Financial Journalists Eviscerate Claims that Trump Is Responsible for Stock Market, Jobs Growth
This is just fun, because — like many of you — I get annoyed with claims by Trump and Trump Republicans that the economy was in the tank before the election, and that the new heights on the stock market and the jobs growth in the first six months of this year is all thanks to the Almighty Trump.
First of all, the economy wasn’t in the tank. The economy has been on steady upward trajectory since March 2009, and that trajectory has continued since Trump was elected. What did Trump actually do to continue that trajectory? Did he pass tax reform? Or fix health care? Or single handedly create millions of jobs?
No. Those are the result of policies put into place by President Obama. We have yet to really feel the effects of Trump’s policies, in large part because he hasn’t enacted any policies save for rolling back a lot of regulatory rules that were put into place to prevent another catastrophe like we had in 2008.
Anyway, it just feels nice to see financial journalists — in this case, Ali Velshi and Stephanie Ruhle — confront a stuttering Trump surrogate with that fact.
And while we’re here, here’s a short explainer from Stephanie Ruhle elucidating the very real differences between George Washington and Robert E. Lee.
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