‘Reality is catching up with him’: NYT reporter explains how Trump’s constant lying crashed the markets
New York Times reporter Maggie Haberman told CNN on Wednesday that yesterday’s nearly 800 point stock market crash was due to President Trump’s wild claims about trade relations with China after his G20 dinner with President Xi.
Investors “don’t know what happened and they don’t know what the president is hoping to communicate,” Haberman said. “He came out and he said all kinds of things that were at odds with what his own White House was suggesting.”
“Markets like consistency, markets do not like when things are all over the place,” she added. “He is very fortunate the markets are closed today because I cannot imagine what that would be like again for another series of hours.” She added that it was one of the first times the president has faced consequences for his dishonesty.
“The economy is going to impact his re-election. It just is,” Haberman continued as anchor John Berman all but called the president a liar. “When you frequently say things that are not true, when you say two things that are diametrically opposed, sometimes in the same sixty seconds, that’s not as if everybody is not paying attention.”
“For somebody who has tried to paint his own version of reality,” she added, “reality is catching up with him.”
Watch the video below.