The MeidasTouch Podcast - Trump Gets Terrible News and Tries to Cook the Books?!

Episode Date: July 3, 2025

Meidastouch host Ben Meiselas reports on Donald Trump trying to cover up horrible economic data by going back to his usual fraudulent tricks on Thursday as he is set to cause irreparable harm to this country from the disaster budget bill. Start your new morning ritual & get up to 43% OFF your @MUDWTR by going to https://mudwtr.com/MEIDAS #mudwtrpod 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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win! Download the BetMGM Ontario app today! You don't want to miss out! Visit BetMGM.com for terms and conditions. 19 plus to wager Ontario only. Please gamble responsibly. If you have questions or concerns about your gambling or someone close to you, please contact So with all of the bad news surrounding Donald Trump, from core inflation increasing to the horrible ADP job numbers yesterday, to the fact that his trade war

against the world has been an utter failure, the fact that we've learned that the Iranian nuclear sites were not fully destroyed and by the Trump regime's own admission from the Pentagon spokesperson, Iran is going to be able to have nuclear weapons if it wanted within about a year to two years. What is Donald Trump doing? Two things. He's cooking the books, aka committing fraud, which is what he's done his whole life. Right?

I mean, he's a criminal, he's a felon, he is a fraud, he is a sexual abuser. And what is the other thing that Donald Trump does? Calls Vladimir Putin. And so we're seeing that take place this morning. Donald Trump announces, we'll be speaking to President Putin of Russia at 10 a.m. Thank you! Exclamation points. Now, usually when there's a conversation like this, there is a transparent readout of what actually takes place. You're not going to hear that from Donald Trump. You're just going to hear more propaganda and BS. One of the things we learned this morning as well is that the US trade deficit widened in May on weak exports. So you know how the trade war

against the world they said that oh, we're going to now have surpluses. The Trump regime doesn't understand We're going to now have surpluses. The Trump regime doesn't understand deficits and surplus and tariffs. They don't understand the concepts. But what we're learning is that the US trade deficit widened sharply in May as exports fell. But subsiding imports suggested trade could still lead an anticipated rebound in economic growth in the second quarter. We'll see.

The trade gap increased 18.7% to 71.5 billion in May, the Commerce Department's Bureau of Economic Analysis said on Thursday. Now let's get to the fraud part right here. And I'm not trying to be conspiratorial, so feel free to push back on me if you think in any way that what I'm saying verges on conspiracy. Tell me in the comments how you feel about this. But Donald Trump reports that the jobs reports shattered expectations with a hundred and forty seven thousand new jobs added in June. And then Donald Trump says look my America first policies are

working and then all throughout Fox and all of the cable news networks, not just state regime media Fox But others which are quasi state regime media. They go. Holy moly the jobs report exceeded all of the expectations 147,000 new jobs created everything must be working So I was a bit skeptical when I heard that number and I'm not trying to be skeptical just because I don't like Trump. And so, you hate Trump, so you got to be negative. I said, well, wait a minute. Yesterday we reported from ADP, which has all of the private payroll data, that we lost 33,000 jobs in the private sector yesterday. So how is it possible that

147,000 new jobs were added in June if ADP's payroll data suggests 33,000 jobs were lost when there was an expectation that a hundred thousand jobs were created So is ADP which just reports on the payroll data that it aggregates, are they lying? Are they trying to push an agenda or is the Trump regime trying to push an agenda? And how is the Trump regime finding these additional jobs if the private sector jobs from ADP says there were 33,000 jobs that were lost?

You remember the report that I made yesterday on ADP. So where were these other jobs found? Well, you take a headline like this from Bloomberg, U.S. job growth picks up with health from public education hiring. So you dig through the data that the Trump regime is pushing out. And in my opinion, you could have a different opinion. I think they're cooking the books. And here's why.

