3/11/25: Trump recession dominates, Elon destroying everything

The David Pakman Show

David Pakman

Government, Republican, Progressive, Senate, Tdps, Pacman, Congress, House, Davidpakmancom, Political, Packman, United, Television, Democrat, Conservative, Pakman, White, Politics, Pacifica, News, Entertainment, Dave, Radio, David, Liberal, America, States, President

4.6 • 2.8K Ratings

🗓️ 11 March 2025

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

-- On the Show:

-- Ruth Ben Ghiat, internationally acclaimed historian, speaker, and political commentator, joins David to discuss America's worrying descent into fascism under Donald Trump

-- The stock market continues to tumble over Donald Trump's trade war and broader economic uncertainty

-- Tesla stock continues to plummet, losing over half of it's value since December

-- Bernie Sanders exposes Donald Trump and Elon Musk's plan to destroy the working and middle classes for the benefit of the rich

-- Donald Trump is using the short stairs on Air Force One, which was considered a warning sign under Joe Biden

-- Donald Trump is buying a Tesla in a desperate attempt to help out Elon Musk

-- Elon Musk talks about "white replacement theory" in an interview gone wrong

-- Robert F. Kennedy Jr. talks about making American healthy again while at a Steak 'n Shake

-- On the Bonus Show: US added to civil rights watchlist, Texas bill would make identifying as transgender a felony, British Columbia bans US alcohol at government stores, and much more...

📜 Trust & Will: Save 10% on your estate planning at https://trustandwill.com/pakman

🧽 Blueland: Get 15% OFF sustainable cleaning products at https://blueland.com/pakman

✉️ StartMail: Get 50% OFF a year subscription at https://startmail.com/pakman

🩳 SHEATH Underwear: Code PAKMAN for 20% OFF at https://sheathunderwear.com/pakman

-- Become a Member: https://davidpakman.com/membership

-- Become a Patron: https://www.patreon.com/davidpakmanshow

-- Get David's Books: https://davidpakman.com/echo

-- TDPS Subreddit: http://www.reddit.com/r/thedavidpakmanshow

-- David on Bluesky: https://davidpakman.com/bluesky

-- David on Facebook: http://www.facebook.com/davidpakmanshow

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the show.
0:07.0	It gives me zero pleasure to have to report to you today that the Trump economy is collapsing before our eyes and the numbers don't lie. Wall Street is in a free fall. Layoffs are starting to surge.
0:27.1	Consumer confidence has cratered. Inflation has ticked back up. Yet again, as I record this, the Dow is down another 400 points.
0:40.2	Even Donald Trump's favorite metric is, I'm talking about the stock market, is looking
0:46.6	like a slow motion train wreck.
0:49.7	And the kicker is that it's because of Trump and it's because of Elon Musk.
0:55.7	Yesterday Monday saw one of the worst stock market drops in a long time.
1:02.0	The Dow at one point was down a thousand points.
1:04.9	This is after being down 700 points the day before, you know, weekend last week.
1:10.6	The NASDAQ tanked 4.2 percent.
1:14.4	Its biggest single day declines since 2022.
1:19.0	The S&P 500 broke below what's considered a critical support level for the first time
1:25.1	in two years.
1:25.9	And even the mega corporations that Trump once paraded
1:29.8	as signs of a strong economy, they're not doing well. Apple led by Tim Apple. That's a joke. Microsoft,
1:39.8	Alphabet, Amazon, Nvidia, meta, plunging, Tesla, down 15% in a single day.
1:49.3	We'll talk more about Tesla in a moment.
1:52.4	These are some of the biggest drops in years wiping out hundreds of billions of dollars
1:59.1	of my market value. And and why Trump's economic chaos
2:04.0	the tariff obsession is here and it is back and it is staying and the damage is showing
2:10.3	the threats to Canada to Mexico to China they have investors panicking businesses
2:16.1	can't plan.
	...

Transcript will be available on the free plan in -19 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from David Pakman, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of David Pakman and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.