The president’s increasing irrational and impulsive escalation of economic conflict with other major powers is sending the markets into a tailspin – and a wide chorus of complaints and condemnation from both sides of the political aisle.
One of the most powerful responses came from longtime Republican strategist Steve Schmidt, who appeared on an MSNBC panel this morning and tore into the President for destabilizing volatile markets with his reckless policies and stunning lack of foresight, calling him an imbecile.
“Maybe this will be experiential learning for the American people, as Donald Trump precipitates for no good reason a trade war that will have devastating consequences in the country, not just in the equities market but for real jobs, real people, real towns and cities in this country.”
The consequences of an inept and incompetent president, whether it’s a from a national security perspective with people being killed in wars or economically, will start to come home now,” he continued. “I think that’s what we’re starting to see here. This is very bad news for the American people, for people who are trying to get ahead, people trying to put their kids through college. You look at the attacks on Amazon, for example. If you’re a retired teacher, if you’re a pensioner, you’re devastated by the drop in stock price caused by a political attack by the president.
It’s patently obvious when you watched the news conference (on Monday), you watched the president talking about the trilateral relationship with the Baltic republics, he has no idea what he’s talking about. It’s the musings of an imbecile, really.”
It’s clear that the President is using the issue of trade and exploiting people’s rightful fury at the neglect and abuse that the American business community heaps upon their workers to provoke a new controversy and distract the public from the latest developments in the Russia investigation.
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But it’s equally clear that he has no idea what he’s doing, simply lashing out like a wounded beast without any thought for the potentially devastating consequences.
While Schmidt makes some very good points, Schmidt’s criticism ignores the elephant in the room – the fact that perhaps it’s not wise to have an economic system so volatile that the ramblings of a demented old man can provoke such dramatic effects and exacerbate the economic insecurity that so many Americans struggle with.
Watch his remarks here: