Trump CAPITULATES To Wall Street & Backtracks On Tariffs!
Donald Trump stunned markets Wednesday with another quick pivot on trade, announcing he would authorize a 90-day pause on his reciprocal tariff plans for all countries except China. "They were getting a little bit yippy, a little bit afraid," he said Wednesday, referring to the market unrest that unfolded following his "Liberation Day" tariff announcement a week ago. Jimmy and guest host Aaron Maté discuss whether Trump is playing multi-dimensional chess with his tariff policy or is merely caving to concerns of the bond market. Plus segments on Trump taking credit for the rebounding stock market after announcing a 90-day reprieve on most of the tariffs, leaked audio from AIPAC’s CEO boasting about the organization’s “access” to top Trump officials, Benjamin Netanyahu pushing the “Libya Solution” for Iran, and Trump and Pete Hegseth boasting about the United States’ first ever TRILLION-DOLLAR defense budget.
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Here's the headline.
Trump announces pause in reciprocal tariffs for all countries but China.
And as he did that, the NASDAQ soared.
It's best day since 2001 after Trump pauses some tariffs.
And what he basically announced is that while he's increasing tariffs on China, he's going to impose a 90-day pause on the tariffs for the rest of the world.
And at the White House, this is how Trump explained his move.
A couple hours later, there was a pause put in on the tariffs.
Can you walk us through what you're thinking about why you decided to put a 90-day pause?
Well, I thought that people were jumping a little bit out of line.
They were getting yippy, you know, they were getting a little bit yippy, a little bit afraid, unlike these champions, because we have a big job to do.
No other president would have done what I did.
No other president.
I know the presidents.
They wouldn't have done it.
It's just fun.
He can't help but be comical.
He's like, he's just a comical figure.
Everything he says is like a guy doing an impression of him, but it's actually him.
That's funny.
I know the presidents.
I know all of them.
People are getting yippy.
So why do you think he did?
Why do you think he did that?
Is it because he was afraid that the stock market was going to crash and he didn't want that to happen under his watch?
That's what he basically said.
Let's go to this clip.
I was watching the bond market.
The bond market is very tricky.
I was watching it, but if you look at it now, it's beautiful.
The bond market right now is beautiful.
But yeah, I saw last night where people were getting a little queasy.
I think everything had, well, the big move wasn't what I did today.
The big move was what I did on Liberation Day.
We had Liberation Day in America.
We're liberated from all of the horrible deals that were made.
So he talks about people getting queasy in the bond market.
He's talking about people like Bill Ackman, the billionaire Trump supporter, who was very against the tariffs.
Elon Musk was also against these tariffs.
And yeah, that's what I think it was.
You know, he saw that some of his biggest supporters and wealthiest supporters were getting queasy and he backed down.
So I find a couple of things interesting about this whole tariff conversation is that for my whole life, the left has said Wall Street is not the real economy.
And we're sick and tired of policies that just bump up the Wall Street, but leave Main Street behind.
And so the whole point of these tariffs was to help Main Street at the detriment to Wall Street.
And in fact, I had some economists DM me saying that when the stock market crashes, that's a transfer of wealth from the rich to the poor.
And I haven't heard anybody else put it that way.
And now I'm not an economist, right?
So I don't know if that's true or whatever, but I do know that the left has completely flipped on what they just like everything that if Trump's for it, they're against it, right?
And so they were against open borders until Trump was against them, and then they were for him.
Now they were against free trade agreements.
They were against NAFTA.
They were against Obama when he had the TTP.
They were against all that stuff.
And then Trump comes in and he actually does something.
And then they all flip.
They all freaking out about the Wall Street.
They're freaking out about, all right, what are the other, but other governments' economy?
Who cares?
So, and here's the thing that I think I haven't heard anybody else make this point is that it's not like there's another competing idea to help rebuild the manufacturing base in the United States.
There's not another, there's not another competing idea.
If there was another idea out there that someone could put forth that was better than Trump's idea on tariffs, I would say, well, let's have it out.
Let's have this discussion.
And then I've seen other people who like Jeffrey Sachs, who I'm a huge fan of, huge respect for him.
But I saw him on with Judge Napolitano, and he talked about what happened to the manufacturing base in the United States was that it was automation.
Well, that's certainly a part of it.
But he's overlooking NAFTA.
He overlooked that.
He's overlooking all the free trade agreements.
He's overlooking what happened in Seattle in 1999.
He's overlooking the tax breaks that corporations get for offshoring jobs.
We've offshored all our jobs.
That's the problem.
And he didn't.
I was kind of very disappointed that he didn't mention that.
And people just seem to almost be rewriting history about how we got to this point economically with the hollowed out middle class and the manufacturing base of the United States.
So have you heard anybody else have a competing plan to what Trump was offering?
Well, that's the thing, right?
I mean, I'd agree with most of what you said, and especially your point that Democrats don't have a competing idea.
I think that's true because, like you said, they've railed against in recent years the hollowing out of the middle class, even though they presided over these policies.
It was Bill Clinton that pushed through NAFTA.
Barack Obama after the financial crisis, what did he do?
He bailed out the banks.
He let people lose their homes.
So what ideas have they brought the table?
Pretty much nothing.
But I guess in terms of actual progressives, if we had them, they've had ideas like let's invest in a public sector.
Let's actually spend government resources on building up infrastructure.
Bernie Sanders has talked about that, but he's found no takers among Democrats because they also serve Wall Street as well.
So I think if Trump listened to like the actual left rather than Democrats, I think there could be some real ideas to bring back manufacturing without the crisis that has just ensued.
And with Wall Street, it's true that the ultra-elite control and own most of Wall Street, but there are pensions tied up in the stock market as well.
So there are some, I think, everyday people that have been impacted by the swings in the market.
But look, listen, what you're saying about Wall Street being favored and Main Street being sidelined, this is the rhetoric coming from the Trump administration.
Listen to what Scott Besson, the Treasury Secretary, said just hours before Trump reversed himself on the tariffs.
Four decades, basically since I began my career in Wall Street, Wall Street has grown wealthier than ever before, and it can continue to grow and do well.
But for the next four years, the Trump agenda is focused on Main Street.
It's Main Street's turn.
It's Main Street's turn to hire workers.
It's Main Street's turn to drive investment.
And it's Main Street's turn to restore the American dream.
I mean, it sounds good, right?
But the question is, do their policies advance that goal?
Now, Richard Wolf, who you've had on the show a lot, what he argues is this.
He says the tariffs were basically, in theory, it's a good idea to have some tariffs.
But the way Trump did it was just without much logic.
And what he thinks Trump is up to is basically the Trump, through the tariff, is trying to raise enough revenue that could justify him continuing to cut taxes for the ultra-wealthy.
So contrary to what Scott Besson says about helping Main Street, he says Trump wants to basically help the ultra-wealthy by continuing to cut their taxes and justify that by saying that he got some money through imposing these tariffs.
That's Richard Wolf's analysis.
Okay.
Yeah.
Again, I would like to hear Richard Wolf give an alternative and a plan.
And I'm thirsty to hear his plan.
No one has another plan.
And so I'd like to, and so I'm actually a little bummed that Trump has turned his heel like this and decided to boost Wall Street and NASDAQ again and kind of go back on what Scott Besson just said.
I heard Scott Besson did an hour interview with Tucker Carlson, and it was really intriguing to me.
It's like I could hear it.
I believed him.
Like when I hear him say that, I believe him.
And it's like some, I've never heard a politician in my life say, hey, yeah, we're going to Wall Street's going to have to take some pain so we can give some attention to the working class.
No one's ever said that in my lifetime.
It's been the exact opposite.
And they've all been.
Bernie Sanders has said it.
And he was, I agree with you.
He was sounding a lot like Bernie.
He said also, you know, we have a lot of people taking luxury vacations while many Americans can't afford food.
And that's why they're going to food banks.
We have to take care of them.
But again, what policy-wise is Scott Besson and Trump proposing to take care of people who rely on food subsidies?
If anything, what I'm hearing from the Trump camp, maybe this isn't Scott Besson, but certainly Elon Musk is we have to cut these benefits.
So like, what are they, what like, I agree, he's saying the right things, but policy-wise, what, what are they doing for struggling people?
So, well, their response, I'm sure, would be, well, these tariffs are what we're doing.
And this is going to, it's going to be a short-term pain, long-term gain.
And they, so that that's what they would say.
And that's going to, hey, if you don't want to be tariffed, you don't want to have tariffs imposed on you, start your manufacturing in the United States.
That's what they're, that's what their line is.
Well, we'll see what happens, but he's keeping it on China.
Any idea?
I mean, I know neither of us are economists.
Why he would choose to just leave it on China.
Well, the U.S. is so reliant on China that I guess he feels he needs, he has to do something about it.
That so many products now rely on the Chinese market, Chinese workers.
He feels as if that one, to save face, he has to keep that one on.
And China's retaliated.
And yeah, I don't have the economic expertise to say where that one's going and why.
But look, just on the issue of why Trump reversed himself initially, here is Charlie Gasparino of Fox News, who's a Trump supporter.
He also says that it's essentially because of Wall Street.
Well, I mean, because of the mixed messaging, how can you doubt them?
I mean, let's be clear what happened.
You know, who capitulated here and why?
And, you know, I don't want to say this because I'm a patriot.
I'm an American.
But it is the White House who capitulated based on everything I hear and all my sources.
And the reason why is because of the bond market and what happened last night.
You know, Besson knows this better than anybody.
When you have yields on the 10-year rising to 5%, stuff starts shutting down when you have the lending markets screwed up.
By the way, who was dumping the bonds?
Somebody asked him if it was China, right?
It wasn't.
It was Japan.
While he was negotiating with Japan, Japan, according to my sources, who are running major money management firms that are involved in the bond market without giving up names, Japan was dumping bonds because they believed this was not a great place to do business.
That forced their hands.
Now, what you can say, I think, legitimately here is Trump decided to take the win.
And here's why.
There was overwhelmingly, you know, deal potential here among the entire world, except for maybe China, right?
Everybody really wanted something.
So he did take the win, but make sure, make no mistake about it.
Peter Navarro was talking as of yesterday about not taking the win.
And now they did.
And it's all because of the bond market.
I want to point out.
He says it's all because of the bond market, the Trump backed down.
But he's also saying that Trump sees a win here because now, I mean, aside from China, countries around the world are trying to negotiate new tariff deals that Trump hopes will be favorable to the U.S. And that's why Trump is going to try to paint this as a win.
Well, I saw Mr. Wonderful, Kevin O'Leary from Shark Tank, who we all know, and he said that Trump should have put a 400% tariff on China and that it's about time and that we've had this unfair trade agreement.
I mean, we all know that corporations get tax breaks for offshoring jobs and that that's how much they perverted the legislation and the economy.
And that if he was saying, well, what would happen if you put a 400% tariff on China?
And he said they would immediately come to the negotiation table and we'd have a negotiation.
And so in the absence of any other plan, I'm reluctantly for these tariffs.
And, you know, no one else had a plan in my entire goddamn lifetime and nothing except more of the same and more.
I mean, you know, how long can we keep saying half the country can't afford a $500 emergency?
How long can we say that 80% of workers live paycheck to paycheck?
50% of wage earners earn less than $30,000.
I mean, no one has a goddamn plan, right?
And so I was, you know, cautiously optimistic about that someone is going to try something.
And I saw the auto-workers, which you covered, were behind this idea.
So, or at least a big swath of them were anyway.
So it's, well, we'll see what happens, I guess.
But I do feel that poise because Trump's not running again.
That's what, you know, he's, he seemed to me like he's having a second term the way we hoped Barack Obama would have a second term, that he would actually get to do the things he wanted in his second term because he couldn't in his first term because he wanted to get re-elected.
