2/28/25: Economists panicking as MAGA voters turn on Trump
The David Pakman Show
David Pakman
4.8 β’ 6.2K Ratings
ποΈ 28 February 2025
β±οΈ 74 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
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Transcript
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| 0:00.0 | Welcome to the show. |
| 0:08.2 | Economists are starting to panic about a possible Trump recession if Donald Trump is able |
| 0:13.8 | to continue his economic agenda. |
| 0:16.3 | Now let's not pretend that this wasn't obvious from the start. |
| 0:19.3 | Let's not pretend that we're surprised. |
| 0:21.4 | Donald Trump's economic approach of chaotic trade wars and aggressive budget cuts and pandering |
| 0:27.0 | to right-wing populist rhetoric, it's always been a recipe for disaster, but we've been |
| 0:32.3 | hoping that he simply won't actually do the stuff, either because he'll change his mind or |
| 0:36.8 | it just won't |
| 0:37.7 | happen or someone will talk him out of it. |
| 0:39.7 | But economists are now sounding the alarm about what could be an impending Trump recession |
| 0:45.4 | if the policies take hold. |
| 0:48.8 | And just a basic understanding of economics makes it easy to see why. |
| 0:54.2 | The administration's obsession with slapping tariffs on our closest trading partners and gutting |
| 0:59.7 | federal agencies is pushing the economy to a tipping point, predictably, drastic cuts and reckless |
| 1:08.1 | policies that play well on right- wing media, especially before an election, |
| 1:13.8 | but fail in the real world. |
| 1:15.2 | And let's go down the list. |
| 1:17.1 | If you tariff Canada and Mexico, 25% on key imports, you choke the North American |
| 1:23.4 | auto industry. |
| 1:24.4 | You disrupt supply chains. |
| 1:26.4 | And so this makes companies pull back on hiring. |
... |
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