On Fox "straight news," guest Art Laffer says Bernie Sanders being elected president would cause a total market collapse
Laffer also falsely blames the Great Recession on Barack Obama
Video ››› ››› MEDIA MATTERS STAFF
From the April 15 edition of Fox News' The Story with Martha MacCallum:
Loading the player reg...
ART LAFFER: It's just plain economics, whenever you redistribute income you reduce total income and that is what he's doing and I am very afraid that if he were elected we would have an enormous crash in the market. Now, that crash would come in anticipation of his election, but it's much like Obama, who I believe was the reason why we had the Great Recession. As he got closer and closer to winning the markets collapsed.