And then he didn't.
He was just even more horrible in his second term, Barack Obama.
And so, but it looked like Trump was like, hey, screw it.
I'm doing exactly what I want.
I'm empowered.
I've got a mandate and I'm not running again.
And now it seems like he's going to knuckle under to the Wall Street class.
We'll see.
I hope not.
I hope they come up with a plan to help reinvigorate manufacturing in the United States, bring real jobs back.
It's good that his border policy, you have to have a rational immigration policy.
Open borders are there to suppress wages.
And the mistake people make is they get angry at the immigrants when they're doing exactly what anybody would do in their situation.
If you find yourself angry at someone lower on the economic ladder than you, you're being manipulated by someone higher on the economic ladder than you.
Keep that in mind.
And your job didn't get taken by an immigrant.
Your job was given to an immigrant by a corporatist who had somebody who found somebody he could exploit more than you.
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After Donald Trump backed down on his global tariffs, Treasury Secretary Scott Bessett said that this was the plan all along.
Again, this was driven by the president's strategy.
He and I had a long talk on Sunday, and this was his strategy all along.
And that, you know, you might even say that he goaded China into a bad position.
They responded.
They have shown themselves to the world to be the bad actors.
And we are willing to cooperate with our allies and with our trading partners who did not retaliate.
It wasn't a hard message.
Don't retaliate.
Things will turn out well.
So what he's saying here is that this was Trump's strategy all along.
He imposed these global tariffs.
And then after countries around the world said, hey, let's negotiate.
Let's work out a better trade deal for the U.S., then Trump backed off the tariffs and mission accomplished.
And the market is surging again.
The losses are being reversed.
And it's only China that stands out as being a bad actor because China announced a retaliation against the U.S. And now Trump is having a trade war with China.
So according to Scott Besson, this was the plan all along, even though you had Trump and other people saying that we're not going to negotiate our tariffs.
But now that he's walked that back, Trump is saying also that he's happy with how things are going.
And look, the market is back up.
I don't know if it's still there.
You know, this was, I looked an hour ago, but we were up like close to 3,000 points.
Nobody's ever seen a day like that.
I think that's a record, isn't it, fellas?
Is our record?
Who would have thought we were going to have a record like that after watching?
But because the geniuses of the world, they get it.
So Trump also saying there that, yeah, this all worked out great.
And now the market is rebounding and we've had the best day ever.
Now, of course, the market still hasn't reached the level that it was before Trump announced his tariff policies.
But Trump is saying that things are on the up and up because he's forced everyone to come to the table.
So that's the claim now that this was a part of the strategy all along.
Well, I don't know what to think until Sam Harris weighs in.
And then whatever he says, the opposite is the case.
So he's like the Jim Kramer of intellectuals, Sam Harris.
He gets everything wrong.
And whatever he says, the opposite is true.
Well, hopefully that's the case.
I mean, again, I'll just reiterate that nobody else has a plan.
Nobody else has done anything.
And I hope if Trump's plan takes balls, that he has the balls to stick to it.
And again, he's not running for reelection.
I mean, people, I think people need to keep that in mind.
He's not running for reelection.
And so he and he's only gotten till the midterms to do this, to do whatever he wants to take.
So if he wants to leave a permanent mark, he's got just a little while and he's got to get on it.
So again, no other competing plans.
The Democrats and Republicans have been complicit in the demise and the destruction of the working class in the United States.
And this is the first time in my lifetime I've seen a president actually do something or try to do something about it.
So I'm not as my hair is not on fire over this, like other people.
Carolyn Levitt, the White House press secretary, she mocked the media because she said this was all part of the art of the deal.
Media clearly missed the art of the deal.
You clearly failed to see what President Trump is doing here.
You tried to say that the rest of the world would be moved closer to China when in fact we've seen the opposite effect.
The entire world is calling the United States of America not China because they need our markets.
They need our consumers and they need this president in the Oval Office to talk to them.
And that's exactly why more than 75 countries have called, because the United States of America is the best place in the world to do business.
And as the president has shown great courage, as the secretary has said, in choosing to retaliate against China even higher.
So that's the White House line.
This is the art of the deal.
This is Trump's move.
Yeah, he said he would not negotiate these tariffs, but that was just a bluff to get people to beg him for a negotiation and to offer more favorable trade deals to the U.S., except for China, where the tariffs are remaining.
But again, as we talked about earlier, not everyone is buying that, including a Trump supporter, Charlie Gasperino of Fox News, who said, again, it wasn't so much Trump pulling off some grand strategy here.
It was Trump's Wall Street friends being very upset with him.
Cole, what happened overnight?
And from what I understand, and I'm getting this from people that are talking to the White House, what happened in the bond market overnight, the spike in yields on the 30-year and the 10-year bond, which showed that people were dumping our bonds.
And who were those people dumping our bonds?
Japan, the biggest holder of bonds, was selling bonds.
That's what I'm getting from some very big money managers.
China, maybe to some extent, but it was largely Japan and others.
If you have a mass sale of bonds, that means people are losing confidence in the U.S. economy, on the ability to do deals with us.
And from what I understand, this is what forced the hand of this 90-day reprieve.
Now, is it a good thing?
Are people coming to the table?
Yeah.
But if you read the between the lines or not even what Scott Besson said, we have no deals, right?
There's nobody that is really there saying this is what we're going to do.
And they paused it anyway.
So my thing is that, well, I'll give you this.
There is some art of the deal here.
And by the way, brilliant move by putting China in the corner, but that's a whole separate thing.
Because remember, that's a very difficult negotiation.
Everybody else is a lot easier.
They really wanted, they do want to deal with us.
Whether they want to be forced into really bad trade deals on their end is a whole other negotiating story.
But make no mistake about it.
You cannot divorce this decision right here from what happened last night, which was, you know, people focus on the stock market all the time.
It's the bond market and the sort of lending markets that's the plumbing of the economy.
And those markets were imploding last night.
