Even CNBC has had enough of Trump’s crap
Unless you’ve spent quite some time under a rock, you’re well aware that Fox News and its pro-Trump propaganda are a large part of what got Donald Trump into office, and what’s kept his dying presidency alive. What gets talked about less often is that CNBC, the so-called stock market channel, is often just as much of a pro-Trump propaganda house.
A funny thing happens, however, when you try to come between Republicans and their money. When Donald Trump launched into a Twitter tirade today, comparing Fed Chair Jay Powell to the president of China, it sent the Dow Jones Industrial Average plummeting around six hundred points by day’s end. CNBC host John Harwood ripped Trump to pieces for it.
When the stock market began plummeting, Harwood tweeted this: “the president just drove the Dow down 300 points with belligerent, nonsensical tweets – that’s not rational.” He then quoted a number of Republican-leaning economic pundits who also slammed Trump for doing what he’d just done. Harwood also questioned why there’s no mechanism for firing the President of the United States for being unfit.
The upshot is this: there’s only one thing Donald Trump could possibly do to cost himself the support of an otherwise complicit Republican establishment, and that’s screw up the stock market. That’s how wealthy conservatives grow their wealth. Trump’s war on the economy is just about the dumbest thing he could be doing right now. Just ask CNBC.
