Scott Jennings Drops Truth Bomb on CNN’s Economic Hysteria [WATCH]

CNN’s Scott Jennings had a simple message for his fellow panelists panicking over the latest stock market dip: calm down.

On Thursday, Jennings called out the exaggerated hysteria surrounding the economy under President Donald Trump, reminding everyone that market corrections are routine and not a sign of economic collapse, as The Independent Journal Review reported.

The stock market took a hit on Monday, dropping nearly 900 points and entering correction territory, meaning it fell over 10% from its recent peak.

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The usual suspects in the media immediately sounded the alarm, but Jennings wasn’t buying into the doomsday predictions. Instead, he laid out the facts about Trump’s economy, highlighting the strong fundamentals that the left conveniently ignores.

“Corrections are not unusual. I mean, during the bull market from 2009 to 2020, I think we had 5 corrections during that period. We even tend to have them every couple of years. It’s not unusual, they tend to be cyclical. There are other signs in the economy that are helping real people. Wholesale inflation is down, consumer inflation is down, gas prices are decreasing, mortgage rates [are] coming down. Egg prices are $4.89 today, they were $6.55 on Jan. 21. We’ve seen manufacturing jobs in the last job report go up, private investment announcements are going up, and a whole bunch of nutty climate regulations have been eviscerated by this administration.”

Jennings wasn’t just defending Trump’s record—he was calling out the media’s selective outrage. He pointed out that the economy is more than just the stock market, and while the market fluctuates, Trump’s pro-America policies are working.

“So, the stock market is one measurement. It’s not unusual for corrections to occur, but there’s a whole bunch of green shoots that we can look to and say there’s some optimism to be had.”

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Jennings also addressed Trump’s proposed tariffs, which have the media wringing their hands. He explained that while tariffs may cause short-term volatility, they are designed to bring manufacturing jobs back to America.

“I don’t think anyone should be hysterical over the stock market over one day or six weeks. Corrections occur, and then the markets move around. But this idea of trying to stimulate more manufacturing in the United States, that’s the plan and [Trump] thinks it will work.”

The market has been reacting to Trump’s tough stance on trade, particularly his proposed tariffs on Canada, Mexico, and China. He recently threatened a 50% tariff on Canadian steel and aluminum, which sent Wall Street into a brief panic.

But on Wednesday, Trump made it clear that markets were more affected by the mess left behind by his predecessor—record inflation and international instability from Biden’s disastrous foreign policy blunders.

Despite the media’s fixation on the market, the broader economy under Trump is showing signs of real improvement. Inflation eased in February, with the Consumer Price Index rising only 2.8%, according to a Bureau of Labor Statistics report.

That’s a far cry from the skyrocketing inflation Americans endured under Biden.

Under Biden, inflation spiked from 1.4% in January 2021 to a peak of 9% in June 2022, hammering working families.

By May 2024, prices had surged 20% compared to when he took office, thanks in large part to reckless spending—like the $1.9 trillion American Rescue Plan and the bloated $750 billion Inflation Reduction Act, which did anything but reduce inflation.

Wholesale inflation also slowed in February, particularly in energy prices. Gas prices, which soared to record highs under Biden, have now dropped to an average of $3 per gallon. Under Biden, gas prices routinely hovered over $4, squeezing the middle class.

Meanwhile, Trump’s administration is rolling back the regulatory chokehold Biden placed on American energy.

Environmental Protection Agency (EPA) Administrator Lee Zeldin just announced plans to scrap a slew of Biden-era restrictions on power and coal plants, including a major overhaul of the Greenhouse Gas Reporting Program, which imposed unnecessary costs on the energy industry.

Biden’s disastrous economic policies were a major factor in Trump’s landslide victory in 2024. Voters—especially Latinos, black Americans, and blue-collar workers—made it clear that they’d had enough of Biden’s failed leadership.

The economy was their top issue, and Trump delivered a message they could believe in: restoring American prosperity.