{"id":44077,"date":"2020-02-14T12:58:18","date_gmt":"2020-02-14T20:58:18","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=44077"},"modified":"2020-02-14T14:11:00","modified_gmt":"2020-02-14T22:11:00","slug":"huh-fox-news-audience-wildly-applauds-this-sickness-wall-street-loves-donald-trump","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=44077","title":{"rendered":"SO WHAT? ‘Wall Street Loves Donald Trump’ Says Trump-Fluffing Fox News Flunky"},"content":{"rendered":"

Perhaps the most frequently cited argument Donald Trump leans on to convince people he should be reelected is the performance of the stock market and the economy during his presidency. He is anxious for the America people to examine those factors when deciding who to vote for in November. And they really should. Because if they actually do he’ll be in big trouble.<\/p>\n

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Contrary to Trump’s relentless assertions that the economy is booming, there were significant weaknesses that are present and getting worse. The manufacturing sector is currently in recession<\/a><\/strong>. Consumer spending and industrial output are declining<\/a><\/strong>. The GDP grew at a measly 2.3% in 2019, far below Trump’s promised 6%<\/a><\/strong>. Wage growth is down, and the only upside was due to the increases in the minimum wage implemented in Democratic states, and opposed by Trump and the GOP.<\/p>\n

So based on that record of abject failure, Fox News is getting behind Trump’s cheerleading and rooting for the bad guys on the economic playing field: Wall Street. The stock market has never been an accurate indicator of economic health. It merely represents what institutional investors think about the valuation of equities, which fluctuate independent of the broader economy. The economy, on the other hand, is comprised of many other factors such as consumption, employment, wages, trade, and inflation.<\/p>\n

Most Americans do not own stocks, either individually or in retirement plans, such as the 401Ks, that Trump is always bragging – falsely – are making everyone rich. He did this again<\/a><\/strong> just this week. But on Friday’s episode of Fox & Friends on Fox News, the “Curvy Couch”<\/em> potatoes invited Fox Business host Charles Payne to rail on Democrats, saying that “There’s no clear, good candidate on the Democratic side.”<\/em> He then went on to malign them all for not garnering support from Wall Street, as if that’s a bad thing:<\/p>\n

“If you listen to the policies and here on Wall Street, you don’t really want to put a lot of money into any of these candidates. They’re telling you they’re gonna attack your wealth. Wall Street loves Donald Trump.”<\/strong><\/p><\/blockquote>\n

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Fox Business host Charles Payne: "Wall Street loves Donald Trump. … The market wants President Trump in office." pic.twitter.com\/2IxxhLUxOs<\/a><\/p>\n

— Bobby Lewis (@revrrlewis) February 14, 2020<\/a><\/p><\/blockquote>\n