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‘We’re Really Seeing The Trump Effect In Action’: Jerry Nadler Lays Into The President's Policies
Forbes Breaking News
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5/1/2025
During Wednesday’s House Judiciary Committee hearing, Rep. Jerry Nadler (D-NY) spoke about President Trump's first 100 days back in office.
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00:00
Mr. Chairman, Donald Trump was narrowly voted into office on the strength of a number of
00:10
promises. He told us, quote, starting on day one, we will end inflation and make America
00:16
affordable again to bring down the prices of all goods. He said of the war in Ukraine,
00:20
quote, they're dying, Russians and Ukrainians. I want them to stop dying and I'll have that done.
00:26
I'll have that done in 24 hours. He even said, quote, I will get it settled before I even become
00:32
president. And shortly before his inauguration, he bragged that the stock market had surged because
00:37
of his election. He called it, quote, the Trump effect. Well, here we are a hundred days later
00:42
and we're really seeing the Trump effect in action. The stock market has plunged because of
00:48
of his chaotic and catastrophic tariffs. The middle class is struggling to stay afloat as prices remain
00:54
high and war still rages in Ukraine. With the economy teetering on the brink of collapse,
01:00
our international alliance is fraying and wars tearing apart, tearing nations apart across the
01:06
globe. This country is facing serious challenges that require serious solutions. So what the House
01:12
Republicans think our country most needs right now? Big surprise. Tax cuts for billionaires. It is
01:18
their tried and true answer for everything. Although their plan would add trillions of dollars in debt,
01:24
which would put to rest once and for all the fiction that they actually care about the deficit,
01:29
their plan also cuts one and a half trillion dollars in vital programs that Americans rely on.
01:35
They want to gut Medicaid, which would deprive seniors, children, people with disabilities and
01:39
working families of needed health care services. They want to cut student loan programs and they want
01:45
to slash SNAP and other nutrition assistance programs for the most vulnerable among us. These cuts would be
01:51
on top of the near dismantling of the government currently being carried out by Elon Musk and his
01:57
merry band of teenage hackers. While Doge is busy tearing apart government agencies, firing workers
02:03
in mass, slashing the basic medical and other basic research that provides the foundation of our future
02:10
economic prosperity and slashing services for the American people, the world's richest man stands to reap billions of
02:17
dollars in government contracts and massive tax cuts from a grateful Republican Congress.
02:23
That tells you everything you need to know about the priorities of our Republican colleagues.
02:28
The Judiciary Committee's contribution to this boondoggle for billionaires includes a
02:33
hodgepodge of items that have been on the Republican wish list for years, such as a slate of anti-regulatory bills
02:43
and other measures that are little more than giveaways to big business at the expense of individuals,
02:48
families, small businesses and states. But the lion's share of this proposal would devote tens of
02:53
billions of dollars to promoting the Trump administration's cruel, inhumane and lawless immigration
03:00
policies. In just a hundred days, the administration has shredded fundamental notions of due process,
03:05
attempted to rewrite the 14th Amendment and defied courts that are holding the administration to
03:11
account. It is a breathtaking assault on the Constitution, and the Republican Congress has
03:16
done nothing but cheer them on from the sidelines. But now they want to get in on the action,
03:21
helping the White House to turbocharge its extreme anti-immigrant agenda. Instead of spending $45
03:28
billion on warehousing immigrants in detention facilities, as this bill would do, we could be
03:33
shoring up Medicaid student loans and SNAP. Instead of enabling the administration's illegal and
03:39
unconstitutional mass deportation scheme, we could be holding hearings on why U.S. citizens as young
03:44
as two years old are being deported with no meaningful due process, or why a four-year-old citizen
03:49
with stage four metastatic cancer was deported without medication or the ability to contact
03:54
their doctor. Instead of spending tens of billions of dollars on a reckless, chaotic and unconstitutional
04:00
immigration enforcement regime, we could be working to restore more than $800 million in grants
04:05
that the administration recently cut from the Department of Justice. These are funds to provide
04:11
assistance to victims of domestic violence, trafficking, and violent crime, to support efforts
04:16
to reduce recidivism, and to provide support for local police departments and correctional facilities,
04:21
among other grants. But here we are instead, providing massive funds to help the Trump administration
04:28
continue to separate families, decimate our economy, and strike fear in our communities. I urge my
04:34
colleagues to oppose this dangerous legislation.
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