The Michael Knowles Show Ep. 1709 - The Stock Market Is Crashing — and Americans Love It
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Apr 7, 2025 The podcast dives into the surprising rise of Trump's approval ratings amidst a crashing stock market, linking it to public sentiments about tariffs. It explores economic inequalities affecting the middle class, emphasizing the urgent need for reform. The conversation also touches on alarming statements from political figures regarding economic stability. Additionally, it examines the complexities of public reactions to allegations against celebrities and the contradictions in immigration policies under Trump's presidency.
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Approval Ratings vs. Market Downturn
- Despite a market downturn due to Trump's tariffs, his approval rating increased.
- This disconnect highlights a divide between public perception and media portrayal.
The Tariff Medicine Analogy
- Trump's tariff impact varies; some experience minor inconvenience, others face significant losses.
- This resonates with those who've felt economic pain for years, ignored by wealthier classes.
A Broken System
- The current economic system is broken, evidenced by record European vacations and food bank usage.
- Secretary Mnuchin believes the system hasn't worked for the bottom 50% and needs fixing.