What happened to the stock market under Joe Biden?
The stock market has been in turmoil ever since Joe Biden’s economic policies started kicking in late last year. The prices had surged to record highs under President Trump, and even during COVID had maintained a significantly positive presence.
Did Biden say ‘Roosevelt got on the television when the stock market crashes’?
During a 2008 interview, then-vice presidential candidate Joe Biden said "Franklin D. Roosevelt got on the television" when the stock market crashed in 1929.
Did Biden brag about stock market hitting ‘record after record after record’?
On Monday afternoon, Fox News correspondent Peter Doocy confronted Jean-Pierre with that quote, saying, “President Biden once bragged about the stock market hitting ‘record after record after record on my watch.’ How about now?” “All the gains from President Biden’s time in office have been wiped out,” Doocy added.
Is Joe Biden buck-passing on inflation?
That kind of buck-passing by Biden has become a predominant theme of his administration. Meanwhile, with inflation fears worsening everything, Biden once again chose to mislead people. Joe Biden: "There's nobody suggesting there's unchecked inflation is on the way.
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Strategist: Fed needs to protect economy, not the stock market
New York (CNN Business) President Joe Biden's honeymoon with the stock market is over.
Americans are more exposed to market turmoil today
It's true that the fortunes of the rich are more closely tied to the stock market than the middle class, whose wealth is linked more to home values, which are way up during Covid.
Markets have been 'quite complacent'
The good news is that stocks haven't yet fallen sharply enough to alarm economists.
Why the Fed isn't freaking out
Fed officials, gathering for this week's regularly scheduled policy meeting, are likely not freaking out about the market turmoil. At least not yet.
Who said the stock market crash in 1929?
In June 2021, an old quote supposedly spoken by U.S. President Joe Biden about how President Franklin D. Roosevelt “got on television” to talk about the stock market crash in 1929 was recirculated on social media:
What did Biden talk about?
Biden was talking about how it was important for leaders to be clear, direct, and honest with their constituents when he garbled a few historical facts. Roosevelt, for example, was not president during the stock market crash in 1929. (That was Herbert Hoover, because Roosevelt took office in 1933.)
Is it capitalism's fault that the stock market is tumbling?
It is not capitalism’s fault that the stock market is tumbling. Rather, it’s the fault of an incompetent, overbearing government that may or may not arbitrarily decide to crush the economy again. That kind of buck-passing by Biden has become a predominant theme of his administration.
Does Biden have a coherent message?
Of course, Biden’s lack of a coherent message also eschews the fact that the vaccine and natural immunity protect against the Delta variant when talking about symptoms and the risk of serious illness and death.
