The Great America Show - April 10, 2025


Thursday Update： April 10, 2025

Topics
inflation numbers unemployment fraud discoveries
Hosted by
John Fawcett Lou Dobbs
Mentioned
Donald Trump Mike Johnson Joe Biden Elon Musk Babylon Bee John Thune Doge
Wednesday Update： April 9, 2025 Friday Update： April 11, 2025

Episode Stats


Length

7 minutes

Words per minute

157.03

Word count

1,139

Sentence count

79

Harmful content

Hate speech

3

sentences flagged


Summary

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

House Republicans strike a deal on the budget, consumer prices fall, and the dollar hits a new low against the Chinese yuan. President Trump continues to press ahead with his plan to raise taxes on $200 billion worth of Chinese goods.

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 Fawcett with this Great America Show midday update for Thursday, April 10th.
00:00:04.840 Happy Thursday, folks.
00:00:06.300 A big, beautiful thing happening on Capitol Hill just moments ago.
00:00:09.780 House Republicans narrowly approving their budget framework.
00:00:13.100 This afternoon, a political turnaround after Speaker Mike Johnson worked into the night to satisfy those GOP,
00:00:20.000 we'll call them rhinos to be nice, holdouts who had refused to advance trillions of dollars in tax breaks without deeper spending cuts.
00:00:27.580 Speaker Johnson stood with Senate Majority Leader John Thune earlier this morning at the Capitol
00:00:31.900 and said President Trump's big, beautiful bill, which seeks as much as a trillion and a half dollars in cuts to federal spending and programs, was on track.
00:00:40.500 The Speaker had abruptly halted voting Wednesday night, saying, quote,
00:00:43.840 I believe we have the votes. We take a big next step coming tomorrow.
00:00:48.760 Thune also tried to assure House conservatives that the GOP senators are aligned with their pursuit of spending reductions.
00:00:55.220 Thune saying, quote, we certainly are going to do everything we can.
00:00:59.200 The 216 to 214 vote pushed the budget plan forward.
00:01:03.280 One more milestone for Speaker Mike Johnson, who could only use a few detractors from his slim Republican majority.
00:01:10.400 Failed vote, particularly as the economy was convulsing over President Trump's tariff war,
00:01:15.220 would have been a major setback for the party's agenda in Washington.
00:01:18.200 Now, speaking of those tariffs and the agenda, promises made, promises kept.
00:01:24.840 U.S. consumer prices, we have some indicators for you, folks.
00:01:27.180 U.S. consumer prices fell in March, pushed down by a decline in the price of goods.
00:01:32.460 That defies all predictions that President Trump's tariff plans would push prices up.
00:01:37.200 This was the first drop in consumer prices in nearly three years, folks.
00:01:42.340 Only the second decline since inflation accelerated under Joe Biden to the worst rates in decades.
00:01:47.760 Now, consumer price index fell by 0.1% compared with previous months, climbing each month since July of 2022.
00:01:55.180 Now, economists had forecasted prices would rise by 0.1%.
00:01:59.900 Core consumer prices, a measure that excludes volatile food and energy prices, rose by 0.1%.
00:02:05.200 Now, this is far less than the expected 0.3% that The Economist had projected.
00:02:12.120 This was the smallest rise in core prices since President Trump's first term as president.
00:02:16.880 Fall in prices mark a significant political victory for Donald Trump,
00:02:20.540 who said on the campaign trail that he would be bringing consumer prices down.
00:02:24.860 Now, that's not the only number that's down, folks.
00:02:27.480 Energy prices fell by 2.4% by the month, led by a 6.3% decline in gasoline prices.
00:02:35.200 Folks, promises made, promises kept.
00:02:38.560 Donald Trump doing all he can to get this economy going, you know, from the stagnation that Joe Biden left him.
00:02:47.520 He left him a very, very bad situation, and it's up to Donald Trump to get that number back down, get prices down.
00:02:54.800 Also, this month happening, what people are not talking about, you're not hearing them talking about on the Marxist left.
00:03:01.920 Inflation rate.
