Donald Trump claims America is 'open for business' despite stock market plunge

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The White House downplayed the stock market's tumultuous day, with press secretary Sarah Huckabee Sanders saying in a statement: "The president's focus is on our long-term economic fundamentals, which remain exceptionally strong, with strengthening USA economic growth, historically low unemployment and increasing wages for American workers".

As the President touted his economic agenda in OH on Monday, his face stared out of millions of television screens next to blaring red graphics and yellow numbers whirling like the reels on a slot machine, telling the story of a full-bore stock market plunge. "Un-American. Somebody said, 'Treasonous.' I mean, Yeah, I guess, why not", the President said. But ironically, markets don't like wage hikes, because that also makes interest rates go up.

After US stocks plummeted on Monday, the White House sought to play down concerns, saying President Donald Trump was focused on "exceptionally strong" underlying fundamentals in the economy.

One White House aide told CNN that it was "jarring" to witness the simultaneous coverage of Trump's speech and a nosediving market. You might have heard about them from President Trump.

President Trump has frequently remarked about the massive gains that the market has made since he has been in office.

The New York Times reported Trump bragged, boasted, and took credit for the skyrocketing stock market 25 times in January alone.

"Markets go up, and markets go down" was always Robert Rubin's anodyne mantra when he was President Bill Clinton's treasury secretary and asked to comment on stock market fluctuations.

The S&P 500 rose 34 percent from Trump's election to its recent high.

His reaction highlighted the risks for politicians who take credit for soaring stocks: the fall.

In Illinois, reality is catching up with Trump, and Republicans, in a less amusing way.

President Trump ignored questions as he walked into the White House from Marine One Monday evening.

But considering Trump's personal political liabilities, and his decision not to reach out to many voters outside his Republican base, GOP hopes in November are still even more closely tied to the economy than in any other year.

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