Dallek: Violence makes Americans feel more unsettled

CNBC TelevisionAbout 2 min readJun 16, 2025Watch original
THE SUMMARYAI-generated

Key Concepts

  • Political violence and its impact on the economy
  • Economic instability factors: tariffs, trade wars, international conflicts, inflation
  • President Trump's response to violence: condemnation vs. past actions
  • Dehumanizing rhetoric and its role in escalating violence
  • Comparison to Bill Clinton's response to the Oklahoma City bombing
  • The importance of sustained unity and national healing

Impact of Political Violence on the Economy

  • It's difficult to quantify the exact economic impact of violence.
  • Political violence exacerbates existing economic instability, including tariffs, trade wars (e.g., Iran-Israel conflict), and inflation.
  • The cumulative effect creates a sense of chaos and unsettles Americans, potentially impacting economic confidence.
  • Immigration raids contribute to the sense of unease.
  • The violence is economically detrimental, in addition to its inherent horror.

President Trump's Response and Past Actions

  • President Trump condemned the violence in Minnesota, which is a positive step.
  • He has been a victim of violence himself (two assassination attempts).
  • However, he is also seen as an "accelerant" due to his rhetoric.
  • His rhetoric often dehumanizes people, referring to them as "vermin" and "scum."
  • He has stated that the greatest enemy to the United States is within (fellow Americans).
  • Trump pardoned January 6th rioters, including those who assaulted police officers, which is seen as condoning violence against law enforcement.

Comparison to Bill Clinton's Response

  • After the Oklahoma City bombing, Bill Clinton went to Oklahoma (a deep red state with a Republican governor).
  • Clinton delivered a speech that had a positive effect on the country.
  • The 1990s, under Clinton's leadership, was a period of robust economic growth.

The Need for Sustained Unity and National Healing

  • Leaders can take actions to promote unity and healing.
  • These efforts must be sustained over time and reflected in both words and deeds.
  • The speaker expresses pessimism about the likelihood of sustained unity or serious national healing, given the current track record.

Conclusion

The speaker argues that political violence, combined with existing economic challenges, creates a climate of instability and unease. While President Trump's condemnation of violence is a positive sign, his past rhetoric and actions raise concerns about his commitment to sustained unity and national healing. The speaker contrasts this with Bill Clinton's response to the Oklahoma City bombing, highlighting the importance of leadership in promoting unity and fostering economic growth. The main takeaway is that consistent and genuine efforts are needed to address the root causes of division and violence in order to restore confidence and stability.

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