Speaker 1: How would you rate the American economy as we head
Speaker 1: towards Christmas of twenty twenty five?
Speaker 2: Do you give it an F?
Speaker 3: A D?
Speaker 2: How about A C, A B? What about an A?
Speaker 1: Just know if you're inclined to give it an A,
Speaker 1: that's not good enough for Donald Trump, who thinks it's
Speaker 1: even better than that. Trump says he's made America grade again.
Speaker 1: Trump says it's the best economy ever. Trump says his
Speaker 1: grade is an A triple plus.
Speaker 3: But I do want to talk about the economy, sir
Speaker 3: here at home, and I wonder what grade you would give.
Speaker 1: A plus A plus A plus plus plus plus plus.
Speaker 1: What do you think? Does that seem right to you?
Speaker 1: I'm Steve Schmidt. It is Wednesday. This is the warning
Speaker 1: last night in a deep red Georgia state legislative district
Speaker 1: that Donald Trump won in twenty twenty four by forty
Speaker 1: five points.
Speaker 2: The Democrat won.
Speaker 1: While that was happening, Trump was in Pennsylvania making clear
Speaker 1: that if you think prices are rising, that you are
Speaker 1: the delusional one.
Speaker 2: You are wrong.
Speaker 1: Didn't you know the higher grocery prices, the higher prices
Speaker 1: for clothes, the higher prices for everything, it's all a
Speaker 1: Democratic hoax.
Speaker 2: Just like the Epstein files. The word affordability is a kunjob.
Speaker 2: They use the word affordability. It's a Democrat hoax. Look,
Speaker 2: affordability is a hoax.
Speaker 1: Donald Trump went to Pennsylvania to tell the people there
Speaker 1: that voted for him, how great a job he's doing.
Speaker 1: That he fulfilled his promise to make America great again.
Speaker 1: It's certainly great for his son, Eric, whose net worth
Speaker 1: has increased to four hundred million dollars during his corrupt
Speaker 1: father's reign. It's certainly been great for Donald Trump Junior,
Speaker 1: who just got a six hundred twenty five million dollar
Speaker 1: drone contract from the Pentagon for his company. If you're
Speaker 1: one of Donald Trump's corrupt officials, it's never been better.
Speaker 1: But if you're an ordinary American, perhaps part of the
Speaker 1: forty percent of the country that doesn't have four hundred
Speaker 1: dollars cash available for an emergency, it's never been worse.
Speaker 1: Let's look at this chart. Does the date mean anything
Speaker 1: to you? This is the story of the Trump presidency,
Speaker 1: But so is this idiocy of Howard Lutnik.
Speaker 2: Everything in the world's got ten percent. You go to
Speaker 2: the store now, are you feeling the pain? No? Why not,
Speaker 2: because there is no pain. Because what happens is the sellers,
Speaker 2: the producers.
Speaker 1: The sellers and the currencies change and the price effectively
Speaker 1: mostly goes away each month. The great Trump Golden Age
Speaker 1: is only another month away, and then another month after that.
Speaker 2: Let's watch, Jesse.
Speaker 3: I think we're going to have what I called parallel prosperity.
Speaker 3: Main Street can do well, Wall Street can do well.
Speaker 3: It's been a long time since Main Street's done well.
Speaker 3: And that's what happened in Trump one point zero. Hourly
Speaker 3: workers did better than supervisory workers. The bottom fifty percent
Speaker 3: of households had a net worth increase that was higher
Speaker 3: than the top ten percent. So we are going to
Speaker 3: see Main Street surge here along with Wall Street, which
Speaker 3: we've already seen. So I think it's going to be
Speaker 3: a great year next year. I think inflation is going
Speaker 3: to come down. You know, we're seeing gasoline prices come down.
Speaker 3: We're seeing we should see interest rates come down, which
Speaker 3: will help the housing market.
Speaker 1: It is a golden age for crypto scammers, for Jeff Bezos,
Speaker 1: for Little Larry and everybody with the cash to bribe Trump.
Speaker 1: From the Honduran president on Norco terrorist drug trafficker. In
Speaker 1: Trump's words, Now let loose while an American invasion fleet
Speaker 1: gets ready to its venezuela and begin our next Afghanistan.
