
Former President Barack Obama and former Vice President Kamala Harris on Thursday each delivered remarks on the state of the country under President Donald Trump’s second term and criticized the administration’s recent actions.
Obama, who preceded Trump’s first term, sharply criticized Trump’s efforts to reshape the federal government, crackdown on immigration and dissent, and intimidate news outlets and the legal establishment.
“So, this is the first time I’ve been speaking publicly for a while,” Obama said during an on-stage interview at Hamilton College. “I’ve been watching for a little bit.”
“Imagine if I had done any of this,” Obama said, later adding: “It’s unimaginable that the same parties that are silent now would have tolerated behavior like that from me, or a whole bunch of my predecessors.”

Obama went on to say that he doesn’t think Trump’s new tariff announcement “is going to be good for America.” However, he said that he is more concerned with what he described as the White House’s infringement of rights.
“I’m more deeply concerned with a federal government that threatens universities if they don’t give up students who are exercising their right to free speech,” Obama told the crowd of college students. “The idea that a White House can say to law firms, if you represent parties that we don’t like, we’re going to pull all our business or bar you from representing people effectively. Those kinds of – that kind of behavior is contrary to the basic compact we have as Americans.”
Obama had previously warned of the dangers facing the country if Trump were reelected, while campaigning for Harris during the final stretch of the 2024 presidential race. “Just because (Trump) acts goofy,” the former president said at the time, “doesn’t mean his presidency wouldn’t be dangerous.”

In separate remarks, Harris on Thursday said Trump’s moves since he returned to office were largely predictable.
“There were many things we knew would happen,” Harris said in a video of her remarks at the Leading Women Defined Summit. “I’m not here to say I told you so,” she added before laughing.
Harris said she recognizes that Trump’s return to the Oval Office has created “a great sense of fear.”
“We are seeing organizations stay quiet. We are seeing those who are capitulating to clearly unconstitutional threats. And these are the things that we are witnessing, each day in the last few months in our country and it understandably creates a great sense of fear,” Harris said.

Earlier this week, Trump announced a deal with the law firm that employs former second gentleman Doug Emhoff – Willkie Farr & Gallagher – which the president said includes the firm agreeing to provide at least $100 million in pro bono legal services throughout his second term. It was another example of high-profile firms cutting deals with the White House as Trump has targeted firms that have done work with his perceived political enemies.
Before the Willkie agreement was announced, Emhoff addressed the matter saying, “The rule of law is under attack. Democracy is under attack. And so, all of us lawyers need to do what we can to push back on that.”
Harris’ Thursday remarks, video of which were first reported by MSNBC, are her most direct comments since the start of Trump’s second term.

The former vice president, who lost to Trump in the November election, went on to say that while fear is “contagious,” so is courage.
“Fear has a way of being contagious. When one person has fear, it has a way of spreading to those around them and spreading. And we are witnessing that, no doubt,” Harris said at the gathering of female leaders of color.
“But I say this also, my dear friends, courage is also contagious,” she added.
Billionaires are turning on Trump

Even Elon Musk — the world’s richest man and top Trump acolyte — said Sunday that he hoped for a “zero-tariff situation” between Europe and the US. In an interview with Italy’s Deputy Prime Minister Matteo Salvini via video link, Musk said he wanted to see an effective “free-trade zone” created between Europe and North America.
Echoing Ackman, Simon MacAdam, deputy chief global economist at consultancy Capital Economics, said businesses were likely to hold off making investments due, in large part, to the “sheer uncertainty” of Trump’s tariff policy.
“If you’re a mid-sized or even a large-cap company, you’re going to be very hesitant about what to do,” he said.

“If those tariffs are going to be negotiated back down again in a few months’ time, then you’d be wasting your time investing potentially hundreds of millions of dollars in new plants… in the US,” he told CNN.
In his post, Ackman said the new tariffs were “massive” and “disproportionate,” saying: “This is not what we voted for.” He called for a 90-day “time out” in which Trump could negotiate with trading partners to “resolve unfair asymmetric tariffs deals.”
Trump has said his tariff agenda is designed to redress years of lopsided trade between America and its partners, caused, in his view, by other countries imposing steeper tariffs on US goods imported into their markets than the US does on theirs.
But investors are clearly not convinced by the wisdom of Trump’s plan. Stock markets in Asia and Europe plunged Monday and futures pointed to another bad day for US stocks, following Trump’s tariffs announcement last Wednesday.
It’ll be tough for Trump to dig his way out of this one
With his chaotic trade policy, President Donald Trump is digging himself into an economic and political hole so deep, it may prove impossible to climb out.
On Wednesday morning, just after markets spent a day reeling from Trump’s on-again-off-again threat to levy extraordinary energy, steel and aluminum tariffs on Canada and to destroy the country’s auto industry, Trump placed tariffs on all steel and aluminum imported from every country around the world, a policy that could drive up prices on a broad range of consumer and industrial goods for Americans. Europe immediately retaliated, adding pressure on a variety of American industries.

