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Belle of the Ranch

Let's talk about Trump's shutdown, the economy, and the disconnect....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 5 October 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Let's talk about Trump's shutdown, the economy, and the disconnect....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there, Internet people, it's Bell again.

0:05.0

So today, we're going to talk about Trump's shutdown, the economy, and the disconnect.

0:13.0

It's been a bad few days for economic news, and it highlights the growing disconnect between the actual economy and the perception of it by those on the top.

0:24.6

Okay, so first we have Trump's shutdown.

0:28.6

Republicans, despite having majorities in both houses, refuse to fix the one big broken bill and its impacts on working class Americans. So now we're in a

0:40.2

shutdown. The last government shutdown caused $11 billion in economic damage. Three billion was never

0:48.4

recovered. If Trump follows through with his mass firing threats, the economic damage from this shutdown

0:55.7

will be immense. He'll make a bad problem worse, because it isn't just those people being fired

1:02.7

who lose out, but all of the businesses they shop at. Then we have the payroll company ADP

1:10.5

releasing their jobs numbers.

1:12.6

It suggests that U.S. private sector businesses lost 32,000 jobs in September.

1:19.6

Even worse, the previous month was downwardly revised into the negative as well.

1:25.6

ADP's chief economists said, quote,

1:29.2

in fact, though the numbers changed,

1:32.4

the story and the narrative and the trend remain the same.

1:36.6

Hiring momentum has slowed from the beginning of the year through September.

1:42.3

That's bad economic news,

1:50.0

especially when Trump is threatening to compound the problem by firing government workers. It's even more unsettling because government numbers won't likely be coming because of the shutdown.

1:58.0

Then we have the price of gold. Investors use gold as a safe haven.

2:04.5

When the price of gold goes up, it's generally bad news for the economy as a whole. Gold hit a record

2:12.9

$3,858.458. And 45 cents per Troy ounce.

2:19.8

Trump slapped more tariffs on lumber and on cabinets.

...

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