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.

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.

ADVERTISEMENT

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

“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].

Send confidential news tips to [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

BUSTED: CNN’s panel of women defending Trump’s racism were literally the ‘Trumpettes’

Published

on

CNN aired a panel that featured “Republican women” defending President Trump’s racist tweets, but failed to mention that they were actually part of a pro-Trump group whose members the network had interviewed in the past.

This article originally appeared at Salon.

Continue Reading

Breaking Banner

Ben Carson is Donald Trump’s faulty human shield against accusations of racism

Published

on

Ben Carson is back in the news — after another long absence — because Donald Trump has once again been accused of racism.

This article originally appeared at Salon.

The secretary of Housing and Urban Development is the only African-American member of the president’s Cabinet, and is often trotted out to clean up after Trump makes a mess too obviously problematic for the media to ignore. While Trump has tried to spin his recent racist attacks on four progressive freshman congresswomen as a strategic maneuver meant to manipulate Democratic infighting to his advantage, Carson's re-emergence from his stupor should be a clear indication that the president’s team recognizes the damage that can be caused by his unforced errors.

Continue Reading
 

Breaking Banner

An illegal trend could be emerging after Trump let Kellyanne Conway off the hook for breaking federal law

Published

on

Federal workplaces are supposed to be free of politics, but a Trump administration appointee used a government forum Wednesday to express support for the president’s reelection.

At a conference on religious freedom hosted by the State Department, an official told the crowd of several hundred people that “hopefully he will be reelected,” referring to President Donald Trump.

It’s illegal for federal employees to engage in political activities while they are on the job.

“It’s a violation of the Hatch Act for a federal official, to say in her official capacity, to hope that the president will be reelected,” said Kathleen Clark, an expert on legal ethics at the Washington University in St. Louis.

Continue Reading
 
 
 

Copyright © 2019 Raw Story Media, Inc. PO Box 21050, Washington, D.C. 20009 | Masthead | Privacy Policy | For corrections or concerns, please email [email protected]

Join Me. Try Raw Story Investigates for $1. Invest in Journalism. Escape Ads.
close-image