Trump RAGES As His Own Party ENDS HIM

So Donald Trump just had a really humiliating past 24 hours because a number of different members of his own party have turned on him. And I said this on the show the other day, when his own party turns on him, it's even more embarrassing than when the Democrats oppose him because he expects the Republicans to be in line with him 24-7, 100% of the time to defend everything he says, defend everything he does. And when they step out of line, he gets especially grumpy. And that's exactly what happened over the past day. And he is not happy about it. So I'm going to break it all down. We're going to talk about all of it. Please make sure to subscribe down below, drop a like on the video, comment. Let me know what you think about this story. And we have to start with this. The Fed chair, Warsh, took a move that Donald Trump did not like. He raised interest rates because inflation is still high in the United States. It is still stubborn because of Donald Trump's economic policies, specifically the tariffs. And when he was announcing that they decided to raise interest rates, he kind of called out Donald Trump's inflation failures pretty directly. Take a look at this clip. So the labor side of the Fed's congressional remit is in good shape. Yet for more than five years, inflation has been running above target. So our predominant focus is on the price stability side of our mandate. The plain fact is that inflation is too high and has been for too long. This summer's inflation readings do not tell me that underlying trends have meaningfully improved. Based on the most recent CPI and PPI data, the 12-month change in total PCE prices likely was around 3.6% in August. Core PCE and CPI prices running at about 3.2% and 2.4% respectively. Too many categories are still posting increases above 3% on both a six- and 12-month basis. I noted in Jackson Hole. I noted in Jackson Hole that overall commodity prices also bear watching. And over the intermeeting period, the prices of many of these key inputs have risen. Yeah, and this is a guy that Donald Trump thought would be like one of his lackeys, like just basically a rubber stamp at the Federal Reserve to just do whatever he wants. Because, you know, Trump had a lot of problems with Jerome Powell. He thought the interest rates were too high and he was trying to sabotage him. Despite the fact that he appointed Jerome Powell, that's besides the point. He thought that war. Marsh was going to be, you know, his guy. And so Donald Trump seeing this news has really upset him. He also said on social media because of this news, interest rates in the United States should be 1% or less, which is stupidity, because we are the best credit in the world by far. Our country is booming with new investment. If we stop trading with every country that we have a deficit with, which is most of them, we would make at least $1.5 trillion a year, which is, of course, just complete nonsense, to put it mildly. And he's threatening to end trade. With a bunch of countries. So, OK, the word deficit is nothing more than a fancy word for loss. We are carrying almost every country in the world, and that cannot go on any longer. Lower the interest rates for the United States of America and fast. And that is the exact opposite of what the Federal Reserve did. And Warsh was actually asked about this question. The president sent out a message essentially threatening to cut off trade to certain countries unless rates were lowered. What would you say to investors who sort of believe that this is another test of the Fed's independence? And he gave an answer that Donald Trump. Did not like even a little bit. Chairman Zach Kalashak, the Washington Examiner. I'm just curious. A couple of weeks ago, the president sent out a message essentially threatening to cut off trade to certain countries unless rates were lowered. Obviously, an unanimous decision to do the opposite. What would you say to investors who sort of believe this is another test of the Fed's independence? And then kind of when was the last time you spoke with the president? Do you anticipate a post-decision meeting or? You gave me a long menu from which to choose. They're all very tempting. Um, I don't have. I don't have anything for you on discussions with the president, and I'm not a Wall Street newsletter. Um, part of the independence of the Federal Reserve is we stay in our lane. Independence is a two way street. We'll let people that do trade policy and fiscal policy stay in their lane, too. That's how we can stand up here and call them the way we see them. Wow. I thought it was pretty interesting how he laughed when Donald Trump was brought up, which, you know. Maybe there's some animosity there. I imagine probably so being the Fed chair under Trump as he tries to sabotage literally every part of the economy certainly cannot be easy. But of course, you still have Republicans like Mike Johnson. This podcast is supported by Anthropic, the public benefit corporation behind Claude. Everyone's got a hard question about AI, your job, your kids, where it's going. Anthropic was built to surface those questions and share what it finds along the way, because there's hope in hard questions. Ask yours at claude.ai/spotify and keep thinking that's claude.ai/spotify who are playing defense for Donald Trump. I mean, he just gave House Republicans a big fat vacation. I'm not. This is crazy. House Republicans are clocking off until after the midterm elections. So Congress will not be in session again until after the midterm elections. They just get like, what, a month and a half break for no reason. It's crazy. They, they're getting taxpayer dollars during this time. They're clocking off until after the midterm election, canceling Thursday's vote and state and staving off an impeachment vote against Pentagon chief Pete Hegseth, which looked like it had some numbers behind it. Really. Speaker Mike Johnson had already scrapped two full weeks of the September session, leaving lawmakers with just four days of scheduled legislative work before the election, which is crazy. Congress should be working. They don't do anything like genuinely under Mike Johnson. They just take all the time and effort to get it done. They just don't have enough time. They don't have enough time to get it done. Very rarely, but in this instance, a couple of them did. Trump was humiliated by this growing Republican Party revolt. Check this out. Seven congressional Republicans, seven, have broken with Donald Trump to call on the president to end the war on Iran. In a 220 to 204 vote on Tuesday, the House approved a wars power resolution calling for an end to all further military action in the Middle East without congressional approval. Donald Trump has raged about this on social media before. And so I imagine there might be another post on Truth Social coming soon. Seven representatives that are Republicans, you had Thomas Massey, Nancy Mace, Brian Fitzpatrick, Warren Davidson, Tom Barrett and Iowa's Marionette Miller Meeks and Zach Nunn joined all present Democrats in backing the resolution. This is the third time the House has voted to call on Trump to end his war. In the previous effort in July, only four Republicans backed the measure in the latest sign that the GOP is becoming increasingly aware of just how politically poisonous Donald Trump's. Conflict could be come the midterm election. So you have the Fed chair bucking him. You have individual representatives like Thomas Massey calling out Mike Johnson, calling out Donald Trump on the House floor. And you have seven Republicans saying you've got to end this war even more joining than they did before, which is saying something. It goes to show you that these people know exactly how things are looking for them. Will they change? Will Donald Trump change? The answer is no. We know that. But they're certainly trying. These were for these representatives to maybe save their own campaigns. I don't know. But anyway, I will leave the video there. Thank you so much for watching. Please make sure to subscribe down below. Drop a like on the video. Comment. Let me know what you think about the story and everything we just talked about. Have an amazing rest of your day. We just moved into our new house and I didn't realize just how close we were to the neighbors. That's when my friend told me about Blinds.com. 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