Fox News has spent much of the day trying to raise doom and recession fears, following a market correction that saw sharp losses on stock exchanges worldwide. But Robert Wolf, a Democratic commentator on the network, shut down the panic during a conversation with analyst Tomi Lahren.
The fact is, he noted, even with the market correction, the economy is far stronger than it was under the Trump administration.
"GDP is higher, jobs is higher, the stock market's up huge under [President Joe] Biden," Wolf said. "This idea of what you guys are talking about, there is more 2000 day losses under Trump than 500 day losses under Biden. We should get the facts right on where the economy is."
Trump himself, meanwhile, has been engaged in his own apocalyptic rhetoric over the economy, with posts to Truth Social earlier in the day.
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"STOCK MARKETS ARE CRASHING, JOBS NUMBERS ARE TERRIBLE, WE ARE HEADING TO WORLD WAR lll, AND WE HAVE TWO OF THE MOST INCOMPETENT 'LEADERS' IN HISTORY," wrote Trump, before U.S. markets had even opened. "THIS IS NOT GOOD!!!"
The drop in markets, which came after a net-positive but still weaker-than-expected jobs report that had just over 100,000 added to payrolls but also more workers entering the labor force, has led some economists to start criticizing the Federal Reserve over their decision to hold interest rates high for so long, even as inflation figures have returned to normal.
Watch the video below or at the link here.
Democrat delivers brutal fact-check on Fox News www.youtube.com
