Watch An Exasperated Stephanie Ruhle School Donald Trump About How Trade Actually Works
MSNBC anchor Stephanie Ruhle blasted President Donald Trump for being misinformed about the economy during an appearance with Katy Tur on Tuesday.
“The capacity for tragedy caused by someone as unprepared as he, is immense,” GOP strategist Steve Schmidt warned. “And history would teach us that when you act the way that Donald Trump acts, as recklessly, as incompetently, as maliciously, that bad things will ultimately happen and maybe we’re on the front edge of that in this country.”
“And before the market crashes, that’s when the guardrails come off,” Ruhle reminded. “That’s when people are feeling fat and happy.”
“And when you watch the president talk about trade deficits and he clearly doesn’t understand them — a trade deficit and a budget deficit are not the same thing,” Ruhle continued. “And let’s remind the president that the trade deficit between the United States and China has grown since he’s been in office.”
“So when you watch someone say, ‘I’m a business guy who knows a lot about business,’ we’re reminded that he’s a businessman that went bankrupt four times, who was briefly in the public markets and it was a disaster,” she said. “And you say ‘what, what in god’s name?’ You don’t even understand trade and you could be leading a trade war.”
“And just think for a moment, for Peter Navarro to say yesterday, the White House doesn’t look at the stock market on a day-to-day is baloney. Every day there’s a good day in the stock market, Trump and his kids can’t wait to tweet about it,” Ruhle fact-checked. “And Amazon got hit yesterday because the president went out there and spread lies about it. If a normal person on the street did that, you might have the S.E.C. going after them.”