In an interview with Bloomberg TV, David Stockman, the former budget director for President Ronald Reagan, took more than a few shots at Donald Trump over his trade bungles — including his plan to overhaul NAFTA.
Asked by Bloomberg host Shery Ahn what he makes of Trump so far, the former budget hawk smirked and proceeded to dismiss Trump’s moves.
“I don’t think it amounts to a hill of beans,” he said of the replacement NAFTA deal. “There was never a problem with NAFTA anyway, and what he has done, basically, is remove the name and complicated the machinery, giving a big wage increase to Mexican workers.”
“This is a sideshow,” he continued. “And it is proof that Trump is an absolute Neanderthal on trade, and has no idea what he is doing, he is a complete ignoramus on fiscal policy and the debt which is soaring.”
Stockman went on to say that Trump’s actions likely will combine to “clobber a ten-year recovery and is about to be knocked over by this nonsense.”
You can watch the video below via YouTube: