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Bulwark Takes

Trump's Economy Is So Volatile It Might Just Sink Him

Bulwark Takes

The Bulwark

Politics, News Commentary, News, Society & Culture

4.71.1K Ratings

🗓️ 22 May 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

Tim Miller talks the latest developments with President Trump's economic roller coaster.

Watch in full here: https://www.msnbc.com/deadline-white-house

Transcript

Click on a timestamp to play from that location

0:00.0

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0:21.2

walls with my friend Justin Wolfer's who's been, man, awesome, as an economic analyst about what

0:25.8

is happening. I love to having him on the pod last week. And we were talking about this

0:30.3

negotiation on the hill and really the fallout for the negotiation on the hill in the markets.

0:35.5

And we have seen this crash in the Dow today yet again,

0:40.3

and this really uneasy increase in the bond markets

0:45.3

as a result of the Republicans being stubborn about jamming through

0:52.3

this debt bomb, this Frankenstein monster of a bill that is going to

0:58.9

increase the deficit substantially and, you know, create a situation where America is like

1:06.9

a lot of the holders of debt start to become uneasy about whether they're going to get paid

1:12.0

back, which means interest rates start to go up, which is going to have a negative impact on everybody.

1:16.9

So me and Justin kind of talk about like what the impact of this is going to be on regular people

1:22.2

and why we're seeing another market drop today. I want to add to that, that maybe it won't pass. I mean,

1:30.6

I keep saying it is going to because they just have a political, there will be so much political

1:36.3

pressure on the Republicans on the Hill to just do whatever Trump wants that they're just going to do it.

1:41.3

But what you see today is that it's going to be a little harder

1:44.5

than they thought. I mean, they thought that they were going to be able to jam this thing through

1:48.9

today. And I mean, they've barely been any progress. You know, and they're going to be into a situation

1:56.4

where if they do jam it through, they're not even going to give the member's time to read it.

2:03.2

You had Thomas Massey tweeting about this earlier about how major provisions of the so-called

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