Not even Sean Hannity could hide the signs that Trump is mentally not all there as the President didn’t know what the national debt is, and thinks the stock market is an asset to pay off the debt.
Trump appeared not to know how the debt works.
He told Sean Hannity, “Now, if you look at the stock market, that’s one element, but then we have many other elements. The country — we took it over, it owed $20 trillion, as you know, the last eight years they borrowed more than it did in the whole history of our country, so they borrowed more than $10 trillion — and yet, we picked up $5.2 trillion in the stock market, possibly picked up the whole things in terms of the first nine months in terms of value. So, you could say in one sense we are really increasing values, and maybe in a sense we are reducing debt.”
CNBC pointed out that the stock market and the national debt have nothing to do with each other, “For evidence that the two metrics have little to no bearing on one another, look no further than the eight years of the Obama presidency: Between 2009 and 2017, the S&P 500 returned 235 percent while the national debt soared.”
It is not surprising that a person who has spent his adult life declaring bankruptcy would have no idea how debt works. In Trump’s fractured mind, the stock market is part of a big pile of money that is used to pay the national debt. He is looking at the country like it is a balance sheet for his company. The stock market has nothing to do with the debt.
The debt is money that the federal government has already spent. The stock market is private investment.
The White House has already been limiting Trump’s interviews to friendly outlets like Sean Hannity and Fox News. It might be time to rethink that policy, as Trump can’t even be trusted to face Hannity softballs without displaying both his ignorance and his inability to think.
There is something wrong with Donald Trump, and not even Fox News can hide it any longer.
Mr. Easley is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association