The David Pakman Show
2/24/25: One month in, one hundred disasters
Feb 24, 2025
Senator Adam Schiff, a key figure in the Trump impeachment inquiries, joins the discussion to analyze the chaotic start of Trump's second term. He highlights economic discrepancies and warns of Trump’s authoritarian threats toward governors. Schiff critiques the disconnect over Russia’s invasion of Ukraine and assesses the political landscape leading up to 2026 and 2028. He also discusses the significant economic role of blue states and the rise of independent media amid declining trust in traditional news outlets.
01:02:24
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Quick takeaways
- Economic indicators during Trump's first month reveal a slight unemployment decrease and an increase in inflation, reflecting modest changes overall.
- Consumer sentiment has declined significantly since Trump took office, indicating troubling public perceptions that may affect economic growth.
Deep dives
Tracking Economic Metrics
The podcast focuses on the tracking of key economic indicators during the early stages of Donald Trump's second presidency. It compares current metrics with those at the end of Joe Biden's presidency, highlighting that the unemployment rate slightly decreased from 4.1% to 4.0% during Trump's first month. Additionally, the inflation rate saw a minor increase from 2.9% to 3.0%. These comparisons seek to objectively assess the direction of the economy without political bias, stating that both positive and negative changes are relatively small.
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