The blame game…
CBS News White House correspondent Jennifer Jacobs confronted President Donald Trump for “crashing the markets on purpose” amid a disastrous week for the stock market.
On Sunday evening, Trump emerged into the press cabin aboard Air Force One to face questions from reporters for about fifteen minutes, during which the market turmoil came up repeatedly.
Jacobs asked Trump to address speculation he’s purposefully crashing the market fueled by the video he posted saying he was “purposefully crashing the market”:
PRESIDENT DONALD TRUMP: No, that’s not so. But I do want to solve the deficit problem that we have with China, with the European Union and other nations.
And they’re going to have to do that. And if they want to talk about that, I’m open to talking.
But otherwise, why would I want to talk?
And as you know, because of the tariffs, we have $7 trillion already committed to to be invested in the United States building auto plants, building chip companies, and all sorts of companies are coming into our country at levels that we’ve never seen before.
Biden had nothing coming, and he was a dead company with– this was a dead country with Biden. He didn’t know what he was doing, and that’s now been proven at least.
Watch:
The stock market sank as soon as the opening bell rang last Thursday morning after Trump announced his “Liberation Day” tariff program, and closed almost 1700 points in the hole — and that was before China announced reciprocal tariffs that sent futures crashing again. (RELATED: Trump Warns China: Back Down Or Face 50% Tariffs)
At Friday’s closing bell, the Dow was down another 2200 points, according to Mediate.
On Monday, Trump promised that his controversial new tariff policy will produce “GREATNESS,” and warned naysayers not to be “weak” and “stupid” as fears of a recession grip financial markets worldwide.
“The United States has a chance to do something that should have been done DECADES AGO,” the president said in a Truth Social post Monday morning. “Don’t be Weak! Don’t be Stupid!”
He then proceeded to make up a new moniker for those who don’t believe in his methods: “Don’t be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!”
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Well that’s CBS for you. I think she should be banned from the press pool.
And then daymn – Monday comes and the markets are. . . UP as over 50 countries clamor to meet Trump’s tariffs
Poker hand at it’s best. And, he had the TRUMP card (laughing a cackle like Harris)
I believe that a country should run its finances much like a family should run theirs. If a family or person acts irresponsibly with finances —— lives high on the hog, spends beyond their means, there is a reckoning they must face. It could be bankruptcy which has been abused as escape from financial responsibility but will blow ones credit for a time. It could force the pain of surviving on rice and beans for a time and having your cars repossessed or home foreclosed on. In the end that pain hopefully teaches a lesson —- to not spend more than your means. Our nation has been run by very unresponsible “leaders” who have run up a national debt for which the interest alone is a trillion dollars a year. Straightening out the nations finances is not coming without pain. Hopefully we will one day become the creditor nation we once were.