Trump Kicks Out Press After Shock Tariff Ruling!!
2/20/202619 mincomplete
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0:27Fly Emirates. Fly better. Donald Trump is having a meltdown after the Supreme Court struck
0:34down his tariffs against the world.
0:37Also, a horrible GDP readout for the fourth quarter, and inflation is coming in hotter
0:44than expected. Donald Trump was holding a presser earlier this morning with governors who were
0:51at the White House. Donald Trump then sent the press out.
0:55He kicked the press out during this press conference and said, you know, bye -bye.
1:00Time to get out. As he continued to have this meltdown, let me show you
1:04what took place moments ago.
1:06Let's play this clip. Well, thank you very much, everybody.
1:22Thank you very much. And I guess we're going to be asking the press to
1:25leave. That way, we're going to talk very candidly and take questions, I think, at
1:31the end. It wasn't supposed to be.
1:33I just said to Susie, what about questions?
1:35Sir, you can do whatever you want.
1:37I don't know if she says that to other people that she's represented over the
1:40years. But thank you very much for being here.
1:43It's a great honor. President Trump, at breakfast with the governors, you heard him there
2:03saying that he's going to deliver some remarks and then take questions from the room,
2:07not from the media, and then asking the media to leave.
2:11Now, we know from people who were inside the room, Donald Trump then started cursing
2:17after kicking the press out.
2:19He said, these fucking courts, you know, I don't like to curse.
2:24I'm just giving you the receipts of what actually happened.
2:27These effing courts, these effing courts is what he said over and over again.
2:32CNN got the scoop there of what went down.
2:34Let's just play this clip of what happened inside this governor's meeting in the White
2:39House. After Donald Trump learned that the Supreme Court struck down his tariffs against the
2:44world, he was melting down.
2:45Apparently, he was sweating. His face was red.
2:48And he just started, like, cursing, almost like he was going to cry.
2:52I heard it was incredibly weird.
2:53CNN has the scoop as well.
2:55Let's play this clip. About this.
2:57Yeah, Pamela, we still have no official reaction from the White House or President Trump.
3:01We are waiting. I am told that they are meeting, discussing how they are going
3:04to respond. But we have learned more about what happened in the room when President
3:08Trump was with those governors and he learned of the Supreme Court decision.
3:12Apparently, the breakfast had been going well.
3:15They were working together. And then President Trump became enraged.
3:18He started ranting about the decision, not only calling it a disgrace, but started attacking
3:23the courts. At one point saying, these effing courts, but you.
3:27Using the actual language there, we know that President Trump does use expletives on quite
3:32often when he is enraged in particular.
3:35Now, this, of course, comes as this tariff policy.
3:38This could not be a bigger decision for President Trump.
3:41This could not be a bigger loss for President Trump.
3:43Not only is so much of his economic agenda based on these tariffs, so much
3:47of his foreign policy is based on these tariffs.
3:50He has used these tariffs as leverage in almost every meeting that he has had
3:54around the world. He has touted them as the most important part of the economic
3:59agenda. So clearly a huge loss, and he recognizes that today.
4:03Pamela. All right, Chris at home.
4:04Now, earlier this morning, Donald Trump released the GDP data before it was officially released.
4:11It's, again, unlawful to leak that out.
4:13But Donald Trump posted this before the Supreme Court made the ruling striking down his
4:19tariffs against the world. Donald Trump posted the Democrat shutdown cost the USA at least
4:25two points in GDP. That's why they are doing it in many form.
4:30Again, no shutdowns. Also, lower interest rates.
4:35Too late. Powell is the worst.
4:37President DJT, again, ranting and raving like a lunatic this morning.
4:43And the Supreme Court said, you don't have the power under this 1977 law, IEPA,
4:51to impose tariffs against the world.
4:52That belongs to Congress. Article 1, Section 8, the power of taxation.
4:57It's the power of Congress.
4:59And they did not in this statute called IEPA, which talks about emergency powers to
5:06regulate imports and exports. It doesn't even mention the word tariffs in IEPA.
5:11They didn't give you this power to tariff the world by you declaring unilaterally that
5:17there's a drug war emergency against Canada and Mexico or that trade deficits, by the
5:23way, which are increasing right now since Donald Trump imposed tariffs against the world.
5:27Not decreasing. They're increasing. But saying that that constitutes an emergency and then you're going
5:32to say you can tariff the world.
5:34The Supreme Court in a six to three decision said absolutely no way.
5:38Go and you can watch the full analysis that Michael Popak and I did.
5:43It's the video we dropped on our YouTube channel before this.
5:45Oh, by the way, while I got you here, we are so close to six
5:49million subscribers. Can we hit six million subscribers today?
5:53You may think you're subscribed to this YouTube channel, but you may not actually be
5:56subscribed. Double check and hit subscribe right now.
6:00Also, let's talk about that GDP falling below expectations.
