8/4/25: Trump fires the messenger as economy gets shaky
The David Pakman Show
David Pakman
4.6 • 2.8K Ratings
🗓️ 4 August 2025
⏱️ 82 minutes
🧾️ Download transcript
Summary
-- On the Show:
-- Donald Trump lashes out with angry social media posts as economic indicators show signs of decline
-- Donald Trump fired Bureau of Labor Statistics head Erika McEntarfer after a devastating jobs report exposed major economic weakness
-- Republican Senators like Cynthia Lummis and Thom Tillis finally criticize Donald Trump after he Bureau of Labor Statistics head Erika McEntarfer for political reasons
-- Donald Trump’s DOJ moved Ghislaine Maxwell to minimum-security after a secret meeting, raising serious questions about favors and Epstein connections
-- Donald Trump was loudly booed by thousands at WWE SummerSlam during a video appearance, showing a shocking drop in support
-- Donald Trump made disturbing comments about press secretary Karoline Leavitt’s lips on TV, raising concerns about sexism and power abuse
-- Press secretary Karoline Leavitt demanded Trump receive the Nobel Peace Prize, pushing the cult of personality narrative to absurd heights
-- Donald Trump discusses the Epstein files, pardons, drug prices, and lashes out about loyalty and job numbers
-- MAGA spokespeople struggle to defend Trump’s false economic claims amid historic job report revisions
-- Trump lashes out on Truth Social accusing Biden appointees of rigging jobs data and demands firings while denying economic reality
-- Trump claims he fired a government official over disputed jobs numbers and insists on having trusted personnel amid growing economic uncertainty
-- A leaked DHS memo reveals plans to militarize immigration enforcement domestically, alarming experts about authoritarian risks
-- Newsmax spins July jobs report disaster as “good news” ignoring massive downward revisions and recession fears
-- On the Bonus Show: Trump attacks Charlamagne tha God, Tesla's brand loyalty plummets, Nancy Mace announces run for Governor of South Carolina, and much more...
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Transcript
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| 0:00.0 | You know, you can really only bluff for so long and eventually the economy is going to call your hand. |
| 0:14.6 | And the July jobs report has just detonated whatever was left of Donald Trump's economic talking points. |
| 0:22.4 | Only 73,000 jobs were added last month. |
| 0:27.4 | And even worse, previous months were quietly revised downwards 258,000 fewer jobs were created |
| 0:37.3 | in May and June than what was previously reported. |
| 0:41.3 | And the original reports weren't even very good. |
| 0:45.2 | So this is a very big problem for President Donald Trump. |
| 0:48.7 | And it turns out that the so-called booming economy that they said existed was a lie. It was propped up by bad data. And it was |
| 0:57.6 | propped up quite frankly by sort of blind hope that a tariff scheme that economists knew wouldn't |
| 1:06.8 | make sense would somehow not hurt the economy. |
| 1:11.0 | But the bottom is now falling out. |
| 1:13.0 | Donald Trump is completely losing it. |
| 1:16.2 | Went on truth, social, screaming about rigged numbers, blaming everybody but himself, ultimately |
| 1:23.5 | firing the person in charge of those numbers. |
| 1:26.2 | We'll get to that in a moment. |
| 1:28.0 | But the numbers don't care. |
| 1:30.1 | The market reacted after news of this. |
| 1:33.1 | The Dow down nearly 600 points, S&P down 1.6%, NASDAQ down more than 2%. |
| 1:41.5 | And regular people, meaning just voters, are living the consequences of what's |
| 1:47.3 | going on. |
| 1:48.3 | You look at polling. |
| 1:49.8 | New poll shows 6 and 10 Americans blame Trump for the continued high cost of living. |
... |
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