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The Last Word with Lawrence O’Donnell

Lawrence: Trump is gleefully taking billions from you and everyone in the United States

The Last Word with Lawrence O’Donnell

NBC News

Policy, Msnbc, Politics, President, Washington, Congress, Government, Senate, News

4.45.9K Ratings

🗓️ 11 March 2025

⏱️ 38 minutes

🧾️ Download transcript

Summary

Tonight on The Last Word: Ontario imposes a 25% tax increase on electricity exports to the U.S. in response to Donald Trump’s trade war. Also, Elon Musk attacks Sen. Mark Kelly’s visit to Ukraine. Plus, a federal judge partially blocks Trump from defunding USAID. And The New York Times reports a Justice Department official was fired after opposing restoring Mel Gibson’s gun rights. Sen. Amy Klobuchar, Sen. Adam Schiff, and Andrew Weissmann join Lawrence O’Donnell.

Transcript

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0:00.0

Well, Elon Musk experienced the seventh worst day of his life today with the stock market crashing

0:06.4

on fears of a Donald Trump-caused recession, which Wall Street is calling the Trump session.

0:13.5

Getting a recession named after you as president is not easy.

0:19.7

It usually is not so clear, not an absolute straight line of

0:23.7

causation from presidential policies to a recession. And so no one called any of the recessions

0:30.8

of our lifetimes a president recession, a Bush recession or a Reagan recession or, you know, none of that.

0:42.1

They didn't try to do that with the name of any other president during our lifetimes.

0:47.9

Of course, there were no recessions under the last three Democratic presidents, President Biden, President Obama, President

0:55.2

Clinton, Donald Trump has failed miserably in his attempt to blame what even he suggests

1:01.6

may be a looming recession on President Biden, who handed Donald Trump the highest performing

1:07.7

American economy in history and the highest performing stock market in history.

1:14.5

And during the Trump presidency, just these last few weeks, consumer prices have gone up and stock

1:21.2

prices have gone down, way down. CNBC reports on Friday, Tesla wrapped up a seventh straight week of losses, its longest

1:29.6

losing streak since debuting on the NASDAQ in 2010. The stock has fallen every week since

1:37.3

CEO Elon Musk went to Washington, D.C., to take on a major role in the second Trump White House

1:43.5

since peaking.

1:44.4

At 479-86, on December 17th, Tesla shares have lost more than 50% of their value,

1:54.2

wiping out upward of $800 billion in market cap.

1:58.8

Monday marked the stock's seventh worst day on record.

2:06.0

Elon Musk has publicly confessed to using ketamine to get through emotionally difficult times.

2:15.5

Donald Trump made the mistake in an interview this weekend that no other president

2:19.4

has made. He essentially predicted a recession is coming. Are you expecting a recession this year?

...

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