Congressman Gomez responds to Trump Economic Turmoil
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What are Trump voters saying about the current market turmoil?
Trump voters are regretting what they did, especially individuals in the market who are or who are looking at their pensions and 401ks right now or those in the investment community. You had people like Geiger Capital who had previously posted no one other than fairly stupid partisans on the left think that Trump is truly going to implement 20 percent tariffs on everything across the board. Maybe didn't predict 145% tariffs against China or whatever cockamamie formula they use. And then Geiger Capital responded to their own post recently. I won't delete this tweet because I am a man of honor. But yes, I was wrong on the tariffs in November. He has indeed put blanket tariffs on every country. Trump 2.0 is very different. Also, seeing a lot of posts like this.
I've lost $208,000 since Trump became the president. I should have voted for... And of course, the person can spell Kamala Harris's name correctly. It says Camilla and other statements like this. It's no secret I voted for Trump, but I didn't vote for a global trade war. He better fix this strife immediately if Republicans want a chance to keep the House or Senate. 71 million Americans have a 401k. We are the world's largest consumers. Our trade deficits could have been ironed out with a phone call. I believe this is a huge miscalculation. Democrats should be jumping up and down tonight celebrating. Actually, we're not jumping up and down celebrating. This is a horrible time generally. for the country i mean the pain that donald trump is inflicting other posts like this i'm a small business in a small town 99.9 of america's small businesses we cannot survive the tariffs i voted for trump so don't come on here and calling me a liberal i i can go on and on and on headlines like this market turmoil puts bro sphere support for trump under strain and uh while
As of we're recording this, you never know with kind of the pump and dump meme coin economy that Donald Trump has turned our markets into. So I want to be careful what I say. But as the markets are once again in a crash mode right now, Donald Trump held a cabinet meeting and he talked about the big day we had the prior day. Here, play this clip.
Prescription drug prices are even to down. We're doing very well. It's been amazing. We had a big day yesterday. There will always be transition difficulty, but we had a... In history, it was the biggest day in history. the markets. So we're very, very happy with the way the country's running.
Very happy with the way the country is running. Let's call in Democratic Congress member Jimmy Gomez. Congress member Gomez, he's very happy, very happy with it. Transition problem, very happy with it. What's your response to that?
Well, it pisses me off. It actually makes me extremely angry because his economic plan, if he wants to call it, has just been creating chaos. One We always knew taking on having a trade war would be difficult, especially when you're picking a war with every single country on the globe, including your own allies. That's insane. He always said, oh, these are going to be easy to win, easy to win. Not when the opposition starts firing back. And that's what exactly started happening. And he just created a tailspin in the marketplace where you saw the stocks going down, down and down. You also saw the the consumer confidence crashing. You saw banks started saying, hey, there's going to be a recession, recession, recession. And it just was a complete chaos.
And what happens is you're starting to see it hurt really working men and women, people that need to look at their receipt when they go to the grocery store or restaurant. They really need to buckle down. And here's the thing, those tariffs, He lifted the big ones, but not all the tariffs. So what you're going to see is you're going to see the inflation still go up. People still hurt. And once that happens, people start tightening their belts. They stop spending. Their revenues decline. And all of a sudden, when revenues decline, the small business owner starts cutting back on hours and then laying off people. So we're in a downward spiral. It hasn't stopped just because he paused it for 90 days. The bond...
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