The Daily Blast: Trump Ballroom Fiasco Takes Bad New Turn as Economic Data Gets Brutal

The DSR Network

Chris Cotnoir

Government

4.5 • 1.9K Ratings

🗓️ 30 October 2025

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

The economic news is getting worse. Major companies are announcing mass layoffs, and it’s dominating the headlines, including in the Rust Belt. Food stamps are about to expire for millions. And new info shows how Obamacare premiums will soar due to lapsing subsidies. That backdrop of bad news makes President Trump’s tearing down of White House structures to build a gilded ballroom even more damaging. Indeed, new polling shows that the ballroom fiasco is now stirring a surprising public backlash. On top of that, commentators are noticing the disconnect between the ballroom optics and the darkening economic situation for millions, a dynamic that will only worsen. We talked to Elizabeth Pancotti, who tracks economic sentiment as managing director of the Groundwork Collaborative. We discuss what the economic news means, why the media should level with voters about Trump’s out-of-touch displays, and how Democrats in key races are seizing the economic high ground. Looking for More from the DSR Network? Click Here: https://linktr.ee/deepstateradio Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:25.6	If you need it, we print it at vistoprint.co.
0:28.6	.
0:29.6	This is the Daily Blast from the New Republic, produced and presented by the DSR Network.
0:46.5	I'm your host, Greg Sargent.
0:59.0	The economic news is suddenly getting worse.
1:02.6	A number of major companies are announcing mass layoffs.
1:06.8	Food stamps are about to expire for millions amid the government shutdown,
1:12.5	and we just learned that health insurance premiums will soar when Obamacare subsidies end.
1:19.5	Amid all this, Trump delivered a bizarre rambling boast about the economy, claiming laughably that he's created a record number of jobs. Meanwhile, there are new signs that Trump's plans for a
1:25.4	glittering ballroom are backfiring badly with the public.
1:29.4	It's often said that Trump is dipping on the economy, but we think this could run even deeper
1:34.1	than it appears. What if he's widely perceived as totally out of touch on it as well?
1:39.4	We're unraveling all this with Elizabeth Pankati, who tracks economic sentiment with the
1:43.6	Groundwork Collaborative, where she's the managing director. Liz, thanks for coming on. Thanks, so all this with Elizabeth Pankati, who tracks economic sentiment with the groundwork collaborative,
1:44.8	where she's the managing director. Liz, thanks for coming on. Thanks so much for having me.
1:49.5	So we've got tens of thousands of layoffs at companies like Amazon, UPS, Target, Paramount,
1:55.9	Skydance, and more. The food stamps are expiring. We just got all this new information about how much health
	...

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