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.
“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.
“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.”
Sailing among the stars: Here’s how photons could revolutionize space flight
A few days from now, a SpaceX Falcon Heavy rocket will lift off from Florida, carrying a satellite the size of a loaf of bread with nothing to power it but a huge polyester "solar sail."
It's been the stuff of scientists' dreams for decades but has only very recently become a reality.
The idea might sounds crazy: propelling a craft through the vacuum of space with no engine, no fuel, and no solar panels, but instead harnessing the momentum of packets of light energy known as photons -- in this case from our Sun.
The spacecraft to be launched on Monday, called LightSail 2, was developed by the Planetary Society, a US organization that promotes space exploration which was co-founded by the legendary astronomer Carl Sagan in 1980.
Russians to prod Putin on poverty and his personal life as his ratings tank
Russians are set to ask President Vladimir Putin about growing poverty at home and tensions abroad during an annual televised phone-in Thursday, which comes following a fall in his approval ratings.
The leader is also likely to face a degree of grilling on his personal life, according to questions submitted by the public online ahead of the live show.
Set to be held for the 17th time since Putin came to power in 1999, the show starts at 0900 GMT and usually lasts several hours.
Ahead of the carefully choreographed show, more than one million questions had been submitted, organisers told Russian news agencies.
Trump could turn on Hope Hicks just like Michael Cohen: Trump family biographer warns
Trump family biographer Emily Jane Fox explained that she didn't think that the president would turn on long-time aide Hope Hicks, but then again, it was the same thought about Michael Cohen as well.
In a panel discussion about Hicks' testimony during MSNBC's Brian Williams' Wednesday show, Fox recalled that Micahel Cohen once said that he would take a bullet for the president. Once it appeared that Trump would throw him under the bus, Cohen began looking for a way out.
The same scenario seems to be happening with Hicks now.
"She works at new Fox, which is a company run by a Murdoch son," Fox said. "It's a company that's brand new. She's the head of communications there. And there are shareholders who would take issue with the fact that a senior member of this company is being put in this situation and being thrust on the world stage."