Home / USA News / Trump touts stock market gains, suggests he is ‘reducing debt’

Trump touts stock market gains, suggests he is ‘reducing debt’

This Wednesday, President Donald Trump touted the gains in the stock market, explaining how his administration was in a sense reducing debt. He also added that he was proud of the $5.2 trillion increase of the stock market, during his interview on Fox News, before going on to further explain how despite the country borrowing more money in the last 8 years than it did in its entire history, we still managed to pick up the $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 we’re very honored by it,” added Trump, before revealing how happy he is with what is currently happening on Wall Street.

The president also appeared to suggest that the gains of the stock market would lead to a reduction in the nation’s national debt. Earlier this Wednesday, Trump took a vow that the stock market as well as employment would skyrocket and “grow by leaps and bounds” if Congress passes the tax cuts he is proposing. He wrote so in a Twitter post, in which he also explained how, the unemployment would be the lowest in 16 years, saying,  “Stock Market has increased by 5.2 Trillion dollars since the election on November 8th, a 25% increase. Lowest unemployment in 16 years and if Congress gives us the massive tax cuts (and reform) I am asking for, those numbers will grow by leaps and bounds #MAGA.”

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It would be really nice if the Fake News Media would report the virtually unprecedented Stock Market growth since the election. Need tax cuts!

Posted by Donald J. Trump on Wednesday, October 11, 2017

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