The MeidasTouch Podcast Trump Gets Terrible News and Tries to Cook the Books?!
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Jul 3, 2025 Donald Trump faces grim economic indicators, raising concerns about inflation and unemployment. Conflicting job reports spark doubts about political manipulation, especially regarding a claim of 147,000 jobs added. The podcast delves into the rise of government jobs amid budget cuts, questioning political rhetoric and loyalty among supporters. Discussions reveal a controversial budget bill impacting health insurance and the economy, alongside critiques of Medicaid narratives that misportray recipients as irresponsible.
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Trump's Economic Data Deception
- Donald Trump faces worsening economic data and responds by manipulating reported job numbers and speaking to Vladimir Putin.
- His trade war failed, increasing the U.S. trade deficit despite tariffs aimed at improving surpluses.
Skepticism Over Job Numbers
- The government claimed 147,000 jobs added in June, but ADP data showed a loss of 33,000 private sector jobs.
- Most new jobs cited were in public education despite schools being closed, raising suspicion of data manipulation.
Question Trump Labor Data
- Trump's war on career civil servants and replacement with partisan appointees undermines trust in government labor data.
- Critical thinkers should question data from the Trump administration's labor and commerce departments.