4.4 • 15.6K Ratings
🗓️ 11 April 2025
⏱️ 55 minutes
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0:00.0 | And I am Stephanie Rule, and I don't care if you need one, but I am definitely taking a deep breath right now. |
0:07.3 | I suspect you need one, too. |
0:09.0 | It is day 81 of the second Trump administration, and we've got a lot of money-power politics to talk about. |
0:15.1 | Look for historical parallel, and it's really, really hard. |
0:18.0 | The closest thing you can come to would be wartime, perhaps, perhaps, |
0:24.9 | you know, getting into a war we didn't need to get into. We could say Vietnam, we could say Iraq. But outside of that, outside of a, you know, a national security wartime kind of thing, |
0:29.8 | I can't think of a president who has done more to undercut his own, you know, presidency so early, |
0:37.4 | so dramatically and affect so many other lives, right? |
0:40.5 | A lot of presidents make mistakes in their early days, although not usually in their second term. |
0:44.6 | They nominate somebody who gets in trouble. |
0:47.4 | There may be a scandal, something they forgot to tell us, or they didn't want to tell us. |
0:51.5 | But I can't think of anybody who has done more to sort of so |
0:55.0 | worldwide uncertainty, you know, drain out literally trillions of dollars worth of market cap |
1:02.0 | for all these companies, essentially retirement savings for many Americans, not to mention the |
1:07.0 | uncertainty in Washington where tens of thousands of people have suddenly been told |
1:11.6 | they're out of a job and services are no longer going to be provided that they come to |
1:15.9 | depend on and foreign aid to places that, you know, are suffering from disease and hunger. |
1:22.3 | So much has happened in just 11 weeks. |
1:24.4 | There is no parallel, I think, of, and in American history. |
1:27.6 | Here's what I want to say. It has been over a week since this trade disaster began. |
1:33.2 | And I have spent that week speaking to investors here and abroad. And what I feel most tonight |
1:39.3 | is scared, scared that what we are facing is a crisis of confidence, confidence in us, the United |
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