And that's why we have a 90-day freeze.
Let's see if those markets improve.
Someone told me we had a decent treasury auction today.
But if you can't sell your treasuries, guys, and people are unloading your treasuries, like Japan, which is, I believe, the largest foreign holder after China.
Just to be clear, there.
So that's Charlie Gasparino of Fox News saying it was not Trump's genius strategy.
It was the bond market cratering.
And that's what forced him to act.
But Jimmy, to your point, that Trump is trying something new here that could possibly bear fruit.
Even RoConna, Democratic member of Congress, he went on Fox News and he acknowledged that actually, if this turns out that Trump ends up winning favorable trade deals for American workers, then he will deserve credit.
This is Rocana.
If we end up with better trade deals with many of these countries that are more advantageous to us, don't you think that was worth it?
Well, the true is still out.
Right now, we've gotten worse trade deals.
I mean, Europe has increased its tariffs on our goods.
Canada has increased our tariffs.
So if we end up in a situation where the tariffs are better, then I would give the president credit on negotiation.
HE DIDN'T HAVE TO PUT THE COUNTRY THROUGH THIS.
You know, maybe what you have to do is shake up the chessboard a bit in order to reset these trade arrangements.
And it doesn't seem like anything prior to this by any prior administration sort of allowed that to happen.
Now, I think it's interesting Rokana says that since we all know he's being paid by the Russians.
But so that's, I just want to throw that out there.
So, you know, again, You are not an economist.
I'm not an economist.
But it seems contradictory when they say that the bond yields are going up.
So, does that mean like if you buy a U.S. Treasury that you're going to get a higher interest rate?
You're going to get more money if you invest?
That would seem to be a good thing.
But of course, that signals that the bond market's cratering.
I don't.
Do you understand that?
Yeah, this gets into territory that I just, I don't understand.
According to the Fox News guy, the bond market was cratering, and that's what triggered the panic that led to Trump reversing course.
And, you know, when I have on Ed Ed Dowd, he always makes the point that that guy on Fox News made that the bond markets will let you know if this is a good way to go or not.
The bond markets are the bellwether and the canary in the coal mine.
And so apparently that was it.
That's what made Trump reverse course was the bond market.
So, okay, even more important than the stock market.
We're all learning something, I guess.
Let's do some breaking news, Jimmy.
The gray zone just got a hold of some audio of an APAC leader boasting that they have serious influence over members of the Trump administration.
Let's watch this clip.
I haven't even heard it yet, but the gray zone just put this out.
So, this is some breaking news.
Lobby the executive, but as we were talking about, there was a discussion earlier about Congress being representatives of the people world.
The White House has to be responsive to Congress.
So, it's working with our friends on the Democratic side of the aisle to apply pressure the way that they know how to an administration, as it will be with this administration.
Talking about the people who will get appointed to do some of these jobs.
Look at the top level, we can talk about the market review and all the stuff about Michael Waltz.
Three people have something in common.
All certain commons on the relationships with the key packages.
So, the lines of communication are good.
Should there be something questionable or curious that we need access on the conversationship?
You never know.
One of the first candidates I ever met with as an APAC professional in my job to see the candidate for practice was a guy named John Rackland.
He was challenging a longtime member of Congress in Dallas.
This guy looks like he could win the race and go talk to him and get a good understanding of the issues.
A couple of weeks ago, he took the oath as the CIA or Brian Lawrence.
So, there are a lot of I wouldn't call lifelines, but they're lifelong.
So, that's the CEO of APAC bragging.
Can you?
Yeah, go ahead.
I just wanted you to check because I couldn't really hear it.
Well, that's that's the CEO of APAC.
That's the CEO of AIPAC bragging that he has special access to several Trump administration officials.
He mentions, in particular, Muka Rubio, Mike Waltz, and John Ratcliffe.
And he says that these are what he says, I wouldn't call them lifelines, but they are lifelines.
That's people he can call if he wants special access.
That's him bragging in leaked audio that was just obtained by the Gray Zone.
Wow.
How did how did the Grey Zone get their hands out of that?
Is that a secret?
I don't know.
I just saw this as we were talking about this issue, and it was good timing.
I look forward to that being released as I look forward to Ryan Grimm releasing that as his own and pretending that he broke the story because that's kind of what he does all the time.
Me too.
Me too.
All right.
Well, we can get so go ahead.
So is that is so?
Now, I mean, that just confirms everything we all thought.
What, what, do you think that's really going to be big news in America?
Probably not because the news media doesn't ever.
So, what do you mean?
Do you think there's going to be any impact from this?
Well, no, and why?
Because this is bipartisan.
For all the access that AIPAC has in the Trump administration, they have the exact same access in the Biden administration, or if Kamala Harris had won in the Kamala Harris administration.
It's totally bipartisan.
So, no, I don't think this will have.
So, Aaron, what is the strange control that AIPAC has on our government?
If they spend less money lobbying than Japan and China, which I don't know, I can't speak to the veracity of that claim.
But why does such a tiny country have such a stranglehold on our legislators?
It's a great question.
Israel is a proxy.
So, Israel does things for the U.S. It basically helps the U.S. keep control of the Middle East when the U.S. wants to do something that looks too bad, like funnel nuclear secrets to apartheid South Africa or arm desk squads in Central America.
Israel does its dirty work for it.
There's also a heavy evangelical component here, the evangelical Christian community, people like Mike Huckabee, who really believe that basically there will be a rapture one day.
Having this proxy in Palestine and the birthplace of Jesus is seen as an advancement of that goal.
And yeah, you have this powerful, this powerful lobby APAC that can buy off people in Congress and decide who controls Congress, as they showed in the most recent election when they spent millions of dollars to oust Jamal Bowman and Corey Bush.
So it's a factor of imperialism, special interests like evangelicals, groups like APAC.
And also, I just think fidelity to another colonial, a European colonial state like we are.
And so now, AIPAC does not have to register under FARA, which is the Foreign Agent Registration Act, right?
