Commerce Sec. Howard Lutnick was pumping up the Trump economy and claimed on CNBC Wednesday morning that, so far, there were no American deaths in our war against Iran, which is a complete fallacy.
Lutnick lives on CNBC and Fox Business and rarely faces pushback or repudiation for his bogus claims and rosy beliefs about the US economy.
Lutnick was asked about the problems with the US government bond markets and Bessent's apparent intervention in it.
Trump supporter and CNBC host Joe Kerne asked about Bessent's moves, but should have guessed his answer.
"Should we be worried, and in the agree with the Treasury's move to intervene and maybe try to orchestrate a drop in the 30-year yield?" Kerne asked.
"I think the market will stabilize in a more positive way than people imagine," Lutnick replied.
It's a lack of imagination for all of Wall Street and every credible economist that's the problem, not Trump's policies. Gotcha!
Then came a classic Lutnik monologue. This one was so flagrant that Trump had to respond the next day.
LUTNICK: And the growth rate and the reduction in the deficit will not only stabilize the bond market, will bring rates down.
I think the way the president is playing Iran, right, there's not there haven't been American deaths.
This is really just an economic choke out, which the administration is now executing more broadly.
And I think it'll be very effective. So I'm very optimistic that the bond market will treat us very well.
WTF? 18 people have died so far, and many more are injured. The administration is not providing any real details about what's going on in the Iran war, but I imagine there's a lot more damage than has been reported.
Lutnick is so high on his own bullshit he crapped on the sacrifices our troops are making at the behest of an incompetent commander in chief and an unqualified Sec. of Defense.
Notice the CNBC hosts did not respond to his vicious lies and moved on to the next topic.
This lack of fact-checking is what makes scumbags like Lutnick thrive.
After Trump bailed him out on Truth Social, Lutnick responded on Xitter.
While speaking yesterday at the G20 innovation summit about AI, I answered a question about the military actions in Iran, I misspoke. 18 members of our military have died, and to those families my heart breaks and I am so very sorry for their loss. I was thinking about the…
— Howard Lutnick (@howardlutnick) September 3, 2026