6:04Fourth quarter GDP below expectations came in at one point four percent versus the three
6:11percent expected. And Trump regime officials were telling us that it may even come in
6:16as high as five percent, but it came in at one point four percent.
6:21Very, very disappointing. Indeed, also inflation as measured by PCE, which is really a consumer
6:29index, consumer goods and how inflation is affecting consumers came in hotter than expected.
6:35Two point nine percent versus two point eight percent and core PCE came in at
6:40three percent versus two point nine percent, which was the expected.
6:45So now after the Supreme Court ruling, Trump and his regime have to now pay
6:51back close to two hundred billion, somewhere between one hundred and seventy five billion and
6:56two hundred billion dollars in tariffs that they took from companies in the United States.
7:01It was never paid by countries abroad.
7:05It was always. incurred. It's a tax on Americans and companies here are passed on
7:11to the consumers. The consumers likely won't see any relief from the prices going up
7:16on their goods, but the companies that had to increase the prices, they're now going
7:20to go to commerce and treasury and say, give us our money back.
7:25And now it's going to be total chaos in the Trump regime as they've got
7:29to pay back the money they unlawfully stole.
7:32Who would have thought that a felon like Donald Trump, a sexual abuser like Donald
7:37Trump, a fraud like Donald Trump would go and steal money unlawfully?
7:42Who could have predicted that one right there?
7:45Monica Crowley, a former Fox host who Donald Trump made an ambassador of protocol, kind
7:52of like a spokesperson at the White House.
7:54She issued the following statement.
7:55President Trump has plenty of tools in the tariff toolbox.
7:59Don't be a panicking. Trust Trump.
8:03What a weird criminal cult these people are who continue to cover up the Epstein
8:11files. And don't think for a second that on the Midas Touch network, we're going
8:14to forget the fact that the Epstein class cabal resides in the White House and
8:20they're currently covering up a child sex trafficking ring by also not producing 50 terabytes
8:26or so of documents, millions of documents that they're still not disclosing them.
8:31That's one of the reasons why we're also leading the boycott against the Trump state
8:36of the union. The people state of the union will be right here on the
8:40Midas Touch network. We have dozens of members of Congress and senators who will be
8:45speaking and not showing up to the state of the union, but they'll be here
8:49with the Midas Touch network.
8:51So what were other Trump regime officials?
8:54You had Kevin Hassett, Donald Trump's national economic advisor, blaming Democrats for the 1 .4
9:01percent GDP growth. These guys can take no accountability.
9:06It was the Democrats fault.
9:07It's Biden's fault. It's this, it's that.
9:09It's when, when, when y 'all are in charge, y 'all are in charge.
9:12Act like freaking leaders for once.
9:15You know what? Maybe just act like grownups because it will be major progress for
9:19you to simply act like adults.
9:21You know, frankly, children behave better than all of y 'all.
9:24Here, play this clip of Hassett.
9:26GDP up only 1 .4 percent on an annual basis, fourth quarter.
9:30That's not what President Trump wants to see, is it?
9:33Well, you know, the Democrat shutdown took about 2 percent off the number, according to
9:38the Council of Economic Advisors.
9:40So if you're really thinking about, like, what trajectory is the economy on right now,
9:44it's way north of 3.
9:46And if you look at the average of the three quarters since President Trump took
9:50office, you know, abstracting from the first quarter when it was, you know, mostly Joe
9:55Biden's quarter, then we're looking at growth of 3 .2 percent on average over the
9:59year. And so I think if you add back in the government shutdown number, which
10:03will bounce back at the first quarter, I think you could say that Trump's economy
10:06is running pretty close at 3 percent.
10:09Okay. At the top, well, I just don't want to talk about it.
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11:48Midas at checkout. And Hassett tries to spin the hotter than expected inflation as saying,
11:54yeah, something about Joe Biden, Joe Biden's fault.
11:58Here, play this clip. Just don't want to talk about inflation.
12:00The PCE, that picked up a little bit.
12:04That's not a great sign, is it?
12:06Well, I mean, it's just one month.
12:09The Consumer Price Index is headed right back towards the target.
12:11If we look at the details, there are a heck of a lot of things
12:14that are growing in the ones now.
12:17One of the things that happens, Stu, when you've got runaway inflation like we had
12:20in the Biden years, is kind of the price of everything is going up.
12:23And what we're seeing now is that there's a whole bunch of variation in what's
12:28going up and what's going down.
12:29There are a whole bunch of things below the target.
12:31And that's exactly what you see as the Fed reaches its target.
12:34At the top of the hour, the Supreme...
12:36Next state regime media asks Kevin Hassett about, you know, what do you say to
12:41the economists? You know, you claim that the economists who said that most of the
12:45tariffs are being passed on to consumers.
12:47You said that the economists who prepared that report from the New York Federal Reserve,
12:52these professional economists who wrote a study with data and detail and evidence showing that
12:57tariffs are passed on to consumers, which we all know they are.
