The Dow Jones Industrial Average dropped this morning a day after President Trump announced sweeping reciprocal tariffs. The market is currently down about three percent with several hours still to go before the close. What happens next remains to be seen, but what was predictable were the reactions from the media and Democrats.
Former Meet the Press moderator Chuck Todd decided it was a good time to be snarky in the name of "journalism":
A lot of folks being “liberated” from their retirement savings.
— Chuck Todd (@chucktodd) April 3, 2025
Others, like Chris Cillizza and lib author Stephen King are treating a three percent drop like it's the great crash of 1929:
"Dow craters 800 points, S&P 500 heads for worst drop in 2 years after Trump’s tariff rollout" pic.twitter.com/euO6HNWhPv
— Chris Cillizza (@ChrisCillizza) April 3, 2025
Enjoying the ruin of your 401Ks, Trump voters? Because Trump is like honeybadger: he don’t give a shit.
— Stephen King (@StephenKing) April 3, 2025
Back when Joe Biden was in the White House in 2022 the market went down in a similar fashion but I don't recall any "RIP to your 401K" takes from the media or libs when this happened:
The Dow Jones Industrial Average sank more than 1,000 points Friday after the head of the Federal Reserve dashed Wall Street’s hopes that it may soon ease up on high interest rates in its effort to tame inflation.
The S&P 500 lost 3.4 percent, its biggest drop since mid-June, after Jerome Powell said the Fed will likely need to keep interest rates high enough to slow the economy “for some time” in order to beat back the high inflation sweeping the country.
The Dow dropped 3 percent and the Nasdaq composite ended 3.9 percent lower, reflecting a broad sell-off led by technology stocks. Higher rates help corral inflation, but they also hurt asset prices.
The Dow is currently down about 2.8 percent and who knows what'll happen later, but during the Biden years there was a day it dropped roughly the same percentage largely because of inflation fears and how many "journalists" like Chuck Todd posted any "there goes your retirement savings" mockery?
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As usual the media bias can often be found in what they don't say instead of what they do say.
