Minutes after President-Elect Donald Trump concluded his victory speech that ended on Wednesday around 3:00 a.m. Eastern, the cast of characters immediately demanded that Trump seek to “rectify” the tumbling stock market that could lead to an “economic collapse” similar to what Barack Obama inherited when he was inaugurated in 2009.
Meet the Press moderator Chuck Todd initially seemed even-keeled earlier in the evening when he admitted the media ignored “rural America,” but he wasn’t in this instance as he warned that Americans will be “wak[ing] up...to a Brexit-like reaction in the stock market” that’ll “rattle a lot” of them.
“[H]e's now quickly got to address sort of this panicked reaction that there is out there in the financial markets and so that's what a president has to do. He's now president-elect, he needs to stabilize this economy quickly before that whole thing collapses,” instructed Todd.
Today co-host Savannah Guthrie quickly jumped in to provide an anecdote of receiving text messages from acquaintances lamenting their retirement funds evaporating and ruling that “we’ll see if that settles down.”
Of course, an NBC post attacking any Republican wouldn’t be complete without Andrea Mitchell (and spouse of former Fed chairman Alan Greenspan), who bemoaned that the “global markets that have been collapsing overnight” and immediately passing down a decree that “Donald Trump has to rectify that.”
“He could be facing the kind of economic collapse that Barack Obama inherited when he took office. He's got to face this and come up with a plan that is completely different from his economic plan, the $5 trillion debt hole that has — that all independent observers have said is his economic plan. He has got to reassure markets very, very quickly,” Mitchell commanded.
The relevant portions of the transcript from NBC’s Election Night in America on November 9 can be found below.
NBC’s Election Night in America
November 9, 2016
3:06 a.m. Eastern
CHUCK TODD: We're going to wake up in the morning to a Brexit-like reaction in the stock market. That's going to rattle a lot of Americans, so President-elect Trump, that was, I agree, I think he rose to the occasion tonight and did what you do for your supporters. Secretary Clinton did the right thing and what she needed to do, but he's now quickly got to address sort of this panicked reaction that there is out there in the financial markets and so that's what a president has to do. He's now president-elect, he needs to stabilize this economy quickly before that whole thing collapses.
SAVANNAH GUTHRIE: I had more than one person text me tonight say, well, there goes my retirement again. When you see Dow futures down multiple hundreds of points, so we'll see if that settles down as we talked about earlier. Wall Street hadn't exactly priced this into the market. We'll see what the long-term effect is.
(....)
3:07 a.m. Eastern
ANDREA MITCHELL: And it crumbles very quickly, really. When we saw the tightening very early on in several key areas, but that was early data, very little raw vote, but those early indicators were alarm bells certainly and then when I was told by a very reliable Democrat in Michigan, this is really making us nervous, we're not seeing that vote turnout in Detroit and Flint, that was pretty early and everybody was saying, this couldn't be happening. Look, Chuck just alluded to the markets. It's global markets that have been collapsing overnight and the fact is that Donald Trump has to rectify that. He could be facing the kind of economic collapse that Barack Obama inherited when he took office. He's got to face this and come up with a plan that is completely different from his economic plan, the $5 trillion debt hole that has — that all independent observers have said is his economic plan. He has got to reassure markets very, very quickly.
