“I don't know why that shocked the shit out of anybody because Donald Trump does first off, a strong woman and a strong black woman, oh hell no. That is not what Donald Trump want.”
Michael Steele
0:28Former RNC Chair Michael Steele argues that Trump has done the one thing even his allies assumed he wouldn't — deliberately torpedo the U.S. economy — with tariffs, rising Treasury yields, supply chain disruptions, and spiking costs hitting small businesses before most Americans have even felt the full impact. Steele and host Tim Miller contend the damage is still in its early stages, with lagging indicators set to hit hard in summer and fall, while Congress burns its remaining legislative leverage on trans sports bans and mail-in voting restrictions instead of any affordability relief. Listen if you want a clear-eyed, plainspoken breakdown of *why* the economic pain is structurally worse than it looks right now — and what the 30-seat state legislative losing streak signals about where Republican political support is actually headed.
Tim Miller and Michael Steele discuss their consistent warnings about Donald Trump, reflecting on the current state of the Republican Party and the nation. Steele criticizes the party's leadership for sacrificing the nation for 'grift, graft, and culture war,' while Miller highlights Trump's history of business failures and the impending global economic shock.
“I classify him as the PT Barnum of our day. He knows you're a sucker and he plays you for one, and you allow it to happen. You see it happening in front of you, you see what he's doing and you're like, yeah, I want that.”
Uses a powerful historical analogy to characterize political manipulation and suggests public complicity in being misled, making it a highly provocative and shareable critique.
“At the end of the day, I put it on us. Because they are a reflection of who we are, the American people.”
This quote shifts the blame for political outcomes from leaders to the broader populace, provoking thought on collective responsibility and societal values.
“Christine Lagarde this morning... said this: 'We're facing a real shock that's probably beyond what we can imagine at the moment.' She thinks that the markets have not even come close to pricing in the damage that's coming and that the cost of goods globally is going to skyrocket.”
Delivers a stark warning from a top financial authority about impending global economic shocks and rising costs, directly impacting business planning and investment strategies.
“There's never been anything in Trump's business model that says success. He wasn't a developer; he was a guy who put his name on other people's shit.”
Offers a provocative re-evaluation of a famous public figure's business acumen, challenging widely held perceptions of success and branding in entrepreneurship.
“Where do you think we're going to be in the fall? Because all of those are lagging indicators. This isn't real right now. This is all stuff that's going to be coming home to roost in two, three months, in the next quarter, in the next two quarters. That's where you're going to run into the shock.”
Educates listeners on the delayed impact of economic events, urging foresight and strategic planning for impending financial shocks relevant to businesses and investors.