They're suggesting that 100,000 plus jobs were created in the public sector, specifically teaching jobs. They're saying in June. 100,000 plus teaching jobs with schools being closed were added in June and the other growth came from all of these other government jobs that were added. Now, I thought the purpose of DOGE was to cut these government jobs. Number one, number, right? We've heard about all these mass firings.

So we've added hundreds of thousands of government jobs in June. Does that fully make sense to you? And then with all of the attacks on the Department of Public Education, there's all of a sudden out of nowhere a massive hiring spree in public education in June, because that's where the additional numbers come from.

So I think we have to use critical thought and say, education in June, because that's where the additional numbers come from. So I think we have to use critical thought and say, does that make sense to us at all? Or Donald Trump, who's committed fraud his whole life with numbers, who's made up fake valuations is once again lying this morning. Our editor in chief, Ron Filipkowski, says it succinctly, As I've said a few times now, with Trump's war on career civil servants and replacing them with partisan hacks and their penchant for lying with every single number, the time will come when smart people are going to have to question the data coming out of Trump's labor and commerce. We know that the labor secretary is just a Trump hack.

We know the commerce secretary, Howard Lutnick, the guy who goes on and looks like he's trying to sell you a chamois. That's where these numbers are coming from. And as I said, if you think I'm veering into conspiratorial land, feel free to push back. But 100,000, all these public education numbers when the Department of Education is gutting education? In June, sorry, call me skeptical or call me whatever, I'm just putting it out there.

As Spencer Hakimian says, so who's lying, ADP or the US government? Can't be a 200,000 difference. Larry Borstein goes, ADP has the data on payrolls, the government doesn't. ADP has no reason to lie, the government does. I need to tell you about one of my favorite products, Mudwater.

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This is their view of America right here. She's sitting on the throne and modeling. This is for those internationally This is what the MAGA Republican aesthetic is today that they think that this is what leadership looks like by the way I don't think Annapolina Luna is even like her real name She kind of has a George Santos like backstory where she's changed her name and her identity before Santos-like backstory where she's changed her name and her identity before. She goes, gearing up for No King's Day tomorrow. A friendly reminder that the 4th of July was brought to you by the right to bear arms and

the refusal to pay taxes. A fitting day for the BBB to be signed. Happy early 4th of July. Across the board, this is what the MAGA Republican politicians do. Here is Marjorie Taylor Greene to celebrate 250 years of the red, white, and blue. I'm giving away one of my favorite iconic guns. Then it's her just shooting guns. Talking about those Trump appointees, the people who are out there pushing the data

right now that the media regurgitates. All the Trump administration told us, let's just report those numbers and not question it like Paul and Gracia Nominated to head the federal watchdog the special counsel's office tasked with protecting whistleblowers He's 30 years old. I think he recently just Became a lawyer. He shared a 9-11 conspiracy video, claimed straight white men are the most intelligent demographic group, and has ties to white nationalist anti-Semite Nick Fuentes. Well, here's the individual who will be leading the Office of the Special Council

in the United States of America right now. Take a look right here what the MAGA Republicans are saying this morning about why they're now supporting the bill that they said that they would never support before. Like Ralph Norman, he goes, I'm never supporting this. This bill's a disaster, which it is. It's going to cause trillions of dollars to be added in our debt. This is the worst thing imaginable. So the CNBC reporter goes, okay, well, what changed? I visited Donald Trump and he told me

that it was going to be great. Yeah, you're in a freaking cult. You're in a cult. You saw him in the White House and he promised you it was gonna be better instead of reading the freaking thing. You're in a cult. These are the biggest idiots I've ever seen.

