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The Warning with Steve Schmidt

Steve Schmidt: Trump Will Have No Legacy

The Warning with Steve Schmidt

iHeartPodcasts

Politics, Government, News

4.61.1K Ratings

🗓️ 6 May 2026

⏱️ 9 minutes

🧾️ Download transcript

Summary

Donald Trump promised his ballroom wouldn't cost the American people any money, but of course, he lied. Steve Schmidt breaks down the new $1 billion budget, Trump's gilded delusions, and promises that all the narcissistic monuments will be torn down.

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Transcript

Click on a timestamp to play from that location

0:00.0

This is an I-Heart podcast.

0:02.3

Guaranteed Human.

0:04.4

Donald Trump would make Marie Antoinette blush.

0:08.3

He is our American Caligula.

0:11.9

Nero, look at what he's done to the Oval Office, outside on the portico, connecting the residents to the West Wing.

0:20.5

All of this, obviously, will need to be torn down.

0:24.5

It's awful. Here is what he did to the Rose Garden. This is a bit of a tour by Jonathan Carl of ABC News.

0:34.1

The changes here in the Rose Garden are rather striking. Obviously the paving of the lawn here happened a while ago.

0:43.3

But we also have these statues.

0:47.3

It does not look like the Rose Garden that I was used to see in for many years,

0:53.3

although we still do have the roses, of course.

0:57.4

Of course, this will need to be dug up, but nothing compares to this.

1:03.3

Trump knocked down the east wing of the White House to build this monstrosity.

1:10.2

And now there's a proposal by sycophant in his

1:15.6

Politburo that used to be a Congress suggesting the American taxpayer pay $1 billion for Trump's

1:25.5

gilded parties. Are you kidding? At the beginning, it was simply a

1:31.0

straight up shadowy corruption deal. The world's richest companies were going to make tribute.

1:37.1

Trump was going to pocket some of it and build the ballroom. Explicitly, the taxpayer wasn't

1:43.5

supposed to be on the hook, but now they are.

1:47.0

It is Wednesday, May the 6th, 2026. I'm Steve Schmidt.

1:53.0

This is the warning.

1:56.0

Here is Carolyn Levin explaining why the ballroom all of a sudden is going to cost you a billion dollars.

...

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