MSNBC anchor Rachel Maddow delivered a blunt critique of President Donald Trump on Wednesday night, warning that his abrupt reversal on tariffs reflects deeper economic instability and growing panic behind the scenes. “For all his famed and supposed attention to the stock market, I got to tell you, Donald Trump has been very happy to preside over huge off-the-cliff plunges in the stock market repeatedly,” Maddow said during her primetime broadcast.
“In fact, in history, if you look at the Dow Jones, if you look at the 10 largest single-day point drops in the Dow in history, of the 10 worst point drops ever on the Dow, Donald Trump was the president for nine of those 10 days.”
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The president recently announced a sudden 90-day pause on many of the tariffs he had just introduced, a move that sent shockwaves through financial markets. Maddow pointed to this abrupt change in policy as evidence of a broader crisis unfolding in the U.S. economy.
“So yes, the stock market stuff under Trump has been scary, but if the bond market blows up, say goodbye to the U.S. economy,” Maddow warned. “And today, what happened is, the bond market started blowing up. When that happened at the opening of the bond markets today, that’s apparently what turned things around.
That’s how we discovered this lovely cave that Donald Trump led us into today on his tariff policy.” She noted that while sharp drops in the stock market have become somewhat expected under Trump’s leadership, the bond market’s volatility carries far more serious long-term consequences.
“The bond market falling apart is a much bigger deal than the stock market falling apart in terms of the fundamentals of who we are in the world and how our money and our economy works,” Maddow explained. “Because the stability of the U.S. bond market is what we depend on, essentially, for the spine of our economy, everything from mortgage rates in the housing market to the integrity of our multi-trillion dollar national debt.”
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According to Maddow, Wednesday began with markets in turmoil as investors reacted to the new tariffs. She described the market’s reaction as “normal for a day with Donald Trump at the wheel,” but emphasized that the bond market’s reaction likely forced the administration’s hand in backtracking so quickly.
With concerns mounting over the economic direction of the country, Maddow’s message was clear: the president’s erratic policy decisions could have serious and far-reaching consequences — ones that go far beyond a bad day on Wall Street.
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