Economist: Stock Market Gained $2T in Wealth Since Trump Elected
Club For Growth founder Stephen Moore reacted to reporting that since President Trump was elected, the stock market gained $2 trillion in wealth.
— President Trump (@POTUS) January 25, 2017
"This could be the start of a big bull market rally," Moore said on Risk & Reward, noting the market today crossed 20,000 point threshold.
Elizabeth MacDonald recounted how former President Barack Obama told a crowd in 2016 that Trump would need a "magic wand" to bring lost jobs and manufacturing back to America.
Moore said that statement, compounded with Democrats' becoming "subservient" to billionaire Tom Steyer and his climate-change-advocate allies, have opened the door for union cooperation with the White House.
"We want jobs, not a radical climate change agenda," Moore said in characterizing union bosses' political mindset.
Earlier on Fox News Channel, Teamsters' president James P. Hoffa also reacted to the improving jobs outlook.
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