Correct.
And when I was in this interview yesterday, I brought that up and he said that, yeah, the reason why they don't have to register is because they're American citizens.
And I'm like, no, that's not true because they got Paul Manafort, Trump's original campaign manager, And they put him in jail because he was lobbying on behalf of a foreign government and he didn't declare himself.
He didn't register with the FARA Act, and that's what they got him for.
So even the people, so even if they're all American citizens, matter if you're an American citizen or not, if you're lobbying our government on behalf of a foreign government, you're by law supposed to register under the FARA Act, correct?
Correct.
And this is just yet like another reason why Russia Gate was just so pathetic is because while Democrats were hyperventilating about mythical Russian interference, Russian meddling in our pristine democracy, they're all on board with this foreign apartheid state, constantly meddling in our democracy, literally buying off members of Congress, meddling in elections, and having unregistered foreign lobbyists acting with free will, with free reign.
And did Rachel Maddow ever cover this on her show?
Did any of these blue and on Democrats ever raise a peep about it?
No, they're all on board with it.
You know who did cover it?
To my surprise, shock and awe, actually, was Ali Veshi covered this.
Did you ever see that segment he did about APAC's influence?
I didn't, but he's not bad on Palestine.
And of course, he did that only recently, right?
Like this is probably after October 7th.
I don't imagine during the Russia Gate era, he was not putting that on MSNBC.
I'm sure.
But I was shocked that he was allowed to do that at all.
That was because they, you know, they're getting rid of anybody who challenges Israel's power or anything, right?
We've seen, they got rid of all those people.
They got rid of a lot of them.
But also, they have to respond to the fact that the majority of the Democratic base, the actual voters, are turning away from Israel.
And so I guess they need someone on MSNBC who can speak to their concerns so they don't totally lose that audience as well.
You know, my experience, no, I traveled the country.
I was just, I just went out to, I was in Hartford, Connecticut.
I was in Syracuse, New York.
I was in Albany, Co-Hos, Atlantic City, Long Island, Providence, Rhode Island.
And I meet a lot of MAGA voters.
They come to our show.
And we have all kinds.
We have hippies.
We have MAGA.
We have all types of people, libertarians.
And none of those people are on board for Israel.
None of them.
I mean, is it just the people who watch my show?
Or it seems like even when I was at the Rescue the Republic rally, which a lot of people said that was a Trump rally, I didn't.
I looked at it as a free speech rally.
And I gave a big shout out to you have to support the free speech of Palestinian protesters in the United States.
And they cheered.
The audience there cheered.
And I saw people who were MAGA holding hands.
I mean, holding up signs saying, you know, pro-Palestine protesters, things like that.
What's your experience?
What's your, do you think that MAGA is, I mean, I know a lot of them are, but do you think it's the majority or what?
What would you, can you gauge?
Yeah, that's my experience too, meeting everyday MAGA voters, you know, people like who I've gotten to meet and be acquainted with because I challenge Russia Gate.
Yeah, they're not on board with this.
They don't want to see their tax dollars going to slaughtering children in Gaza.
They don't feel any affinity with this foreign apartheid state.
So it's the party elite and the people and the people on Fox News.
There's a certain level of Islamophobia that I find, like they just don't like Muslims.
Yes.
But that to me is not, I don't encounter that like when I meet everyday MA voters.
I do encounter that when I meet MAGA, some MA politicians.
They just have this distrust of.
Well, because they're all in the pocket of APAC.
That's why they're paid to be that way.
And so, yeah, I mean, the politicians, but the grassroots, they're not.
I can't believe that they're allowing Trump to be such a tool of such a small country like AIPAC.
I mean, of Israel.
It's just, it's shocking to me.
It really is.
And we're going to cover some of this today.
We're going to get into how Trump is just going against so many of the promises he made to his base and talking about cutting the Pentagon, abandoning endless wars.
We're going to get into that today, about how he's abandoning those promises just one after one.
One of the biggest MAGA congresspeople is Marjorie Taylor Greene.
And when Trump, Tulsi, Waltz, JD Vance, when they were all celebrating the illegal, the war crime of blowing up an apartment building to get one person, she tweeted out, no one voted for this.
Yeah.
And the reason why she's allowed to do that is because she's one of the few people in Congress who doesn't take APAC money.
Yep.
So there's a direct correlation between taking APAC money and being pro-Israel and pro-Benjamin Netanyahu and anti-Muslim and anti-Palestine and the people who don't take APAC money, which is the MA voters.
They're not on board for this.
So I just don't understand what the fuck is in it for Trump to do that.
I mean, I know he took $100 million from Miriam Adelson.
I get that, but he's not running again.
So why not just if Obama can betray his voting base, why can't Trump?
Why Obama completely abandoned his vote?
Of course he did.
He backed Wall Street over the Wall Street over Occupy Wall Street.
He backed the big pharma and health insurance companies over the public option.
And then he went and did Libya and he did Syria.
I mean, all that he extended the Afghanistan war.
He repealed habeas corpus.
I mean, there wasn't a goddamn, every move Barack Obama made was a betrayal of his base.
So why doesn't Trump be what is in it?
Have you ever questioned, have you thought about that?
Yeah, I mean, listen, of course I thought about it.
I just don't know the answer.
I don't know what's in his head.
I don't know what his calculation is.
he did get $100 million from Marion Adelson.
That's a lot of money.
And I just don't think, look, same thing with Obama.
Obama used to speak to Edward Saeed, Rashid Khaladi, like these major Palestinian figures.
He knew the truth.
He knew exactly what was up.
But once he got in office, he's faced with this choice.
Like, do I actually take a stand here and end this?
Because he could if he wanted to.
The U.S. government is so instrumental to Israel's occupation.
It could make the difference.
But Obama decided it just wasn't worth it.
And he's probably thinking about not just his donors, but also just being called an anti-Semite, all the ways they discredit you.
Like, look at what they do to Tucker Carlson.
