Senator Sheldon Whitehouse
👤 SpeakerAppearances Over Time
Podcast Appearances
Right. So I just want to say here, it is still their job. They may not do their job and we may have to be realistic about that, but dammit, we ought to call them out because it is the job of the SEC. It is the job of the DOJ to investigate exactly this kind of activity, whether it happens on Main Street or in the Oval Office.
However, having said that, this happens to be a place where it's not just the DOJ and SEC who have jurisdiction and power. It's the state attorneys general all across the country. And for that, a group of us, I have just sent out a letter to every state attorney general asking them to make an independent investigation.
However, having said that, this happens to be a place where it's not just the DOJ and SEC who have jurisdiction and power. It's the state attorneys general all across the country. And for that, a group of us, I have just sent out a letter to every state attorney general asking them to make an independent investigation.
However, having said that, this happens to be a place where it's not just the DOJ and SEC who have jurisdiction and power. It's the state attorneys general all across the country. And for that, a group of us, I have just sent out a letter to every state attorney general asking them to make an independent investigation.
you know we got 50 different actors out there uh rubbing their hands together ready to go
you know we got 50 different actors out there uh rubbing their hands together ready to go
you know we got 50 different actors out there uh rubbing their hands together ready to go
So look, it's not that you can never have a good tariff policy and that tariffs can't be one tool in the economic toolbox. It's the way Donald Trump has done this. He has done a big tariff on virtually every country, on virtually every product that they sell to the United States. He's put it in place immediately across the board. You know, a kind of everything, everywhere, all at once.
So look, it's not that you can never have a good tariff policy and that tariffs can't be one tool in the economic toolbox. It's the way Donald Trump has done this. He has done a big tariff on virtually every country, on virtually every product that they sell to the United States. He's put it in place immediately across the board. You know, a kind of everything, everywhere, all at once.
So look, it's not that you can never have a good tariff policy and that tariffs can't be one tool in the economic toolbox. It's the way Donald Trump has done this. He has done a big tariff on virtually every country, on virtually every product that they sell to the United States. He's put it in place immediately across the board. You know, a kind of everything, everywhere, all at once.
That creates economic chaos. And economic chaos is the exact opposite of getting investors to come into the United States and say, hmm, good place to build a factory or to rehab an old factory. Good time to be able to buy tools and put together a team to have manufacturing here in the United States. The price of the chaos that Donald Trump has created is to drive our economy over a cliff.
That creates economic chaos. And economic chaos is the exact opposite of getting investors to come into the United States and say, hmm, good place to build a factory or to rehab an old factory. Good time to be able to buy tools and put together a team to have manufacturing here in the United States. The price of the chaos that Donald Trump has created is to drive our economy over a cliff.
That creates economic chaos. And economic chaos is the exact opposite of getting investors to come into the United States and say, hmm, good place to build a factory or to rehab an old factory. Good time to be able to buy tools and put together a team to have manufacturing here in the United States. The price of the chaos that Donald Trump has created is to drive our economy over a cliff.
Consumer sentiment has collapsed because people on the ground experience this. They know what it means. They're watching it. Prices are going up. They're looking left, looking right, seeing those pink slips start to come out. they know that what Donald Trump is doing is not gonna produce jobs for them. And it's not gonna produce the lower prices, remember, that he promised on day one.
Consumer sentiment has collapsed because people on the ground experience this. They know what it means. They're watching it. Prices are going up. They're looking left, looking right, seeing those pink slips start to come out. they know that what Donald Trump is doing is not gonna produce jobs for them. And it's not gonna produce the lower prices, remember, that he promised on day one.
Consumer sentiment has collapsed because people on the ground experience this. They know what it means. They're watching it. Prices are going up. They're looking left, looking right, seeing those pink slips start to come out. they know that what Donald Trump is doing is not gonna produce jobs for them. And it's not gonna produce the lower prices, remember, that he promised on day one.
Sure, so understand this about treasuries, for example. These are treasury bonds, the government issues. Whenever there's a crisis anywhere in the world, terrible things happen, and investors, people who've got money that they can afford to invest in different places, you know what they do? They go to U.S. treasuries. It's called flight to safety.
Sure, so understand this about treasuries, for example. These are treasury bonds, the government issues. Whenever there's a crisis anywhere in the world, terrible things happen, and investors, people who've got money that they can afford to invest in different places, you know what they do? They go to U.S. treasuries. It's called flight to safety.
Sure, so understand this about treasuries, for example. These are treasury bonds, the government issues. Whenever there's a crisis anywhere in the world, terrible things happen, and investors, people who've got money that they can afford to invest in different places, you know what they do? They go to U.S. treasuries. It's called flight to safety.
In other words, when there's economic danger in the world, a war has broken out. There have been massive earthquakes that will disrupt the economy. COVID. What happens? Investors go to the United States government treasuries because, damn, it just doesn't get any safer than that. except with Donald Trump as president.