Eric Trump Gets A Blunt Lesson In Economics Over Stock Market Boast
Eric Trump once again conflated the economy with the stock market, angering people on Twitter.
President Donald Trump’s son on Wednesday boasted about the soaring Dow Jones index, claiming “the radical left is melting down as we speak knowing that our economy is roaring back to life!!”
The Dow is on 🔥🔥🔥
You know the radical left is melting down as we speak knowing that our economy is roaring back to life! !#USAUSAUSA pic.twitter.com/YoVwPrQRh3— Eric Trump (@EricTrump) September 2, 2020
Twitter users pointed out ― as they have done to Eric Trump on previous occasions ― that the stock market is not the economy and that a rising index does not necessarily help the millions of people who have become unemployed because of the coronavirus pandemic.
The unemployment, do you really think Americans care about the DOW? They care feeding their families and having a roof over their heads. pic.twitter.com/62fBJMfasR
— Joe Reyes (@king_jefe63) September 2, 2020
PSA: the stock market is not the economy.
— Bryan 🇺🇸 #PoliceThePolice (@swimmerbr78) September 2, 2020
A tale of two headlines. pic.twitter.com/hdICWjHGne
— Michael Drake (@mikedrake178) September 2, 2020
Tone deaf tweet as usual. The stock market is doing well?! What does that tell you—that the wealthy have been able to scoop up cheap stocks. Over 57 million people have filed for unemployment since March. Over a million people filed last week. Only your pants are on 🔥 🔥 🔥
— carrie ochs toledo (@scraptordelight) September 2, 2020
Once again, Eric, please take an economics course or at least get the basics. The stock market is only one part of measuring the economy. Note our horrible unemployment rate and ballooning deficit just to name a few.
— Viking Mike (@kennemca) September 2, 2020
Oh, look, the graph of rich people's feelings is trending upwards as poor people face pandemic death, mass unemployment, and evictions. Seems about right.
— 'Radical' Russ 🌹 Trump is Evil & RBG is Old (@RadicalRuss) September 2, 2020
The stock market reflects the wealth of people in the market. Most working class people judge wealth by the amount of food in the grocery cart.
— @Racism_Is_Stupid (@RacismIzStupid) September 2, 2020
The Dow is not a good measure of the economy as a whole; that would be the GDP. So, try again and take an Econ class.
— Mitten Momma (@TheMittenMom2) September 2, 2020
Wow Eric .... I really thought you were smarter than this!
The Stock Market is not the Economy.
We have millions of Americans that are looking at being evicted for being behind in rent.
Food Banks have lines that stretch for miles to try and get food to feed their families.— Diana Mac (@pofok53) September 2, 2020
People who don't have enough money for food and rent will be thrilled to know the DOW is doing so well.
— The Canada Party (@theCanadaParty) September 2, 2020
THE STOCK MARKET IS NOT THE ECONOMY!!
THE STOCK MARKET IS NOT THE ECONOMY!!
THE STOCK MARKET IS NOT THE ECONOMY!!
THE STOCK MARKET IS NOT THE ECONOMY!!
LOVE MEEEE DADDY!! LOVE MEEEE!!— I'm Just Dan (@DanielAshley13) September 2, 2020
Who's going to tell little Eric that the stock market is not the economy?
Who's going to tell little Eric that the stock market is up because the Fed is pumping in $Trillions to prop it up for November?— William. Ignoring GOP fear tactics. (@VMacCog) September 2, 2020
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This article originally appeared on HuffPost and has been updated.
