After blaming President Trump for the stock market’s 1,175-point plunge on Monday, liberals scurried to their safe spaces when the Dow Jones Industrial Average roared back 567 points higher the following day.
While liberals celebrated the temporary stock market crash (even if it meant they lost money), financial experts called the one-day drop a fleeting blip, and said alarmists should settle down.
“We think this is an interruption [of the bull market] rather than the start of a bear market,” Craig Callahan, founder of ICON Advisers, told CNBC. “We didn’t see any of the typical conditions you get for a top.”
Similarly, Merrill Lynch alum Mark Kolakowski called the massive sell-off a long-overdue correction, and not necessarily the start of a bear market. “A correction in which stock prices temporarily retreat by 10% or more is both long overdue in the present bull market and a common, recurring event in the typical bull market,” Kolakowski wrote at Investopedia.
By Tuesday (February 6), the stock market had recovered much of its losses. What was startling was not just the dramatic one-day stock market drop, but the mainstream media and liberals’ gleeful celebration of a market crash if it meant they could gloat at President Trump. Talk about cutting off your nose to spite your face.
Over the past year, the media refused to give Trump any credit when the stock market posted more than 70 record-high closes since he took office. That bull run is unprecedented and will likely stand in the history books for a long time, if not forever.
But the media cheerfully jawed nonstop about Monday’s market crash so they could blame it on Trump. Apparently, when the market is strong, Barack Obama deserves the credit, but when it tanks, it’s Trump’s fault. Liberal logic.
https://twitter.com/thedonaldreddit/status/961078450386817025
One Twitter user recounted this sad tale of acute Trump Derangement Syndrome: “Yesterday, one of my Democrat friends celebrated the 1000+ point fall of the Dow Jones. When you start actively routing against your country because you hate the president you are no longer a liberal. You are a deranged leftist.”
https://twitter.com/MikeSAdams/status/960872334281314304
Others noted that Trump haters like MSNBC’s Mika Brzezinski laughed like a hyena while crowing about the Dow Jones plunge.
https://twitter.com/T_W_Haines/status/960859777462026240
Still others pointed out the media hypocrisy.
https://twitter.com/WiredSources/status/960948292371861505
https://twitter.com/mike_Zollo/status/960998381857509377
Donald Trump Jr. summed up Trump Derangement Syndrome perfectly when he tweeted: “It’s sad that the left today would rather see America suffer and fail than to see it succeed with @realDonaldTrump at the helm.”
It's sad that the left today would rather see America suffer and fail than to see it succeed with @realDonaldTrump at the helm. #maga
— Donald Trump Jr. (@DonaldJTrumpJr) May 12, 2017
Meanwhile, there’s no denying that Trump economy is robust, and certainly much improved over Obama’s feeble one. The numbers don’t lie.
The third-quarter gross domestic product growth under Trump just topped 3.3 percent.
In contrast, GDP growth under Obama’s presidency averaged an anemic 1.2 percent. Obama is the only U.S. president not to see a single year with at least 3 percent GDP growth since the Great Depression of 1929.
Black and Hispanic unemployment are at all-time record lows under Trump. Meanwhile, Obama doubled the U.S. national debt because all those entitlement programs and “sanctuary cities” don’t pay for themselves (taxpayers bankroll them). Chew on that.
California city will hand out $6,000 a year to residents as part of liberal welfare experiment
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Samantha Chang is a senior staff writer for BizPac Review. She is a financial editor and lawyer based in New York City.
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