ABC Blames Trump Tax Cuts for Dow Plunging Twice in One Week

Nicholas Fondacaro | February 8, 2018
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***To read the full blog, please check out the complete post on NewsBusters***

The Dow Jones Industrial Average dropped by over 1,000 points when it finally closed on Thursday and the folks at ABC News were eager to place the blame on someone during World News Tonight. That someone, of course, was President Trump and the much welcomed GOP tax cuts, which were responsible for generous bonuses and wage increases across the country.

Tonight, some economists also say the President's tax cuts could actually be adding to all of this, by stimulating an already improving economy,” claimed ABC reporter Linzie Janis. “And the question, who pays for those cuts later on?

Their questions over who was going to pay for it weren’t a sentiment shared during their report on the absolutely massive spending bill sitting before the Senate and ahead of another possible government shutdown. The only thing they seemed to care about was why a deal on DACA and for the Dreamers wasn’t included in the proposal.

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