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MSNBC’s Steve Schmidt warns Trump is starting to wreck the economy because he’s an ‘imbecile’

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Republican strategist Steve Schmidt hammered President Donald Trump and commerce secretary Wilbur Ross for bumbling into a trade war with China — and lying about it.

Schmidt said Trump administration incompetence was unleashing potentially devastating consequences for the American economy, for reasons that have not been explained.

“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,” Schmidt said.

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“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.”

Schmidt said the president clearly does not understand how politics or the economy worked, and he said that ignorance could disrupt American life — or worse.

“It’s patently obvious when you watched the news conference (Monday), you watched the president talking about the trilateral relationship with the Baltic republics, he has no idea what he’s talking about,” Schmidt said. “It’s the musings of an imbecile, really.”

The GOP strategist said Trump’s misunderstanding of trade deficits could wreck many state economies that rely on business dealings with Canada.

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“You want to talk about crashing the market, abrogate the NAFTA agreement, disrupt the trillion dollars of trade that flows across the border and this is what happens,” Schmidt said. “This is an incompetent president who has no idea what he’s doing, no idea what he’s talking about. The consequences of incompetent actions will be paid for by the American people.”

“We’re starting to see that now, we’re starting to see this with the market reaction,” he added. “We’re starting to see this in the bilateral China relationship, and so there are consequences for this type of action and behavior, and the American people are soon going to start paying the bill for it.”

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Swiss holding ‘funeral march’ to mark disappearance of an Alpine glacier

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Dozens of people will undertake a "funeral march" up a steep Swiss mountainside on Sunday to mark the disappearance of an Alpine glacier amid growing global alarm over climate change.

The Pizol "has lost so much substance that from a scientific perspective it is no longer a glacier," Alessandra Degiacomi, of the Swiss Association for Climate Protection, told AFP.

The organisation which helped organise Sunday's march said around 100 people were due to take part in the event, set to take place as the UN gathers youth activists and world leaders in New York to mull the action needed to curb global warming.

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2020 Election

UAW strike ‘threatens to upend the economy in Michigan’ — and could destroy Trump’s re-election: report

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At the end of the first week of a major strike by the United Auto Workers, the employment standoff threatens to upend President Donald Trump's 2020 re-election map, the Chicago Times reported Saturday.

Approximately 46,000 workers have been striking against General Motors.

There are two major threats to Trump's campaign from the strike.

The first is that the strike could cause regional recessions -- threatening Trump's political standing in key Rust Belt states.

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Security forces fired live rounds at protesters calling for the ouster of Egyptian president: report

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Egyptian security forces clashed with hundreds of anti-government protesters in the port city of Suez on Saturday, firing tear gas and live rounds, said several residents who participated in the demonstrations.

A heavy security presence was also maintained in Cairo's Tahrir Square, the epicentre of Egypt's 2011 revolution, after protests in several cities called for the removal of general-turned-president Abdel Fattah al-Sisi.

Such demonstrations are rare after Egypt effectively banned protests under a law passed following the 2013 military ouster of Islamist ex-president Mohamed Morsi.

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