Trump Freaks Out About the Possibility of A Recession: A Closer Look

Trump Freaks Out About the Possibility of A Recession: A Closer Look

-President Trump has been
freaking out about
the possibility of a recession.
For more on this,
it’s time for “A Closer Look.”
[ Cheers and applause ]
If there’s one thing Trump
loves to brag about,
it’s the stock market.
He talks about it constantly,
and by talks about it,
I, of course,
mean he lies about it
because he lies
about everything.
I would say lying for him
is as natural as breathing,
but he’s not great
at breathing either.
-[ Panting ]
[ Laughter ]
-In fact, this week
the “Washington Post” published
an exhaustive study that found
that as of August 5th,
Trump made over 12,000 false or
misleading claims as president.
Which means that Trump said
something false about
once every three hours
on average.
Once every three hours,
that means he has to wake up
in the middle of the night
just so he can get his lies in.
-“Russia’s a witch hunt.”
[ Laughter ]
[ Applause ]
How does he even keep track?
He must have like a Fitbit
for lies.
Like a — like a Fib-bit
“Oh, no. I need to get my 10,000
lies in.
I better hold a rally.”
[ Laughter ]
Trump’s apparently told so many
lies that if he never told a lie
ever again in his life
he would still have average
8.7 untrue claims per day over
the span of his first term,
even though, under this
imaginary scenario,
he hasn’t said anything untrue
in more than a year.
First of all, let’s just bask
in that imaginary scenario
where Trump hasn’t said anything
untrue in more than a year.
I mean, imagine what his rallies
would be like
“Folks, people are coming
to the border
and they’re seeking asylum,
which is perfectly legal.
And we should welcome them
because diversity
is our strength.
Also, I’m terrible —
I’m terrible at golf.
[ Cheers and applause ]
In fact, Trump gave —
Trump gave a speech on energy
to workers in Pennsylvania
on Tuesday,
and it was one reporters job
to basically sum
the whole thing up.
It’s what’s known in politics
as the pool report.
And here is the actual
White House pool report
summing up Trump’s speech.
“In a 60 minute speech,
that at times resembled
a campaign rally,
the President meandered
through several topics, meaning
have little to do with energy.
He talked about trade,
immigration, trucks,
emoluments, his 2016 victory,
union leaders, his poll numbers,
the media, steel, China, the
amount of money he believes
he’s losing as president,
the Green New Deal,
windmills, the WTO screwing us,
President Obama’s book deal,
Hillary Clinton’s comments
on coal workers,
pipelines and New York, Iran,
veterans choice and more.
Oh, my God.
That sounded like a months worth
of “Jeopardy” categories.
I’ll take windmills for $400.
The answer, this famous idiot
believe they cause cancer.
[ Laughter ]
[ Cheers and applause ]
They cause cancer.
In fact, one of the lies Trump
told at that speech was about
the various lawsuits against
him, including a lawsuit
alleging that he is
violating a section
of the constitution that
specifically prohibits
what are known as emoluments
or gifts
from foreign governments.
For example, a Saudi-funded
lobbyist paid
for 500 rooms at Trump’s hotel
after the 2016 election.
Does Trump’s hotel
even have 500 rooms?
I just assume there was a lobby,
and if you went upstairs,
it was just fake doors painted
on the walls.
Now, that seems like a pretty
clear violation
of the constitution,
and yet Trump
wasn’t concerned about that.
He complained instead
about how much
the lawsuits were supposedly
costing him.
-This thing is costing me a
fortune being president.
Somebody said, oh, he might have
rented a room
to a man from Saudi Arabia
for $500.
What about the $5 billion
that I’ll lose.
It will probably cost me,
including upside, downside,
lawyers ’cause everyday
they sue me for something.
These are the
most litigious people.
It’s probably costing me
from 3 to $5 billion.
-I don’t believe you’re losing
$3 to $5 billion from lawsuits.
I would believe you’re losing
$3 to $5 billion
just from, you now,
like being Donald Trump.
I mean, you lost $1 billion
in ten years,
and that was in
the ’80s and ’90s,
when everyone was making money.
I mean, back then a little kid
could open a lemonade stand
and make enough money
to buy a Bugati.
So Trump lies about everything,
and the stock market
is no exception.
But if you compare his record to
the previous Presidents,
it’s not as impressive.
In fact, if you look at
the change in
the Dow Jones industrial average
over the same period of time,
Clinton saw 41.4 percent
Obama saw a 41.7 percent
and Trump has seen
a 30.1 percent increase.
So, Trump’s been outdone by
Clinton and Obama,
the two presidents
he hates the most.
The only way that could be more
embarrassing for Trump
is if he did loose
$3 to $5 billion
and they had to repossess
his penthouse
and rename it Hillary Tower.
[ Cheers and applause ]
More importantly —
more importantly, the stock
market is not the whole economy.
In fact, most working people
aren’t really invested
in the stock market.
It’s mostly just a sign at how
the wealthy few are fairing.
In fact, one study found nearly
40 percent of the market
is owned by the richest
one percent of the population
while bottom 90 percent
of the population
owns just 19%
of stock market wealth.
Basically, for a lot of people
the stock market numbers
in the bottom of the CNN corner
are just something
you staring at while
waiting for your flight.
It’s like, “I don’t know.
I guess green is good
and red is bad.
I’m gonna go to the Cinnabon.”
[ Laughter ]
Trump’s economic policy
has only benefited
the elite few to begin with,
and that a recession
seems like it might
be on the horizon,
he’s freaking out because for
two years he’s been able
to coast on the economic tide
left by Obama while ignoring
the growing wealth gap,
massive inequality
or the shuttering factories in
states he promised to rescue.
In fact, Trump is so desperate
for something to brag about
that during that rambling speech
in Pennsylvania
he touted the Shell plant
that was about to open
and repeatedly claimed
credit for it.
-This would have never happened
without me and us,
this would have never happened.
It was the Trump administration
that made it possible.
No one else.
Without us, you would never have
been able to do this.
-There you go.
The Shell plant would never
would have happened
without Trump.
Just one problem.
Shell announced its plans
to build a complex
in 2012 when President
Barack Obama was in office.
“Oh, it’s been three hours.
Better check my fib-bit.”
[ Laughter ]
I mean, he’s taking credit
for a plant
that was announced
when Obama was in office.
What’s next?
“Do you know I killed
Osama bin Laden?
I swear it’s true.
I have —
I have a very real photo
to prove it.”
[ Laughter ]
Trump is freaking out
about the possibility
of a recession after spending
2 1/2 years
catering the wealthy elite.
He doesn’t care about growing
or shuttering factories.
We’ve got a lot of problems,
and in many cases…
-It was the Trump administration
that made it possible.
-This has been “A Closer Look.”
[ Cheers and applause ]

