Quantcast
Connect with us

Trump is driving the American economy into the ground just like he did with his casinos: Tom Steyer

Published

on

On Wednesday’s edition of CNN’s “The Situation Room,” Tom Steyer, the billionaire progressive activist who founded Need to Impeach and is now running for president, told anchor Wolf Blitzer that President Donald Trump is leading America to economic ruination — and will make it all but impossible to use our normal methods to alleviate recessions.

ADVERTISEMENT

“What would you say to those American families who are feeling rather optimistic about this Trump economy?” asked Blitzer.

“I would say this,” said Steyer. “What Mr. Trump has done is what he did when he was running Atlantic City casinos into the ground. He’s over-promised and alleged up and borrowed a ton of money. It feels very good in the short run. But long-term, he’s not doing the things that actually make Americans safe, prosperous and well-paid. He’s not investing in education, he’s continuing to favor only the richest Americans. Actually more equal societies where the money is spread more evenly throughout our much more stable.”

“And in fact he’s leading us in a position when if we get into a recession, we don’t have a response because he’s already spent the money that you would normally use to boost demand at the bottom of the a recession,” added Steyer.

Asked about the president’s attempts to blame the Federal Reserve, Steyer had some more harsh words.

“The Federal Reserve is supposed to be independent of politics, Wolf. That is an important part of their charter,” said Steyer. “Because every politician like Mr. Trump is always going to want the Federal Reserve to pump out as much money as they possibly can every single day of the year, every year. So what he’s doing is in and of itself wrong, but the other thing that is true is he’s trying once again to get the Fed to use all of their bullets right now, so that if we go into recession there is nothing they have left to do.”

ADVERTISEMENT

“That is exactly what he always does,” said Steyer. “That is how he drove those Atlantic City casinos into bankruptcy, and he’s treating the United States of America like the Trump Taj Mahal. Like we’re going to borrow and borrow and borrow and then when the bills come due, he disappears and blames somebody else. Which is exactly what he did today.”

Watch below:

ADVERTISEMENT


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

Breaking Banner

Justice Dept officials worry Bill Barr will fall quietly in line behind Trump after Stone interference: report

Published

on

According to a report from CNN, longtime Justice Department officials are concerned that Attorney General Bill Barr will do all he can to stay out of Donald Trump's sight and not interfere now that he was caught up in a squabble with the president over the sentencing of Trump associate Roger Stone.

CNN notes that Barr had previously watched Secretary of State Mike Pompeo be swept up in the president's Ukraine scandal -- damaging the State Department official's reputation -- and hoped to keep a low profile in the president's public disputes.

Continue Reading

Breaking Banner

Internet heaps praise on CNN’s Anderson Cooper for his ‘must watch’ destruction of Rod Blagojevich

Published

on

CNN's Anderson Cooper received near-universal praise across the board for what one commenter called his "fiery rebuke" of recently paroled former Illinois Governor Rod Blagojevich on Friday night that culminated in the CNN host telling him excuses for why he should not have been in prison were "bullsh*t."

During the highly-contentious interview, Cooper came armed with facts and did not let Blagojevich get away with comparing himself to political prisoner Nelson Madel a which drew a smirk and rebuke from the CNN host.

Many on Twitter were quick to point to the interview as one all cable hosts should look at as a way to stop guests who go on shows to lie with no pushback.

Continue Reading
 

Breaking Banner

Bill Barr’s relationship with Trump ‘on the rocks’ as unleashed president ‘openly defies him’: ex-prosecutor

Published

on

In a CNN segment analyzing Donald Trump's insistent comments and tweets about Justice Department business, former federal prosecutor Eli Honig stated that the relationship between the president and Attorney General Bill Barr is now "on the rocks" and does not look promising for the future.

Speaking with "New Day" host Christi Paul, Honig explained that Barr has repeatedly cautioned the president about his comments but that Trump is flat out ignoring the Attorney general -- meaning that their relationship has taken a bad turn.

"It's interesting, Christi, the relationship between Trump and Barr seems to be on the rocks," Honig explained. "We saw Bill Barr step up and show some spine when he said to ABC News, the president is making my job impossible."

Continue Reading
 
 
close-image