As Tucker Carlson's been increasingly critical of Israel during the Gaza genocide, they've tried to destroy his career, including people inside the Trump camp.
Trump's former ambassador David Freeman, I recently called him an anti-Semite.
Same thing as they're doing to Candace Owens.
So people think about the reputational cost, the professional costs, and they all just decide it's not worth it.
Okay.
I mean, I saw, are you going to cover this, the protest by the Hasidic Jews at the White House yesterday?
I didn't get that.
No, no.
Oh, shit.
I wish I would have sent it to you.
So there was a big protest.
I saw it on Twitter, a video of Hasidic Jews that were protesting outside the White House against Trump's Gaza policy, because did he just again reiterate his plan to send in U.S. soldiers to ethnically cleanse Gaza of Palestinians?
Did that not happen?
Yeah.
Well, that's, I'm sorry I missed that protest because there is a component of Orthodox Jews who just don't believe that Israel represents their vision of Judaism.
And, you know, look at it as a blaspheme.
They do.
They absolutely do.
They absolutely do.
And of course, they get viciously attacked by fellow Jews because.
Yes.
Yeah.
Yeah.
At the White House, Donald Trump talked about his upcoming peace talks with Iran, and that's happening.
There will be indirect talks brokered by the country of Oman between Iran and the U.S. But Trump also said that if he has to, he will use military force against Iran.
And if he does that, then Israel will be a leader in those strikes.
Yeah, if it requires military, we're going to have military.
Israel will obviously be very much involved in that.
He'll be the leader of that.
But nobody leads us.
We do what we want to do.
So Israel will be the leader of any U.S. strike on Iran.
But then he says no one leads us.
So it's a little contradictory.
He's acknowledging there that he's very much considering Israel's advice, which, of course, Israel wants to bomb Iran.
That's what it's been pushing the U.S. to do for a very, very long time.
So he talks there about Israel being a leader, which means he's listening to Israel.
And what does Benjamin Netanyahu want out of these talks between the U.S. and Iran?
Well, Netanyahu, when he met with Trump at the White House the other day, he laid out his vision.
Of course, we also discussed Iran.
Look, we're both united in the goal that Iran does not ever get nuclear weapons.
If it can be done diplomatically, in a full way, the way it was done in Libya, I think that would be a good thing.
But whatever happens, we have to make sure that Iran does not have nuclear weapons.
So Netanyahu is talking about what he calls the Libya model.
Okay.
What is the Libya model?
That's where Libya gives up its nuclear deterrent and then gets regime changed, right?
That's exactly what happened when Libya negotiated with the Bush administration.
And then when Barack Obama came in, Barack Obama launched a regime change war that resulted in Gaddafi being sodomized.
That's what Netanyahu is openly talking about, the Libyan model.
And here's Michael Tracy.
If the basis for these direct negotiations is that Iran must agree to allow the U.S. to explode and dismantle their entire nuclear program, then it's not difficult to foresee how the negotiations could just be a pretextual tactic to pave the way for military action.
So again, this is something no one voted for.
Nobody wanted anybody, as Dave Smith says, if anybody advocates for bombing Iran, they're your enemy.
And so Trump, again, is betraying MAGA.
He's betraying America first.
And I think that if Iran actually did acquire nuclear weapons, it would be the single greatest thing to stabilize the Middle East and to end wars.
It would be the exact opposite.
So whatever Benjamin Netanyahu and Trump are saying, the exact opposite is true.
So just keep that in mind.
So Benjamin Netanyahu is the same guy who said if we took out Saddam Hussein, democracy would spread throughout the Middle East.
Of course, he was lying.
He was wrong about that.
And he wasn't wrong.
He was lying.
He said the same thing about taking out Gaddafi.
If democracy would spread.
He said the same thing about Syria.
Now, Al-Qaeda is in charge of Syria.
So whatever they say, the opposite is true.
And they're not wrong.
They're lying.
And this is all about the greater Israel project.
And so I'm all for why does Pakistan get to have nuclear weapons?
North Korea has nuclear weapons.
India, China, Russia, the United States, Israel has nuclear weapons.
The point of nuclear weapons is to not use them.
It's for deterrence.
So it would deter war.
And so if Iran did acquire nuclear weapons, that would be, I would posit that would be the single greatest thing to create stability in the Middle East.
What do you say?
Well, Jimmy, I hear your argument, and John Mearsheimer says the same thing too, I believe.
So there's a certain logic to it.
I just can't support nuclear proliferation because I also worry that if Iran ever moved seriously close to a bomb, then that would trigger an attack, including a nuclear attack on Iran that would kill so many people.
But listen, I understand the Libya model, especially the fact that Netanyahu is invoking the Libya model.
It's like he wants Iran to get nuclear weapons because the Libya model means you give up your deterrent and then you get destroyed.
So what else is Iran going to conclude from that?
So it's almost as if Netanyahu was trying to encourage nuclear proliferation.
Here's Alon Mizrahi.
He's an Israeli critical of Netanyahu.
Milikovsky, and that's Netanyahu's original name.
He changed it to sound more Middle Eastern.
So, Milikovsky now tells the Israelis in Hebrew that Israel only allows the U.S. and Iran to reach a Libyan model kind of agreement whereby all nuclear-related labs in Iran will be physically destroyed by outside forces under American supervision.
The whole purpose of that visit was to deliver Trump his orders on Iran moving forward.
And, you know, Trump's saying that Israel will be a leader if we strike Iran.
That does not inspire confidence that Trump is acting on his own and is not, in fact, following orders from Israel.
Lindsey Graham is really excited about this Libyan model.
He says, I totally support a diplomatic solution with Iran that would follow the model used by the international community in Libya.
Yeah, of course he does, because Lindsey Graham loves regime change.
So of course he wants the Libya model.
And the irony here is that Trump once criticized people invoking the Libyan model.
Okay.
This is Trita Parsi pointing this out.
