VICTOR DAVIS HANSON: Don’t Be A ‘PANICAN' Over Trump's Tariffs, Wall Street

The Daily Signal Podcast

The Daily Signal

News, Government, Politics, Daily News

4.6 • 1.2K Ratings

🗓️ 9 April 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

President Trump remains resolute in his tariff strategy, imposing a 125% tariff on China today and posting “Don't be a PANICAN (A new party based on Weak and Stupid people!)” on his Truth Social account. So, is the recent Wall Street drop rooted in facts—or fueled by fear and manipulation? Victor Davis Hanson breaks down the numbers, the history, and the media narrative behind the current economic anxiety on today’s episode of “Victor Davis Hanson: In His Own Words.” “ First term, Donald Trump, was he an enemy of Wall Street? Is there a better alternative? Did he crash the market? No. The market grew 65% under Donald Trump. “ If it’s not based on data points and it’s not based on what you could infer from his first term and it’s not based on his agenda in other areas or the world scene, what is it based on it? It’s based on panic. It really is. “Part of it is fed by left-wing street theater, media hysterics, which they feel will help their counterparts, their soul mates in Europe, so they can put pressure on Donald Trump.” Don’t miss out on Victor’s latest videos by subscribing to The Daily Signal today. You’ll be notified every time a new piece of content drops: https://www.youtube.com/dailysignal?sub_confirmation=1 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:22.0	Shopify is made for entrepreneurs like you.
0:24.5	Sign up for your $1 a month trial at Shopify.com slash setup.
0:29.9	Is this panic we're watching on Wall Street based on hard data or evidence or experience?
0:35.0	What do I mean by that?
0:35.9	First term, Donald Trump, was he an enemy of Wall Street?
0:38.8	Did he crash the market?
0:40.0	No, the market was 65% under Donald Trump.
0:43.0	He basically repealed the Dodd-Frank Oversight Act.
0:46.4	He deregulated.
0:47.5	He cut taxes.
0:49.0	He simplified.
0:50.2	They loved him.
0:51.1	Is it based on data that we've seen so far
0:53.5	in his first 80 days?
0:55.0	Unemployment?
0:56.0	No, actually the job report came 100,000 jobs more than the government itself had predicted.
1:01.0	So if it's not based on data points, and it's not based on what you could infer from its first term,
1:07.0	and it's not based on his agenda in other areas or the world seeing what is it based on it's based on panic what it really is Hello, this is Victor Davis Hansen for the Daily Signal.
	...

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