The Great America Show - May 30, 2025


Friday Update： May 30, 2025

Topics
economy and trade updates FBI sources on January 6th
Hosted by
John Fawcett Lou Dobbs
Mentioned
Donald Trump Jake Tapper Kash Patel Biden Christopher Wray Brett Baer Epstein Bowser
Thursday Update： May 29, 2025 The Great America Saturday Show： May 31, 2025

Episode Stats


Length

6 minutes

Words per minute

175.53

Word count

1,163

Sentence count

94

Harmful content

Hate speech

1

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Trade Deficit Falls More Than Expected, Core Inflation Falls to 4-Year Lowest Rate in 4 Years, Consumer Spending Climbs 0.1%, Durable Durable Goods Falls 1.9%, Retail Sales Fell 0.4%, Industrial Production Falls 0.2%, Retail Trade Deficit Declines 0.6%, Consumer Spending Unchanged 0.3%, Consumer Durable Product Decline of 0.5%, Producer Prices Unchanged 1.1%

Transcript

Transcript generated with Whisper (turbo).
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 Hello, everybody. I'm John Fossett with this Great America Show midday update for Friday, May 30th.
00:00:04.740 We've got some great economic numbers out, folks. The economy is humming under this Trump
00:00:09.960 administration. Now, it's funny because just about a month ago, the Marxist Dems, the mainstream
00:00:14.340 media all came out and told us the thing was imploding. It was exploding. Donald Trump was
00:00:19.040 steering us into trade wars. Donald Trump was getting us into all types of problems.
00:00:23.380 It turns out the new economic numbers out today, it paints quite a different picture,
00:00:27.520 especially when it comes to trade. The U.S. trade deficit in goods contracted far more than
00:00:33.480 expected in April, falling from March's record high of $162.3 billion to $87.6 billion,
00:00:41.180 according to the Commerce Department's initial estimates released this afternoon.
00:00:45.500 Now, economists had forecasted a $143 billion estimate. Imports of goods from April were $276
00:00:52.860 billion, $68 billion less than March imports. Goods exports rose $6.3 billion to $188.5 billion.
00:01:01.180 And that's not the only good news, as the great Billy Mays from OxyClean used to say.
00:01:06.120 But wait, there's more. Core inflation has fallen to the lowest rate in four years. Prices barely
00:01:13.460 climbed in April, pulling the annual rate of inflation down towards the Federal Reserve's 2%
00:01:18.900 target, even while personal income climbed at a rapid rate. Personal consumption price index
00:01:25.260 climbed 0.1% in April, the second month in a row which consumers got relief from inflation
00:01:29.800 that has plagued the economy throughout the entire Biden administration. Back in March,
00:01:34.580 the index showed prices were flat. Now, compared with a year ago, prices are up just 2.1%.
00:01:39.620 That's one-tenth above the 2% rate of inflation that the Fed looks to target. Not bad, right?
00:01:46.100 Not bad. But they told us President Trump was going to sink the economy. He was very bad for it.
00:01:51.900 Turned out to be nothing more than just a bunch of nonsense. Now, just north of the border of America
00:01:58.720 sits Canada. Canada is not doing as well as America. Canada is, in fact, entering a recession
00:02:05.440 and could soon lose an additional 100,000 jobs. T.D. Bank's chief economist recently warning of this
00:02:12.680 issue. Now, we're not cheering for a recession in Canada, but they did just elect a socialist
00:02:18.120 president, right? They've got a socialist running their country. So, with socialism comes things like
00:02:23.980 this. Also, Donald Trump decided back in January he was not going to allow Canada to continue to rip
00:02:31.020 off America. I guess the old saying of F around and find out is really starting to pay off when it 0.75
00:02:37.560 comes to Canada. Maybe they shouldn't have to round and they wouldn't have found out. Taking
00:02:41.160 advantage of America, it's not exactly the smart thing to do when Donald Trump is the president of
00:02:47.220 the United States. Speaking of the United States, the U.S. Appeals Court has reinstated President
