3/11/25: Trump recession dominates, Elon destroying everything

The David Pakman Show

David Pakman

News, Politics

4.8 • 6.2K Ratings

🗓️ 11 March 2025

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

-- On the Show: -- Ruth Ben Ghiat, internationally acclaimed historian, speaker, and political commentator, joins David to discuss America's worrying descent into fascism under Donald Trump -- The stock market continues to tumble over Donald Trump's trade war and broader economic uncertainty -- Tesla stock continues to plummet, losing over half of it's value since December -- Bernie Sanders exposes Donald Trump and Elon Musk's plan to destroy the working and middle classes for the benefit of the rich -- Donald Trump is using the short stairs on Air Force One, which was considered a warning sign under Joe Biden -- Donald Trump is buying a Tesla in a desperate attempt to help out Elon Musk -- Elon Musk talks about "white replacement theory" in an interview gone wrong -- Robert F. Kennedy Jr. talks about making American healthy again while at a Steak 'n Shake -- On the Bonus Show: US added to civil rights watchlist, Texas bill would make identifying as transgender a felony, British Columbia bans US alcohol at government stores, and much more... 📜 Trust & Will: Save 10% on your estate planning at https://trustandwill.com/pakman 🧽 Blueland: Get 15% OFF sustainable cleaning products at https://blueland.com/pakman ✉️ StartMail: Get 50% OFF a year subscription at https://startmail.com/pakman 🩳 SHEATH Underwear: Code PAKMAN for 20% OFF at https://sheathunderwear.com/pakman -- Become a Member: https://davidpakman.com/membership -- Become a Patron: https://www.patreon.com/davidpakmanshow -- Get David's Books: https://davidpakman.com/echo -- TDPS Subreddit: http://www.reddit.com/r/thedavidpakmanshow -- David on Bluesky: https://davidpakman.com/bluesky -- David on Facebook: http://www.facebook.com/davidpakmanshow Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the show.
0:07.0	It gives me zero pleasure to have to report to you today that the Trump economy is collapsing before our eyes and the numbers don't lie. Wall Street is in a free fall. Layoffs are starting to surge.
0:27.1	Consumer confidence has cratered. Inflation has ticked back up. Yet again, as I record this, the Dow is down another 400 points.
0:40.2	Even Donald Trump's favorite metric is, I'm talking about the stock market, is looking
0:46.6	like a slow motion train wreck.
0:49.7	And the kicker is that it's because of Trump and it's because of Elon Musk.
0:55.7	Yesterday Monday saw one of the worst stock market drops in a long time.
1:02.0	The Dow at one point was down a thousand points.
1:04.9	This is after being down 700 points the day before, you know, weekend last week.
1:10.6	The NASDAQ tanked 4.2 percent.
1:14.4	Its biggest single day declines since 2022.
1:19.0	The S&P 500 broke below what's considered a critical support level for the first time
1:25.1	in two years.
1:25.9	And even the mega corporations that Trump once paraded
1:29.8	as signs of a strong economy, they're not doing well. Apple led by Tim Apple. That's a joke. Microsoft,
1:39.8	Alphabet, Amazon, Nvidia, meta, plunging, Tesla, down 15% in a single day.
1:49.3	We'll talk more about Tesla in a moment.
1:52.4	These are some of the biggest drops in years wiping out hundreds of billions of dollars
1:59.1	of my market value. And and why Trump's economic chaos
2:04.0	the tariff obsession is here and it is back and it is staying and the damage is showing
2:10.3	the threats to Canada to Mexico to China they have investors panicking businesses
2:16.1	can't plan.
	...

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