache
last week was a problem for some people. And then one day I had a shawl collar and that really threw some people off.
And I still get emails.
David, your eyes are too close together.
They're too far apart.
It's a real, real problem.
It doesn't have to be this show.
If it's another one, support a different show.
Make sure you're subscribed on YouTube to the shows that you like.
If they have a membership program, understand that if you have cable, you're funding Fox
News. OK, we do have to fund
the alternatives if we want them to succeed. If we do those things and we're ready for the potential
legal onslaughts, I think we're going to be in very good shape. We have a fantastic bonus show
for you today. Every federal employee got an email from Doge saying, tell us the five things you've been working on recently.
And it seems as though this is a pretext to fire and lay off even more people. We will discuss it.
Pope Francis is in critical condition with early kidney failure. And now we have yet another one
of these potential inflection points as far as the Catholic church is concerned. And the associated press is now suing three Trump administration officials, citing freedom of speech. We will talk about
what the lawsuits are over and so much more. All of it on today's bonus show. How do you get the
bonus show? The bonus show where you want to make money. Everybody else that makes money to fund
themselves is bad. Get the bonus show. Every time someone signs up, Alex Jones sheds a tear.
He hates the bonus show.
You sign up at join pacman.com.
It's that simple.
Producer Pat will join me.
Everybody's going to join me and we will discuss.
And remember, we are heading towards 3 million YouTube subscribers. Hit that subscribe button and we will very soon, very quickly, I predict, um, we will
very soon hit that 3 million number.
See you on the bonus show.
See you back here tomorrow.