Stephen Colbert Mocks Fox News’ Ridiculous Trump Stock Excuse
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Stephen Colbert couldn’t resist tearing into Fox News’ wild excuse for Trump’s stock plunge, and honestly, who could?
With all the grace of a comedian armed with sarcasm, Colbert roasted the outlandish spin, delivering a hilarious takedown of their attempt to explain it away.
In true Colbert fashion, he turned this “explanation” into pure comedy gold. This is what he had to say.
Stephen Colbert Calls Out Trump and the GDP Shrinkage
Stephen Colbert kicked off his Monday monologue by highlighting the downturn in President Trump’s economy, noting a significant drop in the Dow Jones and a disappointing GDP growth projection. He pointed out that, according to the Atlanta Fed, the current quarter’s growth was a shocking negative 2.8 percent.
Colbert highlighted that the GDP is shrinking at its fastest pace since the pandemic lockdown, adding that this downturn is particularly notable. He humorously remarked, “In the first Trump term, it took a disease to destroy the economy. This time, he is the disease.”
He Didn’t Stop With That!
While Colbert has criticized Trump’s handling of the economy in recent weeks, he shifted his focus to Fox Business Network’s Charlie Gasparino, mocking his attempt to spin the economic crisis.
In a clip Colbert showed, Charlie Gasparino argued that nobody would care if the Dow dropped to 35,000 because the economy avoided a recession and was being reoriented to the private sector. He added that Trump’s plan would “unleash the animal spirit.” Colbert mocked this, joking, “That’s not the advice you get from your financial guy. That’s what the shaman says as he’s pouring the ayahuasca down your throat.”
Wall Street & Trump
The term “animal spirit,” commonly used by Wall Street experts since 1936 to describe how herd mentality influences market trends, didn’t convince Colbert in Trump’s favor. He found it an unconvincing argument.
Colbert pointed out that Trump’s unpredictable tariff decisions are frustrating Wall Street, quoting a TIME magazine article that said investors are “exhausted” by his behavior. He humorously added, “Do you know how hard it is to exhaust Wall Street? They wake up every morning to a hot cup of cocaine, and then, just to take the edge off, more cocaine.”
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