President Bragged About Stock Market Increases 25 Times Last Month
The White House is trying to distance President Trump from what many news outlets on Monday called a “bloodbath” in the stock markets, after the DOW saw the largest single-day point drop in history. Between Friday’s and Monday’s declines the DOW lost over 1800 points, and is rocking back and forth today into positive and negative territories by double and low triple digits.
“Obviously the president did tout the stock market, but I would hardly say he focused on it,” White House deputy press secretary Hogan Gidley, who once served on Rick Santorum’s 2012 presidential campaign, told Fox Business News on Tuesday.
He was adamant on giving Trump credit for the market increases but refused to blame Trump for the steep declines.
“No question the president was involved and responsible for the increase in the stock market, but also the overall economy,” Gidley said.
Gidley also claimed that while four major news networks “went wall to wall” covering the huge market drops on Monday, they never covered the steep increases over the past year.
“Where were they when it was going up?” Gidley asked. “They didn’t say a word about that.”
It is extraordinarily false to say the news networks have not covered the market increases.
“They’re trying to discredit this president and his economic prowess and what he’s been able to do,” Gidley complained.
The New York Times reported Trump bragged, boasted, and took credit for the skyrocketing stock market 25 times in January alone.
The Washington Post put together this mashup of Trump bragging:
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Hat tip: The Hill