Skip to comments.Jay Carney Claims Obama Never Boasted About Stock Market...Then Backtracks
Posted on 02/05/2018 3:28:32 PM PST by Kaslin
With the stock market nearing correction territory Monday, former Obama White House Press Secretary Jay Carney suggested on Twitter that President Trump should have learned something from his predecessor and be careful not to tout optimistic looking stocks. It is just too risky.
The Dow Jones plunged almost 1,600 points and essentially erased its gains for the year. It was the worst loss in six and a half years.
The Obama administration, Carney claimed on Twitter, was careful to never boast about the stock market as Trump has often done.
Good time to recall that in the previous administration, we NEVER boasted about the stock market -- even though the Dow more than doubled on Obama's watch -- because we knew two things: 1) the stock market is not the economy; and 2) if you claim the rise, you own the fall.— Jay Carney (@JayCarney) February 5, 2018
Except he did. A social media user screen shotted a relevant excerpt from a transcript of an interview Obama did with ABC's David Muir in 2011, where the president was happy to talk about the increased value of stocks under his watch. The transcript can be found on his archived White House website.
pic.twitter.com/3Y9wcOjCzS— Stephen Miller (@redsteeze) February 5, 2018
Perhaps being made well aware of his mistake, Carney began to backtrack. Okay, Obama did tout the stock market sometimes, but not every week.
While @BarackObama and others would on occasion mention the stock market’s revival as part of a broad observation about America’s recovery from the Great Recession - esp during the 2012 re-elect - we didn’t boast about daily or weekly spikes, for the aforementioned reasons.— Jay Carney (@JayCarney) February 5, 2018
He got called out again, and had to cover his tracks again.
Per my last tweet, should have said “only after multiple years of market, jobs and GDP growth” - and not as a boast in year one on daily spikes. Just politically unwise. By the time of this citation, Obama had been president 5+ years and Dow had doubled. https://t.co/q2mJUoejiU— Jay Carney (@JayCarney) February 5, 2018
Still, Monday's news was alarming for investors. White House Principal Deputy Press Secretary Raj Shah tried to subdue fears, noting that "markets do fluctuate in the short term," but the economy was still heading in the right direction.
Is that Dougy Houser?
Yet, another lying lib!
Ummm--A little perspective. We're not quite five weeks into 2018.
This is the guy who thought it was kewl to have USSR posters in his house. Yet I don’t see any investigations of “Russian influence.”
OK, the Democrat got it wrong. But any Republicans who boasted about the stock market were foolish to boast about a bubble that had to burst sooner or later. Better to keep pounding the Democrats for everything they are continuing to do to keep it low.
In December my Edward Jones financial advisor told me he thought a 6% to 8% correction was due around March 2018, he was off by a month.
How many weeks was there anything to boast about during 0bungle’s 8 years?
Is that Robert Reich under the carnival barker’s arm?
I think he’s inhaling the fragrant effluvia that is 4wafting in his direction! LOL!
Pretty fancy kitchen for a Bolshevik. Unless it’s the communal kitchen for the entire commune...but I doubt it! :-(
As I recall the character Dougy Houser was smart and intelligent. Jay Carney not so.
There’s big bucks in being an apparatchik. And the Democrat Party thinks that’s how it should be, while the rest of us languish under their regulations and taxes.
Yes. “Rules, Regulations, and Taxes for THEE,
But NIT for ME!”
The Dem/Lib/Marxist Credo.
Dougy Houser’s buttboy, that is.
Why is any sane person paying attention to this dimwitted lying son of a bitch? He was worst than Ernest and that takes some doing.
He’s even worse than the Butt Sisters - Hanf and “Blondie” (I’ve forgotten her name since she’s such a lying SOS that I can only take so much of her at a time, about 2 seconds).
The late Tony Snow had 100 times the integrity of Ernst, Carney, Hanf and Blondie combined, along with Adm. Kirby and a few other “spokesmen and women” of the Obama regime and propaganda mill.
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