Lou Dobbs notes the real cause of the stock market selloff and it has nothing to do with tariffs. The new Fed chair and the treasonous Ryan and McConnell, joined Dems in reckless…
Lou Dobbs notes that it’s not President Trump’s imposition of tariffs on foreign steel and aluminum that is responsible for the huge sell off in the stock market, although that is what the simpleton Trump-haters in the mainstream media are proclaiming. [[WATCH VIDEO BELOW]]
Dobbs notes that imported steel and aluminum has been dumped in the United States for decades in order to force our manufacturing capabilities to wither due to insolvency and relocation abroad.
He says, “Were it not for President Trump we would remain the perpetual victim, transferring our wealth to the world as we’ve done for decades and our squandering of American riches would go on until the last bite was ripped from our carcass.
Dobbs credits two things for the market response. He states that “The Fed’s poorly reasoned decision to raise interest rates weighed on the markets. Where is the inflation? Why act now? And why, when the result is to raise the cost of debt, at even the Fed itself? Not a brilliant stroke by the new Fed chair nor was it in any way a responsible act.”
“But look to Capitol Hill,” says Dobbs, “for the principal cause of the day’s big selloff. The House passing that massive $1.3 Trillion spending bill. RINOs Ryan and McConnell giving House members a whole 17 hours to read the 2,000 page bill. None did, I’m sure.”
He notes, “Ryan and McConnell huddled with two Dem leaders by the name of Schumer and Pelosi, and the Dem duo didn’t hesitate to claim victory, because victory it was, over the majority GOP leaders.”
Dobbs plays a couple clips of the gloating Schumer and Pelosi, with the New York Democrat observing, “In a certain sense we’re able to accomplish more in the minority than we were when we had the presidency or even were in the majority.” Pelosi said, “Well, I think one of the reasons they rushed it through, they didn’t want their Republican colleagues to see just exactly what was in the bill.”
Dobbs observes, “That’s as close to truth as I’ve ever heard either Schumer or Pelosi speak.” He continues on Pelosi’s comments, saying, “The Republican leaders didn’t want the American people to realize they were funding sanctuary cities, Planned Parenthood, including infrastructure funding that could be used for Schumer’s Gateway Tunnel in the northeast corridor.”
“And instead of giving President Trump his wall,” Dobbs notes, the GOP leaders are “replacing existing border fencing, and in so doing blew up fiscal policy to the tune of $1.3 trillion. The budget will add an estimated $1.7 trillion dollars to the federal debt over the next decade and we’ll see trillion dollar deficits every year going forward, every single year.”
Dobbs declares, “McConnell and Ryan have joined the resistance and the deep state. And the Republicans have only Ryan and McConnell to blame, and of course, themselves.”
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