Quantcast
Connect with us

Trump perfectly trolled with Obama’s stock market success after president warns of crash without him

Published

on

 

Reporting on one of Donald Trump’s Saturday tweets — where the president darkly warned that the stock market would collapse if he is not re-elected — a financial reporter for Bloomberg slyly pointed out that Trump financial successes since he became president are “middling” — and that his predecessor was more successful.

ADVERTISEMENT

According to Bloomberg’s Roz Krasny, “President Donald Trump, gearing up for the official start of his 2020 campaign, warned that the U.S. would face an epic stock market crash if he’s not re-elected,” noting his tweet stated, “The Trump Economy is setting records, and has a long way up to go….However, if anyone but me takes over in 2020 (I know the competition very well), there will be a Market Crash the likes of which has not been seen before! KEEP AMERICA GREAT.”

Pointing out that Trump has tried to scapegoat the Fed over interest rates for keeping the market from booming, Krasny noted how the markets are doing under the Republican president who has roiled markets with his trade wars.

Doing so, she noted that former President Barack Obama — and Bill Clinton for that matter — had a better track record.

ADVERTISEMENT

“Research by Macrotrends shows the Dow Jones Industrial Average’s performance so far in Trump’s term has been middling compared with his predecessors, and trails the gains made under Democrats Barack Obama and Bill Clinton,” she wrote before adding. “It’s a touch above the gains logged under Republicans Ronald Reagan and George H. W. Bush; George W. Bush had presided over a losing market at this point in his first term.”

You can read more of her analysis here (subscription required).

ADVERTISEMENT

Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

New York Times editorial board asks Trump if he didn’t do anything wrong — why he won’t let witnesses testify

Published

on

The New York Times editorial board issued a scathing op-ed Sunday detailing the ways in which President Donald Trump is destroying one of the key branches of the United States government.

While many presidents battle with Congress, Trump has taken his "obvious contempt" to a whole new level. But if he was truly innocent of the accusations he's facing, then why is he hiding so much.

"If Mr. Trump is so clear in his own mind that he didn’t try to pressure the Ukrainian government to interfere in the 2020 election, why won’t he send the secretary of state, Mike Pompeo, to testify under oath that there was no quid pro quo?" asked The Times. "Instead, he has issued a blanket refusal to allow officials of his administration to testify or submit documents demanded by Congress. His approach is pitting Republican House members’ fealty to him against their respect for their own institution. They are making a fateful choice to diminish the House."

Continue Reading

Breaking Banner

Trump busted for acting like the Saudi’s ‘press secretary’ after Florida naval yard shooting

Published

on

Conservative Washington Post columnist Max Boot blasted President Donald Trump for essentially becoming a "press secretary" for the Saudi Arabian government in wake of the Pensacola, Florida mass shooting.

In his column Sunday, Boot noted that the typical mass shooting sentiments like "thoughts and prayers" were absent Friday when Trump discovered that the shooting was done by a Muslim.

"It turns out that Trump actually has a triple standard, because he treats attacks by Saudis differently than those from other Muslim nations," Boot observed. "On Friday, a Saudi air force officer studying at the Naval Air Station Pensacola shot dead three Americans and wounded eight others. Instead of expressing outrage or vowing vengeance, or even waiting for all the facts to come in, Trump sounded as if he were auditioning for the job of press secretary at the Saudi Embassy."

Continue Reading
 

Breaking Banner

McConnell blocked by his own party from calling impeachment witnesses Trump wants for Senate trial: report

Published

on

According to a report from the New York Times, Senate Majority Leader Mitch McConnell (R-KY) is finding his hands tied by members of his own party who are skeptical over the appropriateness of calling some of the witnesses Donald Trump  -- and a few of his House Republican enablers  -- want to appear.

As the Times notes, "While Democrats who control the House are focused on a swift impeachment vote by year’s end, the White House is almost entirely consumed by the trial that would follow in the Republican-controlled Senate, where Mr. Trump’s team believes he would have the chance to defend himself and where Democrats would almost certainly fall short of the two-thirds vote they would need to remove him from office."

Continue Reading