On Monday’s Premiere Radio Networks’ The Sean Hannity Show, Hannity blamed Barack Obama for the most recent, and spectacular, stock market crash in almost a decade. It plunged almost 1,600 points, the largest decline in one day since 2011. This is in stark contrast to last month when Hannity was singing Trump’s praises over the Dow’s great numbers. (Trump promises they were the best numbers.)
Hannity tweeted this less than three weeks ago:
GREAT AGAIN: Dow SOARS 31% Under TRUMP, Best Year Since GREAT DEPRESSION
— Sean Hannity (@seanhannity) January 19, 2018
How forgetful of him. Hannity’s logic is mystifying. How can it be Trump’s doing one month, but Obama’s the next? Hannity explains in part:
Because the Obama economy was so weak all of these years we had just artificially cheap money. Now what’s cheap money? Cheap money is when you can borrow at ridiculously low rates. The era of cheap money at some point has to come to an end. The government has artificially, the Fed has artificially kept the price of money down and the price borrowing down and now that’s going to come to an end… In many ways it’s a sign of the strength of the economy more than anything else.
I am no financial expert, but that is complete horseshit. How can the man say that we have all this “cheap money” and a strong economy in the same breath? His reasoning is the kind that Fox News viewers like to spew into reasonable people’s faces and leave us wondering how our realities can be so different.
Others speculated on Hannity’s idiocy, but Thomas summed it up rather efficiently:
The pattern is that Hannity believes Obama should be blamed for all negative things in this country – and he will take literally any path to arrive at that conclusion. We wonder how he falls asleep at night after such long days of kissing Trump’s substantial ass.
Listen to the idiocy below: