The MeidasTouch Podcast - Trump Has Disaster Morning After Major Bad News

Episode Date: July 2, 2025

MeidasTouch host Ben Meiselas reports on the disastrous news Donald Trump received today after a horrible jobs report and as more Congress Members come out against the disastrous budget bill. Get 20% OFF your DeleteMe plan! Go to https://JoinDeleteMe.com/MEIDAS and enter code: MEIDAS at checkout! 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

Hey, we know you probably hit play to escape your business banking, not think about it. But what if we told you there was a way to skip over the pressures of banking? By matching with a TD Small Business Account Manager, you can get the proactive business banking advice and support your business needs. Ready to press play? Get up to $2,700 when you open select small business banking products. Yep, that's $2,700 to turn up your business. Visit td.com slash smallbusinessmatch to learn more.

Conditions apply. Discover the magic of Bad MGM Casino, where the excitement is always on deck. Pull up a seat and check out a wide variety of table games with a live dealer. From roulette to blackjack, watch as a dealer hosts your table game and live chat with them throughout your experience to feel like you're actually at the casino. The

excitement doesn't stop there with over 3,000 games to choose from including fan favorites like Cash Eruption, UFC Gold Blitz and more. Make deposits instantly to jump in on the fun and make same-day withdrawals if you 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

Connex Ontario at 1-866-531-2600 to speak to an advisor free of charge. BetMGM operates pursuant to an operating agreement with iGaming Ontario. Oof, a devastating morning for Donald Trump as the disastrous budget bill is in limbo with MAGA Republicans not supportive of it. At least 12 holdouts so far. We'll see what happens. Also, jobs are plummeting here in the United States. The U.S. private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 job increase. This is according to the latest

payroll ADP data. This was the moment on Fox where Maria Bartiroma was ready to spike the football. She knew that Donald Trump would be watching this and she was ready to announce that there were 95,000 to 100,000 jobs that were gonna be created. She was gonna say, look, all of Donald Trump's plans have been working. And then she had to announce what we've been telling you here on the Midas Touch Network is happening,

that jobs are plummeting. Watch this moment and you see how upset she gets. Let's play this clip. Of course, President Trump is talking about this bill leading to growth in the economy. We are waiting any moment now to get the jobs numbers for the month of May. The expectations call for the ADP numbers to be up 95,000 for the month of June rather, it's the June jobs data and we'll of course right now seeing the number actually show a decline in jobs down 33,000 on ADP. The bill includes $25 billion for the Golden Dome,

the missile defense system. Senator, you introduced a bill supporting the construction of that system. I wanna get your take on defense and whether or not Now, about an hour before that, Donald Trump posted on his social media platform, nobody wants to talk about growth, which will be the primary reason that the big beautiful bill will be one of the most successful pieces of legislation ever passed. The growth has already begun at levels never seen before. Trillions of dollars are now being invested into the USA more than ever before. Likewise, hundreds of billions of dollars in tariffs are filling up the coffers of Treasury, dot dot dot, he goes on to say more.

It's all lies though. What we're trying to explain to you here on the Midas Touch Network is that the fundamentals of the United States economy is not strong anymore. Do not believe anybody who tells you otherwise, and I'll give you the data points right now. Shipping, we continue to cover here on the Midas Touch Network that these ships are not coming into our ports in Los Angeles and throughout California for that matter. That's a problem. If the ships aren't coming in with products and goods, then that also means that it impacts trucking. It means that America is not trading the way it used to. That is a big problem. We also know that the dollar is off to

its weakest start since 1973. What does that tell us? It tells us that money is being moved out of the United States and the world is seeing the United States less as the world reserve currency. That is a big problem. We're also seeing boycotts of the United States from Canada and elsewhere We're seeing tourism boycotts and setting aside boycotts who wants to come to the United States when you can end up in alligator Alcatraz or some concentration camp and have the Trump regime say we don't even know where you are Anymore once they send you to who knows where that is a major issue all those factors it shouldn't come as a surprise I know that the business networks are like an unexpected drop we expect there's nothing unexpected about

