Quantcast
Connect with us

Steve Bannon tells Americans to get over their ‘short-term pain’ while Trump ‘lances the boil’ of China

Published

on

Former White House adviser Steve Bannon on Wednesday said that he stood behind President Donald Trump’s tariffs on Chinese goods because the U.S. needs to “lance the boil” on China trade.

“We’re not only the rising power, we’re the dominant power, and we’re going to re-form the world along the lines of free-market democratic capitalism, and here’s how it’s going to be,” Bannon explained to CNBC’s Squawk Box program. “You’ve got to break — you’ve got to lance the boil. And that’s what Donald Trump is doing right now. I think our European allies are going to come around, I think they’re going to individually come around to this, because I think they see the wisdom and the toughness of what Trump’s doing.”

CNBC’s host pressed: “If lancing the boil causes an economic downturn, if lancing the boil causes a decline in the stock market of more than 10%, and it’s around election time, what happens to the resolve?”

Bannon insisted that Trump’s trade war with China would be a benefit to Republicans in the upcoming 2020 elections.

“First off, I don’t think that’s going to happen but I think you realize with Joe Biden launching in Pennsylvania, this is going to be the debate the American workers, the men and women that saw those factories leave, the American farmers understand these are patriots they put the national interests of the country before their own personal interests they’ve seen the elites totally do this for themselves they understand,” Bannon said.

“There may be some short-term pain, okay,” he added. “But Donald Trump, and I think others, understand we have to power through this now, it turns out that the numbers on Trump’s plan are actually better. The 3.2% growth is driven by the decline in exports from China. The import prices are falling, right? But a lot of it’s tied to this so, right now, this is working I happen to think, and I think Trump believes and the people around Trump believe it’s going to continue to work.”

ADVERTISEMENT

Watch the video below from CNBC.

Report typos and corrections to [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Facebook

Whoopi Goldberg scorches McConnell for obstructing Obama: ‘Maybe you should pay reparations for that!’

Published

on

Whoopi Goldberg shamed Senate Majority Leader Mitch McConnell for claiming the sins of slavery had been repaid with the election of President Barack Obama.

McConnell disagreed with reparations for slavery, lynching, discrimination and other racist institutions, saying the Civil War and Obama's election should be enough -- and "The View" host called out his hypocrisy.

"You know, Mitch, you said that you would make him a one-term president," Goldberg said, "and you did everything you could to not help him in the first four years. Maybe you should pay reparation for that."

Goldberg argued that black work and wealth had been stolen for centuries, and she said racism was much bigger than anything President Donald Trump -- whose name she never says -- and the Republican Party had done.

Continue Reading

2020 Election

Panicked GOP leaders scrambling to get Jeff Sessions to run for Senate so they won’t be saddled with Roy Moore

Published

on

According to a 2020 election analysis in the Washington Post, top Republican Senate leaders are cringing at the notion that former Alabama Supreme Court Justice Roy Moore could be their nominee for the seat currently being held by Democrat Sen. Doug Jones -- and are looking for a way out.

Continue Reading
 

Facebook

Federally-funded Catholic adoption agency blocks same-sex couple from fostering migrant children, because Jesus

Published

on

A Texas adoption agency that receives federal taxpayer funds is refusing to allow a lesbian couple to become foster parents, and they're citing their religious beliefs to support their discriminatory decision.

Bryn Esplin and Fatma Marouf, who are married and are both professors at Texas A&M University, were told by the agency because they're a same-sex couple they don't "mirror the holy family," and thus would not allow them to foster some of the thousands of migrant and refugee children the federal government is detaining.

The women pressed, saying that surely some of the 700 children under the agency's care were LGBT and would benefit from being placed with a married lesbian couple, as The Daily Beast reports.

Continue Reading
 
 

Copyright © 2019 Raw Story Media, Inc. PO Box 21050, Washington, D.C. 20009 | Masthead | Privacy Policy | For corrections or concerns, please email [email protected]

I need your help.

Investigating Trump's henchmen is a full time job, and I'm trying to bring in new team members to do more exclusive reports. We have more stories coming you'll love. Join me and help restore the power of hard-hitting progressive journalism.

TAKE A LOOK
close-link

Investigating Trump is a full-time job, and I want to add new team members to do more exclusive reports. We have stories coming you'll love. Join me and go ad-free, while restoring the power of hard-hitting progressive journalism.

TAKE A LOOK
close-link