Fox News would call for impeachment if economy was this bad under Obama: ex-Trump aide

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"Trump meets with Obama in the Oval Office" by US Department of State is licensed under CC PDM 1.0

President Donald Trump’s economy is so bad, it is reminiscent of the economy under the doomed Republican presidency of Herbert Hoover — at least, according to one of Trump’s former advisers.

“We have a few major problems going on in America today,” Anthony Scaramucci, who briefly worked as Trump’s communications director during his first term, posted on X on Monday. He continued that there is an “affordability crisis — prices up across the board,” that Trump broke his promise to end “forever wars” by immersing America “in a quagmire in Iran” and that he continues to cover up his involvement with the late child sex trafficker and his longtime friend, pedophile Jeffrey Epstein.

“That’s why his approval rating is at 33 [percent],” Scaramucci added. “As low as Herbert Hoover at the depths of the Great Depression.”

This is not the first time Scaramucci has slammed Trump’s performance on the economy and his seeming focus on only helping the rich. In May, Scaramucci argued that “if Barack Obama had done half of what Trump is doing now, Fox News would have been calling for impeachment.”.

He added, “Trump has no economic philosophy. He spent $8.2 trillion in his first term and he's on pace for $9 to $10 trillion in this one. We're at 100 percent debt to GDP held by investors — 122 percent if you count the Fed's balance sheet. Ray Dalio will tell you those numbers put you in sovereign debt crisis territory. And when that happens, the only way politicians are willing to pay for it is through inflation. Which is the cruelest possible outcome, because inflation is the worst tax you can impose on lower and middle income people.”

Earlier in May, Scaramucci observed that his own Wall Street friends are concerned about Trump’s economy.

"Trump is too dangerous,” Scaramucci observed. “It’s funny, all my Wall Street buddies voted for him and now they’re regretting the fact," although he later clarified that "most of the people are.”

"I’m of the belief that prices are higher,” Scaramucci argued. “We have an oil crisis. He imposed illegal tariffs, which raised the pricing umbrella for all the lower-middle-income people that voted for him. He’s put us in a very vulnerable state as a country and an economy. If you want to make the case that the banks have record profits in the short term, sure — but he’s also suing some of the banking executives. You are losing the predictive capability of our justice system — what our civil rights are, what our free speech rights are. It’s very, very bad for business."

Speaking with this author for Salon in 2018, Scaramucci made the case that Trump won the 2016 presidential election because of concerns about the economy.

“What I saw was in a generation we went from aspirational working class families, like the one I grew up in, to [desperate] working class families,” Scaramucci told this journalist at the time. “What I saw is a decline in wages causing some level of economic asphyxiation for a very large group of people. And so Trump being out there, going into those areas, explaining the policies that he’s going to put in place, and then executing on some of those policies. I mean it’s not me saying, it’s just go look at ‘The Wall Street Journal.’”

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