Panicked White House Holds Disaster Mid-Day Briefing

Speaker 1 This episode is brought to you by Life Lock. It's Cybersecurity Awareness Month, and Lifelock has tips to protect your identity.

Speaker 1 Use strong passwords, set up multi-factor authentication, report phishing, and update the software on your devices.

Speaker 1 And for comprehensive identity protection, let Lifelock alert you to suspicious uses of your personal information. LifeLock also fixes identity theft, guaranteed or your money back.

Speaker 1 Stay smart, safe, and protected with a 30-day free trial at lifelock.com/slash podcasts. Terms apply.
This Marshawn Beast Lynch.

Speaker 4 Prize Pick is making sports season even more fun. On Progs, whether you're a football fan, a basketball fan, it always feels good to be right.

Speaker 4 And right now, new users get $50 instantly in lineups when you play your first $5.

Speaker 4 The app is simple to use. Pick two or more players.
Pick more or less on their stat projections. Anything from touchdown to threes.

Speaker 4 And if you write, you can win big mix and match players from any sport on Progs Picks, America's number one daily fantasy sports app.

Speaker 5 PrizePix is available in 40-plus states, including California, Texas, Florida, and Georgia. Most importantly, all the transactions on the app are fast, safe, and secure.

Speaker 5 Download the PrizePicks app today and use code Spotify to get $50 in lineups after you play your first $5 lineup. That's code Spotify to get $50 in lineups after you play your first $5 lineup.

Speaker 5 PrizePicks is good to be right. Must be present in a certain six.
Visit PrizePix.com for restrictions and details.

Speaker 5 This episode is brought to you by Progressive Commercial Insurance. Business owners meet Progressive Insurance.

Speaker 5 They make it easy to get discounts on commercial auto insurance and find coverages to grow with your business. Quote in as little as eight minutes at progressivecommercial.com.

Speaker 5 Progressive Casualty Insurance Company, coverage provided and serviced by affiliated and third-party insurers. Discounts and coverage selections not available in all states or situations.

Speaker 5 Get closer to the music you love with MasterCard. MasterCard cardholders have special access to pre-sale and preferred tickets at August Hall in San Francisco.

Speaker 5 Get tickets early to see some of your favorite artists, like Red Hot Chili Peppers, the Aved Brothers, and Shibuzi. See all of what's coming now at priceless.com/slash music.

Speaker 5 Singing along with the ones that you love? Priceless.

Speaker 5 Did you know California cryobank Cryobank sperm donors can make up to $2,400 a month while making a difference? Plus, get free health and genetic screenings?

Speaker 5 Discover all the benefits of donating with California Cryobank, the world's number one sperm bank. Apply now at spermbank.com.

Speaker 5 An awful press conference just unfolded in the White House after a disastrous day on the market.

Speaker 5 It seems this press conference was called to try to distract the public from seeing Donald Trump crippling our economy.

Speaker 5 And they also wanted to dangle magical rebates, money that's going to magically enter people's pockets that won't be inflationary from the work that Doge is doing.

Speaker 5 Just don't be distracted on the havoc that they are causing to our country. Let me show you what went down in this disastrous press conference.

Speaker 5 Here you have Caroline Leavitt saying that she looks forward to Canada becoming the 51st state.

Speaker 5 And also Donald Trump sent a message inviting Prime Minister Trudeau to the governor's meeting in the United States, saying that he should be a governor of a state in America. Play this clip.

Speaker 5 One for Caroline.

Speaker 5 Does President Trump have a bet with Trudeau about this USA-Canada hockey game tonight? And when there is a big hockey game on, is the president watching for the goals or for the fights?

Speaker 5 Probably both. I think he's watching for the United States to win tonight.

Speaker 6 I know he talked to the USA hockey team this morning. He talked to the players after their morning practice around 10 o'clock.

Speaker 6 And I also spoke to some folks from that team after they were jubilant over President Trump's comments to the team. I believe they're going to put out a video of that call.

Speaker 6 So he looks forward to watching the game tonight, and we look forward to the United States beating our soon-to-be 51st state Canada. Next up, you have Stephen Miller.

Speaker 6 And as Aaron Ruper says, Kim Jong-un thinks Stephen Miller is laying it on a little thick here. Here, play this clip.

