Ari Melber Says Trump’s Stock Market Drop Makes Even People Who Liked His Message Say ‘No to the Results’ | Video

MSNBC’s Ari Melber took a close look at the damage being done to the U.S. economy by Donald Trump, exemplied Monday by a continued sharp stock market drop, warning this so-called “Trump slump” means we may be “in for a rocky ride.”

And he later noted, it’s giving a lot of people electoral buyer’s remorse.

Melber noted that Monday’s 900-point stock on the Down Jones was complimented by the NASDAQ exchange’s “worst day in over two years,” and ran through clips of news coverage of this growing crisis. Then he noted the curious fact that Trump himself has recently started talking as if he’s trying to create a recession on purpose, for instance on Monday when he dismissively told Fox News people should probably expect one in terms that suggest he isn’t worried about it.

“President Trump, who has long cited his perceived or claimed business record, sometimes in a boardroom that was actually a television set, sometimes in other actual, real world business deals, branding and casinos,” Melber continued, “has long cited that as his differentiator across a lot of other candidates and leaders, and we have seen evidence that at times, the voters have bought that the idea that his background in business or the television business would somehow make him a great leader for the economy.”

Melber noted that the economic effects of the COVID-19 pandemic wasn’t really his fault, “but now we are seeing a direct response to his leadership, the way he is running the government, the reports of these chaotic cabinet meetings, the tariffs that are announced withdrawn, repackaged and during an interview on Fox with Maria barroma… she asked some straightforward questions and got some really striking answers, including the sitting president saying he couldn’t really rule out the possibility of a recession.”

Melber played a clip of that disturbing exchange, and commented, it is “certainly not the kind of business acumen, economic leadership that has a message that might help stabilize the markets. And anyone who’s followed the markets knows they do have a kind of a logic all their own. They’re not going to be sweet talked into something by a president, any president who wants things to just be better, but they might have taken a better message that was steady or clear about what the United States was going to do, or taking things off the table or clarifying why.”

Melber reminded viewers of Trump’s chaotic last week, with his announced tarriffs that he quickly withdrewm then didn’t. Then Melber highlighted an atonishing comment from Trump who, Melber noted, has pretty much always bragged about being good for the stock market.

“I have to do is build a strong country,” Trump said about the country he has for the last 2 months being hitting with a wrecking ball. “You can’t really watch the stock market.”

Melber then highlighted how Trump used to discuss the stock market, saying at one point how “very important” it is. He then linked Monday’s stock market drop to Trump’s policies since taking office.

“Then you actually have these cuts, the style of leadership, the governing clashes I mentioned. And of course, the tariff confusion and the choppy trajectory is down, down, down. This is not riggable. This is not a fixable number. This is the actual collective reaction of thousands and thousands of investors looking at the broad markets and a whole range of companies,” he said.

Melber argued that “hundreds of companies floating stock prices are reacting to tangible governing events like these cuts and these tariffs and the promised trade war and the general bellicose stance towards certain other countries, disrupting the European Alliance on a foreign policy level with Ukraine.”

“Private businesses now are being pretty clear,” Malber later said, that the the way things are going under Trump “are going could hurt business, and remember, they don’t view that as an ideological or political statement, and many of those companies are in areas like finance or oil, where they would prefer a little less federal government…. They are calling out a mounting type of government created chaos that will have, quote, ‘an adverse effect or impact’ on their businesses.

Eventually, Melber concluded, “if you remember, we heard a lot, especially right after Donald Trump won the election, about messaging, about who had better lines, quips, memes, who was snappier on the podcast, and that’s a big part of campaigning… And if one party missed some of that on the campaign side, well then that’s politics. You got to deal with it. But what I’ve told you, and what we’re seeing to start this week with this market slump, is the campaign time is over right now. It doesn’t seem like the public is assessing who was better on a podcast, who had a better slogan or equip. They’re assessing the actual governing results of this agenda in this early, nascent and harrowing period. And a lot of people are saying whatever they thought of the message last year. They’re saying no to the results right now.”

Watch the whole clip below:

The post Ari Melber Says Trump’s Stock Market Drop Makes Even People Who Liked His Message Say ‘No to the Results’ | Video appeared first on TheWrap.