3.7 • 11.6K Ratings
🗓️ 1 August 2025
⏱️ 43 minutes
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0:00.0 | Hot here and around the country, especially in the South, about 98 where I live 100 plus in New York City. |
0:25.9 | I'm going to relocate tomorrow out to eastern Long Island by the ocean. |
0:29.7 | It's 15 degrees cooler out there than here. |
0:33.5 | And there you have the no-spin weather forecast. |
0:36.1 | Sounded like David Muir on ABC. |
0:37.4 | We'll get to him in a minute. The Talking Points memo is on this tariff success that Donald Trump is having. |
0:43.3 | Could be temporary. Okay, no euphoria. Stock market has not responded. |
0:49.3 | It's kind of flat this week, maybe down a little bit. |
0:53.3 | But the president took a gamble in April, and it has paid off so far. |
1:00.3 | I think that's fair and accurate. |
1:03.0 | All right, so this year alone, the United States government has generated $125 billion from tariffs. Now, that money goes into the |
1:15.5 | U.S. Treasury. I'll explain in a moment. This is up 131 percent from the same time last year under |
1:22.6 | President Biden, who did not care at all about the trade deficit. Never looked at it, never examined it. |
1:31.0 | He was second worst president ever and ignored most of the problems. Then the trade deficit |
1:36.9 | is a problem. Okay. So we call the Treasury Department and they wouldn't even respond to us. Nice, right? |
1:46.6 | Boy, oh boy. Those bureaucrats in Washington, hmm. Anyway, we did our own investigation. |
1:53.6 | And all of the money so far has gone into the general fund, which can be used for anything. |
1:59.6 | The Trump administration wants it to be used for. It's not |
2:02.8 | going to pay down the debt at this moment. I hope it will. And I am going to go on a little campaign |
2:11.5 | to embarrass certain people to get some of this money to pay down that $37 trillion debt because it's |
2:20.8 | mounting and mounting and mounting. Look, this is going to go into the trillions that the |
2:26.6 | United States is going to get from foreign nations trying to sell products here. So why not |
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