100 thoughts on “Trump Freaks Out About the Possibility of A Recession: A Closer Look”

  1. Trump is in a permanent state of being freaked-out about everything, even Ivanka cheating on him with her other husband, Kushner "the Norman Bates" look alike.

  2. Now I know what that commenter meant about the guy in the yellow shirt standing behind drumphf. That poor guy's face says it all. He can't get paid unless he went to that lousy rally. He will get the last laugh. I love their body language, that one guy who clapped stopped real fast. He gave himself away.

  3. Thanks, Seth, for your GREAT show!!! Please keep on keepin' on!!!! The FAT, LYING, ORANGE IMBECILE keeps distracting daily with something more stupid than the previous day. What the hell is he still doing in OUR WHITE HOUSE???? He's laughing all the way to the bank!!!!

  4. Seth, interview Andrew Yang. He’s all about changing those measurements of success from the stock market index to the New American Scorecard

  5. Fun fact these late night hosts actually got President Trump elected because they give him a platform and constantly talk about him

  6. Everything DEMOCRATS have try on President Trump has backed fired , better START PRAYING President Trump gets re elected otherwise your OUTTA a job

  7. I disagree on this issue why lots people out shopping and eat out and buy new items in stores, new vehicles, how can say this, ??????

  8. "For revolting barbarity and shameless hypocrisy, America reigns without a rival."
    – Frederick Douglass, July 4, 1852         This was true then and it remains true to today.

  9. [1990 was bad year in factory work try make 5.50 hour back then most single get less why others get more. Been going on years and years. Blame Democratic back then. Pocket the money for them self. All Democratic did for them self. Hilary Clinton pocket on drug dealers and bad guys in Mexico????

  10. STOP!!… Democrats–you are over. Who is your candidate–Warren?? Really?? My goodness. Accept it–Trump again in 2020. DONE DEAL. Meyers, you are not funny–except for a SMALL group of your audience who are ignorant and provide fake laughs…GOD help us. Please ZOMBIES get help.

  11. Invisible Russian collusion , racist lies isn’t working. Say there is a fake recession coming . Sad Democrats

  12. History has proven Republican Administrations drove the USA into recessions each time. GW Bush orchestrated the past one. The Country's economy does much better under Democratic Administrations. Fact check this on Google.

  13. When the recession comes, Trump will simply say that it is "fake news" and make up his own numbers on how the economy is doing.

