4.5 • 34K Ratings
🗓️ 15 October 2024
⏱️ 45 minutes
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0:00.0 | Really happy to have you here tonight. Today the stock market closed above |
0:04.3 | 43,000 for the first time in history. That's the Dow Jones Industrial Average hitting |
0:11.5 | all-time highs. The S&P 500 hit its all-time high today as well. |
0:19.5 | And this isn't a flash on the pan. We just hit two years of this bull market. This year alone the |
0:25.5 | S&P 500 is up almost 23% in one year. |
0:32.4 | Inflation is where it was when Trump left office. Economic growth under the first three years of the Biden Harris administration, we now know, is higher than economic growth was under the first |
0:45.8 | three years of the Trump administration. The Trump people don't like you to |
0:49.2 | count the fourth year, they don't like you to count the economic catastrophe we all experienced |
0:55.0 | under Trump in his fourth year in office. They say, you know, the pandemic in his fourth year, |
1:00.1 | that it means it shouldn't count. You shouldn't count anything that happened under his watch then, |
1:04.4 | which is frankly pretty weak sauce. |
1:06.9 | But even, you know, okay, even if you take him on those weak terms |
1:11.8 | and you cut out the real lived economic catastrophe on his |
1:16.4 | watch during the pandemic you know other than that Mrs Lincoln how was the play |
1:20.3 | even if you cut out his fourth year because of COVID, we now know economic growth |
1:26.3 | under Biden and Harris is better in their first three years than it was under Trump, |
1:32.4 | in his first three years than it was under Trump in his first three years. Economic growth |
1:37.0 | is up. Wages are up. Retail sales are good. Interest rates are dropping. We are having record highs on Wall Street. |
1:48.0 | Biden and Harris, this administration, has produced the best job growth numbers of any presidential |
1:54.2 | administration in American history by a mile. Unemployment numbers are |
2:00.5 | profoundly low and in a sustained way. It's the best unemployment figures that we have seen in decades. |
2:08.0 | A few days ago, the New York Times summed it all up sort of begrudgingly with this quote the economy is robust. |
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