During remarks on the House floor, Rep. Robert Garcia (D-CA) tore into President Donald Trump's economic agenda, and Elon Musk's and DOGE's role in cutting federal programs.
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NewsTranscript
00:00Now, Mr. Speaker, I rise today to call out Donald Trump, Elon Musk, and their disastrous
00:10magnomics.
00:12Last week, Donald Trump and his cabinet of billionaires recklessly imposed the largest
00:18tariff tax hike in American history.
00:20Now, look at the markets just today.
00:23They are crashing.
00:25Taxes will now increase on all kinds of costs, goods for the American family, and people
00:31across this country.
00:32Working families can't afford to pay more for basic needs, for necessities.
00:38No one voted to pay for more expensive groceries, homes, cars, and household goods.
00:43But that's all Donald Trump has to offer.
00:47We know the supply chains and small businesses are also right now being thrown into chaos,
00:51and hardworking people are going to lose their jobs.
00:56Not only do we have this incredibly large tariff tax hike, we know that the stock market
01:01is in a free fall.
01:03Retirement accounts are being wiped out.
01:05We've lost trillions of dollars in the stock market in just a few weeks.
01:12Magnomics hurts working people and gives huge tax breaks and giveaways to billionaires,
01:18to Elon Musk, and all of their billionaire friends.
01:22And now Magnomics is about more than just causing a recession.
01:26Donald Trump, Elon Musk, and House Republicans are fighting to take away billions of dollars
01:33from Medicaid, which will threaten, we know, care for millions of people.
01:38That means higher health care costs, with many losing coverage completely.
01:41And Magnomics is slashing employees and programs from the federal government.
01:47It's about destroying the social safety net and the programs which we rely on.
01:52Medical research, the Department of Education, air safety, and so much more.
01:56They are attacking the foundations of our economy and the foundations of our lives and
02:01our families.
02:02Now Republicans in Congress need to join us and say enough is enough.
02:08End the chaos, end the incompetence, and put American families first.
02:13Stop and reject Donald Trump, Elon Musk, and let's reject Magnomics right now.