White House Press Secretary Karine Jean-Pierre on Monday couldn’t defend Joe Biden’s abysmal economy.
The Dow Jones Industrial Average (DJI) surged 0.8% or 257.86 points to close at 31,188.38 on January 21, 2021, marking its all-time closing high on the first day following Joe Biden’s inauguration.
From December 2021 – January 2022 to today the Dow Jones has plummeted over 6,000 points.
On Monday the Dow plunged over 600 points at the start of trading.
Fox News reporter Peter Doocy asked White House Press Secretary Karine Jean-Pierre about Biden’s previous claims the stock market hit record after record on his watch.
“President Biden once bragged about the stock market hitting record after record after record on my watch. How about now?” Peter Doocy asked Jean-Pierre on Monday,
Karine Jean-Pierre replied, “Meaning the stock market -“
“All the gains from President Biden’s time in office have been wiped out,” Doocy said.
Karine Jean-Pierre echoed meaningless talking points: “We are watching closely and we know families are concerned about inflation and the stock market – that is something that the president is really aware of.”
She continued, “We’re not the only country dealing with what we are seeing at the moment as it relates to inflation you know, Putin’s price hike.. coming out of a global pandemic, all of those things play a factor.”
Doocy was referring to Biden’s remarks in January of this year: The stock market “has hit record after record after record on my watch.”
So Joe Biden takes credit for the stock market when it hits record highs, but as soon as the market tanks, it’s Vladimir Putin’s fault. Got it?