The MeidasTouch Podcast - Rep. Moskowitz on Trump Tariff Disaster

Episode Date: April 6, 2025

MeidasTouch host Ben Meiselas reports on Trump plunging the country into economic calamity and Meiselas interviews Democratic Congressman Jared Moskowitz on how Trump’s policies have impacted his district made up of alot of retirement age people. 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

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free of charge bet mgm operates pursuant to an operating agreement with iGaming ontario the markets absolutely crashed on friday once again the dow was down 2200 points the S&P down 322 points, the Nasdaq down 962 points. And of course, this follows another horrific day. On Thursday, Donald Trump sent his propagandist from his regime out on Fox to give these very bizarre statements after the fact, like his labor secretary, Lori Chavez, Doremer, a former congresswoman. She says what the goal of all of this is, is to try to bring the kind of manufacturing jobs that exist in Vietnam and Cambodia. And she says that Americans are going

to be working those jobs very soon. Here, play this clip. Just to take one example, I was hearing about companies that make shirts and garments in Vietnam and Cambodia. That is very difficult. There are certain things that we can ramp up fairly quickly. As I said a moment ago about, you know, car manufacturers and lines that they can kind of kick open fairly quickly. But will American workers make shirts and garments for the same, you know, obviously the labor cost is so much cheaper overseas in those places. So how's that going to work, Secretary? Well, I think that that's exactly what the president talked about in the Rose Garden when he was talking to the American worker and to the people and saying, we're going to onshore repatriate some of these companies to invest in America directly so that we can build

that workforce, we can retrain, we can upskill, and we can have the American worker be paying attention to what's happening on the ground. They want to make America like Cambodia and Vietnam. That's part of the plan. Also, you see the stock ticker there showing 38,000. Just a few weeks ago, it was 44,000, 45,000, heading to 50,000. Here's, by the way, Senator Sheehy of Montana talking about, again, it's going to be a lot of pain, but it's going to teach us all to be self-sufficient, and Americans need to learn how to become self-sufficient. We're too reliant on world economies. Here, play this clip. How is that going to impact our access to those things, Senator? It's certainly going to have a negative impact shortly, but the reality is, Martha,

this is because generations of us incentivizing companies to invest elsewhere. And that's exactly what the president is trying to do, is bring critical industries back to America. Because when we have our next national emergency, whether it's a world war or whether it's another pandemic, we have to be able to be safe. We need to become more self-sufficient, he said at the end of the clip. Let's bring in Democratic Congress member Jared Moskowitz from Florida. Congressman, more self-sufficient, more like Vietnam and Cambodia. All I'm seeing are the markets crashing every single day, and especially from where you're at. And that's affecting all Americans, but in your congressional district as well.

People in their retirement, living off their life savings and 401ks. I mean, what Trump and MAGA is doing, it's disastrous. Yeah, so, well, first, Ben, since I'm three hours ahead of you from the future, it's not good over here. 2,200 points and still going. We're getting close to the closing bell. It's not funny, actually, what's happening. What happened yesterday, what happened today. And look, let me say a couple of things. I think we got to separate this debate. Okay. So yes, during COVID, when I was the director of emergency management in Florida, I had to buy products from all over the world. It was frustrating, medicine, things of that nature.

Okay. We did have supply chain issues. And then when Trump did the first stimulus package, three, $4 trillion, he didn't do anything to fix any of the supply chain issues, which we could have done. Then fast forward, we passed the Chips and Science Act, which was to fix the chip supply chain issue. Most Republicans voted against that. Trump wants to repeal it, he said, in his State of the Union. And we all know that this team sport thing, like it's just ignoring the facts. I mean, I give credit to Ted Cruz and Rand Paul. They've been very tough. Tariffs are a tax. This is going to be a tax on the American people when they say pain in the short term, like it's going to be a 30 day deal. OK, factories can't come online immediately. I do think we should make things more things here.

Can't make everything here because obviously the reason we make goods in other countries is so that the cost of those goods to Americans are cheaper. You think if we made everything in America, where wages are $15 an hour, which is a good thing, where people get healthcare, which is a good thing, you think you can find things at Walmart for 99 cents? It's not going to happen. The idea of that was to get goods cheaper in this country. That doesn't mean we can't have more manufacturing here. We should have more manufacturing here. And so let me separate the goal from the execution. The goal of increasing manufacturing, it's a bipartisan goal. We all support that. Democrats were the ones who did that with the Chips and Science Act that Republicans voted against. That was to increase chip manufacturing here in America. Okay. But this

execution of what they're doing, okay, is batshit crazy. Okay, we're going to crash the stock market. And then Trump comes out and tweets and says, oh, maybe Powell should lower the interest rates. What are you doing? Are you crashing the stock market so that you can get interest rates lower? Powell came out today and said that that's not going to happen. Biden did this or made any policy change in which we lost 34,000 points. Okay. And in it, almost 4,000 points in a two day period, we've, we've gone from 44,000 to 38,000 since Trump took office.

