Fox News host Jeanine Pirro made the stunning declaration on Thursday that she wasn’t concerned about her retirement savings after President Donald Trump stoked market chaos with new tariffs.
It was all part of a long-winded endorsement of Trump’s trade-war baiting.
“This is what Donald Trump ran on and he’s delivering,” she said on “The Five.” “And you know what? I don’t really care about my 401(k) today. You know why? Not that I can afford it, not that it isn’t important, not that I’m not at a point in my life when I should be worried about my 401(k) because I am, but this is what I believe.”
Trump’s sweeping tariffs from 10% to more for places like the European Union and China are reportedly meant to force better trade terms with the world and encourage domestic manufacturing. Pirro is sticking to that ill-received longview.
“I believe in this man,” she continued. “… It’s about time we recognized we’ve got to have manufacturing in this country, and we need to bring them [countries] to the table, and Donald Trump is the only one who can do it because he’s got the biggest consumer base in the world. He’s not afraid of anybody. ”
Pirro, 73, was about to say that he’s “balls to the wall” but didn’t quite get there.
“In the end, it’s going to help the working class,” she added. “And who’s complaining? My last point, who’s complaining? Wall Street. Too bad. He’s helping the middle class. And finally, I think it’s going to be over this summer.”
Fox News colleague Harris Faulkner issued a somewhat similar message before Trump’s so-called “Liberation Day.” She told “401(k) people” to sacrifice like it’s wartime.
If market volatility is slamming your 401(k) balance, many experts say not to panic and don’t do something rash. But if you’re nearing retirement, taking action could be in order.
“Maybe you lean into the terms and you rebalance your portfolio a little bit,” Jon DeMoss, a senior wealth advisor with Mission Wealth, told CBS News. “Or if it’s really scaring you, maybe you adjust the risk level down a tad, but you really should consult a professional.”
h/t Media Matters for America
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