Baker: Trump Uses the Market as His Metric of Success, When It Hits a New Record, He Brags About It and Always Take Credit

RUSH TRANSCRIPT WITT Let ░░░░░░░░ look at the stock ░░░░░░░░ As you well know ░░░░░░░░ had its worst week ░░░░░░░░ two years And coupled ░░░░░░░░ Trump s on again ░░░░░░░░ again threats of imposing ░░░░░░░░ across the board it ░░░░░░░░ led to a huge ░░░░░░░░ in consumer confidence Economists ░░░░░░░░ increased the chances of ░░░░░░░░ recession sometime this year ░░░░░░░░ fact one JPMorgan analyst ░░░░░░░░ the likelihood at 40 ░░░░░░░░ Trump show any sign ░░░░░░░░ pulling back on tariffs ░░░░░░░░ the White House acknowledging ░░░░░░░░ economic implications and is ░░░░░░░░ any sense it could ░░░░░░░░ course BAKER Well at ░░░░░░░░ moment no What you ░░░░░░░░ the president say is ░░░░░░░░ he doesn t look ░░░░░░░░ the market Well if ░░░░░░░░ s the case that ░░░░░░░░ be the first time ░░░░░░░░ used the market of ░░░░░░░░ as his metric of ░░░░░░░░ throughout his first term ░░░░░░░░ time it hit a ░░░░░░░░ record he would brag ░░░░░░░░ it and say it ░░░░░░░░ all because of him ░░░░░░░░ would always take credit ░░░░░░░░ that it s going ░░░░░░░░ of course has nothing ░░░░░░░░ do with him or ░░░░░░░░ his case he s ░░░░░░░░ just it ll be ░░░░░░░░ short term disturbance Everything ░░░░░░░░ be fine But if ░░░░░░░░ invested in the market ░░░░░░░░ he took office you ░░░░░░░░ lost a lot of ░░░░░░░░ literally trillions of dollars ░░░░░░░░ investments have been wiped ░░░░░░░░ in the last in ░░░░░░░░ last few weeks under ░░░░░░░░ watch And I think ░░░░░░░░ you know in the ░░░░░░░░ term that may not ░░░░░░░░ that much if he ░░░░░░░░ things stabilized But if ░░░░░░░░ turned out to be ░░░░░░░░ that leads to a ░░░░░░░░ economic volatility or particularly ░░░░░░░░ it s a recession ░░░░░░░░ could be damaging to ░░░░░░░░ because the thing that ░░░░░░░░ central to his political ░░░░░░░░ is that he is ░░░░░░░░ a good steward of ░░░░░░░░ economy that he created ░░░░░░░░ great economy he says ░░░░░░░░ he was in office ░░░░░░░░ time never mind the ░░░░░░░░ that he inherited a ░░░░░░░░ good economy and kept ░░░░░░░░ going rather than creating ░░░░░░░░ new Whichever argument you ░░░░░░░░ to take that goes ░░░░░░░░ the central foundation of ░░░░░░░░ political appeal If for ░░░░░░░░ reason the economy you ░░░░░░░░ goes south that will ░░░░░░░░ cost him.”