this we know the impact of tariffs we know it's devastating we know it's devastating. We know it's inflationary. That's why core inflation was unexpectedly up last month, 2.7% core inflation. That's expected to me because we know what tariffs do. We know what the impact of these policies. We know when China is not providing rare earth minerals to the United States at the levels it did before, that's a problem for our manufacturing. So you can try to Ponzi scheme this economy, but it's all BS because I'm telling you what

the fundamentals are right now. And also, we're doing a home, new home sales are down significantly, construction is down significantly anyway. So then Fox had to pivot because their day was gonna be, look, celebration, growth, everything's going great, which was all Ponzi scheme economy stuff anyway. So then watch what happens on Fox, here play this clip. Trump would like to sign this right before

the July 4th holiday to celebrate freedom and independence. John, we are 30 minutes away from the opening bell for a Wednesday in a holiday shortened week. Your thoughts? Well, our big surprise today had to be that ADP report on private sector employment. That was down by 33,000 jobs. The labor market is softening.

It's flattening out. And that tells me that companies can go ahead and increase prices in response to higher tariffs, but I don't think that consumers are going to respond positively. They'll pull back on spending, so any increase by inflation because of tariffs will be quite limited. Ultimately, tariffs may do more to increase federal revenues, reduce the federal deficit than to add to price inflation, and of course all this adds up to

lower than expected interest rates by the end of this year. Yeah, great point. Markets have turned negative now, 30 minutes before the open on the heels of that weaker than expected June ADP report. That's why President Trump keeps talking about growth, Ashley. John, you just mentioned, you know,

people will have to raise prices, not in Momdonny's New York, Ashley. John, you just mentioned, you know, people will have to raise prices, not in Mamdani's New York, Ashley. No, no, no, no, not if the government is running the grocery stores. So then in the usual humiliation ritual routine, the MAGA Republicans who consider themselves moderates and other MAGA Republicans who are not, who don't consider themselves as such,

the 12 holdouts or so, you start to see them walk into The White House you have people like a congressmember David Valadeo from I think he's California's 22nd You have a New York congressmember Lawler who said that he wouldn't vote for this things But then remember the video I made this morning In addition to those people who were entering the White House, I mean, you have Andy Harris, who leads the Freedom Caucus, no moderate. Ralph Norman, Andy Ogles, Chip Roy, again, none of these people are moderates. I mentioned Valadio.

Thomas Massey, Warren Davidson, Andy Biggs, Spars. I mean, all these Congress members have said that they're not going to vote for this thing in its current form. So Donald Trump's trying to force them to vote for it via social media. The one big beautiful deal is all about growth. If passed, America will have an economic renaissance. This is what you've said about all of your companies, which you've bankrupted before. Let's be clear who Donald Trump is.

He is a felon. He is a sexual abuser. He is a felon. He is a sexual abuser He is a fraud. He was found liable on 34 felony counts of fraud, right? He was he's bankrupted business after business after business. This is his same schtick We're gonna make Atlantic City so big people are gonna get so rich and then the casinos go out of business We're gonna make everybody sorry this goes out of business This is his whole life is a life of failure and it we have to be like dude You're the worst business person ever you destroy everything and then what he does is he blames it on people? So now who's his target the chairman of the Federal Reserve?

Jerome Powell who he calls too late Jerome Powell. And so when he says too late, what's he setting up for? Exactly what he did to Dr. Fauci. He's trying to Dr. Fauci, Jerome Powell, who Trump appointed Jerome Powell. And he's going to go, Oh, it would have been magnificent. Everything would have been so great. I told you, but he was too late. Powell, he did it.

It was his fault. That's what they were doing so now Donald Trump has his stooge is Mago-republicans like sexual abuse cover-upper Jim Jordan you get a trend here with these Mago-republicans Jim Jordan who covered up sexual abuse at his prior job before going to Congress who now leads the set the house Judiciary committee, but he's never passed

the bar exam and he's not a licensed lawyer. Go figure, that's who they have as the head of the judiciary. Here's what he has to say. It's as good as it's going to get, so just pass it. It's as good as it's going to get, so just pass it. Here, play it. I think we probably got as good a product as we're going to get. And again, I think it's good legislation. The other thing I would point out is politics is like sport. Momentum matters. And right now, all the momentum is on our side. I mean, the president has secured the border.

