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{"id":25241,"date":"2026-07-03T01:20:19","date_gmt":"2026-07-03T01:20:19","guid":{"rendered":"https:\/\/bluelightnews.com\/category\/politics\/the-stock-market-is-not-the-litmus-test-the-american-public-wants\/"},"modified":"2026-07-03T01:20:19","modified_gmt":"2026-07-03T01:20:19","slug":"the-stock-market-is-not-the-litmus-test-the-american-public-wants","status":"publish","type":"post","link":"https:\/\/bluelightnews.com\/category\/politics\/the-stock-market-is-not-the-litmus-test-the-american-public-wants\/","title":{"rendered":"The stock market is not the litmus test the American public wants"},"content":{"rendered":"<div>\n<p><em>This is the Oct. 29 edition of &ldquo;The Tea, Spilled by Morning Joe&rdquo; newsletter.<\/em><a href=\"https:\/\/link.ms.now\/join\/5ck\/morning-joe-signup\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Subscribe here<\/em><\/a><em>to get it delivered straight to your inbox Monday through Friday.<\/em><\/p>\n<blockquote>\n<p>&ldquo;This is a president who has actually lost money for being president of the United States.&rdquo;<\/p>\n<p>&mdash; White House press secretary Karoline Leavitt <a href=\"https:\/\/www.youtube.com\/shorts\/0IkGTbGXI7g\">last year<\/a>.<\/p>\n<\/blockquote>\n<h2 id=\"h-guest-essay\"><strong>GUEST ESSAY<\/strong><\/h2>\n<p>Trump&rsquo;s financial disclosures this week showed not millions but billions in wealth growth for the president and his sons &mdash; in a single year.<\/p>\n<p>His defenders call that transparency. Voters, standing at gas stations where prices are only now returning to reality, have another word for it: unfair.<\/p>\n<p>It&rsquo;s a split screen the White House keeps producing heading into the midterms. Billions on the disclosure forms while voters rank affordability as their top concern. Gatsby parties at Mar-a-Lago during the shutdown while Americans stood in food bank lines. Calling affordability a hoax while pressing on with vanity projects on the White House lawn.<\/p>\n<p>Republicans had an open-book test on how to message the economy. They passed it in 2024, winning the election by hammering the Biden-Harris administration for failing on affordability. Yet now they&rsquo;ve reached for the very same talking point: &ldquo;Isn&rsquo;t the stock market doing great?&rdquo;<\/p>\n<p>It turns out, once again, the stock market is not the litmus test the American public wants.<\/p>\n<h2 id=\"h-a-rainy-fourth\"><strong>A RAINY FOURTH?<\/strong><\/h2>\n<p><strong>From NOAA: <\/strong>&ldquo;Isolated to scattered storms will be possible from the central Plains into the Midwest and Mid-Atlantic this Fourth of July. The greatest concentration of strong to severe storms will be within portions of the Mid-Atlantic.&rdquo;<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"815\" height=\"558\" src=\"https:\/\/www.ms.now\/wp-content\/uploads\/2026\/07\/image_2b7d88.png\" alt><\/figure>\n<h2 id=\"h-what-they-said\"><strong>WHAT THEY SAID<\/strong><\/h2>\n<p><strong>Eugene Robinson on Iran talks<\/strong><\/p>\n<p>&ldquo;It is fascinating how President Trump is essentially making JD Vance hold the bag on this. Vance is out having to try to justify and explain this war, negotiate a peace with the Iranians, while the president sits back and flies around on his new jet.&rdquo;<\/p>\n<p><strong>Richard Haass on public service<\/strong><\/p>\n<p>&ldquo;I&rsquo;m old enough to remember when going into government meant a degree of sacrifice. The blatancy and the nakedness of Trump&rsquo;s conflicts of interest is striking &mdash; he&rsquo;s getting away with it on a scale that is really unprecedented.&rdquo;<\/p>\n<p><strong>Stephanie Ruhle on stock market and affordability<\/strong><\/p>\n<p>&ldquo;People cannot afford the basic things they need &mdash; a place to live, a decent job &mdash; to get their lives started. When the president is boasting about 401(k)s, people who can&rsquo;t get a job don&rsquo;t have a 401(k) to feel good about.&rdquo;<\/p>\n<p><strong>Jonathan Lemire on the U.S. World Cup win<\/strong><\/p>\n<p>&ldquo;It was a really thrilling win. Next up: Monday night in Seattle against Belgium will be a scene, with the U.S. on the precipice of the quarterfinals. Making it that far would be a resounding triumph for the hosts of the World Cup.&rdquo;<\/p>\n<h2 id=\"mailbag\">MAILBAG<\/h2>\n<p>Do you have a favorite Fourth of July memory or tradition? <strong><a href=\"https:\/\/forms.gle\/T8m1N4wvap6fzess6\">Tell us here<\/a>and we may share your answer in an upcoming newsletter<\/strong>.<\/p>\n<h2 id=\"catch-up-on-morning-joe\">CATCH UP ON MORNING JOE<\/h2>\n<div data-wp-interactive=\"msnbcVideo\" data-wp-context=\"{\" post al sharpton on america the journey power politics with stephanie ruhle saturday will mark years as an independent nation. notus reporter evan mcmorris-santoro ms now business analyst ron insana former deutsch inc. chairman donny and naacp president rev. join to break down how they are viewing this milestone in american history. of last night trump rights data-wp-init=\"callbacks.init\">\n<p><img loading=\"lazy\" decoding=\"async\" width=\"860\" height=\"484\" src=\"https:\/\/www.ms.now\/wp-content\/uploads\/2026\/07\/1783006038243_n_ruhle_america_250_celebrations_national_identity_voting_rights_trump_260702_1920x1080.jpg?w=860&amp;h=484&amp;crop=1\" alt><\/p>\n<\/div>\n<div data-wp-interactive=\"msnbcVideo\" data-wp-context=\"{\" post trump slammed for in on the presidency joe defended reports from his financial disclosure that he earned more than dollars last year. president claimed most of money was made stock market despite disclosures showing a majority those earnings coming crypto ventures. morning panel discusses reaction to growing wealth office. politics news house data-wp-init=\"callbacks.init\">\n<p><img loading=\"lazy\" decoding=\"async\" width=\"860\" height=\"484\" src=\"https:\/\/www.ms.now\/wp-content\/uploads\/2026\/07\/1782991940523_n_mj_trumpfinancials_260702_1920x1080.jpg?w=860&amp;h=484&amp;crop=1\" alt><\/p>\n<\/div>\n<div data-wp-interactive=\"msnbcVideo\" data-wp-context=\"{\" post trump sons could profit from a trillion dollar pentagon budget joe new ms now investigation is taking closer look at president two eldest and some of the investments they made since their father began his second term in office. neither eric nor donald jr. hold official roles administration but are linked to least defense firms that have drawn dollars federal funding returned white house. house reporter akayla gardner joins morning break down her reporting. politics news data-wp-init=\"callbacks.init\">\n<p><img loading=\"lazy\" decoding=\"async\" width=\"860\" height=\"484\" src=\"https:\/\/www.ms.now\/wp-content\/uploads\/2026\/07\/1782996303077_n_mj_trumpsons_260702_1920x1080.jpg?w=860&amp;h=484&amp;crop=1\" alt><\/p>\n<\/div>\n<\/div>\n<div>\n<p>Ali Vitali is MS NOW&#8217;s senior congressional correspondent and the host of &#8220;Way Too Early.&#8221; She is the author of &#8220;Electable: Why America Hasn&rsquo;t Put a Woman in the White House &hellip; Yet.&#8221;<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.ms.now\/news\/the-stock-market-is-not-the-litmus-test-the-american-public-wants\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is the Oct. 29 edition of &ldquo;The Tea, Spilled by Morning Joe&rdquo; newsletter.Subscribe hereto get it delivered straight to your inbox Monday through Friday. &ldquo;This is a president who has actually lost money for being president of the United States.&rdquo; &mdash; White House press secretary Karoline Leavitt last year. GUEST ESSAY Trump&rsquo;s financial disclosures [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":25242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trump"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/posts\/25241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/comments?post=25241"}],"version-history":[{"count":0,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/posts\/25241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/media\/25242"}],"wp:attachment":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/media?parent=25241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/categories?post=25241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/tags?post=25241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}