The MeidasTouch Podcast Trump Gets a Rude Awakening in AM as Plans Blow Up
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Oct 23, 2025 Trump faces a major setback as his $40 billion bailout for Argentina collapses, triggering a peso crisis. The podcast dives into the rising tides of public frustration and Trump's dismal economic approval ratings. Ben discusses how federal spending continues to rise despite promises of cuts, and highlights the economic expansion hitting pandemic-era lows. The episode also examines troubling allegations against Trump associates and reveals the GOP's reluctance to hold Trump accountable. Expect a mix of financial insight and political critique in this engaging discussion.
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Argentine Bailout Collapse Reveals Policy Failure
- The Argentine bailout of $40 billion failed as the peso collapsed and rates spiked, wasting taxpayer money.
- Ben Meiselas links this to broader economic deterioration and policy failures under Trump, calling it destructive intervention.
Spending Is Rising Despite Promises
- Real-time federal spending rose 7% year-over-year through October 20, 2025, contradicting claims of fiscal tightening.
- Meiselas argues spending increases and sharp ICE budget growth show Trump's administration is expanding expenditures, not cutting them.
Mild Recession Signals Hidden Economic Pain
- Multiple indicators point to a mild recession in October 2025, with bond markets reflecting weakness despite equity stability.
- Meiselas warns the economy may worsen and that stock markets mask underlying contraction.