5/21/25: Economic update, habeas corpus collapse, a new Golden Dome

The David Pakman Show

David Pakman

Government, Republican, Progressive, Senate, Tdps, Pacman, Congress, House, Davidpakmancom, Political, Packman, United, Television, Democrat, Conservative, Pakman, White, Politics, Pacifica, News, Entertainment, Dave, Radio, David, Liberal, America, States, President

4.6 • 2.8K Ratings

🗓️ 21 May 2025

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

-- On the Show:

— Where the economy stands after four months of Trump: unemployment steady, GDP dips, inflation down, consumer confidence collapsing

— Trump lashes out during a press conference, lies about healthcare and groceries, praises the Pope’s nonexistent MAGA brother, and walks into a wall

— Karoline Leavitt answers kids’ questions with a stream of propaganda and fantasy about Trump, climate change, and gold-plated Oval Office décor

— Trump unveils a fantasy “golden dome” missile defense shield, falsely claims it’s already funded, and confuses reporters with rants about vaults and Russia

— Kristi Noem embarrassingly fails a basic civics test on habeas corpus, illustrating why the Trump movement is so dangerous to constitutional rights

— Republican Congressman Thomas Massie turns on Trump over the tax bill’s $20 trillion price tag — and Trump demands Massie be voted out

— Elon Musk says he’ll scale back future political spending after Trump’s failures, and insists media falsely portrayed him as a Nazi

— Elizabeth Warren obliterates IRS nominee Billy Long for not knowing if the president can unilaterally revoke nonprofit status

-- On the Bonus Show: Sources contradict Qatar plan "gift" narrative, Justice Dept opens inquiry into Andrew Cuomo, controversy explodes over Jake Tapper's book about Joe Biden's decline, much more...

🥣 Graza olive oil: Get 10% off “The Trio” set with code PAKMAN at https://graza.co

🤖 Sponsored by Venice: Use code PAKMAN for 20% off a Pro Account at https://venice.ai/pakman

🛡️ Incogni lets you control your personal data! Get 60% off their annual plan: http://incogni.com/pakman

🩳 SHEATH Underwear: Code PAKMAN for 20% OFF at https://sheathunderwear.com/pakman

🐟 Wild Alaskan Company: Get $35 OFF with code PAKMAN at https://wildalaskan.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

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the show, everybody.
0:08.7	One of the, I believe, most useful things that we can do at least to create a baseline for
0:15.2	evaluating a presidency is to really keep track of a bundle of economic indicators.
0:21.6	And we've talked about before how I, of course, have personal views and opinions and biases,
0:30.6	but that at least as a starting point, I may have an opinion about gay marriage, for example, but at least as a starting point, it's
0:39.9	a good thing to look at five, six, seven economic metrics and say, let's put aside our
0:45.5	opinions about the president.
0:47.5	Let's put aside for a moment our views on social issues.
0:50.5	And let's just track how economic indicators have changed under the current president
0:55.9	versus the previous one.
0:57.3	In this particular case, what we're saying is how does the Trump administration's second
1:02.2	term now four months in compare economically with what we saw during Joe Biden's presidency.
1:11.6	One of the, I think, relevant things to understand about the tariff program is that the announcement
1:19.6	of tariffs and then the suspension of tariffs all still for the most part not yet started,
1:26.6	even though there are some tariffs on China
1:28.4	They really affect futures markets the stock market is a futures market the day you announce
1:34.8	tariffs especially if they are to take effect at some future point nothing changes that day
1:42.0	about the profitability of a publicly traded company, but its share
1:46.4	price may go down because it reflects beliefs about the future profitability of that company.
1:52.9	So all of this being said, we can simultaneously understand how blanket tariffs on every country
2:00.5	would be bad for American companies, small
2:02.9	businesses and individuals, but recognize that not all of that takes effect right away
	...

Transcript will be available on the free plan in 3 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from David Pakman, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of David Pakman and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.