President Trump attacked the news media Tuesday morning in a series of tweets accusing mainstream news outlets of ignoring record gains in the stock market.
In three tweets, Trump quoted Fox Business’s Stuart Varney’s remarks about American corporations making record profits, and blasted other news networks for not covering the story.
“Stock Market could hit all-time high (again) 22,000 today. Was 18,000 only 6 months ago on Election Day. Mainstream media seldom mentions!” Trump tweeted.
“‘Corporations have NEVER made as much money as they are making now,’ Trump added, quoting Varney. “Thank you Stuart Varney @foxandfriends Jobs are starting to roar,watch!”
“Only the Fake News Media and Trump enemies want me to stop using Social Media (110 million people),” he continued. “Only way for me to get the truth out!”
Trump and other members of his administration have frequently played up gains in the stock market during Trump’s first year in office. In June, Commerce Secretary Wilbur Ross said that the Trump administration was responsible for $4 trillion in gains since November 2016.
{mosads}”We’re lowering taxes, we’re cutting regulations, we’re stimulating the workforce, helping to develop the workforce of the future, unleashing our energy resources and redoing our trade agreements,” Ross said in June.
“That’s the whole package that President Trump was elected on, and it’s the whole package that’s driven the stock market to $4 trillion of gains since the election.”
Trump tweeted similar messages when the Dow Jones industrial average hit a record high during trading in the early days of July.
“Dow hit a new intraday all-time high! I wonder whether or not the Fake News Media will so report?” Trump wrote in one tweet.
“Really great numbers on jobs & the economy! Things are starting to kick in now, and we have just begun! Don’t like steel & aluminum dumping!” he added in another tweet.
— Updated at 10 a.m.