Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Market Up: Heil Trump! Market Down: Thanks Obama!
Posted
February 7, 2018
Views
161,094
Likes
3,444
Comments
687
Engagement
2.56%
February 7, 2018
161,094
3,444
687
2.56%
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Sean Hannity is a Trump-level bullsh*t artist. Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below.
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"President Barack Obama left office more than a year ago, but that didn’t stop Fox News host Sean Hannity from blaming him for the stock market slide.
On his Fox News radio show on Monday, Hannity said the market drop ― which at its worst saw the Dow industrials plunge by nearly 1,600 points and closing down 1,175 points for the day ― wasn’t the fault of President Donald Trump.
It’s his predecessor that’s to blame.
“Because the Obama economy was so weak all of these years, we had just artificially cheap money,” Hannity said, referring to a Fox News analysis he had seen on the cable network.
He explained that “cheap money” is from borrowing at “ridiculously low rates,” which he added must now end.
“The government has artificially, the Fed has artificially, kept the price of money down and the price of borrowing down, and now that’s going to come to an end.”
Then, he declared that the plunge ― which saw stocks erase all their 2018 gains ― is actually good.”*
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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