Legal AF by MeidasTouch - Trump Gets WORST NEWS OF CAMPAIGN on KEY ISSUE

Episode Date: August 12, 2024

VP Harris just added a major key to unlock the door to the White House to her key chain: new polling says that MORE VOTERS TRUST HER WITH THE ECONOMY THAN TRUMP, a first in polling that will pay huge dividends for the Harris-Walz campaign. Michael Popok, with his unique Wall Street insight, explains why this is big news. For their buy 1 get 1 50% off deal, head to https://3DayBlinds.com/LEGALAF Visit https://meidastouch.com for more! Join the Legal AF Patreon: https://Patreon.com/LegalAF Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown Lights On with Jessica Denson: https://www.meidastouch.com/tag/lights-on-with-jessica-denson On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Coalition of the Sane: https://meidasnews.com/tag/coalition-of-the-sane Learn more about your ad choices. Visit megaphone.fm/adchoices

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Benefits vary by card, other conditions apply. This is Michael Popock, Legal AF. Kamala Harris just got an important new key on her key chain to unlock the door of the presidency. More people now believe that she's more capable to handle the economy than Donald Trump, and that's a big deal. So says the Financial Times in doing their reporting. Now it's 42% in favor of Kamala Harris and 41% for Donald Trump. That's a

huge increase for how people saw Joe Biden, even though it was the Biden and Harris administration. Is there any doubt that this is a major development because people vote with their pocketbooks. They vote in a self-interested way sometimes before even big picture items that are at the top of the democratic agenda. Sometimes it comes down to around the kitchen table and pocketbook and purse issues and wallet issues. And this is a great sign for Kamala Harris. It should come as no surprise. For some reason, led by MAGA revisionist history, people believe that the Democrats are less capable and less productive in handling the economy than the Republicans, and nothing could be further from the truth. Let's just do some statistics as to why people are now coming around to understanding that Kamala Harris and the Harris administration are going to put them in a much better place paycheck to paycheck security, economic security,

than Donald Trump, who spent money like a drunken sailor who has no discipline. He has no discipline in his own business life, hence his 34 business fraud felony convictions, hence his finding of a $500 million judgment against him for civil fraud being conducted for 10 years by his businesses in New York, hence his bankruptcies, hence his tax fraud that's been going on for years to the tune of over $100 million. You would trust this person to run your economy? As I joked about JD Vance, I wouldn't trust him to run a bath. Look at the numbers in the Harris administration, the Biden-Harris administration, and you'll know why. The Biden-Harris administration created more jobs than ever in the history of America. More people are working in America than in any other time in our history. They made over 11 million new

jobs. The unemployment rate down to historic low of 3.5%. Donald Trump had the employment rate at 6.4%, almost double. That is one major accomplishment. Jobs gained during the Biden-Harris administration, and we can expect more from Kamala Harris, 11 million versus 2.7 million lost during the Trump administration. Donald Trump said he was going to be tough on the trade deficit between what we sell abroad and what we buy from abroad. You know what happened during his administration? The trade deficit went up. It increased by 36%. the trade deficit went up. It increased by 36%. Uninsured Americans under the Trump administration increased by over three million people. Economic growth under Donald Trump was down 2.2% when compared to an increase in the economic growth by over 3% in the Biden-Harris administration. How about the national debt? How much they spent? Donald Trump, as I said,

is a drunken sailor with nothing to lose. He increased the national debt by 39%. Biden-Harris, even with the pandemic, even with the stimulus money, only increased the national deficit by 25%. Consumer price index CPI under Donald Trump, a whopping 7.8%. If you look at the gross domestic product, how much we made was about the same, but the unemployment rate, much better under Kamala Harris and Joe Biden. Inflation is the one area post-COVID with lots of manufacturers trying to take advantage of a post-COVID economy. A little bit of price gouging going on there. That has been a little bit of the bane of the Biden administration. I don't expect that to continue into the Harris administration.

And there are ways, of course, for the president to control that. So overall, is it any surprise that that Kamala Harris wouldn't be rewarded for the economic success of the Biden administration? Everybody's working. Unemployment is down. Manufacturing alone, the manufacturing segment of this country, including in chip manufacturing, is up over $300 billion. And there's more high tech workers than ever before. 11 states have their lowest unemployment rate ever. Another 17 states have an unemployment rate of below 3.5%.

Infrastructure heavily invested in, which will pay dividends into the Kamala Harris administration, including in public transit, in roads and bridges, and high-speed internet for all. Our grid, our electric grid, our power grid, better protected, chip manufacturing up, oil production, petroleum production up, all under, while Kamala Harris was Joe Biden's partner. Look at my recording studio. You don't think I worry about window treatments?