Speaker 6 You all know he has renamed the Gulf of Mexico to his correct and proper name, the Gulf of America.

Speaker 6 He has renamed Mountain Denali into Mount McKinley, part of a historic effort to restore patriotism and national pride all across this land. Next, you have the National Security Advisor, Mike Waltz.

Speaker 6 And Mike Walls here says that even though he previously said that Putin is to blame for the war in Ukraine because Russia invaded Ukraine, Here, Mike Wall said, it shouldn't surprise you that my assessment has changed because now I do what Donald Trump tells me to do.

Speaker 7 He literally says that. I'm not using hyperbolic language.

Speaker 11 Here, play this clip.

Speaker 11 You wrote in an op-ed in the fall of 2023 that, quote, Putin is to blame, certainly like Al-Qaeda was to blame for 9-11.

Speaker 11 Do you still feel that way now, or do you share the president's assessment as he says Ukraine is to blame for the start of this war?

Speaker 11 Well, it shouldn't surprise you that I share the president's assessment on all kinds of issues. What I wrote as a member of Congress was as a former member of Congress.

Speaker 11 Look, what I share the president's assessment on is that the war has to end.

Speaker 6 By the way, I want to show you some clips of Kevin Hassett. Kevin Hassett is the national, the internet, the National Economic Council director.

Speaker 14 And just so you know who Kevin Hassett is, how he got famous, well, he wrote a book called Dow 36,000, published in 1999, predicting the stock market boom right before the internet.com bubble burst of 2000.

Speaker 6 This guy gets it wrong every single time. We literally have the worst people up there at this press conference and in this administration.

Speaker 6 Here he is being asked, well, if the goal of the spending cuts has been to reduce the debt, Why are you imposing the deepest cuts on the IRS that collects revenue? Here, play this clip.

Speaker 12 Several other outlets have reported that about 3,500 people are due to be

Speaker 12 lose their jobs at the IRS by the end of the week.

Speaker 16 If the goal of these spending cuts across the federal government has been to reduce the debt, why impose some of the deepest cuts we've seen so far at the agency responsible for raising revenue for the federal government?

Speaker 16 Well, I think our objective is to make sure that the employees that we pay are being productive and effective.

Speaker 6 And there are many, many,

Speaker 6 more than 100,000 people working to collect taxes, and not all of them are fully occupied. And the Treasury Secretary is studying the matter and feels like 3,500 is a small number.

Speaker 6 And probably can get bigger, especially as we improve the IT at the IRS. And so I think that it's absolutely something that is on the table for good reasons.

Speaker 6 And the point is that don't just talk about the IRS. Talk about all of government.

Speaker 6 There are so many places, I live in DC, you maybe live in DC, where you never,

Speaker 6 nobody's going to the buildings. People aren't commuting because nobody's doing their job.

Speaker 6 We look back and we see that there are all these people doing two jobs while they're going to get government payroll on the payroll. So the point is, we're fixing that.

Speaker 6 And the IRS is a small part of that picture.

Speaker 17 So you're saying that everybody who here you have Mike Walls, the National Security Advisor, talk about, oh, we call it here Trump warp speed. We're going into warp speed mode here.
Play this clip.

Speaker 17 President Trump is on what we call Trump warp speed.

Speaker 17 We are all honored to be really serving under his leadership and his vision.

Speaker 18 Back to Kevin Hassett, the National Economic Council director.

Speaker 20 Here he says that now that inflation is surging,

Speaker 20 Once again, the way they're dealing with that is they've hired Elon Musk as their IT consultant, and he will make sure that tax cuts are restored and an inflation that's now surging because of their policies maybe will go away.

Speaker 13 Here, play the script.

Speaker 18 Why did they do that? So, we're addressing inflation.

Speaker 19 We didn't have to address it in the first term because it was always in the ones, almost always.

Speaker 15 But we're going to get it back there.

Speaker 13 And how are we doing it? Well, we're doing it with a plan that President Trump and I and others have talked about in the Oval that involves like every level of fighting inflation.

Speaker 13 First, the macroeconomic level. We're cutting spending.
We're cutting spending in negotiations with people on the hill.

Speaker 15 We're cutting spending with the advice of our IT consultant, Elon Musk.