I don't know how else to describe the idiocy here. Here, play this clip. Sir, what I don't understand is you had a view that was negative about this bill yesterday. Is there something different about the bill today? Yeah, it is. We met with President Trump and, you know, he did a master job of laying out how we could improve it, how he could use, as his chief executive office, use things

to make the bill better. So we learned in this story, New York Times actually did a good report on this one about what went down to change the votes of all of these MAGA Republicans who were no and they said we're absolutely never gonna vote for this you're gonna throw our constituents on the street you're gonna make our constituents die they're gonna be kicked off their Medicaid we can't support this disastrous budget bill well come, come on, come to the White House. See Donald Trump. A conga line of angsty Republican lawmakers filed through the West Wing on Wednesday,

hemming and hawing about Trump's bill. They walked out with signed merchandise and photos in the Oval Office. He handed them Magna merch and signed it it and then they sold out their constituents. And then they're posting photos of themselves holding guns today. That's the state of the United States of America. And here's how they talk about it. MAGA Republican Congressmember Ryan Zink. This is his endorsement right here of the bill. Hey, it's not that good. We're just going to do. It's the best that we can do.

The best that you could do. You're kicking 17 million Americans off of their health insurance. You're adding trillions of dollars in debt to our country to give billionaires who don't need it tax cuts. It's crazy. Here's what Ryan Zink had to say. Let's play the clip. It probably has too much salt not enough pepper.

There are some small gambling issues in it that can be corrected, but I don't think this is the vehicle to correct it. Oh overall poison pills in it. If you're a fiscal hawk on one side, you know, you're probably not satisfied. If you're moderate the hawk on one side, you know, you're probably not satisfied if you're moderate the other side You're not satisfied. So overall I think this is the best we can do at the moment Best you can do it and then they're all morning

They push this like Maggert Republican Congresswoman Hinson on the Medicaid benefits You shouldn't be a 29 year old guy living in his mama's basement Benefits you shouldn't be a 29 year old guy living in his mama's basement Choosing not to work all of these 29 year olds living in their mom's basement here play this clip talk about Medicaid because we are Eliminating the waste fraud and abuse in Medicaid We want this program to be there for constituents like mine like emeline and Parker disabled children who need access to these benefits They shouldn't be going to a 29 year old guy who's living in his mom's basement, choosing not to work. These benefits will be reserved, thanks to the work of President Trump and Republicans.

We're continuing to stand up for hardworking families. Yeah, I think Medicaid was the biggest cause of fear for Americans across the country. This... Do you understand how Medicaid works? Medicaid doesn't make it like, what do you think, Medicaid makes it like rain on people? The 29 year old just sitting there getting that Medicaid money playing the video games.

Medicaid pays the providers who do surgeries and give medications. It's reimbursement for services rendered and for medications in the medical field. It's not enriching the 29 year old person. The 29 year old person's going to need healthcare one way or another. What do you think this is? You know who actually the bill makes it rain on and benefits?

Not this imaginary 29 year old who's like, oh, I'm gonna be so rich by getting a back surgery on my L5S1. I'm gonna get a micro dissection and I'm gonna be so rich by getting a back surgery on my l5 s1 I'm gonna get a micro dissection and I'm gonna be rich, dude Yeah, and I'm gonna live in my mama's basement after that micro dissection. Well, dude, what the hell are you talking? It's not life You know who is the person who now gets to buy an extra yacht? Because five yachts was not enough for them and maybe in their next yacht They'll build a freaking tennis court on it,

while most Americans can't feed their kids and they live paycheck to paycheck. It's absolutely disgusting. And by the way, if you don't wanna believe me about the debt that this bill is going to add, why don't you take a look right here at what the very right-wing conservative Cato Institute says?

As written, the bill will add nearly $4 trillion to the debt. Under realistic assumptions about economic growth, congressional extensions of tax giveaways or delays to spending reform, and the fiscal impact of mass deportations, the bill's costs could soar past $6 trillion. Put bluntly, the Senate's mega bill is a fiscal disaster, it violates the House's fiscal framework, and speeds the nation towards crisis. Great job, MAGA Republicans and Trump and all of the morons who voted for this group of MAGA idiots. But we here at the Midas Touch Network are going to stand up to it. We're going to

call it out each and every day. Stand up with us, share this video, let people know about the Midas Touch Network. We'll keep fighting. The truth is more important than ever. Check out our new Truth Over Lies collection at store.midastouch.com. All 100% USA Union made.