12/4/25: Another jobs fiasco as 2028 secret plan exposed
The David Pakman Show
David Pakman
4.6 • 2.8K Ratings
🗓️ 4 December 2025
⏱️ 63 minutes
🧾️ Download transcript
Summary
-- On the Show:
-- Donald Trump presides over a reported loss of 32,000 private sector jobs as Fox Business downplays the ADP data while small businesses show stress tied to tariffs
-- Economists explain that higher wages, stronger services, and denser job markets drive higher prices in Democratic states, while lower costs in Republican states track weaker growth and fewer public investments
-- Gallup reports Donald Trump at 36 percent approval with historic lows among independents and Republicans as policy issue ratings also weaken
-- Steve Bannon openly claims Donald Trump will seek a third term and frames it as a planned strategy that challenges constitutional limits
-- Labor data show losses across manufacturing, transportation, and warehousing as economists cite tariffs, immigration limits, and weak investment for accelerating blue-collar job declines
-- Conservative media elevates political loyalty over independence by branding Pete Hegseth, JD Vance, and Stephen Miller as masculine icons
-- Kayleigh McEnany misleads on inflation by claiming Donald Trump cut rates from nine percent to three percent while the data show the decline happened under Joe Biden
-- Costco sues Donald Trump for tariff refunds as multiple corporations join the challenge and the Supreme Court weighs the legality of billions in trade penalties
-- On the Bonus Show: Jamie Raskin launches an investigation into Trump's 60 Minutes interview, video resurfaces of Pete Hegseth telling the troops not to follow illegal orders, and much more...
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(18:09) Trump approval hits historic lows
(24:47) Bannon floats Trump third term
(33:09) Blue-collar job declines accelerate
(42:35) MAGA alpha male culture exposed
(51:05) McEnany misleads on inflation
(57:28) Costco sues Trump over tariffs
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Today on the show, the supposedly booming economy is taking another punch to the face. Private |
| 0:06.8 | payrolls lost another 32,000 jobs. Small businesses are getting crushed by the tariffs. And even Fox |
| 0:15.3 | business can only stomach talking about it for 30 seconds before they move on to something else. |
| 0:19.7 | We're also going to talk about |
| 0:21.5 | Scott Besson's growing obsession with talking about how much cheaper red states are. But what that |
| 0:27.9 | misses is an analysis of why blue states are more expensive, how much higher salaries are, and |
| 0:34.3 | of course how much better health care and education are. We're going to get into all of it. |
| 0:38.7 | And then stunning Trump approval numbers, collapsing to 36 percent, that is the lowest it has |
| 0:44.8 | ever been other than the two weeks after the Trump riots of January 6th, 2021. |
| 0:51.4 | Even though Trump has said 2028 is not going to be for him, Steve Bannon says there is a plan. |
| 0:58.0 | And by redefining terms, Trump will be able to serve a third term. Is he just trolling or is there |
| 1:04.2 | anything real behind it? And we are also going to take a deeper dive in terms of the jobs question |
| 1:09.2 | at blue collar jobs specifically, |
| 1:11.9 | which are collapsing under this administration. I also am going to delve into the very |
| 1:17.6 | strange sort of irony of the obsession with the prototypical alpha male in this administration |
| 1:23.9 | and the lack of alpha males in this administration. All of those stories and more |
| 1:30.1 | on today's show. What a day. We have to start with the jobs situation today, which is getting |
| 1:44.0 | quite dire. We have a reporting |
| 1:46.1 | from CNBC and then a comment from Fox News. And you'll see what I mean in a moment. The miss was |
| 1:54.1 | minus 32,000 jobs in November. Remember that Donald Trump has canceled the official jobs numbers. He didn't like the |
| 2:02.2 | numbers a little while ago, so he fired the Bureau of Labor Statistics Commissioner. That's okay. |
| 2:07.1 | We still have the ADP numbers, and ADP says minus 32,000 jobs. The estimate was plus 40,000. So |
... |
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