  14. How many fucking vacations does Meyers and Colbert need. Count me out as a fan. I think their vacation days out number their work days.

  15. I’ll give Trump credit for one thing. He took the term “village idiot” to a whole new level: Global Idiot. Me thinks he’ll never be surpassed.

  16. A recession is Obama's fault or it's because of Hillary's emails. Not sure how but his cult worshippers will figure out a way to blame anyone but their fat orange face God Trump.

  17. American tax payers are paying him millions to stay in his own resorts. He’s taking in millions in increased revenue since his followers/foreign politicians all want to stay there to schmooze with him. He’s been getting sued since the 70s.

  18. NYT Expose' on Trump's collusion with Russia:

    New York Times executive editor Dean Baquet accidentally admitted to the whole wide world that for two years his far-left newspaper was “built” around spreading a hoax.

    When I say “accidentally,” what I mean is that he likely didn’t know he was being secretly recorded and that his remarks would be made public.

    He also admitted the Times’ staff is loaded with left-wingers “who cheer us when we take on Donald Trump, but they jeer at us when we take on Joe Biden.”

    Yeah, there’s a real shocker.

    Slate somehow got a hold of a recording of a company-wide meeting Baquet held with his left-wing staffers, and it is an illuminating look, not only at the fall of the Times’ own credibility, but how the news media in general has been infested with entitled, left-wing cry-bullies who only want to see the media used — not to inform the public — but to propagandize left-wing causes.

    What I mean is that the whole reason for this meeting was to placate a newsroom full of babies who are still pouting over that one time the Times did not slam Trump in a headline.

    Here’s Baquet admitting that for two whole years — two years, y’all — his lousy newspaper was “built” around the Russia Collusion Hoax:

    It got trickier after [inaudible] … went from being a story about whether the Trump campaign had colluded with Russia and obstruction of justice to being a more head-on story about the president’s character. We built our newsroom to cover one story, and we did it truly well.

    “Did it truly well”???

    For two years he misled his readers into believing Trump colluded with Russia, even though there was not a shred of evidence proving Trump colluded with Russia.

  19. The USA, whist stating to be the most democratic of al nations, voted via a democratic election system and the following day you all seemed to want to change your mind, or so it would appear. I have not seen any more recent numbers. This video is a total embarrassment to the USA with ‘canned laughter’, apparently, and you as the vocalist trying to be funny. Well, you are not funny.
    It is time for you lot to grow up and support your nation that you claim to be the best on the planet. Take a good look at yourselves and decide what you can do to regain international credibility. Go on. I dare you to!

  20. It will be all your fault dump with your dumb uneducated lieing ass, and we wont have president Obama to bail us out of this ression like he did have dumb,dumb at the wheel. God help us all. A guy that had 6 bankruptcies what do you expect, take that you dumb ass cult supporters assholes.

  21. Trump lost money with 2 casinos and then you all made him your president. It's been hilarious watching him now destroy your country and economy. Trumps not the problem ,Americans are. If he didnt have huge amounts of people supporting him he wouldnt have an ounce of power. It's the people who did nothing when they the politicians made bribery legal and gave business the same rights as individuals. If you dont care enough about your government and country to stand up against that ,then your never going to stand for anything. So I suggest grab a good seat ,watching the downward spiral of America into a militaristic ,fascist state has been fun to watch. Seeing americans kill each other has been some of my happiest recent momories. Better that then America or one of their allies like Israel killing innocent people.

  22. For Fox News to say the Democrats want a. Recession and that the media wants a recession is downright stupid why would they want a recession that would hurt the American people and inherit a recession?

  23. Trump DID take credit for killing bin Laden, though. It's harder and harder to make jokes these days, because they all come true.

  24. We seen what happen during the last Recession Obama continued it 8 years long with a 11 trillion heaped on to the national debt and Democrats think this bum is God.

  25. What a relief to hear you say, most Americans are not in the stock market. Most Americans cannot even think of buying stocks, with bills and costs of living is huge and growing.

  26. Trump will buy Greenland to make sure a recession happens… and to find a home for illegal aliens too. But, if that does not make liberals happy, he'll attack Iran to create a real recession and more debt. You're all so patriotic!

  27. if this guy was Donald trump 24 /7 he's be as popular as trump, because acting like an idiot is hilarious, the only advantage trump has is that he actually is an idiot so people laugh at him more 🙂

  28. What a BUNCH o Fuckin Loosers ! Trump freakin Out ? You fuckin liers ! as for the Jerk callin Trump suporters a CULT ?? You are Obviously a Cult Swillin DEM without a Brain in your head !

