Economy Under Trump

[GMDino]

I'm not sure Trump understands anything let alone can take credit for anything.

http://crooksandliars.com/2017/10/trump-says-stock-market-bump-wiping-out

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Quote:Trump Says Stock Market Bump Is Wiping Out National Debt


I'm not going to try and explain this. I'm not going to try and translate it. I'll just leave it here and let you try and figure it out.

This was right at the top of Trump's strokefest interview with Sean Hannity tonight. I don't really know what to say other than...WTF. Also, this comes from a guy who proudly calls himself the "King of Debt." Just sayin'.

Quote:"The country -- we took it over and owed over 20 trillion. As you know, over 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. But I'm very honored by it."

That's not how it works. That's not how any of this works.

Update: Stephanie Ruhle tried to figure it out too, but now she's just trying to explain it. Or chastise him.

Quote:[url=https://twitter.com/SRuhle] Follow
Stephanie Ruhle 

@SRuhle
Dear @realDonaldTrump - this is ABSOLUTELY false. It makes no sense. https://twitter.com/joshtpm/status/918296242660302848 …
10:46 PM - Oct 11, 2017