White House has no regrets about touting economy despite swings

White House press secretary Sarah Sanders said Tuesday the White House is "very comfortable with where we are right n...

Posted: Feb 7, 2018 7:22 AM
Updated: Feb 7, 2018 7:22 AM

White House press secretary Sarah Sanders said Tuesday the White House is "very comfortable with where we are right now" when it comes to the economy, despite the Wall Street roller coaster of the past couple of days.

Sanders reiterated that the economy is "incredibly strong" and that we are "infinitely better off today" than before President Donald Trump got into office, citing low unemployment numbers and increasing wages.

The Dow finished up 567 points, the fourth-largest single-day point gain in history, though overall it represents 2.3%, not close to a record. It marked a huge upswing after Monday's historic 1,175-point loss.

Sanders also said that the President has no regrets on taking credit for the stock market for months on end as it rose during the beginning part of his presidency.

"Does the President have second thoughts about taking credit for a booming economy? Absolutely not," Sanders said.

Article Comments

Mason City
Clear
56° wxIcon
Hi: 76° Lo: 56°
Feels Like: 56°
Albert Lea
Clear
55° wxIcon
Hi: 74° Lo: 57°
Feels Like: 55°
Austin
Clear
57° wxIcon
Hi: 76° Lo: 58°
Feels Like: 57°
Charles City
Overcast
61° wxIcon
Hi: 75° Lo: 57°
Feels Like: 61°
Rochester
Clear
59° wxIcon
Hi: 73° Lo: 56°
Feels Like: 59°
Tracking an active pattern to end the work week
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Re election kickoff watch party

Image

Rallying for Sudan

Image

Extra speed enforcement

Image

Local sports highlights from Tuesday

Image

Renewing the Mental Health Coordinator

Image

Four IA Counties meet to discuss disaster recovery

Image

Gifted and Talented Symposium

Image

Chris Norton Wheelchair Camp

Image

Freeborn County Relay for Life

${article.thumbnail.title}

Storm Team 3: Warm end to June

Community Events