From [MediaMatters] Fox Business host Stuart Varney celebrated the first six months of the Trump administration by ridiculously claiming that the election and inauguration of President Donald Trump are responsible for adding trillions of dollars to the economy and lifting wages for low-income workers around the country. Varney’s claims are the latest in a long-running right-wing media fantasy that the Republican Party’s economic agenda will unleash the American economy, which conveniently ignores more than six years of steady economic progress under the Obama administration.
On July 20, Trump celebrated the six-month anniversary of his inauguration as president of the United States. By any objective measure, Trump’s presidency has already been one of the strangest and most chaotic in living memory. The Trump administration is consumed by scandals of its own making, and, according to a Washington Post report published on Trump’s six-month anniversary, the president is beginning to ask his political and legal advisers “about his power to pardon aides, family members and even himself.”
Despite these facts, the team at Fox News and Fox Business attempted to find a silver lining for the Trump presidency by falsely crediting his administration for the continued overall health of the American economy. In a July 20 op-ed published by FoxNews.com and a corresponding segment on Varney & Co., host Stuart Varney credited Trump with “add[ing] $4.1 trillion to the nation’s wealth” thanks to a post-election stock market rally. Varney also preposterously claimed that “during [Trump’s] presidency,” long-established American tech giants “Apple, Amazon, Alphabet, Microsoft and Facebook” have “emerged as global technology leaders.” Varney’s ridiculous claims were promoted by the network’s social media accounts and parroted again from the Trump-friendly confines of Fox & Friends during a segment in which Varney also credited Trump for wage growth witnessed by low-income workers. From the July 21 segment: