Religion Today Blog Christian Blog and Commentary

Defend Prayer and Religious Liberty: Your Signature Makes an Impact!

Pat Robertson: Stock Market Troubles Due to God’s Anger at Planned Parenthood Funding

  • Veronica Neffinger

    Veronica Neffinger wrote her first poem at age seven and went on to study English in college, focusing on 18th century literature. When she is not listening to baseball games, enjoying the…

  • 2015 Aug 25

Pat Robertson has claimed that Monday's economic downturn is due to the nation’s failure to defund Planned Parenthood.

Moments after trading opened on Monday morning, the Dow Jones Industrial Average plunged 1,000 points. The hashtag #BlackMonday quickly began appearing on social media.

However, the day ended on a less sober note, with Forbes’ Maggie McGrath noting that the Dow rebounded to only a 195 point drop--a remarkable comeback after such a plunge. McGrath also reminds readers that what is most important with the stock market is long term trends, which McGrath proves have actually been on the rise since 2010.

However, a brighter trading day Tuesday did not stop many public figures from predicting the worst.

Robertson attributes the stock market panic of Monday to impending financial crisis, prophesied by the Messianic Rabbi Jonathan Cahn.

Robertson cited Cahn’s prophesy that an economic crisis will come upon America.

“Whether it comes in this time parameter of the Shemitah or the year following or not, I believe a great shaking is going to come to this land and to the world that will involve the collapsing of the American economy ... and the removal of its blessings and prosperity,” Cahn stated, according to Charisma News.

Other prominent figures, 2016 Republican presidential candidates Donald Trump and Scott Walker, blamed the Obama Administration for allowing China to have too much control of the markets. notes that perhaps Robertson made a connection between China’s part in the economic downturn and the country’s one-child policy which often results in abortion of baby girls--which brings the discussion back to Planned Parenthood and Robertson’s condemnation of the U.S.’s failure to defund the abortion clinic.

Although the market did rebound Tuesday, Mike Antonelli, equity sales trader at R.W Baird & Co., thinks Monday’s sell-out is not without consequence.

“[T]here are serious global growth issues that are not going to be resolved any time soon. We expect the correction to last longer,” Antonelli said. 

Photo courtesy:

Publication date: August 25, 2015