The MeidasTouch Podcast - MAGA Mike Gets Bad News as Bill Blows Up on Live TV

Episode Date: May 26, 2025

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

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Yesterday was catastrophic for Speaker of the House, Magomai 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 question 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 Mago 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 gotta stand up against this atrocious, ridiculous, horrible budget bill. And then he described Donald Trump and MAGA Mike as the emperor's with no clothes, watch this. 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 mega 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 gonna 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 praise my I would shout this is a fight for freedom we are mortgaging our children's future it's wrong it's immoral it has 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. 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 have witnessed an unprecedented level of increased spending,

58% since 2019, other than World War II. This is our only chance to reset that to a reasonable pre-pandemic level of 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 mega Republican Rand Paul from Kentucky He goes let me just make it very easy for all of you know How we know this is gonna add at least four trillion dollars 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, 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 deficit. Now, if you increase the debt ceiling, $4 to $5 trillion, that means they're planning on $2 trillion this year and more than $2 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 $5 trillion. There's got to be someone left in Washington 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 three trillion dollars 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 US

because we did it followed a very simple formula we cut taxes and we cut regulations you didn't do it in the middle of a terrible steroids in the first administration there was sequencing you got tax reform that 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. 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. It's going to benefit the consumers. 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, you know, 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 and their own Opportunity and in 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 I want to read you their reports not because I'm like love reading Goldman Sachs reports Do 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 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.

Let me explain it, Margaret, let me explain it. The states are not properly administering this because they don't have enough skin in the country, sir. So let me explain it, Margaret. Let me explain it. The states, the states are not properly administering this because they don't have enough skin in the game. So what we've done in the bill is add some just a modest state sharing component so that they'll pay attention to that so that we can reduce fraud. Why again? So that it is preserved for the people that need it the most. This is common sense, Margaret.

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Try armra.com slash Midas. Next up, you have Magomike 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 Mag and 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 gonna make it better for all of us, everybody in the country, and he is encouraging new technologies, crypto, and the advancement of AI. He's appointed as czar for the first time. We have an AI czar in David Sachs, who's an expert in the industry from Silicon Valley. There's a lot of exciting things happening. The president is trying to encourage that along

as much as he can. And I think the vast majority of the country is applauding those efforts. So I'm one of them. I think the result of all this is gonna be extraordinary for majority of the country is applauding those efforts. So I'm one of them. I think the result of all this is going to be extraordinary for everybody in the country. As Mehdi Hassan says, ah, top congressional Republicans are back to, I'm pretending not to know about the huge Trump scandal that everyone is talking about, so I don't comment on it.

Deflection strategy that they deployed in the first Trump term, and I guess our media will let them use it again. Well, Mehdi, you know and I know we're the captains of the ship now. We're the media now. Your independent media company is the media now and so we're able to point it out to bigger audiences than corporate news. Here's another clip of Maga Mike Johnson here. Let's play this clip right here. So 1.4 million people in your home state of Louisiana are in Medicaid. More than 800,000 receive SNAP benefits, also known as food stamps. Is it your contention that if any of those

Louisianans lose their benefits, it's because they shouldn't have been receiving them because they were committing waste fraud or abuse. Yeah, look, my district is, every district in America has people who are on the program who shouldn't. And when you're talking about, I keep using this example, a young able-bodied man with no dependents, there's no reason he should not be working. We are the party that supports human dignity and we find purpose and dignity in our work. It's good for the individuals involved. It's good for their community. And the Democratic Congress members,

I think that they were on a roll. They were fighting back pretty hard on the weekend shows. Here's a Democratic Congress member, Himes, you've seen him before on the Midas Touch Show. Margaret, I gotta tell you, it was like listening to 1984 or something, listening to the speaker. Anybody can look this up. The American people want basically three things out of their federal budget. Number one, at this point in time when Americans, the wealthiest Americans are doing better than ever before, Americans want the wealthiest of Americans to pay more taxes and to give tax relief to

the middle class and below. Number two, they want us to address the deficit, which is now spiraling out of control to the point where we got a downgrade in one of the US credit ratings. And third, they want a simpler tax code. This bill fails spectacularly on all three counts. They're cutting Medicaid and nutritional assistance, food stamps, to tens of millions of Americans in order to preserve tax breaks for the wealthiest Americans. They're adding $3 trillion to the deficit with this bill. And lastly, they're gumming up the tax code with you don't have to pay taxes on tips.

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 gonna 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. Finally, Maga Mike Johnson saying that he believes the CBO report is just inaccurate.

We can't trust a nonpartisan CBO, even though Maga Mike Johnson consistently cited it before, but he's like, we can't, we can't look at it. Just don't look at the numbers. What's really important here too to point out Shannon is that some of the estimates for example by the CBO, the Congressional Budget Office are wildly inaccurate. They're assuming a historically low growth rate in the economy. The elements of the big beautiful bill, the reason we're so excited is because it will be jet fuel to the US economy.

This is gonna foster a pro-growth economy again to get job creators and entrepreneurs and risk takers moving again, expanding their businesses, adding more jobs. Wages will go up. We'll have more manufacturing in the US because of all the policies that we put in in this legislation. It's a long time coming.

And remember, not theoretical. We did this before in the first Trump administration. we brought in the greatest economy in the history of the world not just the US after just those first two years because we cut taxes and cut regulations we're doing it again and on steroids this time. Y'all remember the example that I give it's that movie on Netflix it's called Don't Look Up Leonardo DiCaprio is in it with the asteroid that's coming down to hit Earth. They discover the asteroid, all of these experts.

And they're warning it. They know the asteroid's gonna hit Earth. And they see it coming, they see it coming, they see it coming. And because of all of the disinformation out there and the propaganda networks and the regime in the White House in the movie is very similar, has similarities to the Trump regime and they want to like distract people.

And so anyway, there's a whole campaign of don't look up, just don't see the asteroid that's about to hit and destroy the earth. And to me, that's kind of like the moment that we're in now with the MAGA Republican Congress members and regime media, which I don't just consider Fox, corporate news in general, that wants to cover up for Donald Trump. They're like, don't look at it. Just don't look at it. And we here at the Midas Touch Network, we are the look up network.

Look at the asteroid. See what's happening. That's why I keep on talking about FEMA, FEMA, FEMA, Over and over. How many times do you hear me talk about FEMA? Because I'm like the Trump regime gutted FEMA where what a week away from hurricane season it's going to be a bigger than average or there's going to be more hurricanes this season than normally. That's going to be a problem where you gut FEMA, the National Weather Service. Trump's gutted. The National Oceanic Administration, the Atmospheric Administration.

Donald Trump gutted. They forecast these things. Our weather balloons are not going up anymore. We've gutted critical people, critical groups that study infectious disease. The Trump regime is not letting Americans under the age of 65, if they deem you to be healthy, you can't get COVID vaccines starting in the fall. They're going to block you from getting COVID vaccines.

They are spreading disinformation about measles. You know what they've gutted with the FAA, and now our airports are an absolute mess. We have missing air traffic controllers. We have radar that's going down. There's systemic issues. Then the Trump regime on top of that, they want to go after student loan debt delinquencies. And now we're seeing student loan debt delinquencies the highest ever, which means that as people who can pay back their student loans, if their credit's getting harmed, then they're not

going to be able to participate in paying back other types student loans. If their credit's getting harmed, then they're not going to be able to participate in paying back other types of loans. That's going to be a shock to the system. Auto loan delinquencies are at an all-time high. And so, the question, I'm following all of these things because just one of these things, as we saw with the housing crisis in 07, 08, can have a spiral effect. And we've created so many traps, self-inflicted traps, that any one of these is an issue. So it's why we're talking to you about it. We're trying to get ahead.

We're trying to explain what's happening with all the disinformation out there. Anyway, thanks for watching. Hit subscribe. Let's get to 5 million subscribers. Thanks. Love this video? Continue the conversation by following us on Instagram, at MidasTouch, and help us blow past 5 million subscribers. Thanks.