The Bulwark Podcast S2 Ep1022: Stephanie Ruhle: Only Trump Is Happy
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Apr 16, 2025 
Stephanie Ruhle, MSNBC host and former Deutsche Bank managing director, dives into the current economic climate marked by plunging manufacturing orders and rising mortgage rates. She highlights how Trump’s wealth has skyrocketed amid this turmoil, discussing his crypto pursuits and the influx of wealthy figures seeking favors. Ruhle also addresses the chilling effects of defunding science and the surprising public response to the Abrego Garcia kidnapping, showcasing how political and economic dynamics intertwine in today's landscape.
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Wall Street's Quick Realization
- Wall Street investors quickly reassessed Trump's trade policies and found them risky and poorly executed.
- Only Trump's inner circle and those profiting directly from his policies support his approach.
Tech's Bid for Tariff Exemptions
- Tech leaders scramble to get exemptions from tariffs by lobbying Trump at Mar-a-Lago.
- Trump's deals and favors revolve mainly around money and influence, especially with the media.
Trump's Untrustworthy Dealings
- Wall Street professionals knew Trump's unreliable business history and should not have trusted him.
- Trump's past failures to honor deals cast doubt on his presidency's negotiations and commitments.