Massachusetts Democratic Rep. Joe Kennedy III admitted the stock market and other parts of the economy are booming under President Donald Trump, Wednesday on MSNBC’s “Morning Joe.”
“The bottom line is we have set stock market records and that’s true,” Kennedy said.
After admitting the stock markets are soaring to record highs, Kennedy pivoted and said the surge wouldn’t benefit average Americans.
“Fifty percent of Americans don’t own a single stock and 80 percent of all stocks are controlled by about 10 percent of American families,” Kennedy continued. “So when we sit there and look at the stock market and try to use that as a barometer of economic success, undoubtedly we all love a strong stock market. But as I said last night, there’s more to it than that.”
The Massachusetts Democrat also said other parts of the economy are thriving under the Trump administration, but attempted to credit former President Barack Obama’s for the financial recovery.
“What we have to do is recognize that there are parts of our economy, there’s parts of our country, that are doing really well as there were under an Obama administration,” Kennedy said. “There’s parts that are still struggling to try to find their footing.”
He also addressed the glaring lip gloss on his face that distracted from the content of his rebuttal speech Tuesday night, after panelist Steve Rattner congratulated him on a good speech.
“If only the lip gloss was as successful, it would have been a great night,” Kennedy concluded.
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