Wall Street has grown nervous about the damage Trump’s policies could inflict on America’s still-strong but increasingly wobbly economy. Stocks have plunged, with the Nasdaq falling into correction (a decline of 10% from its recent high) and the S&P 500 flirting with that inauspicious territory.
Trump has been provided with multiple escape routes and off-ramps: His advisers and economic brain trust, including Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett have been frequent guests on cable and network news shows, on which they called Trump’s tariff policy “fluid” and have noted good progress with foreign countries on negotiations on key disputes like fentanyl and immigration crackdowns.

At times, Trump has appeared to take the hint: He has twice tapped the brakes on Canadian and Mexican tariff plans, pushed back the apparent date in which dollar-for-dollar reciprocal tariffs would go into effect, paused the de minimis exclusion and this weekend delayed dairy and lumber tariffs that he said would go into effect by now. And on Tuesday, officials from Canada and the United States agreed to meet later this week to negotiate their trade disagreements, a potential detente in an escalating trade war.

But it seems as though Trump simply can’t help himself. Just when you think he’s out, he pulls himself back in. Trump has become addicted to tariffs because of the kind of concessions he can gain from them: In exchange for a threatening social media post and a promised meeting, Ontario backed away from punishing electricity surcharges.
“The president is in a tight spot, and every tariff (or threatened tariff) makes his position more difficult,” said Simon Johnson, professor of global economics and management at MIT. “If he keeps going in this direction, prices will rise and the economy will slow even further.”
Wall Street, Corporate America and consumers are growing fed up with the routine.

“Investors are concerned this will become an own-goal, manufactured economic slowdown,” said Art Hogan, chief market strategist at B. Riley Wealth Management. “We don’t know what the endgame is.”
If he’s not careful, Trump could seriously harm America’s economy with the higher prices tariffs could inflict on businesses and consumers – ironic for a president who was elected because issue No. 1 for Americans was an inflation crisis.
“For anyone who voted for Donald Trump on his promise to lower prices, it’s going to be a shock and potentially infuriating that prices haven’t gone down – and instead, they’ve gone up,” said Scott Lincicome, vice president of general economics at the Cato Institute’s Stiefel Trade Policy Center. “I don’t see an economic or political way out of this.”
The inflation and recession conundrum
But if Trump is looking for a “win” from tariffs, there’s this: His trade policy could shock the economy so severely that it would finally kill America’s inflation problem.
It could be a painful pill to swallow. But Speaker of the House Mike Johnson hinted at that possibility Tuesday when he defended Trump’s policies as a necessary “shake-up.”
“This is what’s required in my mind to start the process of repairing and restoring the American economy,” Johnson said. “I believe that the strategy is going to work.”
Consumer spending makes up more than two-thirds of America’s economy, and the threat of tariffs has already spooked Americans. If they stop spending, they could slow the country’s economic engine – and bring prices into check as demand sinks.
Retailers are warning that could be starting to happen. Walmart, Target, Kohl’s and Dick’s all predicted on recent earnings calls that a consumer pullback is on the horizon because of economic uncertainty caused by Trump’s tariff threats. The S&P 500 retail index (XRT) was at a 52-week low Tuesday.
Delta cut its profit forecast in half Monday after warning that economic uncertainty was leading potential flyers to reconsider their travel plans. And a key measure of small business uncertainty surged to the second-highest level since 1973, according to a National Federation of Independent Business report on Tuesday.
To be clear: A recession isn’t around the corner, but the threats are rising. Goldman Sachs increased its recession chances to one-in-five. And Former US Treasury Secretary Larry Summers told CNN Monday there is a “real possibility” of a recession caused by massive uncertainty over Trump’s policy.
“The just announced tariffs on Canadian steel and aluminum are the worst trade policy yet. Increasing the price of key inputs for the US manufacturing industries–who employ 10 million people–is what a U.S. adversary would do,” Summers posted on X Tuesday. “It is a self-inflicted wound to the U.S. economy.”
No one wants a recession. But if one were to happen, the benefit, if there was one, could be that America’s persistent inflation crisis could be solved.
“It’s hard to want a recession, but I think that’s the only way tariffs would not be inflationary,” said The Liscio Report’s Philippa Dunne. “It’s such a sad situation, because the people who are struggling and voted for him will be hurt.”

Trump’s aides have downplayed recession fears, suggesting instead that the new tariffs will cause momentary “disruption” as global trade is realigned toward the United States.
White House press secretary Karoline Leavitt on Tuesday defended Trump’s tariffs as a necessary measure to save the US economy.
“Tariffs are a tax cut for the American people,” she said during a press briefing, arguing that tariffs are needed to bring production back to the United States and punish countries that have taken advantage of the US in the past.
But if Trump keeps passing up off-ramps, he may have little choice.