Speaker 1: Things well, they're falling apart, and everybody knows it, everybody
Speaker 1: except Donald Trump. Because Donald Trump is an untreated psychiatric patient,
Speaker 1: he cannot temper his narcissism.
Speaker 2: He is incapable of.
Speaker 1: Saying anything other than the economy is a triple plus.
Speaker 1: He doesn't have it in him to say it's an
Speaker 1: a minus. And let's watch the lemming of the week,
Speaker 1: the maga moron of the day, This Republican congressman jump
Speaker 1: on the Trump grenade.
Speaker 3: So I do wonder how you would grade the economy.
Speaker 2: A plus.
Speaker 3: Look, I'm using the same template that our president is using,
Speaker 3: and that is the potential what we are going to
Speaker 3: see with the economy in the first and second quarter.
Speaker 1: I don't know what the voter total in his district is,
Speaker 1: but I know if a deep red district in Georgia
Speaker 1: that Trump won by forty five points just lip to
Speaker 1: the Democrats.
Speaker 2: None of them are safe. And the reason for that.
Speaker 1: Is the family budget of the American people is not
Speaker 1: safe from their incompetence, from their greed from their idiocy,
Speaker 1: he has destroyed the family farmer. Farmers don't want bailouts.
Speaker 1: They want to be able to sell their crops to
Speaker 1: markets that Trump has shut down with his thermonuclear idiocy.
Speaker 1: But it's not just the farmers, it's the small business owners.
Speaker 1: It's everybody who is affected by the Trump economy. There
Speaker 1: are food lines in Kentucky. They ought to be called McConnell's.
Speaker 1: The misery that Trump is spreading, will grow, cannot be
Speaker 1: stopped to die is cast. The American economy in January
Speaker 1: of twenty twenty five was the envy of the world.
Speaker 2: What Trump has.
Speaker 1: Done is stoke and AI fueled all ark funded venture
Speaker 1: capital internet bubble for the ages. This graph explains it,
Speaker 1: and it's going to blow up because it's all a
Speaker 1: Ponzi scheme. One of the best examples of it is
Speaker 1: when Sam Altman of OpenAI is asked, how is it Sam,
Speaker 1: if your company has fifteen billion in revenue you intend
Speaker 1: to deliver on one point four trillion in investment commitments
Speaker 1: that you've made. His response, you can sell your stock
Speaker 1: if you want to.
Speaker 2: Here's the deal.
Speaker 1: Trump, his minions, his sickophants, or a collection of economic
Speaker 1: imbeciles and vandals, and what they have done is unprecedented.
Speaker 1: Nobody in the history of the American presidency has ever
Speaker 1: taken a chainsaw, remember that, and a sledgehammer two the
Speaker 1: foundation of the strongest economy in the world. What Donald
Speaker 1: Trump has done is increase the power of China. And
Speaker 1: just so you know, the Chinese trade surplus has never
Speaker 1: ever been higher. Maybe, just maybe, though, there's a silver lining,
Speaker 1: a break in the clouds, some sunlight that's reaching the ground,
Speaker 1: and it's this. The American people who allowed this imbecile
Speaker 1: to be president understand that he's faithless and he can't
Speaker 1: be trusted, and all of it was a giant mistake.
Speaker 1: Donald Trump is going to be dealing with a democratic majority.
Speaker 1: Donald Trump is going to be repudiated in the election.
Speaker 1: Donald Trump is breaking the American economy, breaking the American farmer,
Speaker 1: breaking the American family, breaking the American worker.
Speaker 2: And he's breaking the United States.
Speaker 1: When you put it all together, it doesn't sound to
Speaker 1: me like he's making America great again. But then again,
Speaker 1: I'm not one of those people inclined to get on
Speaker 1: my knees for Donald Trump. And that, my friends, is
Speaker 1: the warningstein Schmidt, this is the warning. I invite you
Speaker 1: to join this community, where I promise to be honest,
Speaker 1: blunt and direct about what is happening in this country.
Speaker 1: America is in crisis. Follow and subscribe to this channel
Speaker 1: and on substack.
Speaker 2: Thank you,