Representative Swalwell satirized President Trump’s economic policies on X, highlighting a recent 4.5% Dow Jones drop since February 4th, visually linking the decline to Trump’s actions. This downturn follows broader market losses, wiping out post-election gains and totaling a $3.4 trillion market value decrease. Conversely, Treasury Secretary Bessent downplayed these concerns, emphasizing a focus on Main Street economic growth. The contrasting perspectives underscore the ongoing debate surrounding the impact of current economic policies.
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President Trump’s newly imposed tariffs on Mexico, Canada, and China triggered a significant two-day drop of 1300 points in the Dow Jones Industrial Average. Retaliatory tariffs from Canada and China, along with warnings of higher consumer prices from retailers, exacerbated market declines affecting various sectors including automakers, banks, and retail. The S&P 500 erased post-election gains, and the Nasdaq briefly entered correction territory. Despite Trump’s assertions that the economic pain will be worthwhile, global markets anxiously await the full impact of this escalating trade war.
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I can’t help but chuckle at the irony of the situation. For years, during Trump’s presidency, Fox News and Trump himself would boast about how great the economy was based on the performance of the stock market. The Dow Jones hitting record highs was seen as a sign of economic prosperity and success under Trump’s leadership. But now, under President Biden, the same Fox News that championed the stock market as the ultimate indicator of a strong economy is singing a different tune.
American stock indexes have soared to record highs, with the Dow Jones closing above 40,000. This achievement goes against the narrative that Fox News and Trump pushed, claiming that such highs were impossible under Biden’s administration.… Continue reading
John Q. Hosedrinker 
Matt Underwood