00:03:02.740 Inflation has decreased to 2.4% from March, also beating expectations from The Economist.
00:03:09.160 The Economist projected it was going to go to 2.7%.
00:03:12.220 Nope, we beat it at 2.4%.
00:03:15.340 Promises made, folks.
00:03:17.160 Promises kept.
00:03:18.160 Donald Trump doing a hell of a job.
00:03:20.480 The European Union has suspended its announced retaliatory tariffs against the United States and is in favor of a negotiation deal,
00:03:29.100 saying that it has taken note of Trump's tariff pause on every country except for China.
00:03:33.780 Quote, we want to give negotiations a chance, said the head of the European Commission on Thursday,
00:03:39.440 as she mirrored President Trump's move to suspend tariffs worldwide, except for the trade war that's minded for China.
00:03:45.540 China, of course, having their own reasons, they wanted to be the ones to F around and find out. 0.94
00:03:50.760 Well, now they're finding out.
00:03:52.240 That 10% baseline is still on for the European Union.
00:03:55.580 They're still paying that 10% retaliatory tariff, but that higher baseline tariff price has been paused for the time being.
00:04:04.180 Speaking of China, they wanted to be the ones to mess around and find out. 1.00
00:04:07.420 Well, folks, they are finding out the Chinese yuan has fallen to the lowest level since 2007.
00:04:13.680 That might be because of President Trump's 104% tariff on Chinese goods entering the United States.
00:04:21.020 The Chinese yuan fallen to the lowest level in 17 years.
00:04:24.840 The yuan ended the day at 7.3 to the U.S. dollar.
00:04:28.500 China has turned to the European Union and Southeast Asian nations as the trade war with the United States has escalated.
00:04:34.260 But they seemingly want no part of China.
00:04:36.460 And that's exactly what President Trump's plan is.
00:04:39.800 And it seems to be working because these folks are bad people.
00:04:43.820 And it's not the Chinese people. 0.98
00:04:45.040 It's the CCP and their leadership under Xi Jinping.
00:04:48.620 The scamming and fraud that they wanted to do is not working out so well.
00:04:52.980 Speaking of scamming and fraud, the Doge Committee has found three major findings regarding unemployment benefits,
00:05:00.560 including one discovery that left Elon Musk totally shocked.
00:05:03.620 He said it was so crazy that he had to read it several times.
00:05:08.980 On Wednesday, Doge announced its findings from an initial survey of unemployment insurance claims since 2020
00:05:14.640 and uncovered three stunning discoveries regarding the unemployment fraud.
00:05:19.640 Now, this isn't a Babylon Bee article, but take a listen to these numbers.
00:05:24.760 24,500 people over the age of 115 years old claimed $59 million in benefits.
00:05:31.980 Number two, 28,000 people under the age of five claimed $254 million in benefits.
00:05:39.880 And just under 10,000 people with birthdates over 15 years in the future claimed $69 million in benefits.
00:05:47.060 In one case, a person whose birthday was in 2154 claimed $41,000 in benefits.
00:05:54.140 Musk, of course, left stunned by the news that he shared with America saying,
00:05:58.720 quote, your tax dollars were going to pay fraudulent unemployment claims for fake people born in the future.
00:06:05.180 This is so crazy that I had to read it several times to let it sink in.
00:06:09.940 This, of course, folks, under the Biden regime.
00:06:12.680 Now, you wonder why these Marxist Dems are so terrified about the waste, fraud, and abuse that Elon Musk is uncovering.
00:06:19.460 So, go figure.
00:06:21.080 Folks, please be sure to join us today and each and every day for The Great America Show,
00:06:24.460 The Great America Show Midday Updates, where we bring you all the news that you need to know,
00:06:28.460 everything that's going on in the day.
00:06:30.120 Please be sure to follow us on social media, at JohnFawcettNY on Twitter,
00:06:34.820 at JohnFawcett on Truth Social.
00:06:36.520 And you can now follow us on Instagram, at The Great America Show.
00:06:39.960 I'm John Fawcett with this Midday Update.
00:06:41.800 We'll see you at 6 Eastern for The Great America Show, folks.
00:06:44.600 Have a great day.
00:06:45.220 I'm John Fawcett.