CNBC's Rick Santelli on Wednesday criticized ABC News presidential debate moderators David Muir and Lindsey Davis for not explaining aspects of the tariffs “in more depth” to moderator Andrew Ross Sorkin.
During Tuesday night's presidential debate between former President Donald Trump and Vice President Kamala Harris, the former president explanation Santelli revealed that his economic plan includes steep tariffs. Speaking on “Squawk Box,” Santelli said the tariffs were “He said that the ABC News debate moderatorEconomical Sense.”
“You know how I feel. Customs duties? It is a bargaining chip and many Tariffs with China It's still going on. ohAgain, the moderator Digging into the two Digging deeper into the tariff aspects Other areas that are not economically profitable “It just doesn't make sense,” Santelli said.
“Listen, prices are rising Uh, Andrew, Whether it's through taxes or tariffs, side. Our The policy is stupid I can't be Santa Claus. aAll of these programs policy, That's a promise that will never come true by Congress, and each has its own costs. We can't afford it. “We've done this before,” Santelli continued.circlePay in advance Ineffective policies In economic terms You are benefiting.”
Santelli went on to say that younger generations will “feel the pain” of rising prices, and asked Sorkin if he thought homeowners would be able to handle higher home insurance premiums. (Related: ABC debate moderator fact-checks Tim Walz ignores what states can do about infants born alive after abortion attempts)
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“LSee what we learned yesterday. The wages were finally reached in 2019, How much they That's up from 2019. IIf you are there and you Young people, study, “Hey, study,” Santelli said.
“AThese superstars Such a recommendation was made Yesterday may have been timely. They don't feel pain What's going on but I feel bad I can't buy a house It's insurance,” Santelli said.The price of insurance is I'm going Calm down, Andrew? yesThe people of Florida Almost can't hold Housing is 300% What do you think about insurance premium increases?
Sorkin began to respond to Santelli's comments but then interrupted, likening the debate moderator to a “turkey hunt” and asking him why no one is talking about this issue.
“Yes, then that? “Do you want to talk about that?” Santelli asked.What kind of problem? What was the last problem you learned? night? The Vice President is smart. And she can memorize playing cards They take the bait, but ABC Humans are like turkeys Shoot!”
Harris faced strong backlash from political commentators after she unveiled her economic plan in mid-August, particularly over her proposal to impose a federal ban on “corporate price gouging” to curb soaring food prices, which critics say could not only lead to higher prices but also create a black market.
The vice president has also faced backlash over his proposal to give first-time homebuyers up to $25,000 in down payment assistance. Matt Gorman, a former aide to Sen. Tim Scott, R-South Carolina, warned on CNN in August that housing subsidies would only increase home prices across the US.
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