Hedge fund manager and prominent Donald Trump supporter Bill Ackman became a target for mockery on MSNBC on Monday morning after becoming the face of billionaire resistance to the president's tariff chaos.
With the stock market likely headed for another meltdown on Monday, after the president claimed over the weekend he has no intention of backing down despite pressure from Wall Street, Ackman had a meltdown of his own on social media.
“We are in the process of destroying confidence in our country as a trading partner, as a place to do business, and as a market to invest capital,” he wrote on X, before adding that the president has put the country on the path to “a self-induced, economic nuclear winter.”
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Ackman, previously a big supporter of the Democratic Party, grew to prominence during the run-up to the 2024 election after turning on President Joe Biden and embracing the MAGA-ethos of Trump in long, widely-shared posts supporting Trump's candidacy and trashing Democrats.
With the billionaire the focus of stories in both the Wall Street Journal and on CNBC on Monday morning, "Morning Joe" co-host Joe Scarborough singled him out for being taken in by Trump like so many others have.
"You know, there are some Republicans speaking out," Scarborough began. "[Iowa GOP Sen.] Chuck Grassley has spoken out about it. Ben Shapiro says it's unconstitutional."
"Bill Ackman, he saw the light," he continued before asking sarcastically, "How can Bill Ackman ever have seen this coming? How much, how can — oh wait a second, this is exactly what Donald Trump promised for years! In fact, he's been talking about this since 1987."
"So he believes in this, so people on Wall Street are going, '"Oh my god, I'm so shocked. How could this ever happen?" he joked.
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