This Wednesday, President Trump touted gains in the stock market, suggesting that his administration was “in a sense reducing debt.” Also, he added that he is proud of the $5.2 trillion increase in the stock market, during his interview on Fox News. He continued explaining that 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, as The Hill reported.
“The country — we took it over and owed over 20 trillion. As you know the last eight years, they borrowed more than it did in the whole history of our country. So they borrowed more than $10 trillion, right? And yet, we picked up 5.2 trillion just in the stock market,” Trump added during the interview.
“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.” He also expressed how happy he is with what is happening on Wall Street.
The president continued the interview saying that minorities want police protection more than anybody. “They need it more than anybody. What’s going on is crazy. And you look at some of these inner cities where it’s just out of control.”
Trump suggested that stock market gains would lead to a reduction in the country’s national debt. In addition, he vowed that if Congress passes tax cuts he is proposing. the stock market and employment would “grow by leaps and bounds”
“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,” Trump said in a series of tweets.