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The Peter Schiff Show Podcast

The Trump Show – Ep. 531

The Peter Schiff Show Podcast

Peter Schiff

News, Business, Investing, Business News, Politics

4.65.9K Ratings

🗓️ 6 February 2020

⏱️ 59 minutes

🧾️ Download transcript

Summary

The impeachment trial of Donald Trump ends no real surprise, he was acquitted. The whole thing came down along party lines and was all calculated political theater and posturing for the 2020 election.

But the real theater was during Trump’s State of the Union last night. Trump pitched socialist policies and touted his fake Chinese trade deal. He spoke to Congress for 90 minutes and not once mentioned the national debt. Since Trump took office, trade deficits have increased and manufacturing jobs have decreased. More women are forced to join the workforce due to economic circumstances at home.

If the economy were as good as Trump claims, he’d be calling on congress to cut spending or balance the budget or reduce the size of budget deficits. If you can’t tackle the debt when the economy is in the greatest boom in the history of the world, when can you tackle it? Trump apparently can’t find one program or agency to cut spending on. Instead he just bragged about all the social programs and weapons he was spending money on, not to mention Space Force!

Trump is playing a massive PR game right now.

Rush Limbaugh has cancer.

Liberals are sick.

Pete Budajudge wins the Iowa Caucus disaster.

Sanders wants to give new “Rights” to the disabled.

Markets have recouped from their recent “coronavirus sell-off.”

Ford Motor Company earnings disappoint investors.

GM is still trading where it was 7 years ago.

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Transcript

Click on a timestamp to play from that location

0:00.0

The impeachment trial of President Donald Trump is finally over and to nobody's surprise,

0:15.8

the president was acquitted of the charges against him pretty much along party lines.

0:21.5

There was one exception.

0:23.5

It Romney voted with all of the Democrats to convict Trump on the abuse of power article.

0:31.2

He voted to acquit him on the obstruction of Congress, but he was able to make one vote

0:37.6

against the president.

0:39.0

But look, this whole thing obviously came down along party lines.

0:43.5

I don't really think either party gave a damn about whether Trump was guilty or innocent.

0:49.3

I think all of the decisions both to impeach Donald Trump and then whether to convict him

0:54.6

or acquit him.

0:55.6

I think these are all calculated political decisions that are being made by the parties.

1:01.2

And it should annoy Americans that this political theater is going on, that all of this is about

1:09.1

gamesmanship and partisan posturing for an election that's coming up.

1:16.1

Personally, I don't think the Democrats made the case to impeach the president or that

1:22.8

he should be removed for office.

1:24.9

But I don't think they even cared.

1:26.6

I just think that this was a democratic strategy, but I do believe they made a stronger case

1:32.8

given how popular President Trump is at the moment among Republicans.

1:38.8

I don't think they would have removed him from office.

1:42.3

Now if Trump was less popular, if he was unpopular, let's say, if the economy looked

1:51.4

weak to the Republicans, if the stock market was much lower, then it might have been a

1:57.3

different story.

...

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