In an interview with Politico, one of Donald Trump's co-campaign managers from his 2024 presidential bid had little sympathy for either Americans watching their 401k's value plummet or Wall Street investors seeing their portfolios ravaged by the president's trade war.
According to Christ LaCivita, Trump is doing what he promised and no one should be surprised about the onslaught of tariffs and executive orders that have been the hallmarks of the president's second term.
Speaking with Politico's Dasha Burns, La Civita defended Trump's trade war and when pressed, "The thing that I’ve been watching though is the stock market, as I know a lot of folks in business have been watching," he replied, "A bunch of bed-wetters."
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"But folks with a 401(k), Chris. I think that President Trump and to some extent others like Treasury Secretary Scott Bessent have started to have a more frank conversation with the American people saying, 'Hey, yeah, there might be some disturbance in the short term," Burns countered.
"Look at the amount of times there were disturbances in the last four years that went on for weeks," LaCivita protested. "Don’t get me wrong, I’m not lessening the impact. I have the same accounts in the same 401(k)s that other people have."
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With the Politico reporter pointing out, "But you’re doing better than most average Americans," the former Trump campaign adviser replied, "Oh, please. Well, it depends on what publication you read, because a lot of them print a bunch of BS."
He later added, "... here are things that have to change. It’s a recognition that we have to do something overall to create more of a trade balance. I remember when the Wall Street Journal went after the president on the steel tariffs back in his first term. And actually, they were 100 percent wrong and the tariffs actually helped the industry. Look, I’m not discounting the fact that there’s a lot of shock therapy going on right now. It’s very fast. It’s a lot. It’s literally ripping the Band-Aid off."
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