As the New York Stock Exchange closed at more than 800 points down on Wednesday, MSNBC host Nicolle Wallace remarked that the week has been catastrophic for President Donald Trump this week on every issue.
“The Dow closing over 800 points down today as Donald Trump’s political weakness, foreign policy cluelessness and abdication of American leadership on the world stage is on full and stark display,” Wallace opened.
She noted that the whole world is watching pro-democracy protesters in Hong Kong carrying American flags as they fight for what rights they have left. In any other administration, the world would be clear about where America stands. Instead, what’s happened is ambiguity, confusion and general carelessness for Hong Kong.
Wallace called it the “kind of standoff America used to take as a clear stand on the side of pro-democracy forces. Today it’s unclear where the American president comes down.”
Lawmakers across Washington, including Trump’s own advisers, are alarmed about the situation, but the president is golfing and on vacation. When he appeared in public Tuesday, Trump rambled on about loving trucks, being angry at former President Barack Obama for his book deal after leaving office and wind energy being somehow dangerous.
Wallace said that a former Republican Trump opponent became vulnerable the moment he revealed he didn’t know what “the nuclear triad” was.
“[A]s violence escalates and old animosities are rekindled across Asia, Washington has chosen inaction, and governments are ignoring the Trump administration’s mild admonitions and calls for calm,” The New York Times wrote Wednesday. The inability or unwillingness of Washington to help defuse the flashpoints is one of the clearest signs yet of the erosion of American power and global influence under Mr. Trump, who has stuck to his ‘America First’ idea of disengagement, analysts say.”
One administration official told Politico that the Hong Kong protests were “about as close to Tiananmen Square, potentially, that you’re going to get in the modern age.”
Trump, by contrast, called it a “very tricky situation,” and said he hoped it ended with liberty. It’s unclear if he knows what Tiananmen Square is.
“My, how far we’ve come from a ‘Shining City on a hill,'” Wallace said, quoting former President Ronald Reagan.
Watch her opener below:
Greta Thunberg slams climate change inaction as Davos awaits Trump
Swedish teen activist Greta Thunberg on Tuesday slammed global inaction on climate change in front of the world's top business leaders, as the annual Davos forum faced up to the perils of global warming while bracing for an address from US President Donald Trump.
The 50th meeting of the World Economic Forum in the Swiss Alps resort got under way seeking to meet head-on the dangers to both the environment and economy from the heating of the planet.
Trump, who has repeatedly expressed scepticism about climate change, is set to give the first keynote address of Davos 2020 on Tuesday morning, on the same day as his impeachment trial opens at the Senate in Washington.
Trump arrives in Davos hours before impeachment trial reopens
US President Donald Trump arrived in Davos on Tuesday for the annual WEF forum, where he was to give a keynote speech just hours before his impeachment trial kicks into high gear in Washington.
Trump's Marine One helicopter touched down in the picturesque Swiss ski resort shortly ahead of his scheduled speech to the World Economic Forum, which this year is focusing on climate change.
He was also due to meet separately with the president of Iraq, Pakistan's prime minister and the head of the European Union executive body.
Meanwhile in Washington, Trump's impeachment enters a new phase in the Senate with legislators debating the format for the trial.
These corporations are spending the most to undo our democracy — thanks to Citizens United
It has now been exactly 10 years since the U.S. Supreme Court opened the floodgates for special-interest political advertising in its Citizens United ruling. To mark the occasion, the Center for Responsive Politics has published an excellent report detailing how political spending has changed over the last decade.
One significant finding is that, although Citizens United overturned the prohibition on independent political expenditures by corporations, most companies have not taken advantage of that new right directly. The biggest surges in spending have come from wealthy individuals and from Super PACs.