Ironic, unhinged Progressive reaction to Dow Jones
Feb 6, 2018, 6:59 AM
(AP Photo/Richard Drew)
You’re supposed to celebrate when the stock market does well, not when it tanks in historic fashion unless you’re an ideological hack who wants to attack the sitting president you despise. Cue the unhinged media reaction to a horrible day in the markets.
Stock market not as bad as you think
There’s, of course, context to Monday’s loss — the economy is still strong, and still better than Obama’s average. This correction was due, in part, to “computer-programmed trading” according to CNBC. But still, it happened under President Donald Trump and that should be noted.
But, I’m not the only one noting it. NBC News broke into breaking special news coverage Monday afternoon to report on the news, though I don’t seem to recall this level of attention during the positive records broken.
Media is giving 1,000X more coverage to the stock market's recent plunge than they did its meteoric climb over the last year.
— Ryan Saavedra 🇺🇸 (@RealSaavedra) February 5, 2018
Insane folks on Twitter — including many media members — are pointing out that “this is Trump’s economy.” For the last year when the market was killing it, Progressives claimed President Barack Obama was singularly responsible, not Trump. He just inherited a great economy. But, suddenly, this happens to be Trump’s doing and he must take responsibility. These same lunatics will be silent when the market builds back up.
Prior to today the largest one-day drop in the Dow Jones average had been 777 points.
Today the Dow PLUNGED a staggering 1,177 points.
Congrats Mr. Trump on YOUR economy!
I bet you won't be tweeting about it!
— Brian Krassenstein🐬 (@krassenstein) February 5, 2018
The left, try as they might, can’t have it both ways. It’s either happening under Trump and it’s his doing or it’s not. And if they’re so willing to blame Trump for one day’s worth of market corrections, then they should be willing to credit him when things get hotter again while acknowledging a fact: even with Monday’s dismal performance, it’s still doing well.