Adam Davidson, co-founder of NPR’s Prison Planet, suggested that “I don’t think it’s in any business’s interests other than maybe shotgun manufacturers to vote for” Donald Trump.
Tuesday on MSNBC’s “Morning Joe,” Davidson said regarding the potential general election between Hillary Clinton and Trump, Wall Street is “freaking out, they don’t know what to do,” but they would ultimately side with Clinton.
Panelist Mark Halperin asked Davidson, “If it looks like Trump is going to win, what do you think markets will do?”
Davidson, also a columnist for the New York Times Magazine, replied, “There’s two major problems. There’s a huge uncertainty tax so just the basic math you do, you just got to throw in ‘I got no idea’ [into the] calculations. I don’t know what he is going to do.”
“Second the long tail, the likelihood of extreme terrible events, trade wars, wars is much, much higher,” Davidson claimed. “This is what economists call a dead weight loss. This is not a case where some sectors win, some sectors lose, this means the whole economy, US [and] worldwide is just worse for a while.”
Halperin followed up, “You think the whole financial world will be voting for and rooting for Hillary Clinton if it’s Trump versus Clinton?”
Davidson replied, “I mean Wall Street is closed minded and thinking largely in terms of regulation. I think largely they would rather trust the devil they know in Hillary Clinton than the person they have no idea. I think they’re freaking out, they don’t know what to do, but I don’t think it’s in any business’s interests other than maybe shotgun manufacturers to vote for Trump.”
Host Joe Scarborough commented, “Oh my goodness. There is a statement.”