This is what Trump said about John Bolton when John Bolton pushed for a Libyan-style solution, which Netanyahu is now pushing for.
Here's what Trump said.
What would Bolton, one of the dumbest people in Washington, know?
Wasn't he the person who so stupidly said on television Libyan solution when describing what the U.S. was going to do for North Korea?
I've got plenty of other Bolton stupid stories.
So that was Donald Trump in 2020 calling out John Bolton for proposing the Libyan solution, which is exactly the same solution that Benjamin Netanyahu, Lindsey Graham, and other warmongers are proposing now.
Again, I'll say it again.
Wouldn't it be great if that guy was president?
That guy is not president.
That's the guy people thought they were voting for.
And he's betraying MAGA.
And I want to see MAGA stand up in mass and to oppose Donald Trump's bullshit Israel first policy, which leads to more intervention, more war.
Why the fuck at this whole, I've heard people say, well, Iran has to be dealt with.
No, just like the Yemen doesn't have to be dealt with.
No, they don't.
They're not our problem.
They're not our problem at all.
Iran is not threatening to attack us.
That's not our problem.
And if we weren't there threatening to bomb them, Israel would have to become a good neighbor to the other countries around them.
But because they have the full force of the United States military, they're the terrorists.
They're the terrorists.
The United States is the terrorist.
We're the terrorists in Iraq.
We're the terrorists in Libya.
We're the terrorists in Syria.
We're the terrorists in Somalia.
We're the terrorists in Yemen right now.
The terrorists are us.
Here is Iran's response to talk of the so-called Libya model.
This comes from the Iranian foreign minister.
He says we will not allow Iran to reach the same fate as Libya in 2003.
They can only dream of it.
And again, that's when Libya gave up its nuclear program and eight years later got itself bombed and regime changed and destroyed by the U.S. under the Obama administration.
And Iran is saying, no way that's happening again.
So if Iran is able to get hypersonic missiles, which the United States doesn't have, they have hypersonic missiles that we don't have.
Why is it so hard for them to obtain a nuclear weapon?
North Korea has nuclear weapons.
I don't understand why it's so hard for Iran to acquire these things.
Well, they banned it.
They have a fatwa against it.
The Aitolla issued a fatwa against having nuclear weapons.
And according to the most recent U.S. intelligence assessment, just came out a few weeks ago, they do not have a nuclear weapons program.
But it's Israel and the U.S. that are encouraging to change their, to reconsider that by constantly threatening them, including by now bringing up the prospect of being the next Libya.
So that's the next war.
So enjoy your, so all the people who say, oh, we got to the Houthis, we got to do something.
Enjoy your next war.
If the whole point of Donald Trump's victory in 2016, a big part of it was that he was an anti-interventionist.
He criticized the people for bringing us into the Iraq war.
It was a blunder.
We shouldn't be there.
We should get out.
And it's just a complete betrayal.
You should feel like a chump that you voted for Donald Trump.
You should feel like a chump and you should stand up against it.
I'm doing what I can.
I'm using my platform to call him out for his complete betrayal of what he ran on, for his complete betrayal of America first, his complete betrayal of free speech, his complete betrayal of anti-interventionism and the MA movement.
So now it's up to MAGA to stand up.
I know Charlie Kirk actually already has.
Charlie Kirk gave a great statement about how this Iran fiasco is misguided and it's a big misstep and mistake.
Tucker Carlson, same thing.
And so I'm appreciative of those kind of people with those kind of voices.
You know, what we need is someone like Tulsi Gabbard, Dan Bongino, Cash Patel, someone else inside the administration to break and say something.
But I don't think that's ever going to happen.
Donald Trump at the White House announcing his hopes for the Pentagon.
A $1 trillion budget.
That's right.
$1 trillion.
Great things happening with our military.
We also essentially approved a budget, which is in the facility.
You'll like to hear this of a trillion dollars, $1 trillion.
And then nobody said anything like it.
We have to build our military.
And we're very cost-conscious, but the military is something that we have to build and we have to be strong because you got a lot of bad forces out there now.
So we're going to be approving a budget.
And I'm proud to say, actually, the biggest one we've ever done for the military.
We're very cost-conscious, but we're going to push through $1 trillion For a Pentagon that can't even pass an audit.
So, this is directly, again, no one voted for this.
People voted for the exact opposite.
Trump ran it as an anti-interventionist.
Trump, in fact, a few moments after he was sworn into office, he was floating the idea of cutting the military budget by 50%.
And can you get away with that?
We got that clip, Jimmy.
Let's listen to him say it.
Just exactly as you said, right after he took office.
This is what Trump said.
First meetings I want to have is with President Xi of China, President Putin of Russia.
And I want to say, let's cut our military budget in half.
And we can do that.
And I think we, and I think we'll be able to do it.
So what the, so what the F happened?
So what, so that was, why say that and then do the exact opposite?
What is the, what is the point of what I honest, again, a guy for a guy who's not running for reelection to go down as the biggest military spender, what do you get out of that?
And this whole thing, we have to rebuild our military.
No, we have to get rid of, like, I would say, get rid of 800 of the 900 military bases we have scattered around the world.
We still have a military base in Japan.
We still have a huge giant city inside Germany.
I've been there.
They have their own hospitals.
They have their own casinos.
The military.
In Germany, we have, I mean, I've showed the video of all the points of the 800, 900 military bases the United States have scattered across the world.
It's unbelievable.
And so that's, if you want to rebuild the military, how about you stop overextending them, which is the way all empires, this is the way all empires fail.
So all that money they just saved through Doge, they're now putting it right back into the Pentagon, which is the exact opposite of what MAGA thought they voted for, the exact opposite of what everybody thought they voted for.
And he's pulling an Obama.
He's betraying his base and what he ran on.
That's all that this is.
100%.
And, you know, he's not just going back on what he said recently about cutting the Pentagon budget.
He's also going back on what he said previously when he openly criticized the military industrial complex and called them out for profiting off of wars.
Here's Trump back in 2020.
