Trump Loses it as his Own Team Massacres Him!!

The MeidasTouch Podcast episode highlights Fox News coverage of deteriorating U.S. economic indicators under the Trump administration, contrasting it with administration officials' optimistic spin. The host argues this data reflects a "great recession or depression" for most Americans, driven by uneven wealth distribution, while Fox hosts acknowledge public struggles despite their pro-Trump leanings.

Record-Low Consumer Sentiment and Rising Deficits

Fox News reported the University of Michigan consumer sentiment index hit a record low of 48.2 in May, down from expectations of 49.5 and marking the third straight decline and second record low. Inflation rose 4.5% over the year. Hosts noted a projected $2.1 trillion deficit for fiscal year 2026, up from $1.8 trillion the prior year, with federal debt continuing to climb unsustainably per Treasury data and the president's budget. The host ties this to Trump's first term, which added 30-35% of total U.S. debt—more than most prior presidents combined—through measures like PPP loans that funneled money to the wealthy, contributing to inflation.