During a discussion on Fox News, Jessica Tarlov challenged co-host Jesse Watters' praise of Donald Trump's Middle East trip, noting that the U.S.'s credit rating had been downgraded by Moody's while they were on a commercial break. This downgrade, marking the first of its kind, was attributed to ongoing political instability, annual budget deficits, and a growing national debt. Tarlov positioned Trump's approval bump as a superficial success, stating that investors were worried about future economic conditions, evidenced by anticipated price increases from retailers like Walmart.
Tarlov emphasized that Trump's approval rating bump couldn't overshadow the significant downgrade of the U.S. credit rating by Moody's, highlighting growing fiscal deficits.
Moody's cited political instability and persistent budget deficits as reasons for downgrading the U.S. credit rating, an unprecedented decision reflecting fiscal challenges.
The credit downgrade was a historic first for Moody's, which criticized Congress and successive administrations for failing to address the trend of large fiscal deficits.
Tarlov pointed out that even amid Trump's touted successes, real-world issues like Walmart predicting price increases and credit downgrades signal looming economic challenges.
Collection
[
|
...
]