Posted on 04/24/2019 12:03:32 PM PDT by SeekAndFind
Stuart Varney, host of “Varney & Co.” on Fox Business, said Wednesday the new Wall Street record high can be attributed to the “Trump growth agenda,” which he said “has been wildly successful.”
Varney made the statements on “Fox & Friends” the morning after the S&P 500 hit an all-time high, recovering from last year's dramatic plunge.
“We’re in earnings season. That's the time when the big corporations tell us how much money did you make. That's what they are telling us right now,” said Varney, a Fox News business contributor on “Fox & Friends.”
“The expectation was the profits would go down. Instead, we got profits going up very nicely. I challenge you. Go and look at your 401(k). Look at your IRA. I guarantee you will smile because since President Trump was elected in November of 2016, the value of all stocks has gone up by $9.4 trillion.”
He added, “Middle America has got a piece of that, your 401(k), your pension plan, you got a piece of that. And it's gone up like that because of the Trump growth agenda. It has been wildly successful. The economy is expanding. The market’s at record highs.”
Varney predicted the economy will continue to do well “if profits continue to go to record levels.”
Last month, the White House touted economic numbers that some well-known economists once predicted would never happen under President Trump.
The conflicting predictions came early in 2017, when Trump and his official budget proposal forecast more than 3 percent annual economic growth under his presidency.
According to the Bureau of Economic Analysis, the economy grew at a 3.1 percent rate from the fourth quarter of 2017 to the fourth quarter of 2018, one measure of annual growth. That marked the first time in 13 years
(Excerpt) Read more at foxnews.com ...
This is a good time to get into the market.
The economy is getting traction.
President Trump
I’d better check my TD Ameritrade account and see if I’m rich yet..
So nice to see someone in the media actually giving Trump kudos.
Just need to keep it rolling for a while longer, perhaps 6 more years. Hard to vote against a man putting $$$$ in your pocket.
Plenty of people in this country apparently have no problem with doing that.
Like they have any stocks...
i'm less that a buck from climbing out of the hole that enema nozzle fed chairman dug us last year... just think where we'd be now if not for him?
saw this. fantastic segment.
imagine FakeNewsMSM reporting it! nah.
imagine if President Trump had not been successful in turning around the economy? then FakeNewsMSM would be reporting it.
100%
I’d better check my TD Ameritrade account and see if I’m rich yet..
You must have loved Jimmy Carter.
In absolutely no way!
I was trying to be sarcastic but yesterday was a long day and maybe I was off my game.
My fault. I’m coffee-galloping off in all directions at once this morning. Have a good ‘un.
Nobody’s perfekt.
What a horrible looking movie. LOL
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