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Idiotic Trump Gaffe: Stock Market And National Debt

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  • 2 months ago
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Trump bigly wrong on the stock market and national debt. Cenk Uygur breaks it down on The Young Turks. Tell us what you think in the comment section below. Subscribe to our channel: https://goo.gl/a3JY9i

Read more here: https://www.nytimes.com/2017/10/12/us/politics/trump-stock-market-national-debt-fact-check.html

“President Trump suggested on Wednesday evening that a soaring stock market might be “in a sense” reducing the national debt, a statement that is not true, in any sense.

“The country — we took it over and owed over $20 trillion,” Mr. Trump told the Fox News personality Sean Hannity, following similar remarks he made earlier on Wednesday in a speech he delivered on tax issues in Pennsylvania. “As you know the last eight years, they borrowed more than it did in the whole history of our country. So they borrowed more than $10 trillion, right? And yet, we picked up $5.2 trillion just in the stock market. Possibly picked up the whole thing in terms of the first nine months, in terms of value.”

“So you could say, in one sense, we’re really increasing values. And maybe in a sense we’re reducing debt.”

The comments represented the latest in a long-shifting series of positions on debt issues for Mr. Trump as both president and candidate, which has included, at various points, proclaiming “I love debt” and also promising to pay off the entire national debt in eight years”*

Hosts: Cenk Uygur

Cast: Cenk Uygur

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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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