Fox News host Laura Ingraham urged her viewers to “ignore” the potential recession and general market mayhem, saying President Donald Trump “is good for business.”
Ever the optimist, or committed Trump loyalist, the host played a clip Wednesday on her show, The Ingraham Angle, showing the president talking about better days to come.
“Financially, we’ll be stronger than ever before,” he promises. “I think the markets are gonna soar when they see what’s happening, and I want to tell you this, tremendous optimism out there about our country in terms of regulations being cut, in terms of taxes being cut.”
“President Trump is fighting 24/7 for America,” Ingraham said, with a graphic in the background stating “TIME TO TRANSITION (AND IT’S GOOD NEWS).”
“Isn’t it great to have an optimistic president who has a real plan to make life better for Wall Street and Main Street?” she added.
She then urged viewers to “ignore the regime press” and some of their reports.
“Just ignore the ‘sky is falling’ reports in the regime press. Tune out the breathless reporting about market gyrations because even the most dedicated globalists, they know Trump is good for business,” Ingraham said.
The “sky is falling” reports she refers to is most likely earnest news coverage of Trump’s own words on Ingraham’s own network. Speaking to Maria Bartiromo on Fox News’ Sunday Morning Futures over the weekend, the president was asked: “Are you expecting a recession this year?”
Trump refused to offer a straight answer.
“I hate to predict things like that,” he replied. “There is a period of transition, because what we’re doing is very big.”
Predictably, the stock market took a huge nosedive Monday after he did not rule out a recession. Trump’s threats of more tariffs on Canada on Tuesday did little to quell the turbulence, with the markets closing after all three major indexes dropping. “Markets are going to go up and they’re going to go down but, you know what, we have to rebuild our country,” he told reporters at the White House.
The stock market was uneven Wednesday, with the Dow Jones down 80 points and the S&P 500 climbing 0.5 percent. The Nasdaq increased 1.2 percent.
Wall Street pessimism has continued, however, with the unresolved tariff tit-for-tat between Canada, Mexico, and the United States hanging like a cloud over investors.
But Goldman Sachs CEO David Solomon, apparently, isn’t too worried. Ingraham wheeled him out on her show and he too praised Trump’s “optimism” and his engagement “with the business community.”
“So what we are living through now is a transition, and this one is good for us,” Ingraham continued. “For decades, ours has been an economy driven by government stimulus. A lot of printing and borrowing of money, government spending, government giveaways, and Trump knows our survival though requires a return to an economy by private sector productivity, the way it used to be.”
Ingraham concluded: “That’s why the playing field in global trade has got to be leveled.”