13:00You said they deserve to be disciplined.
13:02What do you mean by that?
13:03Play this clip. Good. I've got to go to this New York Fed study.
13:07This is about... Oh, yes, sure.
13:09You know where I'm going here.
13:10The study said 86 % of the tariff burden falls on American businesses and American
13:15consumers. 86 % falls on us.
13:18You say the economists who came up with the study should be disciplined.
13:22What's your issue with the study?
13:25Yeah, you know, I probably got a little emotional when I said that, and I
13:29regret if the people who wrote the study feel like I personally attacked them.
13:32That was certainly not my intent.
13:33The bottom line is that the Federal Reserve itself needs to have a policy where,
13:38you know, the extreme gravitas of the Fed should be used to talk about monetary
13:43policy and not to go willy -nilly into every single political topic if they want
13:49to preserve their political independence.
13:50And by the way, don't we all remember when Howard Lutnick said that the GDP
13:57in Q4 would be gangbusters?
14:00Remember, he said, we own it in quarter four.
14:03It's gangbusters. It's ours. We own it.
14:07Okay, well, you own it.
14:08But now it's the Democrats' fault.
14:10Now it's... Anyway, here's the montage that our editor -in -chief, Ron Filipkowski, created here.
14:15Play this clip. It announces in the fourth quarter of 2025, this economy is going
14:20to be humming. Okay. Look.
14:23for the second quarter of 2026 to be amazing as all this money okay the
14:29donald trump economy we own the economy in the fourth quarter we start to get
14:35you know we get shovels in the ground i would say the first quarter of
14:38next year will be the best quarter job after job at the factory after factory
14:43they're coming and they're coming now so i would say one year from today you're
14:47going to see you're going to see job numbers in the second half of next
14:51year that are going to blow you away and i would say the first quarter
14:56of next year will be the best quarter for the golden age of america it's
14:59coming now you feel it now what's going on so the economy that donald trump
15:05owns starts at the end of this year you can't get think of the employment
15:10you look at next year's employment it is going to explode all these factories then
15:15you had maria bartiroma who claimed that she didn't even believe the gdp numbers i'm
15:20skeptical that these are the numbers trump said it was coming in so hot he
15:26said we've never been hotter before so if trump said we've never been hotter before
15:32how did that do you telling me that donald trump lies yes maria bartiroma we're
15:38telling you that the guy the sexual predator the felon the fraud the bankruptor of
15:46most of his businesses in life the the demented individual who goes on stage and
15:53starts uh rambling and not completing full sentences yeah the guy who's covering up the
16:00epstein files the guy who says he's been vindicated in there yeah that guy not
16:06a good guy bartiroma not a good guy bartiroma here play this clip of her
16:10i mean i'm skeptical too because you had a close to five percent number just
16:16a few months ago and now you're talking about 1 .4 percent um you know
16:21markets are on the move the dow is down 115 but if you have a
16:25slower economy and you have uh what wouldn't that indicate that the fed would want
16:31to lower interest rates although the pce being hotter than expected perhaps uh the changes
16:37the fed's uh directory what what does this say to the fed in terms of
16:42rate cuts jason it's it's a great question but and of course there's going to
16:46be new leadership and i i think again there's going to be more not to
16:50get too technical about this but there may be more of a focus on the
16:53balance sheet rather than rates and there's of course a connection but it's not it's
16:58not perfect connection and i i think it's uh and i think it's well in
17:03time that we do that that i think we should lower rates but also maybe
17:07tighten up the balance sheet of that too right and that's something scott besant has
17:11and then finally we have neil katyal along with his co -counsel who were responsible
17:16for arguing this case in the supreme court here's their statement let's play neil katyal
17:21joining us he argued against the tariffs in this case before the supreme court and
17:27lead plaintiff sarah albrecht neil thank you so much uh for joining us there thank
17:32you for joining us let me get both of your reactions neil i'll start with
17:35you um yeah so we um we're we have a couple of statements uh we
17:40won't be able to take questions these are our first remarks we've just seen the
17:43decision just heard it in the supreme court but today the united states supreme court
17:48stood up for the rule of law stood up for americans everywhere its message was
17:54simple presidents are powerful but our constitution is more powerful still in america you Only
18:01Congress, the chief justice, writing for six justices, said only Congress can impose taxes on
18:08the American people, and that's what tariffs are.
18:11Tariffs are taxes. I am so grateful for the leadership of the Liberty Justice Center,
18:17and in particular, the brilliant woman standing next to me, Sarah Albrecht, who masterminded this
18:23case, who took this case when so many others were afraid to stand up for
18:28the rule of law, who was dauntless in our defense of the Constitution.
18:32I'm also grateful to the five small business owners who stood up against these unjust,
18:38unconstitutional taxes. By taking a stand, they have paved the way for relief to tens
18:45of thousands of American businesses and hundreds of millions of Americans across the country.
18:51Folks, there you have it.
18:52Let me know what you think.
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