The MeidasTouch Podcast Rep. Boyle Exposes Trump’s Economic Disaster
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Dec 14, 2025 Brendan Boyle, a U.S. Representative and the ranking member on the House Budget Committee, joins the conversation to dissect Trump's economic record. He highlights the alarming parallels between today’s stagflation and the 1970s, criticizing Trump as a crony capitalist whose policies benefit billionaires at the expense of everyday Americans. Boyle debunks Trump's claims about tariffs and discusses the harmful impact of executive dishonesty on economic realities. The discussion reveals deep insights into the challenges facing the economy today.
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Stagflation Risk Is Real
- Jerome Powell clearly described a stagflation risk with rising inflation and weakening employment.
- Brendan Boyle and Ben Meiselas agree this combination mirrors 1970s stagflation and is a real policy challenge.
Housing Shortage Is Structural
- Powell explained housing problems are structural, driven by low supply and locked-in low mortgages.
- He warned small rate cuts won't fix the long-term housing shortage or affordability issues.
Jobs Are Actually Declining
- Powell noted payrolls averaged 40,000 per month since April and likely overstate employment by about 60,000.
- Adjusting that suggests the economy has lost roughly 20,000 jobs per month recently.