The Warning with Steve Schmidt Donald Trump's Economy is FAILING
Nov 6, 2025
The discussion dives into Trump's portrayal of the economy, contrasting his claims of affordability with the harsh reality faced by ordinary Americans. Steve highlights Trump's disconnect from everyday struggles, including mocking his assertions about grocery prices. He critiques the optimism of media figures regarding economic recovery, exposing the truth behind layoffs and market instability. The conversation shifts to the implications of corruption and cronyism under Trump, warning of dire social consequences for the public. A call for compassion and action against Trumpism closes the analysis.
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Affordability As Political Talking Point
- Steve Schmidt argues Trump frames “affordability” as a talking point while ignoring everyday struggles of Americans.
- Trump talks about affordability in elite terms, failing to connect to ordinary financial pain.
Numbers Versus Reality
- Schmidt says Trump's economic claims are numeric theater detached from everyday reality.
- He contrasts glitzy spending and cronyism with real layoffs and market speculation.
Billion-Dollar Bets And Gatsby Parties
- Schmidt recounts Wall Street speculation and billion-dollar bets as signs of a bubble.
- He describes Trump throwing lavish parties while the economy falters for ordinary people.