President Donald Trump's former communications director, Alyssa Farah Griffin, noted that the biggest complaint, including hers, on "The View" is that the checks and balances on government have failed to stand up to the president. She has found one, however.
Addressing the huge drop in the U.S. financial markets after Trump announced he would act militarily to obtain Greenland, Trump announced to the World Economic Forum on Wednesday that there would be no war or military take over of the Arctic island.
"The one answer is the U.S. stock market," Griffin said about the one successful check on Trump.
"That is what he reacts to, The stock market. So, if you were following the day that he was announcing all of this and sounded like we were really going to seize all of Greenland, we were going to defy our NATO alliances. The S&P declined 2 percent which equates to $750 billion in loss of wealth which is actually more than the cost of Greenland."
"Now, the stock market rallied since he backed off but interesting to see the one thing that kind of gets him to walk away, he starts to roll — follow the stock market," said Griffin.
From Your Site Articles
- Here's why the morbidly rich love stock market crashes ›
- Tumbling stock market creates 'tough split screen' for White House optimism: analysis ›
- Wall Street calls Trump a source of 'major volatility' as markets tank ›
- Outrage as video of Trump bragging about enriching his billionaire pals emerges ›
- Stock market shatters Trump’s claim the US has the world’s 'hottest' economy: analysis ›