On Wednesday’s edition of MSNBC’s “The Beat,” former Clinton Labor Secretary Robert Reich warned anchor Ari Melber that President Donald Trump’s “extremely dangerous” economic agenda could finally end the “sugar high” of the stock market and send America into a tailspin.
“I think there are two big issues here,” said Reich. “He did not contribute to the fact that it’s a very, very long recovery. Long in the tooth. You get to nine or ten years and you’re almost definitely going to have a recession. But what he contributed to is, number one, this huge tax cut that was kind of steroidal lift, it was kind of a sugar high for the entire stock market that could not go on. It was temporary. Sugar highs are temporary.”
“The second thing is China,” said Reich. “This trade war with China, not only is there no strategy, but it also is extremely dangerous. This is the largest and second-largest economies in the entire world. And to have them going at each other is dangerous for the whole world economy.”
“This is the most unfocused president,” added Reich. “This is a president who not only doesn’t know details, but he lies about the details he does know. No, there’s not going to be any focus. There’s no economic strategy. There’s nobody around him capable of even advising him and having him listen to on economic strategy.”
WATCH: Town hall crowd explodes into applause as New Jersey lawmaker announces he will vote for Trump impeachment
On Sunday morning CNN aired a clip of Rep. Tom Malinowski (D-NJ) announcing before a town hall crowd on Saturday that he will vote for the impeachment of Donald Trump -- causing some of the audience members to explode into applause over his decision.
In the clip, the lawmaker explains, "Based on the evidence I have seen in the depositions, the hearings and the documents I've seen, I believe on the two counts of impeachment that the vote that has been put before us, that the vote should be yes, and I will be voting yes."
With that, the crowd burst into cheers with some leaping from their seats.
ABC News had the goods on Jeffrey Epstein years ago — and killed the story
Multimillionaire predator Jeffrey Epstein died in suspicious circumstances at a Manhattan correctional facility on Aug. 10. The wealthy and powerful New York financier, a convicted sex offender, stands accused by dozens of women and girls of trafficking, rape and sexual abuse. He was an enormously influential and well-connected man who counted as friends billionaire business owners, Hollywood stars, British royals, and even top media figures like Katie Couric and Charlie Rose — with some of his associates falling under suspicion of condoning or even participating in a pedophile ring.
Child killed as quake strikes southern Philippines
A powerful earthquake hit the southern Philippine island of Mindanao on Sunday, killing a child, injuring dozens and damaging buildings in an area still recovering from a string of deadly quakes in October.
Police said a rescue operation had been launched at a heavily damaged market building in Padada near the 6.8 magnitude quake's epicentre, which is about 90 kilometres (55 miles) south of the major city of Davao.
Patients were evacuated from hospitals as a precaution and nervous crowds massed outside shopping malls after the jolt and dozens of smaller, but strong aftershocks.