A Moment Of Clarity: "Fears of a global recession are rising!"
The Michael Steele Podcast
The Bulwark
4.8 • 3.1K Ratings
🗓️ 11 April 2025
⏱️ 11 minutes
🧾️ Download transcript
Summary
Catch Michael Steele on The Weekend Saturdays and Sundays on MSNBC: https://www.msnbc.com/the-weekend
Follow Michael on X: https://x.com/MichaelSteele
Watch The Michael Steele Podcast: https://www.youtube.com/playlist?list=PLJNKzTkCZE9uNqPiKYw5eU5YkS_mMsr6o
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Transcript
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| 0:00.0 | And now for a moment of clarity. |
| 0:06.3 | You want to see a market crash if we lost this election? |
| 0:09.8 | I think the market would go down the tubes. |
| 0:11.6 | We are a nation whose stock markets continued success is contingent on MAGA winning the next election. |
| 0:19.2 | Trump Cash versus Kamala Crash. |
| 0:23.7 | We're going to have a crash, like 1929 if she gets in, |
| 0:28.0 | a 1929-style depression. |
| 0:33.1 | 1929. |
| 0:34.8 | When I win the election, we will immediately begin a brand new Trump economic boom. |
| 0:39.3 | It'll be a boom. |
| 0:41.3 | It's a boom, all right. |
| 0:43.3 | It's a boom all over your 401k and your child's education fund. |
| 0:48.3 | Remember all those talks about projecting, the Trump's just projecting? |
| 0:53.3 | Well, guess what? Those projections during the campaign |
| 0:56.6 | are infuriating to watch right now. The financial markets try and find the bottom. And fears of a |
| 1:03.9 | global recession are rising among rank-and-file Republicans as well. Wall Street's biggest names |
| 1:09.4 | and even Trump's chief financier, Elon Musk, |
| 1:13.4 | have the jitters about all of this great economy that Trump is creating. The concerns from the |
| 1:19.7 | billionaire class and their bankers comes as mass protests this weekend sprung up across America |
| 1:25.4 | with all 50 states seeing demonstrations against the |
| 1:28.5 | president, the financial turmoil, and those government cutbacks. |
| 1:32.6 | Back with me, R. George, Ed, and Maria Teresa. |
... |
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