'There's Going To Be A Shake-Up Right Now': Speaker Johnson Responds To Stock Market Plunge

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At today's House Republican leadership press briefing, Speaker Johnson responded to the stock market drop.

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Transcript

00:00The stock market plunged yesterday, it's going down again today, part of the reason is because

00:07of President Trump's policies on tariffs, including the ones that were just introduced

00:11this morning.

00:12Can you comment here, does Trump need to rethink what he is doing, given the chaos that we're

00:18seeing in the stock market?

00:19This is how I feel about it, many of us feel about it.

00:22The President has already proven what he can do on the economy.

00:25This is not theoretical.

00:26Look at the first term of the Trump administration, prior to COVID, we've talked about this many

00:31times in here.

00:32At the first two years of the Trump administration, we had the greatest economy in the history

00:35of the world, not just the U.S.

00:37Go check it.

00:38We had every demographic was doing better, all votes were rising, we had a thriving U.S.

00:44economy, we were booming, and that's because of the policies and the strategy that President

00:49Trump led and delivered.

00:51We've cut taxes, we've cut regulations, we've let people keep more money in their pockets,

00:56and we've made America the first great world.

00:58That is what he's doing here.

01:00Now, he's got to reshape and shape things, because it's in a real mess.

01:04The last four years was a disaster in economic policy and every other measure of public policy.

01:09So, what President Trump is doing, I think of it sort of like when you're playing billiards,

01:13you're playing pool, right?

01:15You go on the table and the balls are racked, right?

01:17And you hit it as hard as you can.

01:18This is the many people strategy of the game.

01:20You hit it as hard as you can to break up the balls on the table and send them straight.

01:24Then, you play the strategy of safer than the balls, right?

01:27That's what we're doing right now.

01:29It is a shake-up.

01:30And he said it was going to be a shake-up right now, but this is what's required in

01:34my mind to start the process of repairing and restoring the American economy.

01:39I believe that the strategy is going to work.

01:41I believe that, you know, sometimes when you shake up, it's a violent thing on the table,

01:46right?

01:47In the game metaphor.

01:48But it always works out well in the end, and I think you've got to give it time.

01:51He's been in office for just over, what, 50 days?

01:53This is the 51st day in office.

01:55Give the president a chance to have these policy discussions.

'There's Going To Be A Shake-Up Right Now': Speaker Johnson Responds To Stock Market Plunge

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