Neglect the liberal media’s scrambling to throw cold water on President Donald Trump’s State of the Union Address. CNBC host of Mad Cash Jim Cramer gave excessive reward for Trump’s economic system, a serious focus of the president’s speech Tuesday.
CNBC reported Feb. 5 that Cramer noticed “why the inventory market was headed for a better open within the first buying and selling session since President Donald Trump’s State of the Union deal with.” Throughout a Feb. 5 segment of Squawk on the Road, Cramer acknowledged that the president made a “robust case that there’s some huge cash out there.”
Cramer additionally conceded a key level: “Like him or hate him although, the president’s nice for the inventory market. However earlier presidents haven’t cared concerning the inventory market as a result of they don’t assume it’s that large.” [Emphasis added.] He continued: “However I’m listening to him [Trump], and I’m pondering, you understand what? I perceive why individuals are shopping for shares.” [Emphasis added.]
Cramer gave his cause for why individuals are deciding to purchase shares: “As a result of employment’s good, and employment has at all times correlated with financial improvement and with higher numbers. [Emphasis added.]
“For our functions right here, there may be super wealth being created,” acknowledged Cramer, “and what it’s doing is making individuals, I feel, not eager to promote shares!” [Emphasis added.]
Liberal outlet Bloomberg News tweeted Nov. 17, 2019, that “The inventory market appears to love Donald Trump greater than any president for the reason that 1950s,” and proceeded to position the president in fourth place behind former presidents Franklin Delano Roosevelt, Harry Truman and Dwight Eisenhower.
The Wall Street Journal reported Jan. 1 in a bit headlined “The Bull Market is Charging into 2020,” that stocks across the globe “closed out one among their finest years over the previous decade, defying cash managers who started 2019 anticipating the bull market to be upended by threats from the U.S.-China commerce struggle and a slowdown in progress” [emphasis added].
Maybe these statements from Cramer are a sign to the remainder of the liberal media that the rising American economic system warrants extra than 0.8 percent news coverage.