4.8 • 784 Ratings
🗓️ 6 November 2025
⏱️ 9 minutes
🧾️ Download transcript
Despite Trump's constant remarks about the great state of America's economy, the reality of the situation is dire. Steve Schmidt looks at the state of the American economy and why Trump's lies will have a terrible impact on our country.
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| 0:00.0 | This is an IHeart podcast. |
| 0:04.1 | It is Thursday, November 6th. |
| 0:06.6 | This is the warning. |
| 0:09.2 | And the American economy is melting down. |
| 0:12.1 | But the good news is Trump has learned a new word. |
| 0:15.8 | It's a big one. |
| 0:16.8 | It's affordability. |
| 0:18.3 | And the country is doing very well. |
| 0:19.9 | But as Republicans, you have to talk about it. Because if you don't talk about it, you know, I saw that they kept talking about affordability. Well, Biden was a disaster with affordability. He had the highest inflation rate in the history of our country, but you have to talk about it. It's no good if we do a great job and you don't talk about it. And I don't think they talk about it |
| 0:37.6 | enough. You know, they have this new word called affordability and they don't talk about it enough. |
| 0:41.5 | The Democrats did. And the Democrats make it up because we took over a mess. |
| 0:48.4 | Now, it's not something that Donald thinks about very often, at least not in the context of the way that normal |
| 0:55.5 | Americans do. Donald thinks about affordability in increments of hundreds of millions of dollars |
| 1:01.5 | in cash and billions in Bitcoin. But in any rate, let's watch Donald connect to the concerns of the |
| 1:09.9 | average Americans who just repudiated him and his |
| 1:13.9 | sick maga party from coast to coast by mentioning the presence of a beautiful, you guessed it, |
| 1:21.5 | Saudi princess in the audience. |
| 1:24.0 | What's happening? |
| 1:24.6 | Grocery prices are way down in Walmart. Walmart just announced that the cost of their standard, Thanksgiving meal, this is the greatest. They're greatest, they're wonderful. They come out every year with how much is the thanksgiving meal cost compared to last year, right? And it always goes up, up, up. |
| 1:44.4 | It's 40%, 30% more. |
| 1:47.2 | Is 25% lower than one year ago. |
| 1:50.4 | Isn't that great? |
... |
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