Trump Makes Puzzling Claim That Stock Market Gains Have Reduced The Debt

Hannity was hired by the network in 1996 seven years after he made the remarks

Donald Trump appeared on Sean Hannity's Fox News Channel show tonight and took a victory lap in his battle with the NFL and players taking a knee during the national anthem. "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 are really increasing values, and maybe in a sense we are reducing debt".

While it's true that USA stock market indexes have risen markedly during Trump's time in office, the current gains are part of a bull market that began in the spring of 2009, when the country began to recover from the Great Recession and the collapse of the housing market. When investors get richer, it does not reduce the amount of money Congress and the federal government has already spent and owes. Stock prices are volatile - we can't count on the recent rally as a clear sign of improved expectations for growth.

The national debt, which he correctly states is $20 trillion, is the result of the government spending more than it takes in.

"They said - they lost the election - they sat in a room and they said, 'Wow, we look bad.'" Trump said.

Are these trainers grey and aqua or pink and white?
Is it grey and turquoise blue or pink and white? So. what colour is the shoe? Let us know over on Facebook and Twitter . But when I looked at the photo saw the turquoise color.

'Breaking Bad' Fans Keep Throwing Pizza on Walter White's House
The pizza-tossing had gotten so bad that the show's creator, Vince Gilligan , urged fans to knock it off more than two years ago. Residents and tourists have been trashing the Quintanas on an online forum since 2014. "Screw you lady", one user wrote.

TCS Q2 net profit down 2.1% to Rs 6446 crore
During the quarter, TCS saw its IT attrition rate come down by 0.3% sequentially to 11.3 per cent. The company has fixed October 26 as the record date for payment of dividend.

Trump and Hannity are set to discuss topics like tax cuts and immigration.

The White House did not immediately comment for this article.

What Trump is suggesting here is that because of the gains in the stock market - which have absolutely happened - the national debt is being reduced.

"Stock Market has increased by 5.2 Trillion dollars since the election on November 8th, a 25% increase". There were occasional quarters where GDP growth broke 3% during the Obama administration, even though the long-run pace of growth remained slow, and that is likely to also be true under Trump.

Related:

Comments

Latest news

Eminem releases an Anti-Trump Rap Cypher
Seth Meyers felt inspired by rapper Eminem's anti-Trump cypher during Tuesday night's BET Awards. Trump has previously dismissed accusations of racism .

This is what analysts have to say about United Parcel Service, Inc
The transportation company reported $1.58 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.46 by $0.12. Want to see what other hedge funds are holding UPS? The company was maintained on Wednesday, February 1 by Barclays Capital.

Q3 2017 Earnings Estimate for Netflix, Inc. (NFLX) Issued By Jefferies Group
The value of the investment in Netflix , Inc. decreased from $5,275,000 to $1,426,000 decreasing 73.0% for the reporting period. Ratings analysis reveals 100% of Priceline's analysts are positive. (NASDAQ:NFLX). 685,093 are held by Rhumbline Advisers.

NVIDIA Corporation (NVDA) CFO Colette Kress Sells 22808 Shares
TB Alternative Assets Ltd. bought a new position in NVIDIA Corporation during the 2nd quarter worth approximately $116,000. RB Capital Management LLC acquired a new position in shares of NVIDIA Corporation during the 2nd quarter worth $272,000.

Kyrie Irving touts Boston as 'real, live sports city'
Irving would go on to talk about the differences in culture and food and people - obvious facts. Coming from Cleveland, the Midwest, where the culture is different.

'We're not doing this' says Brison of employee discount tax edict
The update was prompted by the tax court ruling in 2011 that the CRA's old guidance for employers was inaccurate and had to be updated.

(CTSH) is down at $73.60 Cognizant Schedules Third Quarter 2017…
Americafirst Capital Management Llc increased Express Scripts Holding Co (ESRX) stake by 208.39% reported in 2017Q2 SEC filing. Acadian Asset Management Limited Company holds 0.02% of its portfolio in Rosetta Stone Inc (NYSE:RST) for 466,116 shares.

Oxford to ban polluting cars in 'world's first' zero emissions zone
It is hoped these improvements to infrastructure will support the introduction of the Zero Emission Zone. Tell us what you think in the comments area below!

Kapil Sharma Returns. He's Kicking Firangis Off The Big Screen
In the motion poster, we see Kapil dressed up as a soldier and can be seen kicking an army general, who is a Britisher. However, the motion poster of the movie is indicating that the movie will be based on the patriotic flavour.

Swiss Prosecutors Investigating PSG Chairman
Valcke was interviewed by the attorney general's representatives in Geneva on Thursday "as a suspect", the statement said. Swiss prosecutors have opened up criminal proceedings against Paris Saint-Germain chairman Nasser Al-Khelaifi .

Fastenal Company (NASDAQ:FAST) EPS Analysis
The collective rating of 2.1 for Fastenal Company (NASDAQ: FAST ) also leans strongly towards the neutral end of the spectrum. Keeping an eyeball on Moving Averages, the 50-day is 43.72; the 200-day is at 44.33, for Fastenal Company (FAST ).

Tata Teleservices to merge consumer mobile business with Bharti Airtel
The merger will be debt-free and cash-free, which implies that Airtel won't be adding any significant liabilities in the deal. Even 70-80 per cent of the Rs 9,000-10,000 crore deferred payments for spectrum that TTSL holds, will be paid by Tatas.

Smith & Nephew plc (SNN) Position Increased by Wells Fargo & Company MN
The firm has a market capitalization of $15.25 billion, a price-to-earnings ratio of 19.87 and a beta of 0.80. The Firm is engaged in developing, manufacturing, marketing and selling medical devices and services.

Inter Milan and Juventus eye summer move for Olivier Giroud
Arsenal brought in £52m striker Alexandre Lacazette , meaning Giroud has been demoted to the bench for most of the season. During his time at the club, he has won the FA Cup three times, and scored a century of goals in 237 appearances.

Arvind Kejriwal's blue Wagon R gets stolen outside Delhi Secretariat
The Wagon R was called the "AAP Mobile" as Kejriwal had used to sleep and camp in it during many protests. The vehicle was stolen from the Delhi secretariat - the seat of the state government that Kejriwal heads.

Other news