CNBC Anchors Issue Dark Warning on Trump’s Unchecked Power on Tariffs: ‘Doesn’t Sound Like the USA’
CNBC’s Jim Cramer and David Faber discussed President Donald Trump’s apparent unchecked power over tariff policy on Wednesday amid widespread economic uncertainty, with Faber even going so far as to declare “This doesn’t sound like the United States of America” during the ominous conversation on Wednesday morning’s Squawk Box.
“I think that they have this limited window where there’s complete chaos in every single branch of the government, as well as pretty much every other institution we have in this country,” Cramer noted. “And this is the time to move if you’re the president. Why not move right now? You have disarray at universities, you have disarray in law firms, you have disarray.”
“You’ve caused all that disarray,” Faber noted.
“This is all part of the plan to simply make it all about the executive brand, one man and sow chaos throughout all of our institutions.” Cramer mockingly agreed “You think this is about Jeffersonian democracy? You think this is about checks and balances?!”
“He won,” Cramer allowed. “It’s just that we expected other institutions, maybe, to speak up. But look at the…he criticized what he called the Republican showman, and this is his time. He feels that he got voted in, which he got voted in. He feels he has a big mandate. You have institutions in disarray. Name me a strong institution in this country right now other than the executive branch. Name me one.”
“So you have no Congress, you have no Senate, you have no Justice Department, you have no press,” Cramer continued before allowing “You do have social media.”
“No, right, no academics, no press, no lawyers,” Faber concurred. “It’s interesting what you’re describing here. It doesn’t really sound like the United States of America to me. Not the one I’ve known.”
“I didn’t say that,” demurred Cramer.
Watch above via CNBC.
