Scott Jennings Tells CNN Panelists To Stop Being ‘Hysterical’ About Trump’s Economy

CNN senior political commentator Scott Jennings told CNN panelists Thursday to stop panicking about the current state of the economy under President Donald Trump’s administration.

Fears surrounding the economy have arisen as the stock market plunged by almost 900 points on Monday and has dipped into correction, meaning it closed down by more than 10%. During the panel, Jennings said corrections are relatively common and praised other aspects of the Trump economy.

“Corrections are not unusual,” Jennings said. “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 coming down. Egg prices are $4.89 today, they were $6.85 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.”

“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,” Jennings continued.

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Jennings explained that the tariffs will encourage American companies to re-shore their manufacturing, but noted that it will not happen immediately.

“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 thinks it will work,” Jennings said.