Speaker 6 And then we're also looking into supply-side things like restoring Trump's tax cuts.

Speaker 6 Back to Stephen Miller.

Speaker 16 Again, North Korea is feeling that this is a little bit over the top. Here, Stephen Miller says, no president has done more than Donald Trump.
Here, play this clip.

Speaker 16 No president comes close to what Donald Trump has achieved over just the last 30 days.

Speaker 6 Okay, Stephen Miller, bet. I guess no president has done more than Donald Trump to literally crater the the United States of America, destroying our economy, destroying our alliances,

Speaker 6 destroying the bond between states in the United States, spreading lies, hatred, and just being overall disgusting every day.

Speaker 6 Let's continue to talk about what happens here in this ridiculous press conference.

Speaker 9 After all of that, you then have Mike Walls, the national security advisor, say, what Trump really is focused on is stability.

Speaker 22 We need to restore stability.

Speaker 19 Play this clip. And truly, you know, when we all say, and the president himself says he is a president of peace, he is a president focused on restoring stability.

Speaker 9 Restore stability.

Speaker 14 Every day it seems like there's another plane crash.

Speaker 9 The markets are crashing.

Speaker 6 Donald Trump is calling Zelensky a dictator and blaming Zelensky for Russia invading Ukraine. Donald Trump has destroyed our alliances with NATO.

Speaker 14 Stability is the word you really want to use right there.

Speaker 6 And here, Mike Walls says: look, there's no one who can stand up to Putin, Xi, and Kim Jong-un like Donald Trump. Here, play this clip.

Speaker 6 I wonder how much of what we're seeing right now out of the administration of President Trump is a call to Europe and the European leaders and the allies that we've traditionally had to pick up that hot potato and start doing something a little bit more concrete to win and preserve the peace in Ukraine.

Speaker 6 The second question I have is:

Speaker 6 it's related, is there's been some

Speaker 6 speculation in that President Trump and the administration might be manipulated by

Speaker 6 Vladimir Putin. I wonder if you can just talk a little bit about the administration's posture and your confidence in the competence of this administration to go toe-to-toe with Vladimir Putin.

Speaker 16 Well, if there's any, I'll take the second question first.

Speaker 16 If there's anybody in this world that can go toe-to-toe with Putin, that could go toe-to-toe with Xi, that could go toe-to-toe with Kim Jong-un,

Speaker 6 and we could keep going down the list, it's Donald J. Trump.
He is the dealmaker-in-chief. There is no question that he is the commander-in-chief.

Speaker 6 And I, for one, and I think all Americans and around the world, should have no doubt about his ability to not only handle Putin, but to handle the complexity of driving this war to an end.

Speaker 6 85% of people have already crapped the bet on their resolutions, but you could still get your ass right by washing with the tushi bidet.

Speaker 8 Listen, we all have our problems, but your cleanup routine, that does not have to be one of them. That's where tushi comes in.
I've been using the tushi wave bidet, and let me tell you, game changer.

Speaker 8 First off, installing it took me just 10 minutes, no plumber needed. I'm telling you, if I could do it, anyone can.

Speaker 8 Tushi gives you a refreshing, soothing cleanse with fresh water, gets me cleaner, faster, without feeling like I just sandpapered my backside.

Speaker 8 I'm telling you, once you go bidet, there is no other way. You like that? Tushi isn't just about feeling clean, it's about saving money, cutting down TP use by 80%, and protecting your skin.

Speaker 16 Plus, it looks sleek and fits perfectly in my bathroom. And every Hello Tushi bidet comes with a 30-day hassle-free return and a 12-month warranty.
There's still time to get your ass right for life.

Speaker 16 For a limited time, our listeners get 10% off their first bidet order when you use code MIDAS at checkout. That's 10% off your first bidet order at hellotushy.com with promo code MIDAS.

Speaker 16 HelloTushy.com promo code M-E-I-D-A-S.

Speaker 23 There's no one who is a bigger bootlicker of Putin, Xi Jinping, and Kim Jong-un than Donald Trump, who's turned America into some like bizarro North Korea isolated country that is a pariah state to the world.

