Article

2022-06-15 Economy

Biden 'really aware' of stock slide that erased all gains since Trump: White House

Aware? That’s what they’re calling it nowadays?

[NYPOST] President Joe Biden

...... 46th president of the U.S., who gives the term geriatric a bad name. He blames Afghans for losing Afghanistan.......
is "really aware" of the recent stock market decline, White House press secretary Karine Jean-Pierre said Monday when asked about the fact that the Dow Jones Industrial Average has lost all of its gains since Biden took office.

The Dow closed Monday at its lowest point since January 2021 as soaring inflation and rising interest rates spur fear of an economic recession.

Before the recent stock slide, Biden often touted the market doing well, though he usually made a point of saying that he didn’t regard it as the only important economic indicator.

For example, Biden said Jan. 7, "the stock market — the last guy’s measure of everything — is about 20% higher than it was when my predecessor was there. It has hit record after record after record on my watch, while making things more equitable for working-class people. At the same time, we’ve created jobs, reduced unemployment, raised wages."

On Monday afternoon, Fox News correspondent Peter Doocy confronted Jean-Pierre with that quote, saying, "President Biden once bragged about the stock market hitting ’record after record after record on my watch.’ How about now?"

"All the gains from President Biden’s time in office have been wiped out," Doocy added.

Posted by Fred 2022-06-15 00:00|| || Front Page|| [11127 views ] Top

#1 Credit idiot/woke CEOs also.

Posted by Black Charlie Slairt1430 2022-06-15 01:54|| 2022-06-15 01:54|| Front Page Top

#2 That’s a feature, not a bug...

Posted by Glenmore 2022-06-15 15:11|| 2022-06-15 15:11|| Front Page Top

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