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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.

“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.”

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“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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Arkansas church vows to continue services: ‘Jesus died with COVID-19 so that you didn’t have to bear it’

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An Arkansas church intends to hold church services despite recommendations from state officials to limit gatherings as part of the fight against the coronavirus.

Awaken Church, in Jonesboro, vowed in a Facebook post to continue holding services in defiance of a Health Department directive banning gatherings of 10 or more, and after churches in other parts of the country were the source of community outbreaks, reported Newsweek.

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2020 Election

Trump’s path to re-election ‘smashed to splinters’ as his only achievement is swallowed up by the pandemic: report

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In a piece for Politico, Ben White writes that Donald Trump was going into November's election with only one achievement under his belt -- a healthy economy -- and now he has nothing left to run if he wants to be re-elected.

With all of the gains made in the stock market long gone due to the coronavirus pandemic and the collapse of oil prices, White claims that the president's campaign strategy lies in tatters.

"The fundamental pillars of Donald Trump’s presidency — a hot economy, strong job growth and a rocking stock market — are all being smashed to splinters by the ravaging coronavirus, which has shuttered much of the nation and now officially ended a streak of 113 months of job gains dating back to the end of the Great Recession a decade ago," he wrote before noting the explosion of unemployment claims -- over ten million so far -- that has the country reeling.

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Top South Dakota Republicans face investigation for appearing to be drunk during crucial coronavirus session

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Lawmakers in South Dakota are investigating whether or not Senate Majority Leader Kris Langer (R) was drunk during a meeting earlier this week -- a meeting that dealt with new legislation regarding the coronavirus outbreak, the Rapid City Journal reports.

Another South Dakota Republican, Brock Greenfield, is also under investigation for his conduct during the meeting.

"Langer and Greenfield oversaw the Senate proceedings from a conference room in the Capitol as lawmakers convened through teleconference to decide on a series of emergency bills for the coronavirus outbreak," the Journal reports. "As the Senate prepared to adjourn Tuesday morning, Sen. Phil Jensen, a Rapid City Republican, said he had heard Langer was intoxicated and had interrupted meetings in the House and Senate. He then attempted to move to create a disciplinary committee."

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