“This economy is going to turn around,” Rep. Brad Sherman (D-Calif.) said Friday on NewsNation’s “The Hill.” “The real economy will do very well this summer.”
Sherman said, “This economy is going to turn around. It’s already started. The stock market is a predictive tool. It’s a leading indicator. And by the summer, people will respect what the president has done economically and will I think that will be reflected in the polls.”
Then host Blake Berman interjected and asked: “I’m glad you mentioned the economy, because I was going to ask you about this today, and the S&P 500 closed above 5,000 for the first time ever. So there’s a record. Today. It closed above 5,000. It closed above 4,000 when Biden first took office. I think the Democrats are shouting to the rooftops about this, but to their credit, , you brought it up. But isn’t everything else clouding that and that’s part of the problem?”
Mr. Sherman replied: “Well, it’s the real economy that matters. But there are some of the smartest people on Wall Street, the wealthiest people, who are betting that the real economy is going to do very well this summer. That’s why they’re buying stocks now. And if they’re right, and they’re not always right, these polls will definitely turn around. The fact is, Biden has put together an outstanding set of policies. [set of] Legislative accomplishments. He may be the best president we’ve had since Roosevelt. And as people look at what we’re doing with infrastructure and things like that, I think Biden will win with a comfortable majority. ”
to follow Ian Hanchett’s Twitter @Ian Hanchett
