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Listen to Sean Hannity Blame Obama for the Stock Market Bloodbath

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‘The Obama Economy Was So Weak All of These Years’ Hannity Says (No, It Wasn’t)

Sean Hannity, possibly more than any other pundit, is responsible for putting Trump in the White House, and he advises Trump on a regular, if not daily basis, and advised him on the Nunes memo.

“In the span of a year, Steve Doocy, Brian Kilmeade, Tucker Carlson, and Sean Hannity have become, unexpectedly, some of the most powerful people on the planet,” Vanity Fair noted Friday.

Not only does Hannity advise Trump, he protects him – after all, the Fox News host has invested a lot in this president.

On Friday, the DOW dropped over 665 points. On Monday, it was, as multiple news outlets reported, a “bloodbath,” free-falling by almost 1600 point before rebounding – if you can call it that – to a drop of 1178 points, erasing all the gains from the beginning of the year. 

It’s not over. The DOW is expected to open Tuesday morning down at least 600 points.

Now remember, as The New York Times notes, Trump in January alone took credit for the skyrocketing stock market at least 25 times. On Monday, Trump was MIA.

On his radio show Monday, Sean Hannity was in full spin mode. His number one goal: protect Trump.

Naturally, the easiest way to do this is to place the blame on someone else. And who is the “easiest” person to blame?

Barack Obama.

And so he did, as Media Matters reported.

Hannity started by telling his listeners “it’s very counter-intuitive what’s happening now.”

Because the Obama economy was so weak all of these years we had just artificially cheap money,” Hannity, clearly not comfortable with explaining financial news, told his listeners (video above). He’s also dead wrong.

“Now what’s cheap money? Cheap money is when you can borrow at ridiculously low rates. The era of cheap money at some point has to come to an end. The government has artificially, the Fed has artificially kept the price of money down and the price borrowing down and now that’s going to come to an end. In many ways it represents; Ashley Webster is the name? In many ways it’s a sign of the strength of the economy more than anything else.”

Hannity, who apparently doesn’t know the first thing about economics, should have explained that the fed kept rates down to help the economy grow while controlling for inflation. 

He went on to claim that Obama never had a single year of GDP growth above 3%, then switches the metric by talking about quarterly growth. Obama had eight quarters of GDP growth at or above 3%, and as high as 5.2%. Hannity neglects to tell his audience that. 

Hannity also repeatedly talked about how strong the economy is – without crediting Obama for that.

It’s not the first time Hannity has blamed Obama for stock market drops. 

Hannity called the economic downturn in 2008 the ‘Obama recession,’ which occurred before Obama had even taken office,” Media Matters also notes. Remember, the worldwide financial crisis began in September 2008, months before Obama won the White House.

Image by Gage Skidmore via Flickr and a CC license

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'PRETTY TERRIFYING'

‘Bleakest Scenario’: Advisor to 4 Presidents Warns ‘All Hell Breaks Lose’ After 2024 Election

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One of the most experienced former White House staffers in America warned of the unraveling of America during a Saturday appearance on CNN.

David Gergen served as director of speechwriting for President Richard Nixon, communications director for Presidents Gerald Ford and Ronald Reagan, and counselor to the president under Bill Clinton.

CNN’s Pamela Brown said, “as someone who has advised so many presidents, who cares so much about American democracy, how concerned are you about the future U.S. elections with this backdrop of the ‘Big Lie’?”

“I’m very concerned,” Gergen replied.

“I think that we’re in more, we’re in potentially more danger than we were six months ago, a year ago. Listen, the bleakest scenario is that all the efforts that are being made now between Democrats and Republicans on where we’re going to go on the economy and pandemic, you know, that all these talks may collapse and we in government may be seen as dysfunctional,” he explained.

“The Republicans then use this in 2022 to take back the House and set themselves up for 2024. Trump could go on as crazy as he is now, he gets crazier as it goes along. You can see all this coming together at an outcome in 2024,” he continued.

“If Trump were to be re-elected, all hell is going to break loose in this country. On the other hand, if his supporters think it’s been stolen from him after 2024, all hell could break loose on that side, too. So I think we’re in pretty treacherous territory right now,” Gergen warned.

“Those are not very good options you just laid out there, David Gergen,” Brown said. “Pretty terrifying.”

 

 

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RIGHT WING EXTREMISM

Steve Schmidt Warns on GOP Authoritarian Threat: ‘Democracy Cannot Survive’ When ‘The Lie and the Truth Stand Equally’

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Steve Schmidt, Lincoln Project co-founder and Republican strategist-turned-Democrat, expressed concern about the latest authoritarian attack leveled on the United States’ democracy as he urged Americans to push back against their threats.

Speaking to MSNBC’s Rachel Maddow, Schmidt laid out the main issue with former President Donald Trump’s “Big Lie.”

“The front of that fight is a space where the lie is confronted with the truth. That is the battleground. And it plays out in 1 million ways,” Schmidt said. “But a democracy cannot survive in a world where the lie and the truth stand equally. The system that we have is based on a compact that requires faith in belief and trust. It’s how we share power with people that we disagree with. We acknowledge that we live in a complex world where people have different perspectives.”

He continued, “And we have to accommodate those views. In the 21st century, I believe that there was a consensus that has unraveled in start really short period of time, that you can trace all the way back to the beginning of the country, in the name of political power — also, the same people claiming that they’re doing it in the name of freedom are seeing that that preservation of freedom means maintaining our power. Not necessarily abiding the results of the election. And when you get into that territory, you’re in a scary space.”

 

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News

Marjorie Taylor Green’s Chief of Staff Quits — Hours After Her Very Public Meltdown on the Capitol Steps

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Rep. Marjorie Taylor Greene (R-GA) lost her most senior staffer on Friday after she made a scene on the steps of the U.S. Capitol.

NBC News reported Greene “instigated a shouting match with a group of House Democrats who were holding an event outside the U.S. Capitol on Friday.”

Greene screamed that Democrats support “murder” for supporting abortion rights.

Following the incident, Greene announced that her chief of staff had “advised” her that he would no longer be working in her office.

“I want to thank my Chief of Staff, Patrick Parsons, for helping me take the fight to the Socialist Democrats as I’ve transitioned into Congress. He’s advised me he will be moving back into the political arena to help elect America First conservatives who can fight alongside me,” she posted to Twitter.

 

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