New White House press secretary Karine Jean-Pierre has been thrust into a difficult position as she faces questions about record gas prices, staggering inflation and unprecedented shortages including baby formula, and on Wednesday, she was put on the spot over the stock market, a topic that she appeared to be ill-prepared to address.
On a day when the Dow Jones Industrial Average would plunge over 1,100 points, the biggest one-day loss since 2020, Jean-Pierre failed to demonstrate the sass and ability to think on her feet of her predecessor Jen Psaki and her mind-boggling answer won’t likely calm the criticism that she has received during her first week behind the podium.
Jean-Pierre’s stunning remarks that the White House isn’t closely monitoring the market should greatly alarm Americans who, in addition to the damage to their purchasing power due to the worst inflation in over four decades, could also see their 401k’s take a major hit if the markets go into a downward spiral.
When asked about the market, Jean-Pierre said, “The Fed chair, you know, the Federal Reserve is independent, we leave them to make their own policy decisions, we do not get involved in that, and nothing has changed on how we see the stock market.”
“We do not…that’s not something we keep an eye on every day, so I’m not going to comment about that from here,” she said.
Twitter users took to the platform to remark on Jean-Pierre’s suggestion that the administration was indifferent to the stock market.
The Dow went down 1,000 points today and the WH response is that they aren't really looking at it.
— Stephen L. Miller (@redsteeze) May 18, 2022
Things the White House doesn’t keep an eye on:
❌ The border
❌ The stock market
❌ Rising inflation
❌ Baby formula
— Sen. Marsha Blackburn (@MarshaBlackburn) May 18, 2022
Karine Jean-Pierre was asked about today's stock market dive and her response was:
"We do not- that's not something we keep an eye on every day."
You know who does keep an eye on the markets every day? People watching their 401k tank faster than Biden's approval.
— Spencer Brown (@itsSpencerBrown) May 18, 2022
They seemed pretty interested in individuals $600 transactions not too long ago…
— Float (@unclefloat) May 18, 2022
Yikes! But of course they “don’t keep an eye” ANYTHING other than the hourly news cycle and their own glorious faces, reflected back in whatever pond they happen upon. The ultimate in malignant narcissism. https://t.co/2XEJnxhmr0
— Tammy Bruce (@HeyTammyBruce) May 18, 2022
Why would you, only 45% of working adults have their additional retirement in the market in some way shape or form.
— Ⓡⓤⓢⓣⓨ Ⓗⓘⓒⓚⓢ (@Coach_Rusty) May 18, 2022
clearly, they don’t keep on an eye fuel prices or baby formula either. so what do they do again??
— Kurt Odell (@Kurt_Odell13) May 18, 2022
Maybe someone should remind her about 401ks
— Gha AL-Oyouni (@Ghaaoy12) May 18, 2022
I guess her resume of calling us racists, wasn’t a measure of her grasp of policy topics
— NoPartyT-2022 (@Twin66) May 18, 2022
She may not make it a month in this job. @PressSec
— Harold (@HaroldKnighten) May 18, 2022
— Korey (@birdman032) May 18, 2022
She didn’t fare much better in her response to Fox News bulldog Peter Doocy who pressed her on the regime’s excuse that the pain at the pump was due to “Putin’s price hike” which, while lapped up by the sycophants in the media, has failed to resonate with Americans who are being gouged at the pump.
.@PressSec is correct. A war is to blame for the increased gas prices. Biden's war on America's energy industry.
— Congressman Byron Donalds (@RepDonaldsPress) May 18, 2022
In the first week on the firing line, Jean-Pierre already looks like a deer in the headlights and is clearly in way over her head.
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