On Friday, President Donald Trump went on a Twitter tirade against China.
….better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP. Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing..
— Donald J. Trump (@realDonaldTrump) August 23, 2019
The president seemed triggered by recent reports that his trade wars with China are hurting key U.S. industries and destabilizing the stock market.
Even as most economic indicators point to the president’s erratic trade policy as the driver of market instability, the president has resorted to blaming the head of the Federal Reserve.
On Friday, CNN explained how the president’s behavior is wreaking havoc on Wall Street.
“Those tweets, plus China’s new tariffs equal a pretty brutal day as you can see on Wall Street, with the Dow tumbling,” CNN’s Brooke Baldwin explained. The Dow dropped over 500 points Friday. As Barron’s reports, Powell had actually eased fears in the market, right before Trump revved them up again.
“Trump didn’t stop with China or its president, who he compared to Federal Reserve chairman Jerome Powell, the man Trump nominated to lead the agency two years ago.”
“Today, President Trump asked whether Jerome Powell or President Xi was the biggest enemy of the U.S.” She added.
Rick Santorum smacked down for claiming Sondland testimony helped Trump
On Wednesday's edition of CNN's "Cuomo Prime Time," former Sen. Rick Santorum (R-PA) tried to argue that the testimony of E.U. Ambassador Gordon Sondland actually helped President Donald Trump — and was promptly challenged.
"I think the Democrats had a good morning. I don't think they had a good afternoon," said Santorum. "I think what when the Republicans actually started questioning Sondland about the details, I think it fell apart a little bit."
"How so?" asked Chris Cuomo.
"He said the president never said any of these things to him," said Santorum. "In fact, what the president said, he quoted what the president said is, no, there's no quid pro quo. What he says is, well, I'm surmising, this is what I'm just sort of gathering. Did anything come from the president? No, it came from Rudy Giuliani."
‘The cost of acquitting Donald Trump just went up’ for the Republicans: MSNBC’s Joy Ann Reid
MSNBC host Joy Ann Reid explained during the post-hearing wrap-up that things aren't looking good for Republican senators up for reelection in 2020.
In the wake of EU Ambassador Gordon Sondland's testimony, things are getting more difficult for Republicans faced with a vote on impeachment.
"Even if [the numbers] don't move, the problem is going to be a lot of these people have to run for re-election, letting the president off the hook when it's pretty clear what happened," Reid said. "This is pretty simple, and if I'm Cory Gardener (R-CO), I'm not feeling great."
Brian Williams noted that Rep. Will Hurd (R-TX) is one of the many Republicans "who's leaving town on a fast horse." If anyone could be pealed off by Democrats, Williams thinks it is Hurd.
Impeachment inquiry hearing bursts into laughter after Schiff burns Devin Nunes
The final speeches of the House Intelligence Committee came as the clock approached 8 p.m. EST.
Ranking member Devin Nunes (R-CA) made a passionate speech comparing the impeachment inquiry to the Spanish Inquisition but claimed that people who were murdered were actually treated better because they know their accuser. According to History.com, however, "those accused of heresy were forced to testify. If the heretic did not confess, torture and execution were inescapable. Heretics weren’t allowed to face accusers, received no counsel, and were often victims of false accusations."