Mike Pence brags about the stock market after it takes a major dive.
While Donald Trump runs from Monday’s record 1175-point stock market plunge, Mike Pence is cluelessly bragging about the “fundamentals” of an imperiled economy.
Monday was a very bad day for Trump, who suffered the indignity of giving a speech on his economy while cable networks showed the stock market crashing nearly 1,200 points in split-screen. That drop followed a 666-point slide on Friday, for a two-day loss of 1,841 points, and 7 percent of the market’s value.
Trump has since refused to answer any questions about the steep drop, but Pence couldn’t avoid them as he spoke to reporters in Alaska on Monday.
A reporter pointed out that Trump “frequently touts the success of the stock market as a sign of his own administrations success,” and asked what the steep drop “says, if anything, about the Trump administration?”
“We couldnt be more proud of the fact that the stock market has increased by thousands of points since Election Day 2016,” Pence answered. “Todays sell-off represents what is, very likely, simply the ebb and flow of our stock markets, and we recognize that.”
He then parroted the same talking point that devastated John McCain’s presidential bid as the 2008 economic crisis unfolded.
“The most important numbers to focus on are the fundamentals,” Pence said, “And the fundamentals of this economy continue to be very strong.”
Pence also touted job growth that has, in fact, slowed under Trump, reaching a six-year low in December.
and wage growth that has the world laughing at Paul Ryan for lauding a $1.50-a-week pay increase.
But Pence was light on policy specifics, citing the tax cut scam that preceded this crash, and, for some reason, oil drilling in the pristine Alaskan wilderness.
Trump inherited an economy from President Barack Obama that was near full employment and has been riding a years-long streak of stock market gains that buoyed Trump’s first year in office. If investors are panicked, Trump’s silence and Pence’s repetition of a cursed talking point aren’t likely to calm them.