While Republican strategist Brad Todd is normally supportive of President Donald Trump's initiatives, he said the president would be making a massive mistake if he established a sovereign wealth fund and used it to buy TikTok.
In the wake of Trump musing about buying TikTok on Monday, Todd appeared on CNN Tuesday to pour cold water on the entire venture and said that it would be nonsensical to bring the Chinese-owned app back after having had it removed from U.S. government devices.
"This is a terrible idea," said Todd. "And the only way... to bring TikTok back is if it is completely disconnected to the Chinese government. It doesn't need to be connected to ours either. I can't think of a worse idea than the sovereign wealth fund."
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Democratic insider Jonathan Kott shared Todd's assessment and predicted that it was yet another Trump stunt that would ultimately go nowhere.
"I think this is another ridiculous idea that Trump is throwing out there that will never go anywhere unless Jared Kushner is going to come back and, you know, talk to the Saudis and run the sovereign wealth fund that he's, you know, sort of become accustomed to doing outside the government," he said.
"But like, this is an absurd thing that's never going to happen in our government. It's not what we do. It's what countries in the Middle East with enormous oil reserves do. This is just another Trump distraction to make us think we're going to buy TikTok and, what, make it a state-run media operation? We already have that with Twitter."
Watch the video below or at this link.