CNBC’s Jim Cramer and David Faber tore into former President Donald Trump’s economic proposals, calling his plans for mass deportation and tariffs a recipe for disaster.
On Monday’s “Squawk on the Street,” the hosts slammed Trump’s ideas as “massively inflationary” and likened them to the economic catastrophe of the Great Depression.
Faber questioned the impact of Trump’s policies on wages, asking, “What happens when you put tariffs on goods and stop immigration and force migrants to leave? In terms of wages, isn’t that going to be inflationary?”
Cramer responded, “Of course! Of course! I mean, when you see tariffs like that, obviously you think about 1929 to ’32 and realize how wrong they are.”
In a tongue-in-cheek remark, Cramer suggested Trump might have gotten his inspiration from the Broadway show “Hamilton,” saying, “Maybe Trump has seen the show. Maybe he saw it twice. It’s very pro-tariff.”
The hosts agreed that immigration benefits the US, with Faber saying, “Our country benefits from immigration.” Cramer added, “Immigration keeps voices down, but I don’t know if you’re – it’s a double-edged sword.”
(YWN World Headquarters – NYC)
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3 Responses
They know very well Trump is best for the US economy, but they’re invested in China. To them “wages going up” is a bad thing. It’s about the corporations…
Former Trump officials: among the most vocal opponents they are coming out with harsh warnings that Trump in the White House is one of the biggest threats to the world, He is unfit to be Commander in Chief puts himself over the Constitution . We don’t take an oath to a king or a queen or a tyrant or a dictator, untrustworthy, he is pathologically self-interested. he should, never be president of the United States he is the most divisive political figure in US History”. Vice president Mike Pence, Attorney general William P. Barr, Chief of staff John Kelly, Defense secretary Mark T. Esper, National security adviser Lt. Gen. H.R. McMaster, National Security adviser John Bolton, National Defense adviser Harris Oliva Troyeare, Counsel Ty Cobb, Gate keeper Madeleine Westerhout, Communications director Hope Hicks, Special aide Cassidy Hutchinson
Haley voters for Harris is the worst type of people with TDS