Steve Schmidt: Trump Is a TOTAL Flop
The Warning with Steve Schmidt
iHeartPodcasts
4.6 • 1.1K Ratings
🗓️ 27 March 2026
⏱️ 9 minutes
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Summary
Trump's approval is cratering at 36%, the Iran war enters its second month with no end in sight, and gas prices keep climbing while he tells America the economy has never been better. Steve Schmidt delivers his verdict on a week that proves Trump is losing on every front.
Today's Merch: NO KINGS!
https://thewarningwithsteveschmidt.com/collections/down-with-the-king
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Transcript
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| 0:00.0 | This is an IHeart podcast. |
| 0:02.3 | Guaranteed Human. |
| 0:04.1 | It's Friday, March 27th. |
| 0:06.4 | I'm Steve Schmidt. |
| 0:07.4 | And this is the week in review. |
| 0:09.8 | This is the warning. |
| 0:12.5 | The first story of the week is the story of the economy. |
| 0:16.2 | And the economy is in trouble. |
| 0:19.4 | Gas prices are rising quickly. The national debt is surging. |
| 0:25.3 | Trillions of dollars in recent months. Some say it is the greatest threat to our long-term security. |
| 0:33.5 | You posted this tweet just yesterday or earlier today. |
| 0:38.3 | Our debt is our national security crisis. |
| 0:40.3 | No foreign army threatens America like our own reckless spending does. |
| 0:46.3 | Washington refuses to say it, I will. |
| 0:49.3 | The debt is now over $39 trillion. |
| 0:52.3 | Is this hopeless? |
| 1:00.8 | Well, the thing is, is the current war makes it worse. We're spending about $1 to $2 billion a day. |
| 1:05.3 | My prediction is within the next month or two, there'll be a request for a military supplemental. |
| 1:11.7 | They've already said that they'll need $50 to $100 billion for the military, but while they're at it, while they're printing the money and handing it out, the farmers need 20 to 25 billion because the tariffs are |
| 1:16.1 | hurting them. Rather than, you know, reduce the tariffs that are hurting them, we're going to give |
| 1:21.1 | the farmers 20 to 25 billion. Trump denies the gas prices. He denies the debt. And Donald Trump says, this is the best the American economy has ever been. |
| 1:35.4 | So in just a few moments, Treasury Secretary Scott Besson will discuss the actions that were taken to address energy prices, which have not gone up as much as I thought, |
... |
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