00:02:52.580 Trump's tariffs. Just this week, you had an unelected, of course, Marxist rogue judge who said
00:02:59.160 Donald Trump is unable, as President of the United States, to use any sort of Emergency Powers Act
00:03:03.860 to impose tariffs. Well, while we wait for a higher ruling, the U.S. Appeals Court has said,
00:03:09.700 no, he's allowed to do that. So, we're sorry, Marxist Dems. You guys have lost once again.
00:03:16.000 Kash Patel over at the FBI. It seems the FBI may finally be getting the steamrolling in the Bureau.
00:03:21.760 This week, FBI Director Kash Patel sat down with Brett Baer and said that information is coming
00:03:27.600 out on FBI agents and partners who were working on grounds of the January 6th insurrection outside
00:03:36.540 and inside the Capitol. Take a listen to Director Patel. But more importantly, people have had
00:03:43.060 questions about January 6th and whether or not there were FBI sources, not agents, sources on the ground
00:03:49.180 during January 6th. And I told you I would get you the definitive answer to that. And we have. And
00:03:54.840 we are in the process, again, of working with our partners to divulge that information. And it is
00:03:59.320 coming. And I will tell you this. The answer to that question will surprise and shock people because
00:04:06.060 of what past FBI leaders have said about it. Former FBI Director Chris Wray eventually admitted to
00:04:11.020 Congress, there were 26 FBI confidential human sources in around the Capitol, January 6th, but not actual
00:04:17.780 agents. Can you say that's true? Are there more than that? What you're learning from that?
00:04:25.660 I can say that that is definitely a piece of the truth. Why it took
00:04:30.420 a ton of time for and questioning in Congress for the director to get that point is what I'm trying
00:04:39.180 to eliminate from the FBI. If Congress asks you a question under oath, whether or not there were
00:04:43.720 sources in around January 6th at the Capitol, you as the director of the FBI need to know that
00:04:48.880 and not deflect and give a D.C. answer. You have to be prepared for that. And that's the answer
00:04:54.320 we're giving. That's the answer Chris Wray should have given. And eventually everybody's going to
00:04:57.920 know the whole picture. Yeah, because the American people deserve that. And look, no one's more
00:05:03.660 frustrated than me. Remember, I was chief of staff of the Department of Defense on January 6th. We said
00:05:08.340 that we were ready and the president had previously authorized the National Guard to be there days in
00:05:14.540 advance. I spent two years, a small fortune, grand juries to testify to the truth. And what happens now
00:05:21.920 years later, we were right. Bowser and Pelosi rejected that offer. And instead of figuring out
00:05:28.420 how to prevent security lapses like that ever again, the American public spent tens of millions
00:05:33.660 of dollars and countless hours on TV listening to conspiracy theories because those in positions
00:05:39.580 of leadership fail to tell the American public the truth. The truth is all we want to know, Mr. Patel.
00:05:45.000 That's all we've been asking for for the last few months. Just let us know and we'll make our decisions
00:05:49.980 from here on out and there on out. You can start with the Epstein tapes that we've all been waiting
00:05:55.520 for. They're taking just a little bit too long. Poetic justice, folks. Jake Tapper's CNN show
00:06:01.200 is seeing slight ratings collapse despite his Biden book buzz and his media tour. Jake Tapper is
00:06:08.040 everywhere these days doing an interview to push his new book about Biden's mental health decline,
00:06:11.980 but it's not helping the ratings on his CNN show. Jake Tapper had the lowest rated month in nearly
00:06:18.720 a decade in May despite his whirlwind of publicity. Folks, nobody wants to listen to fake news.
00:06:26.320 Nobody wants to hear it. And that's why they're tuning out. Jake Tapper. Please be sure to join us
00:06:30.760 each and every day, twice a day for The Great America Show and The Great America Show midday
00:06:34.260 update. I'm John Fawcett with this midday update. Happy Friday, folks.