Speaker 23 Our former allies despise and hate America under Donald Trump. Massive boycotts have been underway and are underway in Canada.
I saw a recent poll out of Canada.

Speaker 23 Only 30% of Canadians still view America as allies. About 30% of Canadians view the United States of America as an enemy combatant, as an enemy state right now.

Speaker 23 And then the remainder just doesn't view the U.S. as an ally anymore.
That's the state of Canada, to be clear, that only 30% view America as an ally. Going back to Kevin Hassett right here,

Speaker 23 here Hassett is asked, so Trump has spoken about replacing income taxes with tariff revenue. Is that something that you're really going to do?

Speaker 23 Try to not collect income tax, but try to raise money off of tariffs. Play the clip.
So, Mr. Hassett,

Speaker 23 you were speaking about tariff revenue, and you also addressed a question about the IRS.

Speaker 6 President Trump has spoken about replacing income tax with tariff revenue, especially with all this waste, fraud, and abuse that we're seeing cut. Is that a possibility?

Speaker 6 Absolutely.

Speaker 6 And in fact, if you think about the China tariff revenue that we're estimating is coming in from the 10% that we just added, plus the de minimis thing, that it's between $500 billion and a trillion dollars over 10 years is our estimate.

Speaker 6 And that's something that is outside of the reductions that markets are seeing through the negotiations up on the hill.

Speaker 6 And so we expect that the tariff revenue is actually going to make it much easier for Republicans to pass a bill. And that was the president's plan all along.

Speaker 6 I mean, these people are quite, I don't know how else to say it. Like they are legitimately stupid,

Speaker 6 cruel,

Speaker 6 arrogant, every bad quality. And it is shocking to me that there are people who fall for this crap still to this day.

Speaker 6 But I'll tell you one of the plans that they have. It's this right here.
This is what,

Speaker 6 this is part of their propaganda machine where they say that

Speaker 7 the government is going to give Americans $5,000 in rebates from Doge based on everything that Doge is collecting. And we all know that Doge ain't really doing anything.

Speaker 7 It's just lying about data and just making stuff up over and over again.

Speaker 19 But they say the government will not actually be spending this money.

Speaker 22 It will be Doge doing it.

Speaker 9 Make this make sense here. Play this clip.

Speaker 13 On these potential checks that you might send out from Doge, is there a concern as you're thinking through this that they could be inflationary?

Speaker 20 Oh, absolutely not.

Speaker 19 Because imagine if we don't spend government money and we give it back to people, then

Speaker 21 if they spend it all, then you're even.

Speaker 6 But they're probably going to save a lot of it, in which case you're reducing inflation. And also, when the government spends a lot, that's what creates inflation.
We learned that from Joe Biden.

Speaker 6 And so if we reduce government spending, then that

Speaker 6 reduces inflation. And if you give people money, then they're going to save a bunch of it.
And when they save it, then that also reduces demand and reduces inflation.

Speaker 6 Okay, so you're not worried about it.

Speaker 6 So he says inflation happens when government spends money, but government won't be spending money to give money to people.

Speaker 6 And they just dangle this stuff the same way they dangle no tax on tips, no tax on social security, no tax on overtime, the same way they say that they're going to do all of these things.

Speaker 6 And what they really do is they cut $880 billion in Medicaid, $250 billion from farmers, $350 billion in education. They go after Social Security.

Speaker 6 Is it obvious what they're, it should be obvious what they're doing. And $4.5 trillion in tax cuts for the billionaires.
That's going to increase America's national debt to over $25

Speaker 12 trillion in debt over the next 10 years, according to conservative think tanks.

Speaker 9 They predict that if the spending bill goes down this way, increase the debt by $25 trillion.

Speaker 9 Bringing you down to this press conference that Transportation Secretary Sean Duffy was holding in California.

Speaker 9 Here, Sean Duffy, who got famous off of the Real World Road Rules Challenge, and now he's the Transportation Secretary, and he's overseen over nine plane crashes in the first 30 days, about four lethal plane crashes, some staggering numbers right there.

Speaker 6 He says that the reason that he's fired a lot of these FAA workers is because they're actually not the highest skilled members of the FAA. Here, play this.
We talk about the FAA layoffs.

Speaker 6 Industry experts say it's unsafe, it's impacting safety. How can you assure the American public that they're okay to fly right now? Yeah, so the question was in regard to FAA layoffs.

