The Republican National Committee is ardently defending President Trump against unified condemnation from Democrats over a Twitter thread the president posted Sunday attacking four freshman Congresswomen of color that was widely lambasted as racist, xenophobic, and nativist.
"I think it's really inappropriate," Liz Harrington, a spokesperson for the RNC, told Cheddar Tuesday regarding the calls that the President is a racist. "This is a debate that has nothing to do with race, it has nothing to do with gender, it has nothing to do with religion, it has everything to do with ideas."
President Trump also pushed back Tuesday morning, writing in a tweet "I don't have a Racist bone in my body!"
The GOP leadership is largely behind the president. Sen. Mitch McConnell (R-Ky.) told reporters, clearly, "the president is not a racist." At a separate press conference, when asked if he thought Trump was racist, House Minority Leader Kevin McCarthy (R-Calif.) said "No."
"I believe this is about ideology," McCarthy told reporters. "It's about socialism versus freedom."
Harrington rebuked the anger coming from the Democrats, denouncing them as "socialists" who trash the country.
"I think it's very inappropriate to categorize the President's tweets as racist, it has nothing to do with that, it has everything to do with what we want our country to be, and we want to keep it America," she added.
Only a handful of Republican members of Congress have condemned Trump for his tweets, which came as the 2020 election approaches and the president appears to be increasingly willing to push boundaries in an effort to mobilize his loyal base.
The RNC spokesperson was quick to pounce on the ideological differences between Trump and the 2020 Democratic front-runners, saying this is a great time for "contrast."
"It's a perfect opportunity to show the contrast because we've seen over the past two and a half years, the president has delivered for this economy, we've restored freedom and prosperity." Harrington claimed.
"It is the entire democratic 2020 field calling for open borders, calling for socialized medicine, calling to get rid of the electoral college, pack the Supreme Court, very radical ideas that are antithetical to our founding," Harrington added. "So we're gonna keep showing that contrast."
Rebecca Walser, President of Walser Wealth Management, joins Cheddar News' Closing Bell, where she discusses the factors behind Monday's surge on Wall Street and explains why investors will likely experience volatility in the market throughout the month of December.
Cheddar's Chloe Aiello joined "Closing Bell" to break down the progress of the SAFE Banking Act in Congress as cannabis businesses operators struggle to find financial institutions that will service them. Banks face steep federal penalties, including the risk of losing a bank charter, if found to be servicing marijuana businesses even if their state has legalized operations. Aiello reported that while there was some bipartisan support for the measure in the Senate, the bill faces some opposition from conservatives with "longstanding concerns" about cannabis and progressives who prefer a more comprehensive approach to reform.
Head of Instagram Adam Mosseri is slated to testify this week in front of the Senate Commerce Subcommittee after a Wall Street Journal report that found the Meta-owned social media platform is negatively impacting the mental wellness of teen girls.
Chinese regulators are reportedly behind China-based ride-hailing company DiDi exiting from the New York Stock Exchange, just days after listing earlier this year. The regulators stated prior that DiDi had not received the necessary clearances to list in the states. Gordon Chang, Asian affairs expert, joined Cheddar to break down what the delisting says about the relationship between nations. "This really strikes me as an attempt to really to force a decoupling of China and the U.S. in the financial markets," Chang said.
U.S. Futures were pointing to a higher open to round out the week despite a miss on the November Jobs Report, which showed slower job growth than expected-- and as the omicron variant continues to spread across the country. Patrick Healey, Founder & President at Caliber Financial Partners joined Cheddar's Opening Bell to discuss.
Just days after the detection of the Omicron variant, the World Health Organization has agreed to start the process of establishing a global pandemic treaty or accord. Amy Maxmen, senior reporter for Nature, and Dr. Samuel Scarpino, managing director for the Rockefeller Foundation's Pandemic Prevention Institute, joined Cheddar to discuss this effort and what lessons can be learned from the many COVID-19 failures as the world prepares for future pandemics.
It's a mixed bag for the November jobs report. Hiring slowed last month as employers only added 210,000 jobs, massively missing the estimate of 550,000. But there was one bright spot: the unemployment rate fell to 4.2%, with the number of unemployed people dropping to 6.9 million. Both of those numbers are considerably down from their highs at the end of the 2020 recession. Heather Boushey, a member of President Biden's Council of Economic Advisers, joined Cheddar to discuss the report and the state of the country's ongoing economic recovery.