We had this amazing operation in Iran. We have all the other things that happened in NATO where the countries are now gonna end up 5%. So we're on a roll, and now we're gonna stop this legislation, which again, lets families keep more of their money. I think we got to be careful about that. I think it's best if we just pass this and get moving and keep moving on the things we told the voters we were going to do. Delete Me makes it easy, quick, and safe to remove your personal data online at a time when surveillance and data breaches are common enough to make

everyone vulnerable. As someone with a very active online presence, privacy is something I take very seriously. I've had my personal info show up on some sketchy websites without my permission, and it always freaks me out, and DeleteMe helped me take it down. It gave me peace of mind knowing they were handling it so that I didn't have to. DeleteMe does all the hard work of wiping you and your family's personal information from data broker websites. And it's not just a one-time thing. Delete Me keeps working for you,

monitoring and removing your info constantly. They even send personalized reports showing exactly what they found and removed. Take control of your data and keep your private life private by signing up for Delete Me. Now at a special discount for our listeners. Get by signing up for Delete Me. Now at a special discount for our listeners. Get 20% off your Delete Me plan when you go to joindeleteme.com slash mitas and use that promo code mitas at checkout. The only way to get 20% off is

to go to joindeleteme.com slash mitas and enter code mitas, M-E-I-D-A-S at checkout. That's joindeleteme.com slash mitas, code Midas, M-E-I-D-A-S at checkout. That's joindelete.com slash Midas, code Midas. Okay. Then they have, it's like the worst, it's like the dumbest crew of people. Then you've got Donald Trump's secretary of agriculture, Brooke Rollins. And her thesis is that, that in the farm, in the farming industry, she goes, only 1% of people who work in our agriculture industry on farms, only 1% are undocumented. That's what you really think. Those are the numbers you're going with.

You think only 1% of farm workers are undocumented. You idiot, play this clip. So I believe sincerely, we will get to a 100% legal workforce sooner rather than later. There will be zero amnesty. We will ensure all laws are followed. But president Trump is the architect of the America first vision. And we're working 42% of farm workers are undocumented according to your department. Well, it is important to realize that of the millions, perhaps tens of millions of illegal

aliens that are here in America, only 1% of those are in the farm industry. So I think a lot of this gets topsy-turvy and that's why the president has said we need to focus on the big cities, on LA, on New York, on the sanctuary cities where a lot of these illegal aliens, the criminal pieces, all of them are being housed and really working to move that out. But never forget or take our eye off the ball that we really have to have a system with a hundred percent legal workforce, but doing it in a cadence where you're not imploding the food supply. Listen, we lose our abundant food supply. We have real national security

implications in this country. So it's supporting the farmers and ranchers. It's effectuating his vision of a hundred percent legal workforce, but also ensuring that our food supplies stay safe and abundant. You know, and that's the thing. I mean, you could be like, Oh, Ben, don't call people idiots. No, I mean, what staff out of it, right? Like what are they talking about? Every word out of their mouth all day are lies. And they're lies that hurt us. Just recognize that a massive portion of our farming industry is undocumented migrants. It is what it is. Then let's come up with a comprehensive policy to address that, to not treat them as criminals, to realize that

they're being productive people to our country. Let them live a life with dignity and let's just figure this thing out. Let's get the criminals out. Let's have strong borders. Stop with this freaking BS. Americans are sick of this crap. And you said you all said you were going to make things more affordable. You all said you were going to make housing more affordable. Things would be cheaper. There would be no war in Ukraine in 24 hours.

No war in Gaza, but talk is cheap and all Donald Trump is doing is making deals for himself. Look what he announces. He just announced this. I just made a trade deal with Vietnam. Details to follow. Okay, is this a comprehensive trade deal that is hundreds of pages long that addresses comprehensive systemic trade issues?

