Rising

Strong economy keeps Trump from being just 'rude, weird guy on Twitter,' says Intercept editor

Without strong economic growth and low unemployment to boast about, President Trump would just become a "rude, weird guy on Twitter," according to The Intercept's White House Bureau chief Ryan Grim.

"The only thing he had to talk about his first year was 'look at the Dow, look at the Dow, look at the Dow;' he doesn't talk about the Dow much anymore, he will occasionally talk about unemployment," Grim told Hill.TV's Krystal Ball on "Rising."

"But if he doesn't have that either, then he's just this rude, weird guy on Twitter who's also overseeing a poor economy at which point [it's] awfully difficult for him to get re-elected," he continued.

But Grim thinks that if Democrats are able to continue their momentum from the midterm elections in key states that Trump won in 2016, like Wisconsin and Pennsylvania, they'll be able to take back the White House in the next presidential election.

"If that organization and that energy stays at the level that it was, then they should be able to drag whatever candidate makes it in the primary across the finish line," he told Hill.TV.

The stock market has been volatile and suffered record losses earlier this week.

The Dow Jones on Monday had its worst Christmas Eve on record. The Dow dropped more than 640 points on Monday, while the S&P 500 slipped into a bear market.

The stock market has grown sluggish in recent months due to a number of factors, including Trump's ongoing trade wars with China and the European Union and fears among investors of an economic slowdown in 2019.

In an attempt to calm market jitters, Treasury Secretary Steven Mnuchin met with heads of six major banks over the weekend and issued a statement, saying that all banks confirmed "ample liquidity for lending to consumer and business markets."

This announcement appeared to make market volatility worse even as Trump renewed attacks on the Federal Reserve.

Trump on Monday said the Fed was the U.S. economy's "only problem," and on Tuesday, he accused the Fed once again of raising interest rates too quickly.

"They're raising interest rates too fast because they think the economy is so good," he told reporters at the White House on Christmas Day.

-Tess Bonn