The MeidasTouch Podcast - Trump LIES on Economy already BACKFIRE in his Face

Episode Date: November 21, 2024

MeidasTouch host Ben Meiselas reports on Donald Trump already get caught in major lies about the economy. Head to https://zbiotics.com/MEIDAS to get 15% off your first order when you use MEIDAS at checkout. Visit https://meidastouch.com for more! Join the MeidasTouch Patreon: https://Patreon.com/meidastouch 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 Lights On with Jessica Denson: https://www.meidastouch.com/tag/lights-on-with-jessica-denson 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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He shouldn't implement his economy crashing ideas. Just claim credit for Biden's economy as your own. That's what the Washington Post was saying to Donald Trump. Well, take a look at the most recent headline when Donald Trump did not do that. Even though Donald Trump has not even assumed office yet, the chaos that he has brought to Washington, D.C. is having a major impact on mortgage rates. Here's the other Washington Post headline. Mortgage rates are up. That's a big problem for Trump. High housing costs have become part of the economic vibes that people see on a regular basis. And as you go through the article, economists are saying that Donald Trump has freaked out

the bond market, which has the biggest impact on mortgage rates. And that's why mortgage rates are going up now in response to the chaos that they believe Donald Trump will cause and is already causing on the economy. Let me just read this for you if I can for a second. Mortgage rates are rising again, nearing 7%. Donald Trump got elected promising the opposite. He said the following, we will drive down the rates so you will be able to pay 2% again and we will be able to finance or refinance your homes drastically, Trump said in September. The article goes on to say, Trump gets away with saying a lot of things and never doing them, you think?

But on housing, voters swung to Trump because of his lies. What he promised, but he's a liar in bringing down the mortgage rates. The housing crisis is real. It's one of the worst times to buy a home in 40 years. It then goes on to say mortgage rates might turn out to be Trump's Achilles heel. Presidents don't control them and just the threat of his proposed economic agenda, widely viewed as inflationary, has worsened the problem before he has taken office. Can I read that one more time? Just the threat of Trump's economic agenda viewed as inflationary has worsened the problem

before he has even taken office. Since the election, borrowing costs have climbed in response to dramatic moves in the bond market, which has the greatest influence on mortgage rates right now. Investors think Trump is going to do what he said on the trail, spend trillions of dollars on tax cuts in 2025, increase our deficit by trillions of dollars, and then enact a bunch of tariffs that increase the price for many common goods, including lumber and shingles. This is the key reason mortgage rates have been rising the past two months because of Trump. Even though the Federal Reserve has been cutting the benchmark U.S. interest rates, you take a look at the chart here, mortgage rates are up out of the fear of what Trump will do when he assumes office. And it's being caused right now when he's just going through his transition process. That's the amount of volatility that he is causing.

Now, we previously reported yesterday as well that Walmart has said as a result of Trump's threatened tariffs that they are concerned that there will be significantly higher costs to consumers. So remember when Donald Trump said, like he did in 2016, he said, I'm going to build the wall and Mexico is going to pay for it. Well, lie. This time around, Donald Trump said, I'm going to tariff China 2000%. That's not a tax on Americans. It's like quite literally what a tariff is, is a tax that gets passed through to the consumer. It taxes American corporations. That's just what a tariff is. Here is the Walmart CFO on CNBC saying, look, we want to have lower prices, but Trump's tariffs mean consumers are going to pay a lot more money when they show up at Walmart. Play this clip.

And I did get a chance to speak with Walmart CFO Brett Biggs when it comes to the ongoing tariff discussion. The company is closely monitoring the developments. And Biggs said, look, as we have said before, our goal is to be the low price leader. We want to manage margins with customers and shareholders in mind. We have mitigation strategies that have been in place for months, but increased tariffs will increase prices for our customers. Let's face it, after a night with drinks, I don't bounce back the next day like I used to. Hey, I got gotta be honest with myself, right? It feels like I have to choose between having a great night or a great next day. That is until I found pre-alcohol. Z-Biotics pre-alcohol probiotic drink is the world's first genetically engineered probiotic. It was invented by PhD scientists to tackle rough

