{"id":1989871,"date":"2023-08-03T15:07:02","date_gmt":"2023-08-03T19:07:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democratic-senator-shorts-us-economy-after-praising-bidens-handling-of-it\/"},"modified":"2023-08-03T15:07:51","modified_gmt":"2023-08-03T19:07:51","slug":"democratic-senator-shorts-us-economy-after-praising-bidens-handling-of-it","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democratic-senator-shorts-us-economy-after-praising-bidens-handling-of-it\/","title":{"rendered":"Democratic senator praises Biden&#8217;s handling of US economy, but undermines it."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdemocratic-senator-shorts-us-economy-after-praising-bidens-handling-of-it%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1989871&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Sen. Tom Carper (D-DE) Bets Against US Economy Despite Prior Praise for President Biden<\/h2>\n<p>Records show that Sen.\u200d Tom Carper, a close ally of\u2064 President Joe Biden, \u200crecently made a bet against the United States economy, \u2062contradicting his previous praise for the president&#8217;s handling of it.<\/p>\n<p>On May 25, Carper thanked Biden for fostering a &#8220;resilient&#8221; economy that \u2064was &#8220;growing stronger every day&#8221; and supporting working families across Delaware and the country.<\/p>\n<h3>Contradictory Actions<\/h3>\n<p>However, despite his bullish statement, Carper purchased up to $95,000 worth of shares in Ranger Equity Bear ETF and ProShares Short QQQ, two funds that allow investors to hedge against recessions. This investment was revealed in a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stacey-abrams-purchased-two-homes-valued-at-1-4-million-after-reporting-massive-debts-in-2018\/\" title=\"Stacey Abrams purchased two homes valued at .4 Million after reporting massive debts in 2018\">financial disclosure filed<\/a> \u200dby Carper and reported by \u2062the Washington Free Beacon.<\/p>\n<p>This move seems to contradict Carper&#8217;s previous claims about job growth and economic success under Biden, whom he\u2064 has \u200dreferred to as a &#8220;dear friend.&#8221; In return, the president has \u200bpraised Carper&#8217;s dedication to the people of\u2064 Delaware.<\/p>\n<h3>Fitch Downgrade and Republican Criticism<\/h3>\n<p>On Tuesday, the rating agency Fitch downgraded the U.S. government&#8217;s credit, citing &#8220;eroded confidence in\u2062 fiscal management&#8221; and &#8220;fiscal deterioration.&#8221; This resulted in a decline in stock values on Wednesday. While Biden touts significant job growth, \u2064Republicans argue that it has not yet \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-walks-back-on-mileage-tax-to-pay-for-infrastructure-bill\/\" title=\"Biden admin. walks back on mileage tax to pay for infrastructure bill\">reached pre-pandemic levels<\/a>.<\/p>\n<h3>Carper&#8217;s Stock Trades<\/h3>\n<p>Carper&#8217;s office has previously stated that his stock trades are handled independently by a financial\u2062 adviser. However, the Washington Free Beacon reported that Carper&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democratic-senator-shorts-us-economy-after-praising-bidens-handling-of-it\/\" title=\"Democratic senator praises Biden's handling of US economy, but undermines it.\">recent investment decisions contradict<\/a> his public statements.<\/p>\n<p>A spokesperson for Carper did not\u2063 respond to a request for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sen. Tom Carper (D-DE), a strong supporter of President Joe Biden, contradicted himself by betting against the US economy. Despite previously praising Biden&#8217;s handling of the economy, Carper expressed doubt on its growth. On May 25, he commended Biden for fostering a resilient economy that was strengthening daily, but now seems skeptical.<\/p>\n","protected":false},"author":1,"featured_media":1989872,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1989871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1989871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1989871"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1989871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1989872"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1989871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1989871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1989871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}