'It's A Bloodbath In The Markets': Ron Wyden Absolutely Hammers Trump Over Tariffs

yesterday

At a Senate Democratic press briefing on Friday, Sen. Ron Wyden (D-OR) spoke about tariffs and the Republican budget resolution.

Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:

https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript

Stay Connected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Transcript

00:00So here's where things are right now.

00:05It's a bloodbath in the markets again today.

00:10And what you have all over the country

00:12now is Americans wincing as they look at their retirement

00:18accounts.

00:19And people are petrified of getting

00:21the calls about their jobs, their own personal finances.

00:26So they're hurting, but the billionaires

00:29on the other hand have got an ace in the hole.

00:34And that's their friends in the United States Senate,

00:37the Republicans.

00:39So while the economy is burning, thanks to Donald Trump's

00:41reckless tariffs, the bill the Republicans

00:44are scrambling to pass is essentially a bailout for them

00:49and big corporations.

00:51And he is taking the United States back

00:54to economic policy that predates the nightfall.

01:00He's driving up prices across the board.

01:03He did such an incompetent job.

01:06As you heard, I'm talking about penguins.

01:09I guess, as a ranking Democrat on the Finance Committee,

01:11I've got to be ready to maybe protect koala bears.

01:14Who knows what's next?

01:16Donald J. Hoover says he's not going to back down.

01:22And that is bad news for everybody.

01:25He's counting on a steady paycheck to get by.

01:28But the well-connected billionaires

01:30who helped Donald Trump get back in power

01:32are safe in the knowledge that Senate Republicans

01:36have got their backs.

01:38The reality is, unless you're way up

01:41at the upper end of the income scale,

01:43any benefit you get from this Republican tax bill

01:46is going to get blown out of the water

01:48as the Trump tariffs continue to hike inflation.

01:51Trump, meanwhile, is completely out of touch.

01:55And as you have heard, they don't even really care

01:59about the harm they're causing.

02:02Donald Trump said so himself.

02:04He talked about auto manufacturing and said,

02:07quote, I couldn't care less if they raise taxes.

02:11But what's even more striking is yesterday

02:14after the market crash, Donald Trump

02:16was asked about his tariffs.

02:17And he said, I think it's going very well.

02:23You walk into a coffee shop in my home state

02:27and you said something like that,

02:29that response you would be getting from people

02:33would be devastating, starting with the fact

02:35that they would call him a hypocrite

02:38because he said he was going to be concerned

02:39about the cost of living.

02:41And he's working on practically everything else.

02:43Senator Klobuchar.

'It's A Bloodbath In The Markets': Ron Wyden Absolutely Hammers Trump Over Tariffs

Category

Transcript

Recommended