Cause that's what a freaking trade deal is, not some propaganda statement. Oh wait, in Ho Chi Minh City, the Trump Organization is going to do a $1.5 billion golf project in Northern Vietnam upon completion. Oh, and the Trump Organization is going to manage it. What does it really mean?

It means that they're not really gonna be making any capital investments themselves. They're gonna attach their name to it. They does it really mean? It means that they're not really going to be making any capital investments themselves. They're going to attach their name to it. They'll probably just attach their name to some management company and make a massive amount of money in licensing fees and other fees for doing minimal work in order to do some quid pro quo deal with Vietnam. But is this really a deal? Let's take a look at the deal because first off, trade deals have to be passed by Congress it's not by fiat by a dictator, but here's but it's by a social media So here's what Trump says it is my great honor to announce that I just made a trade deal with the Socialist Republic of Vietnam

After speaking with tolam the highly respected general secretary of the Communist Party of Vietnam, okay? It will be a great deal of cooperation between our two countries The terms are that Vietnam will pay the United States a 20% tariff on any and all goods sent into our territory and a 40% Tariff on any trans shipping in return Vietnam will do something that they have never done before Give the United States of America total access to their markets for trade In other words, they will open their market to the United States of America total access to their markets for trade. In other words, they will open their market to the United States, meaning we will be able to sell our product to Vietnam at zero

tariff. Oh, because there's such a massive demand in Vietnam for what American products are we making here that there's this massive demand in Vietnam. Relatively, Vietnam is not a wealthy nation. The reason that there's a trade deficit is because the United States is wealthy. Vietnam is developing, so naturally their products are cheaper. We're bringing in more here than they can afford to buy from us here in the United States. It's the most basic economics. You don't even have to go to school for economics to realize that a trade deficit is not a tariff. It is a reflection often on the disparity of wealth between nations and they're not paying us 40%. You are 20%. You're taxing Americans 20% on products from Vietnam. And so now if a good goes from China to Vietnam

to the United States, now 40% of attacks from China. So now those goods that were being using Vietnam as a go around will now tax the American consumer 40%. The American company pays the tariff. This is just the stupidest stuff that we're seeing when they keep on claiming one that, that these are trade deals, and two, they act like Vietnam's paying them. Vietnam's not paying us anything.

What the hell are you talking about? Oh, and then finally Donald Trump posts the following. A photo of an alligator bragging about the alligators eating migrants at Alligator Alcatraz, a concentration camp in Florida. So that's what's going on in the Trump regime today. Oh, I might as well show you this. This is what's going on on the floor right now.

Democrats fighting back. Here's Democratic Congress member Jim McGovern. Here's what he's got to say. Let's just watch this clip, let's play it. So I say to my Republican colleagues, what's wrong with you people? In this bill, you provide a $2 billion tax break for gun silencers, but you cut SNAP benefits for vulnerable families,

which, by the way, is on average $2 per person per meal. Jesus Christ, what are you people thinking? I reserve my time. Gentlemen, the reserve is time. Finally, here's one more clip of Congress member McGovern. Let's play it. An attack on this most basic, effective program that is about food. You can live without a lot of things, but you can't live without food.

So Mr. Speaker, for those Republicans who think that it's okay to give Jeff Bezos a tax cut and at the same time cut food benefits for struggling families, let me say clearly, we don't share the same values. we don't share the same values. We don't share the same values. Unloading billions of dollars in new costs on states, money they do not have, will force them to cut benefits and throw needy people off of SNAP. It is a rotten thing to do. And I believe there's a special place in hell for people who take food away from veterans, from seniors, from children, from former foster youth, and from hungry families. This is sick. This is disgusting. I yield back."

There you have it, folks. Let me know what you think. Hit subscribe. Let's get to 6 million subscribers. The truth is more important than ever. Check out our new Truth Over Lies collection at store.mitustouch.com. All 100% USA Union made.