Because the inventory market tumbles, Fox Information correspondent Peter Doocy—of all individuals—confirmed some uncommon backbone and requested White Home press secretary Karoline Leavitt a troublesome however easy query in regards to the chaos of our economic system.
“So you said that the Dow [Jones Industrial Average] dropping and dropping and dropping is a period of transition,” he mentioned, including, “But is there any concern here that it’s going to be harder to ask certain federal workers to retire if they look at their retirement accounts and they’re getting rocked every day?”
Leavitt responded with a phrase salad, saying, “That’s exactly who President [Donald] Trump is looking out for.”
The inventory market continues to plummet as Trump’s erratic commerce wars and on-line ravings, coupled with Elon Musk’s dismantling of the federal government, contributes to an uncertainty that’s hurting American employees and additional destabilizing the economic system.
Regardless of these pink flags, Musk, Trump, and their minions need to persuade us that the upcoming catastrophe—one in all their very own making, thoughts you—will one way or the other end in a producing renaissance for American employees.
Musk promised it in October, writing that with Trump in energy, slicing away at obscure authorities waste and fraud would set off “an initial severe overreaction in the economy,” the place “Markets will tumble.”
Whereas Trump seemingly by no means talked about these tumbling markets publicly, he did point out it in his speech to the joint session of Congress final week, saying there would seemingly be a “little disturbance” felt by the American individuals.
To not be outdone, Treasury Secretary Scott Bessent described the financial scenario as “a detox period,” and Home Speaker Mike Johnson pooh-poohed point out of the phrase “recession.”
“We are in a transition period,” Johnson instructed reporters. “What the president is doing proper now’s attempting to transition us out of that financial catastrophe that he was left with. … There’s going to be a bit of rising pains to do this.”
Should you missed Doocy’s level—{that a} unhealthy economic system is unhealthy for many everybody besides the richest individuals on the earth—he filed this report for the propaganda machine at Fox Information:
