Newsmax host says a 1,500 point drop in the DOW is “not that bad”
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From the April 3, 2025, edition of Newsmax's Rob Schmitt Tonight
ROB SCHMITT (HOST): Yeah. The frustration has got to be that — I mean, it's a very shortsighted media apparatus. The Democrat Party obviously is going to focus on anything negative about it. So you have all of these people focusing on — and like you said, I mean, the DOW is down twelve - fifteen hundred points out of forty thousand. That's not that bad. It wasn't as bad as maybe some people had thought it would be, which is good.
But the consistent focusing on oh, this business owner can't find what they need right now. It's like you're trying to do a fundamentally huge change to the American economy and secure it in a big way. And everybody's sitting here paying attention to what little negative thing can I look at right now, tomorrow or the next month and not looking at maybe the rest of our lives having a more secure country.
VICE PRESIDENT JD VANCE (GUEST): Yeah. Look, one bad day in the stock market compared to what President Trump said earlier today — and I think he's right about this. We're going to have a booming stock market for a long time, because we're reinvesting in the United States of America. And more importantly than that, of course, the people in Wall Street have done well. We want them to do well, but we care the most about American workers and about American small businesses, and they're the ones who are really going to benefit from these policies. Think about how many factories we've seen closed down since NAFTA in the early 90s. 90,000 American factories have been closed down. That's small towns that have been blighted. That's millions of workers who have lost their jobs. That has to stop.