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D-A-Y, blinds.com slash Legal AF. It is now just seeping into the water supply. People now recognize that Kamala Harris is a proper steward of the economy because they just showed what they could do. She wasn't, yes, she wasn't president, but it'll only get better for her. Now they walked around, Donald Trump walked around

because he thought it was cute to try to tank the American economy before he gets in. That is their tell. They wanna do everything to rock the boat, take the American economy offline so they can argue that it's better under Republican and under MAGA. Didn't work.

The Kamala crash didn't really happen. It really wasn't her fault. It had to do with other worldwide events. The, I worked on Wall Street on the law side. I can tell you the brokers are not thinking Kamala Harris is gonna be bad for them. JD Vance sent a chill down Wall Street's spine because he was not their pick.

He is anti Wall Street. He is allegedly pro Main Street, whatever that means, given his policies. Yes, there's a bunch of people that are hosting fundraisers on Wall Street for Donald Trump, including one of my old bosses, but that doesn't mean that Wall Street by and large thinks that Kamala Harris is going to be anything but a great president. I mean, Wall Street will line up behind the Harris administration relatively quickly. She will appoint an amazing Treasury Secretary or reappoint Janet Yellen. She'll bring in somebody to head up the Fed as necessary, or she'll keep Powell on board.

She will be announcing her economic team to calm everybody's jagged nerves very, very soon. You'll be very impressed, I'm sure, with who Kamala Harris puts into her cabinet. Who's going to be her attorney general? Is it going to be Josh Shapiro from Pennsylvania? That would be my pick. I think the people are clamoring for that, some integrity back. I'm not sure Merrick Garland survives. I think Kamala Harris has the right to have her own

attorney general. We have that going on, but also who she appoints for defense, who she appoints for secretary of state. The good news is the people that matter, the voters, are finally seeing Kamala Harris for what she is. She should be getting the pat on the back for a very, very successful economic presidency alongside Joe Biden. There's no other way to put the numbers. You can't spin the numbers. The only one is that stubborn inflation number. Sure, I don't like paying more. Then there's families around America who can't afford to pay more for basics. I think Joe Biden has worked to cut that inflation number in half.

It's heading and trending in the right direction as are gas prices, which are not completely in the control of the presidency. And by the time it's time to vote in November, I think we're gonna see even lower food prices at the supermarket and even lower gas prices at the pump while people continue to be incentivized to use other types

of transportation, including electric vehicles. I have an EV, not because Joe Biden told me to, not because I thought I was going to go to prison under the Democratic administration if I didn't get one, because I thought it was a good way for me to contribute to the environment, to cleaning the environment and to get us off of oil dependency. That's my small part, one household at a time. I think this is a great sign, not getting enough publicity, that Kamala Harris has now seen as turned the page and turned the corner on being seen as a credible, viable, serious administrator of our economy

and making the trains run on time. I think it's very, very important and it will pay dividends and we'll see it show up in other polling results now that the financial times has come forward with what they have now. The keys to winning an election, and there's seven or eight of them, many of them go along with economic,

where people feel from a consumer confidence and from economics. People vote with their purses, pocketbooks and wallets, electronic or otherwise. They just do. And issues are important. Morals are important. Values are important. But I wasn't shocked that people suddenly woke up and said, shocked that people suddenly woke up and said, I'm not sure that the persistent fraudster facing hundreds and hundreds, half a billion dollars worth of judgments, who's gone bankrupt three times, who's been convicted of 34 felony counts related to business fraud and the operation of his business. I'm not sure he's the right guy to promise me anything. I mean, sure, Donald Trump's out there trying to shake the

tambourine and get people to vote for him again. Oh, no taxes on tips for people in the service economy. Oh, yeah. None of that's going to happen. The rich got richer under Donald Trump. The poor got poorer. Jobs got lost. The economy was in shambles. The infrastructure was in shambles. How soon we forget, not on the Midas Touch or Legal AF Network, but in general. This is a great sign. This is another key on our key chain to unlock that door towards the presidency and become Madam President. And we're all here for it, right here on the Midas Touch Network and on Legal AF. Tune in on Wednesdays and Saturdays. I got a podcast. I do it on Wednesdays with Karen Friedman at Knifilow. On Saturdays with Ben Mycelis, we call it Legal AF. And now you know why. We sit at the intersection of law and politics

and bring it to you the way that only practicing lawyers who know politics as well can do it. Unplugged, uncensored, no smoke or sunshine, Wednesday, Saturdays, 8 p.m. Watch us live record the podcast and then you can pick us up on any audio podcast platform. Just plug in Legal AF. So until my next hot take, until my next Legal AF, this is Michael Popak reporting. Heary, heary. Legal AF Law Breakdown is now in session. Go beyond the headlines and get a deep dive into the important legal concepts you need to know and we discuss every day on Legal AF. Exclusive content you won't find anywhere else,

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