Stocks hit new record, Trump PANICS about RFK at debates
The David Pakman Show - May 16, 2024
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MAGA in shambles as stocks hit ANOTHER all-time high
The stock market set a record high this week, prompting a discussion on the accuracy of former President Donald Trump's predictions about its performance under President Joe Biden. Despite Trump's warnings of an impending economic collapse akin to the Great Depression under Biden's leadership, the market continues to soar. Economic indicators such as inflation, GDP growth, and unemployment rates contradict Trump's dire forecasts. A myriad of factors influence stock market trends, including global economic conditions, governmental policies like taxation, tariffs, fiscal decisions, trade agreements, and monetary policies set by the Federal Reserve. While presidents have a role in shaping market sentiment and policy, market dynamics extend far beyond the confines of political influence. Ultimately, this country needs a more nuanced understanding of market behavior, beyond simplistic attributions to who is president.
Softball Trump interview goes horribly wrong: "You know water?"
Former President Donald Trump's interview with right-wing radio host Hugh Hewitt took an unexpected turn, showcasing Trump's struggles to maintain coherence. Trump's confused rant about water and his fixation on plumbing and water pressure highlighted his unconventional thought process. Hewitt's attempts to steer the conversation away from Trump's ramblings, particularly his struggle to locate Trump's statement on the debate, underscored the interview's awkwardness. Moreover, Trump's disparaging remarks about Jewish Americans and his questionable comments about LeBron James and Hillary Clinton added further controversy to the discussion. The interview's unraveling exemplified the challenges Trump faced in maintaining credibility, even in friendly media environments.
From yesterday’s show:
Biden challenges Trump to debate, Trump ACCEPTS!
Joe Biden has challenged Donald Trump to two debates, a surprise move after a period of debate silence. Trump accepted via Truth Social, proposing additional debates. While the special conditions aren't groundbreaking, Trump's acceptance marks a departure from his prior resistance to the Commission on Presidential Debates. The debates are slated for late June and September, strategically timed between trials and before the conventions and the election. Low expectations set by Trump may inadvertently benefit Biden, who tends to perform adequately despite predictions of failure. However, the debates hold asymmetrical risks as a disastrous performance could alienate supporters. While debates may not sway opinions significantly, they provide insight into candidates' abilities to handle high-pressure situations with global implications.
From yesterday’s show:
Vivek's PAINFULLY cringe take on Trump criminal trial
Vivek Ramaswamy, a former Republican presidential candidate, recently discussed a thought experiment regarding Trump's first criminal trial. Ramaswamy proposes a scenario where flipping the alleged crime would still result in condemnation, suggesting politicized persecution. He argues that if Trump used campaign funds for a hush money payment instead of personal funds, critics would still find fault. However, this argument makes no sense, as the opposite of the alleged crime would be not committing it at all. Despite this, Ramaswamy's argument is hailed by some as insightful within certain circles, reminiscent of similar defenses seen in other controversial figures like Jordan Peterson. This incident highlights the tendency within certain ideological movements to deflect criticism by attributing misunderstanding to the critics' lack of intelligence.
More on the show:
-- Federico Finchelstein, world-renowned expert on fascism, populism, and dictatorship and Professor of History at the New School for Social Research, joins David to discuss his new book, "The Wannabe Fascists: A Guide to Understanding the Greatest Threat to Democracy." Get the book: https://amzn.to/3wJL5TW
-- Debunking the false notion held by some that Joe Biden and Donald Trump are effectively the same
-- President Joe Biden's challenge of Donald Trump to multiple presidential debates appears to have broken the brains of right wing commentators
-- Debating Joe Biden could massively backfire for Donald Trump
-- Hugh Hewitt's softball interview of Donald Trump goes horribly wrong as Trump is unable to behave coherently
-- Voicemail caller's mom is descending into a conspiracy theory spiral
-- On the Bonus Show: Target scales back LGBTQ+ merchandise ahead of Pride month, more Americans falling behind on credit card bills, crew trapped on Baltimore ship seven weeks after bridge collapse, much more...
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