That's Trillion with a 'T': Stocks Down $7,600,000,000,000 in Market Value Since Biden Took Office

Nick Kangadis | September 26, 2022
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When I was a kid, if someone said a number in the trillions, we would’ve thought you were making up numbers. Today, we can say with all certainty that President Joe Biden’s regime has cost this country literal trillions in market value since they took the White House.

During Monday morning’s edition of “America’s Newsroom” on Fox News, co-host Julie Banderas noted a very troubling statistic that should worry every single taxpaying American — and even those who don’t pay taxes.

"The markets are set to open after an absolutely brutal week on Wall Street,” Banderas said. “Stocks now down $7.6 trillion since President Biden took office.”

Even fellow co-host Bill Hemmer had a grim opening on the other side of a commercial break.

Related: Analysis: Household Expenses Are Up $961 a Month Since 2020

“So the markets are now open whether you like it or not,” Hemmer said. “Brutal close on Friday, bad week all around. The Dow [Jones Industrial Average] hit its lowest level since November of 2020.”

The U.S. National Debt is closing in on $31 trillion dollars. For those playing the home game, that’s a 31 with 12 zeros following it. To break it down slightly further, the “Debt Per Taxpayer” currently resides at over $245,000.

Here’s the clip of the segment, with more context and added commentary and expertise by King’s College Business professor Brian Brenberg:


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