They'd be like, it's because Joe Biden's in the basement. It's because he's with Hunter. There wouldn't be enough airtime in the day for them to fill. But yet most Republicans are silent. Trump's a genius. Right. They say. I don't remember Trump ever talking about crashing the stock market while he was on stage in between the Hannibal Lecter talk. I don't I don't remember. Are you not entertained? I mean, by the way, this this is not easy to do. I mean, I give Trump credit. I mean, he literally killed the economy, which he told everyone was terrible. OK. And some people believe that. But the economy wasn't terrible. Well, it is now. So he's made that he's made that happen. I mean, he literally wiped away trillions of dollars from the U.S. economy. We can't even make that up in the tariffs. And so, look, he tariffed the penguins. He tariffed Vietnam, Madagascar. OK, I mean, I don't know what the plan is. Is the plan to get people who live in Vietnam to move to Greenland to make the shirts there. Nobody really knows what's going on. And Ben, let's not forget, let's not forget. Can you imagine if Joe Biden was playing golf for two days while the stock market was cratering? I mean, the articles of impeachment that they would be

filing, 50 members, okay? They would have tried to impeach his dog. Okay. Uh, you know, based on what was going on, but this is the time we live in. Everything Trump does is good. Uh, even when we're staring in the face, it reminds me of that leader to Caprio movie. Don't look up. That's, that's where the Republican party is right now. Don't look up. And I know there are people out there who are like, this is good. The Republicans are going to get wiped out in the midterm and don't get me wrong, I want to win the midterm. And we need breaks on President Trump. That's why him getting the House and the Senate was so bad. But a lot of people are going to get hurt. Businesses, people, seniors, my community, that this is their nest egg. They don't have 10

years to recover. This is all very bad. You know, when you talk about Trump golfing while the economy crashes, it's almost like, you know, it's like those old family guy things where you keep seeing more and it just kind of gets worse and worse. And then like, it never stops getting worse for like, Peter like runs, he goes to the Hinden Peter and he gets in and then it just crashes. And it's like eight minutes though. And they drag it out until the commercial break. So yes, he's playing golf while the market's crashing with the Saudi leaders who are paying him at his resort for a live golf tournament where he's making personal money promoting his brand while they do pink Birkin bag Hermes parties at Mar-a-Lago celebrating $450,000 handbags while flying Marine One into the golf

course or onto the golf course to show off. But here, Congressman, is what Trump is saying. With statements like this, it makes things worse infinitely. The post was week 11 wins. This was posted on Friday after the markets crashed. Week 11 wins. President Trump unleashes economic prosperity. It was another highly successful week for the American people as President Donald J. Trump continues his relentless pursuit of strength, prosperity, and peace, and lays the foundation for America to be the global powerhouse for

generations to come. They're celebrating this as the greatest week of prosperity. And you see that? I mean, what's your response to that? Look, they're used to spinning things, right? And creating their own sort of reality. They're used to doing that. But this is going to be different. People are being affected, right? So it's not just like a talking point. They can see to get us to the promised land, golden age. And now's not a time to revel in the fact that this is what they voted for. But these people are probably now, and I'm hearing from some of them, business owners who are having orders canceled. People are pulling back their money from the economy. You got, this, I mean, you got JP Morgan saying, you know, this is the highest tax increase on the American people. You know, you have JP Morgan saying that there's now a 60% chance of recession. So better than 50% chance before Trump did this, we were in the thirties, very low percentage of recession. We had hit that soft landing. And so look, we're

going to go back to Washington on Monday. Most of my Republican colleagues will, will tell us the truth when the cameras aren't on, they'll tweet how, you know, Trump knows exactly what he's doing. Uh, but you know, when the cameras are on, they'll tell, they'll tell us, but they'll be too afraid, too afraid to come out and say it. I mean, Mike Pence was literally, you know, Mike Pence had the courage, uh, was the first one to come out and said, this is a terrible idea, even before the markets collapsed today. And so, look, it's up to the House and the Senate if they want to put brakes on that. There is a Republican senator that has put a bill forward that this would require congressional approval. Even Ben Shapiro

said that these tariffs are probably unconstitutional, by the way, yesterday, because he needs congressional approval. You can't have a tax increase on the American people without congressional approval. And so, listen, you know, we're just going to have to see what the next couple of days are. I have no way to know how Monday or Tuesday or Wednesday is going to go. The tariffs hit, most of the tariffs will hit on April 9th. China's reciprocal tariffs will hit on April 10th. And, you know, who knows where the bottom has been. Congressman, we got to have you back on and make sure you're kind of keeping us posted on these developments. And, you know,

I'm specifically, you know, focused also on your constituents as they have, you know, overwhelmingly their retirements are being impacted, you know, by this and are kind of being directly hit. So thank you for joining us and we'll have you back soon. Appreciate it. Keep doing what you're doing. Congratulations on being number one. People are coming to you guys, you know, for the real stuff. I appreciate you. Everybody hit subscribe. Let's get to 5 million subscribers. Love this video? Continue the conversation by following us on Instagram Everybody hit subscribe. Let's get to 5 million subscribers.