Michigan Lieutenant Governor Garlin Gilchrist on Trump Economic Disasters
The MeidasTouch Podcast
MeidasTouch Network
4.9 • 56.4K Ratings
🗓️ 4 August 2025
⏱️ 13 minutes
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| 0:00.0 | Hey, Anna, I've got a new secret weapon for print. |
| 0:02.2 | Print. |
| 0:02.9 | Vista print, right? |
| 0:04.0 | That's not a secret. Print everything for your business with Vista print. Business cards, stickers, t-shirt, signage, even photo books from your last holiday. If you need it, we print it at vistoprint.co.uk. A stunning admission was just made by Donald Trump's top economic advisor, this guy, Kevin Hassett, by the way, who's basically |
| 0:22.5 | been wrong about everything in his entire life when it comes to the economy, going back to the |
| 0:28.1 | dot-com bust in 2000. But he was on CNBC this morning, and after saying over the weekend that |
| 0:34.3 | we can't trust the job report numbers and that it was the right thing to do |
| 0:38.9 | to fire the Bureau of Labor Statistics Commissioner. He's now kind of changed his tune. And he's like, |
| 0:44.8 | we didn't expect it. It seems like the job market is slowing. It's an interesting admission from |
| 0:49.9 | this guy because he usually doesn't concede anything like this. And he's usually one of Trump's |
| 0:54.5 | chief propagandists. Here, watch this. Just the market seemed to believe the revisions in, |
| 1:00.5 | in the numbers more than they believe the original numbers. That's why you saw bond yields tumble on |
| 1:05.5 | Friday. Are you in agreement with that? Do you think we are starting to see a real slowdown in |
| 1:10.6 | the jobs market? |
| 1:12.0 | Yeah, I think the jobs numbers were slower than we expected. I think that one of the explanations |
| 1:18.0 | for revisions is they have more complete data. And so I think it is likely that the revisions |
| 1:23.1 | are a better read of the data if the data are not being manipulated. And so, yeah, I would say that it's a little bit weaker. |
| 1:30.3 | But don't forget, this is before the Big Beautiful Bill is really kicking in. |
| 1:34.3 | And so with our eyes on the horizon, we're highly optimistic about the future of this economy. |
| 1:38.3 | We've got the Big Beautiful Bill, we've got expensing of factories, got no taxes on. |
| 1:43.3 | Okay, now the Big Beautiful Bill, which is a big disastrous bill, we've got expense to get factories, got no taxes on. Okay, now the big beautiful bill, which is a big disastrous bill, that's really going to attack |
| 1:49.7 | health care industry, social services, which was actually the only two areas where there was |
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