Read time: 1 minute

CNBC Panelist Explodes Over Trump's Latest: 'Stupidest Idea I've Ever Heard!' (UPDATED)

Trump "ordered" via Tweet of course, for American companies to stop doing business with China. That did it for the CNBC panel.

So what happened today was markets were recovering nicely from the China-Trump feud, then China announced new retaliatory tariffs. Then Fed Chairman Jerome Powell gives a speech at the Jackson Hole (don't get me started) which calmed the markets.

But wait! Trump is about to effing tweet something that will cause the markets to crash again! (Is he short-selling? Please find this out, Congress.)

The CNBC panel has had enough. Jim Lebenthal is a partner at Cerity Partners.

JIM LEBENTHAL: This idea of forbidding companies, or in any way preventing US companies, from doing business in China, has to be the most stupid thing I have ever heard in my life. Are you gonna tell Boeing they can't sell planes in China? ...I try to remain measured, but I gotta say again, this is the stupidest idea I've ever heard."

The panel also included Steven Weiss of Short Hills Capital Partners, who said that the biggest risk to the market is Trump:


Quote of the day from Tengrain at Mock Paper Scissors, "Local Communist Seizes Means of Production"

I thought I was done for the morning, but holy shitballs, our Stable Genius, King of Israel, the Chosen One, Comrad Trump continues to prove to us that the 25th Amendment needs to be invoked now.

UPDATE: The fascist-in-chief is all about wrecking the economy here and abroad. Dow futures are down almost 600 already. By Monday, your 401k will be toast. Who profits? Let's follow the money and market manipulations to see.

Can you help us out?

For 17 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.

More C&L Coverage


New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team