The latest news from the stock market has left many of us wondering what’s going on, and Whoopi Goldberg is not holding back her thoughts on the matter.
On a recent episode of her show, she went off on Donald Trump’s new tariffs, and her co-stars were quick to chime in with their own opinions.
A Bad Idea from the Start
“The financial markets are in free fall after Trump declared a trade war on countries around the world,” Goldberg said, setting the tone for a heated discussion.
She showed footage of several Republicans in Congress speaking out against the recent measures, and it’s clear that many people are not on board with Trump’s plan.
“It is a bad idea,” Goldberg continued. “If things were done in such a way where you could follow the logic, I would be all for it…but I don’t know what he’s doing. I don’t like what he’s doing.”
A Lack of Understanding
Her co-star Joy Behar agreed, saying “He knows nothing about the economy.
He knows nothing about history because they tried this in 1930 and it made the Great Depression worse than ever.”
It’s a sentiment that many people can get behind, and it’s clear that Trump’s plan has many drawbacks.
Sara Haines even joked about the midterms, saying “I guess come the midterms, I think these guys are gonna be a little pissed off,” after noting that one of the locations named in Trump’s tariffs list is inhabited solely by penguins.
A Lesson from History
Sonny Hostin used a viral clip from Ferris Bueller’s Day Off to illustrate the problems with Trump’s current plan.
The clip explains how the Smoot-Hawley Tariff Act was a failure, and Hostin used it to drive home her point.
“Trump hasn’t seen Ferris Bueller to understand that past will become prologue, and really, in real terms, this could affect every single household in the United States by $5,200. That is devastating,” she said.
The Impact on American Consumers
When Alyssa Farah Griffin listed more ways Americans will be impacted by a stock market crash, Goldberg had a blunt response.
“Again, this is not news to the American consumer. American consumers saw and understood and for some reason didn’t realize this was part of the plan,” she said.
But Haines argued that many people may not have seen it coming, saying “I don’t know if they believed.
The people who voted for him, I don’t know if they could fully see and believe.” Goldberg’s response was quick and to the point: “Well, they’re fully seeing and believing it now!”