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They are now expecting a very, very weak holiday shopping season. The Target stock is plummeting. But whereas when President Biden would set record after record when it came to the stock market, your 401k is so much higher under Biden than it was under Donald Trump. Your 401k was probably crushed under Trump, did horrible under Biden. It's up 50, 60, 70%. But remember, Fox would always try to find a way to attack Biden when he was setting records. But now, watch how Fox Business reports this. So remember at the beginning of this video, I showed you this. Let

me take a look at two Washington Post headlines. Let me show you two Fox stories so you see how they report. We get the anatomy of their propaganda right here. One of the things that I've called the authoritarian loop. So take a look at this. So here Fox Business now is blaming. Who do you think Fox Business is blaming for Target's poor third quarter and the weak sales in the future that's predicted by Target? Did you guess gay people? Well, then you would be right because that's who Fox blames for basically everything, gay people and migrants. Fox says that it's the LGBT merchandise that's crushed Target. Just watch how they report this. Play this clip.

Real quick, the stock is at the lows of the morning, down 12%. Adam, your reaction? Well, people aren't going into the store and they're not going there because Target effectively broke its, it lost the faith of the American people. If you remember, the LGBTQ merchandise really offended young mothers. Wow. And that's, I think, the issue. It's still haunting them. Now compare that to, I could give you a thousand examples like this over the past three and a half years, but how about this one where the stock market closed at a record high a month or so ago with President Biden's in power. And then Fox is another record high. And then it cuts to Larry Kudlow, who hosts a Fox show. Larry

Kudlow worked in the Trump administration. That's part of the authoritarian loop. And then Kudlow goes, it's all breaking. It's all crashing. Kamala broke it. Trump will fix it. As we're talking about records in the stock market. Folks, think, watch this, do your research, see what's happening. Here, play this clip.

You're hearing those closing bells, again, a little bit higher, pretty much on all of the indices, not quite at records, but trying to get closer. That'll do it for Claiming Countdown. Kudlow's next. Hello, folks. Welcome to Kudlow. I'm Larry Kudlow. So, President Trump, electrifying, strong, closing message to the nation last night at Madison Square Garden. Kamala broke it. Trump will fix it. I mean, can you look at any contrast that's just so clear right there? You know, I want to talk about this. We talked about mortgage rates. We talked about consumer spending. Just take a look at Biden's economic record here.

Unemployment record lows, jobs created 16 million record highs. Biden got inflation under control better than any other country in the world. GDP record growth, wages up, manufacture boom under President Biden. Stock market, lots of records, oil production, which I'll get to in a moment too. America was energy independent for the first time under President Biden. There was far more domestic oil drilling under President Biden than Donald Trump. But I know that I talk about this before. You know how Men in Black, they have the wand from the Men in Black movie, which like they wave that wand, whatever it's called.

I'm sure you know the name of it. And then people's memories all get erased that they see the aliens, right? And so is there a COVID wand that gave people collective amnesia? America was in a manufacturing recession before COVID hit. I don't believe Donald Trump should get a mulligan for COVID in the way he handled it recklessly and rather with malice to hurt we the people, right? But there was a manufacturing recession. Under President Biden, there is a manufacturing boom. And I did told you we would talk about oil for a second because Biden has more domestic oil drilling than under Donald Trump, like by significant amounts. And look, there's some geological limitations to

drill, baby, drill. So you know how everybody, like all the Trump backers were like, yeah, drill, baby, drill. It's going to be three to four million more barrels a day under Trump. Well, we've kind of got the most oil drilling right now ever. And that's because there are some geological constraints. The country's been searched over pretty good. Look at the recent Harold Hamm report that talks about this and says, drill, baby, drill. There's just words. Is Trump going to be able to drill more than Biden right now? I don't think so. Biden's drilling more and Biden's focused on climate change as well. So I think it's important to

reflect on that and important to reflect on what's going on with the mortgage rates. And again, I know that corporate media wants to do the propaganda right now. Everything, oh, Trump, Trump, Trump. No, let's focus on the data, let's focus on the facts. That's what we're gonna do here at the Midas Touch Network. So hit subscribe, let's get to four million. Thanks for watching. Love this video? Make sure you stay up to date on the latest breaking news

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