I'm not saying the military is in love with me.
The soldiers are.
The top people in the Pentagon probably aren't because they want to do nothing but fight wars so that all of those wonderful companies that make the bombs and make the planes and make everything else stay happy.
But we're getting out of the endless wars.
You know how we're doing.
No, we're not getting out of the endless wars.
In fact, now we're spending a trillion dollars on the Pentagon that he just said there doesn't like him because he wants to end the wars and therefore cut off the profiteering from the weapons companies that make the bombs that the Pentagon uses.
So that raises the budget somewhere in the neighborhood of $200 billion.
Imagine if they took that $200 billion and invested it in infrastructure in the United States.
Just imagine if they'd instead put $200 million into, I don't know, bullet trains or clean water, schools.
And how about I live in California?
How about, I don't know, off the top of my head, how about 10,000 fire trucks?
You ever think of that?
Filled with water.
Wouldn't that be amazing?
Instead of still renting planes that the big, I forget what they call them, but the ones that pick up, scoop the water scoopers.
We rent them from Canada.
How about we buy a couple for ourselves here in California?
Yo, California, the fifth largest economy in the world.
Yeah, imagine if they just took that money.
Imagine if they took $200 billion.
Imagine if they took 100 of the top cities in the United States and gave them each $2 billion to spend on their own cities.
That would be to fight homelessness, to hire more firemen, hire more teachers.
How about, you know, in Finland, they have three teachers in every classroom, right?
Which is why they're always at the top of the list of academic achievers, right?
In the United States, they have 40 students per class, right?
In Finland, they have 20.
And they have not only every one of those teachers has a master's.
They have three teachers in each class.
So we could, there's lots of things.
That'd be a great jobs program, by the way.
Lowering the class sizes, hiring more teachers.
That'd be a great jobs program.
But instead, we're going to take it and put it right in.
The least efficient way to boost the economy is war spending.
That is the least.
It's been studied over and over.
It's the least efficient way to boost the economy.
And yet that's the only idea they seem to have.
They never want to spend money on its people.
And this is the way all empires end.
We're still building military bases.
They just put three new ones over in the Philippines.
They're not stopping.
And then plus, there's all the military bases that we don't know about that are secret.
So it's again, it's just an it's a betrayal of what he said.
Again, right?
You just showed it.
So I just don't understand what happened to him from 2020 or even 2025 when he said he wanted to reduce at 50% to today.
What happened?
Who got to him?
Did somebody offer him stock at Raytheon?
What happened?
Here's another clip, Jimmy.
This is from 2019.
And I believe that this comment from Trump made him the first president since Dwight Eisenhower to acknowledge the military industrial complex.
This is when Trump was in the White House during his first term.
Listen to what he said.
Reassure people, you're not looking for some kind of conflict in Iran.
Well, I'm the one that talks about these wars that are 19 years and people are just there.
And don't kid yourself, you do have a military-industrial complex.
They do like war.
You know, in Syria.
You do have a military-industrial complex.
They do like war.
And here he gives an example of one such case.
With the caliphate.
So I wipe out 100% of the caliphate.
That doesn't mean you're not going to have these crazy people going around blowing up stores and blowing up things.
These are seriously Ill people.
I don't want to say, oh, they're wiped out, you know, ISIS, but I wiped out 100% of the caliphate.
I say, I want to bring our troops back home.
The place went crazy.
They want to keep you have people here in Washington.
They never want to leave.
I say, you know what?
I'll do.
I'll leave a couple of hundred soldiers behind.
But if it was up to them, they'd bring thousands of soldiers in.
Someday people will explain it.
But you do have a group, and they call it the military industrial complex.
They never want to leave.
They always want to fight.
No, I don't want to fight.
But you do have situations like Iran.
You can't let them have nuclear weapons.
You just can't let that happen.
So that's an example, I think, of what people liked in 2016, where you didn't come over.
I haven't traditional Republican.
No, but I haven't changed.
Well, yeah, I wish that guy was president.
Wouldn't it be great if that guy was president?
That's the guy people thought they were voting for.
That's not the president we got.
So it's, you know, I saw Dave Smith talk about this, and it's Trump is right.
He's wrecking he has a mandate and he's wrecking it.
He's wrecking his mandate on free speech at the behest of Israel.
He's wrecking his mandate on being a non-interventionist at the behest of Israel.
And now he's wrecking his mandate on reigning in the military industrial complex by his own hand, increasing the less.
They can't pass an audit.
They don't even know what they're doing.
I mean, really, if you think it's bad about all the trans ballets that the USAID was funding, imagine if we actually found out what they were doing at the Pentagon, which we'll never find out.
So, well, Jimmy, don't worry.
Don't worry, because Defense Secretary Pete Hegseth says this in response to Trump's announcement.
Thank you, Mr. President.
Coming soon, the first trillion-dollar Pentagon budget.
President Trump is rebuilding our military and fast.
And then, parenthetical, P.S., we intend to spend every taxpayer dollar wisely on lethality and readiness.
So don't worry.
Every taxpayer dollar in that $1 trillion will be spent wisely, according to Defense Secretary.
I wish someone would ask him, who is this enemy that you're rebuilding the military for?
Who is this?
We don't have an enemy.
No one's threatening to attack us.
No one.
The only people that ever attacked us are the people we invented, which is Al-Qaeda.
And who said we invented them?
Hillary Clinton.
So it's also amazing that Al-Qaeda and ISIS never attack Israel.
That's another story.
But who is the enemy that this is all about?
Who is Canada?
Is Mexico?
No one's threatening to invade us or bomb us.
This is all just a money funneling operation.
He used to talk about it in 2019, talked about it in 2020.
He talked about the undue influence of the military industrial complex.
They never want to leave.
And here he is doing the exact same thing.
It's a mental illness.
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Oh, All the voices performed today are by the one and only the inimitable Mike McRae.
He can be found at mikemcray.com.
That's it for this week.
You be the best you can be and I'll keep being me.