  29. The Trump Slump is so avoidable….but whenever you start trade wars, taxing imports for no good or benefit to anyone you get a slump.  Add racist and elitist statements it's a mirror of the 1930's almost, and we know how that ended.

  30. If the recession occurs, it will be because Millennials didn’t take correct jobs, took too much vacation time and focused on social media and video games instead of hard work. We knew this back when they voted for Obama. President Trump needs to handle these kids and rein them in before they sabotage the economy.

  31. Not exactly right about the stock market. It is true that most people have no direct investments in the stock market. But many workers have a retirement plan and most retirement plans have some or all of the money invested in stocks.

  32. The stock market is a show, that is made up by the media .. they can change it at will … and trump is pbbly involved .. the media wants to restore him and sacrifice the clintons … but hes also connected to jewish donors … i saw many images of him with a jewish hat and praying at a temple wall …

  33. … the Trump administration is responsible for opening the shell plant… no one else, so he says… so…the government is the sole entity in charge of making jobs and what kind of jobs…
    Stinks of a reference to big government…
    but also, isn't the Govt being the sole decider of what production is done within the country (hence responsible for the plants that things are produced in) kinda what happened in the USSR?
    Correct my understanding but didn't USSR kinda revolve around Socialism that conservatives are always whining about?

  34. Seth is going insane with President Trump, he hasn’t made a joke in years. Does he realise there are topics other than the President? He is just recycling old jokes over and over and still seems to think they work. Get some new writers and new topics and new jokes please!

  35. It wouldn’t be “we should welcome them because diversity is our strength” it would be “it’s legal but I’m not gonna let them in because I’m racist and xenophobic and I use you other racists to win 🙃”

  36. The biggest liars are people who report on only what they want, and write their own biased news bites. So news is just as big a scam as Trump. Trust neither.

  37. Maga Maggot wants to end everything legitimately elected President Obama did, it has just taken a while to derail the end of the Second Great Republican Depression.

  38. It's time for good Americans to vote against Mango Mussolini. Even conservatives ought to vote against him.

  39. Talks about how good the economy is growing while ignoring the people in trouble and now that were on the verge of a recession he actually cares because he cant keep up his ego if the economy tanks to that point

  40. You are already going through a small recession.
    The impact of Chinese goods and import exports is just starting to impact.
    Lolllll good luck.

  41. The workers behind Trump didn’t look happy, and this is why:

  42. Leftist assholes trying to manufacture a recession.
    Democrats can't win on policy, so they have to endanger the financial stability of the American working class to grab power.

  43. Funny stuff but it's gonna cost him his freedom and I don't think he can spend his money in commissary snacks and grooming products because they don't have the kinds he'd prefer. I could imagine how he'd talk about the food. Just imagine Trump without money .

  44. This bull market over the last decade has finally run it's course. For those interested in preserving the principal core value of their IRA's, I would recommend an immediate rebalancing from securities to a mix of 80% bonds/20% stocks. It's time to launch the lifeboats folk's, this Trump/Kudlow team is economic poison. Remember a 50% drop in the market requires a 100% increase for a full recovery…..which might take years.

  45. Yep cut payroll taxes so future generations will lose their Social Security just so this moron can try and get reelected. Trump is a piece of garbage that should be put by the curb for collection by the Southern District of NY for bank fraud.

  46. SOOOO! The new TALKING point of the (DNC)/democRATic National Communist. A lot of the MSM channels began the recession PROPAGANDA almost at the same day! AMAZING!!!!!!!!!!

  47. i remember when Seth was funny. it's really sad to see Seth take the Colbert tact. whatever… we all have to make a living.

  48. I love how these people are standing at a rally listening to a born-rich New Yorker complain about how expensive it is for him to routinely break the law…

    …and then they vote for him on the basis that he's the only man of the people in politics.

  49. I would love to watch a late night comedy show that wasn't political, or TOTALLY obsessed with Trump. So much for unity. Produce a show that brings America together for a laugh and avoid politics and religion.

  50. Amazing how mention Lobby and the Saudi comes up but NEVER the POWERFUL Israeli Lobby plus AIPAC – The Sacred cow controls congress and it is sacrilege to mention it!

  51. Evil Deep State POS. I am talking about these "hosts" of these so-called shows, which are just for the purpose of indoctrinating the sheeple. CIA garbage.

  52. The best part: Trump whining about how much lawsuits are costing him while standing in front of THESE workers…

  53. Are those green vests with the 🍊 stripes idiot outfits? Are they mandatory, do they just sprout on the bodies of the faithful?

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