3/4/25: Economic freefall as tariffs start, border numbers completely fabricated

The David Pakman Show

David Pakman

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4.6 • 2.8K Ratings

🗓️ 4 March 2025

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

-- On the Show:

-- Congressman Jake Auchincloss (D-MA) joins David to discuss the trajectory of the Trump economy, the future of Social Security and Medicare, and much more

-- Another downward GDP revision from the Atlanta Fed as Donald Trump's tariffs take effect and the economy appears to be on a clear downward trajectory

-- Donald Trump crashes the stock market with his new tariffs

-- Serious health fears grow about Donald Trump as his strange gait and limp become increasingly pronounced

-- Donald Trump has halted all aid to Ukraine in a major gift to Russian President Vladimir Putin

-- Social Security payments are facing disruption under Donald Trump and Elon Musk's DOGE interference

-- The Trump administration is caught pathetically and obviously lying about border crossing numbers

-- On the Bonus Show: Trump supporters lose $12 billion as his cryptocurrency collapses, US Customs cracks down on egg smuggling as prices soar, Andrew Cuomo attempting political comeback in running for NYC Mayor's race, much more...

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Transcript

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0:00.0	Welcome, everybody.
0:08.0	We have another GDP decline projection.
0:11.6	The economy is starting to crumble.
0:15.0	Stocks are in the toilet and Trump doesn't seem to care.
0:19.2	I hope you'll join me tonight for a live stream of the State of the Union address.
0:23.3	We'll be hearing from members of the House and Senate.
0:25.9	I'll have pre-speech coverage and post-speech coverage, maybe even an opportunity for you to call in.
0:31.4	All of it will start at 8 p.m. Eastern on YouTube, Twitch, and Facebook.
0:35.8	Hope to see you there.
0:37.2	State of the Union, 8P East, 5P, West.
0:42.6	Also, thank you to everyone who keeps subscribing to the podcast on Apple and on Spotify. Over on Apple,
0:50.6	we have now reached Spot 53. Among all news and politics show, we have now reached spot 53 among all news and politics show.
0:56.7	We just beat out Michael Knowles that disgusting and despicable extremist.
1:03.0	And hopefully we will continue on up.
1:04.9	So remember, no matter where you watch, you can subscribe to the podcast.
1:07.9	It's free.
1:08.9	Spotify, Apple really helps us. Listen, economic growth projections
1:13.5	are collapsing. Donald Trump has enacted tariffs. Every sign is pointing to a crumbling economy,
1:22.1	and Donald Trump does not care. Now, yesterday I brought to you the unfortunate news that the Atlanta Fed has a new
1:31.2	GDP projection and it went from the expectation of about 2% growth after Q1 of this year down to
1:39.2	a reduction in GDP of 1.5%. Well, Donald Trump, with the new tariffs that are enacted today, the counter tariffs from China
1:50.0	and elsewhere, and other negative factors, the Atlanta Fed has reevaluated and now has issued
	...

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