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Raw Story: 'Could get ugly': Fox reporter spills 'breaking' news on Trump 'risking financial crisis'
Raw Story - 'Could get ugly': Fox reporter spills 'breaking' news on Trump 'risking financial crisis'
David McAfee
April 19, 2025 5:54PM ET
A veteran Donald Trump reporter says the president is willing to risk financial crisis in order to enact his biggest agenda items.
FOX Biz senior correspondent Charles Gasparino, who reports on Trump often and earned the ire of MAGA when he recently reported that conservatives were wrong to suggest Trump outsmarted the world with tariffs, took to social media to issue a breaking alert.
"BREAKING: The unanswered question about the Trump trade-tariff plan is why--why did he do it first? Why didn't he wait until the economy is running at 3 per GDP; or DOGE began chipping away at the deficit? Why did he do something so unsettling so fast, risking a financial crisis, if he doesnt thread the needle just right?" he asked. "The MSM spin, the rationale from the Wall Street elite is that Trump doesn't know what he's doing, and is being both pressured and suckered by ideologues in the White House who think they can recreate a manufacturing economy circa 1960. I'm telling you that common theme is false."
He continued, noting that he has "covered Trump for decades."
"He's tough and smart. He has an acute understanding of the state of the economy. What is true: Trump is an ardent believer that the trade system is imbalanced, and he's got pretty good numbers to prove it. And it begins with China, which was given a free pass to dump goods on the world at low prices, manipulate its currency in the process, join trade organizations to enforce its mercantilism at the expense of the Industrial Midwest, which became deindustrialized, and now is in a deep state of decay, mired in near poverty and an opioid epidemic," Gasparino added. "The reality," he said, is that "most of the jobs that replaced factories, quite simply, sucked. They depressed standards of living in these towns."
/snip
David McAfee
April 19, 2025 5:54PM ET
A veteran Donald Trump reporter says the president is willing to risk financial crisis in order to enact his biggest agenda items.
FOX Biz senior correspondent Charles Gasparino, who reports on Trump often and earned the ire of MAGA when he recently reported that conservatives were wrong to suggest Trump outsmarted the world with tariffs, took to social media to issue a breaking alert.
"BREAKING: The unanswered question about the Trump trade-tariff plan is why--why did he do it first? Why didn't he wait until the economy is running at 3 per GDP; or DOGE began chipping away at the deficit? Why did he do something so unsettling so fast, risking a financial crisis, if he doesnt thread the needle just right?" he asked. "The MSM spin, the rationale from the Wall Street elite is that Trump doesn't know what he's doing, and is being both pressured and suckered by ideologues in the White House who think they can recreate a manufacturing economy circa 1960. I'm telling you that common theme is false."
He continued, noting that he has "covered Trump for decades."
"He's tough and smart. He has an acute understanding of the state of the economy. What is true: Trump is an ardent believer that the trade system is imbalanced, and he's got pretty good numbers to prove it. And it begins with China, which was given a free pass to dump goods on the world at low prices, manipulate its currency in the process, join trade organizations to enforce its mercantilism at the expense of the Industrial Midwest, which became deindustrialized, and now is in a deep state of decay, mired in near poverty and an opioid epidemic," Gasparino added. "The reality," he said, is that "most of the jobs that replaced factories, quite simply, sucked. They depressed standards of living in these towns."
/snip
6 replies
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= new reply since forum marked as read