“The reality is Trump has attached himself to tariffs. He has pushed to the forefront that tariffs increase prices. The cake is baked unless the tariffs go away,” said Lincicome. “But the only way inflation drops from all of this is if we tip into a recession.”.
Trump’s lifelong belief in tariffs is about to face its acid test
Scandal, deals and a hostage release: Just another day in Trumpland
White House press secretary Karoline Leavitt insisted that every American knew Trump “only works with the interests of the American public in mind.” This is quite a claim, given that Trump’s first major foreign tour of his second term is swinging through a region where his family is launching new golf and hotel projects.
Most presidents might consult the deliberations of the founders in the Federalist Papers for advice on this question.
But Trump turned to the late ‘Slammin’ Sam Snead, no constitutional scholar but a golfer who won seven major championships in the 1940s and 1950s.
“He was a great golfer. And he had a motto: When they give you a putt, you say, ‘Thank you very much,’ you pick up your ball, and you walk to the next hole,” Trump said. “A lot of people are stupid. They say, ‘No, no, I insist on putting it,’ and then they putt it, they miss it, and their partner gets angry at them,” Trump told reporters during a mini-meltdown at the White House.

The moral of the story: Take what you can get, even if it’s not according to the strictest interpretation of the rules.
To get the new plane ready to carry a president, Trump would have to spend millions of taxpayer cash on military upgrades and communications equipment. And the Secret Service would have to strip it to the screws to flush out any bugs planted by foreign intelligence agencies. There’s no guarantee that it would enter service before two multibillion-dollar budget-busting and long-overdue 747s already earmarked to serve as the presidential ride. But Trump’s vanity in pining for a replacement for the 1990s jumbos currently in service is certainly in character.
It’s also rather embarrassing that the world’s mightiest superpower would rely on an ally to get a new plane – manufactured by an American company.
But Trump’s quest for a new Air Force One could turn into a political liability.
Ex-House Speaker Kevin McCarthy advised him to drop it. “Let’s let Boeing finish that – the new planes (are) coming in,” McCarthy told Zain Asher and Bianna Golodryga on CNN International. The former California Republican representative added: “I think America can afford their own plane and build their own Air Force One.”

A deal forged on patio sofas
Trump started Monday by boasting about a breakthrough in China trade talks in Switzerland.
“We achieved a total reset with China,” the president said. What actually happened was that both sides stepped back from the brink of a showdown that could have destroyed the global economy – which Trump caused.
In another perennial Trump move, there’s yet another deadline, of 90 days, to negotiate concessions while mutual tariffs are reduced by 115 percentage points.
US Trade Representative Jamieson Greer said the agreement, largely negotiated at the residence of the Swiss ambassador to the UN in Geneva “under a big, beautiful tree on a set of patio sofas,” is a first step toward balancing trade.

Yet the deal, hammered out under the stewardship of the increasingly influential Treasury Secretary Scott Bessent, also looks like a Trumpian retreat – only a week after the president was warning parents that their kids would have to make do with just a couple of dolls as new restrictions on China kicked in. Beijing appears so far to have made no meaningful concessions. And Trump has rolled back his 145% duties on Chinese imports while still saddling US consumers with a 30% tariff on those goods.
“It’s very clear that it’s President Trump who blinked,” former Treasury Secretary Larry Summers told CNN’s Kasie Hunt. “Sometimes it’s good to blink; when you make a mistake it’s usually best to correct it and retreat even if it’s a little bit embarrassing.”
Trump justifies his use of tariffs – a device that deepened the Great Depression nearly a century ago – by the need to reverse the tide of globalization that left many working Americans stranded.
That same rationale lay behind another policy move Monday that showed how a populist president sometimes trashes Republican economic orthodoxy. Trump signed an executive order designed to bring the price Americans pay for prescription drugs in line with prices abroad, where governments with state health care systems can negotiate down costs.
Health and Human Services Secretary Robert F. Kennedy Jr. pointed out the political leap the president was attempting.

“This is an extraordinary day. I grew up in the Democratic Party, and every major Democratic leader for 20 years been making this promise to the American people,” Kennedy said. “It’s one of these promises that politicians make to their constituents knowing that they’ll never have to do it.”
“We now have a president who is a man of his word, who has the courage,” Kennedy added.
But Trump may fall short. A similar effort in his first term was blocked in the courts. And the power of pharmaceutical lobbyists in Congress means that a more permanent change in the law is unlikely.
Still, he keeps flirting with GOP policy heresy. He even suggested the rich should pay more to finance his ambitious tax-cut plan, which he hopes will exclude exemptions for wages earned as tips.
Some of this is positioning for political effect. But after three months in which the president’s approval ratings plunged, a Trump voter might consider a hostage release, a bid to cut drug prices and a trade deal with China as a good day’s work.
But perhaps the less said about the Qatari jumbo jet, the better.



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