Speaker 6 So, to be clear, the FAA has 46,000 employees. This was, I think, 352 employees.
And

Speaker 6 the employees that were laid off

Speaker 6 were employed for less than a year. So these are not

Speaker 6 the highest skilled members of the FAA. You can take a look here as people in California were booing Secretary Duffy.

Speaker 6 And he and the MAGA Republicans in California, they were showing up in California today to announce that they wanted to investigate the high-speed rail project and they want to dismantle it.

Speaker 6 And I'll talk about that project in just a second.

Speaker 6 But the same way Donald Trump posted about himself and showed that he said that I'm a king regarding New York, like he literally posted a photo of himself wearing a crown and said, Long live the king, or something like that.

Speaker 6 And he's screwing with New York's projects to help congestion traffic there, which was actually working.

Speaker 24 Trump wants to screw over the high rail project in California, which actually a lot of Republican people like red state, I mean, in California, the red areas, red counties especially the central valleys been helping their economy just watch the people boom play this clip

Speaker 25 Now here is Sean Duffy yelling at the protesters. Here, play this clip.

Speaker 6 Billion dollars.

Speaker 6 And no rail has been built. So if you want to go protest somewhere, if you want to shout at someone, go to the governor's mansion.

Speaker 6 Go talk to Democrats in the legislature who have brought us this crappy project. Right? So we've seen over the course of the last month what Doge has exposed with regard to fraud, waste, and abuse.

Speaker 6 And we're done with it. And you know what? You're going to have people who love fraud, who love waste.
who love trains to nowhere. But all of us up here, we do not love fraud, waste, and abuse.

Speaker 6 We are going to use the taxpayer money efficiently and effectively. And this is a boondock.

Speaker 6 There isn't. And again, I would love if they go rail.
It was supposed to be done in 2020. Wild stuff right there.

Speaker 6 Going back to the press conference at the White House,

Speaker 6 here's again Mike Walls, National Security Advisor. Let's play it.
Who does he think is more responsible for the Russian invasion of Ukraine? Putin or Zelensky? Well, look,

Speaker 6 his his goal, Peter, is to bring this war to an end, period.

Speaker 6 And there has been ongoing fighting on both sides. It is World War I-style trench warfare.
His frustration with President Zelensky

Speaker 26 that you've heard is multifold.

Speaker 26 One, there needs to be a deep appreciation for what the American people, what the American taxpayer, what President Trump did in his first term, and what we've done since.

Speaker 26 So some of the rhetoric coming out of Kyiv, frankly, and

Speaker 26 insults to President Trump were unacceptable, number one. Number two, our own Secretary of Treasury personally made the trip to offer Ukrainians what can only be described as a historic opportunity.

Speaker 26 That is for America to co-invest with Ukraine in their and finally, here is Kevin Hassett, National Economic Council Director. Let's play it.

Speaker 6 We're being told by a lot of people who have been let go at other agencies that they were told they were being dismissed because of poor performance when in some cases they haven't even had a performance review yet because they've only been on the job a couple of months.

Speaker 10 Yeah, I've never seen a person who was laid off for poor performance say that they were performing poorly.

Speaker 16 Okay.

Speaker 16 Good point. Sure, Caitlin.
Let me just get you the fact sheet about California High Rail just so you know. Here's a reason or a few why Duffy was getting booed out of the building today.

Speaker 16 This project has generated more than 14,000 good paying jobs in California. The route from San Francisco to LA is fully environmentally cleared, meaning it's shovel ready.

Speaker 16 The track laying phase has begun.

Speaker 16 And of the $13 billion spent, $10.5 billion has come from the state of California and $2.5 billion has come from the federal government, not the exaggerated hundreds of billions that are falsely claimed.

Speaker 16 And a lot of these jobs in central California helping people who are there. So there you have it, folks.
We'll keep you posted. Hit subscribe.
Let's get to 5 million subscribers.

Speaker 16 Can't get enough, Midas.

Speaker 6 Check out the Midas Plus sub stack for ad-free articles, reports, podcasts, daily recaps from Ron Filipowski, and more.

Speaker 17 Sign up for free now at midasplus.com.