Trump Has Ripped His Predecessors Over The Stock Market. Now, He Has Watched It Fall 5% Since He Returned To The White House: ‘One of the worst economic starts in recent memory’

https://www.independent.co.uk/news/world/americas/us-politics/trump-stock-market-economy-recession-b2713154.html

41 comments

  1. I’m sure he’ll tell you it’s not his fault, never his fault! 

  2. As per [original article](https://www.independent.co.uk/news/world/americas/us-politics/trump-stock-market-economy-recession-b2713154.html) 📰:

    – 51 days into Trump’s presidency, economists and major banks have increased the chances of a U.S. recession after a manic 24 hours on Wall Street.

    President Donald Trump has been quick to rip into his predecessors about the stock market over the years – but the Dow under his watch has tumbled 5 percent in one of the worst economic starts in recent memory.

    As White House press secretary Karoline Leavitt bragged about the “golden age” of Trump’s economy, the Dow Jones index plummeted in real time on the Fox News live ticker. By closing Tuesday, the Dow had dropped 480 points. That loss came after it dropped nearly 900 points on Monday. The Dow has now fallen from 44,025 to 41,911 in Trump’s first 50 days

    Trump once warned that if Kamala Harris was elected president, America would experience another crash like the Great Depression. “We are going to have a crash and we’re going to have a crash like a 1929 crash if she gets in,” Trump said on the campaign trail in August.

    Now, 51 days into his presidency, economists and major banks have increased the chances of a U.S. recession after a manic and turbulent 24 hours on Wall Street.

    While Trump touts his current economic performance, he has been quick to rip previous adminstrations for theirs.

    One frequently cited post is a supposed 2012 tweet where Trump said “If the Dow drops 1,000 points in two days the President should be impeached immediately!” it said. However, the post has long been debunked.

    That doesn’t mean the president hasn’t been critical in the past when it comes to the stock market.

    “Amazing—Obama speaks, market goes DOWN—Trump tells CNBC he’s buying stock—market goes UP — should not be that way!” Trump posted in August 2011.

    “Congratulations to Barack Obama for having 2012’s debt already surpass 2011,” he wrote in October 2012.

    Later, Trump bragged about his victory over Hillary Clinton in a post in December 2017. “If the Dems (Crooked Hillary) got elected, your stocks would be down 50% from values on Election Day,” Trump posted. “Now they have a great future – and just beginning!”

    Trump posted about the stock market prolifically during his first term.

    “Highest stock market EVER,’’ Trump wrote in a post on Twitter, now X, in July 2017. “The Stock Market just reached an All-Time High during my Administration for the 102nd Time a presidential record by far for less than two years,” he wrote on October 2018.

    “You cannot judge my Stock Market performance since the Inauguration, which was very good, but only from the day after the big Election Win, which was spectacular due to the euphoria of getting Obama/Biden OUT, & getting Trump/Pence IN,” he wrote in October 2019. “Went up BIG between Nov. 9 & Inauguration!”

    “Trump stock market rally is far outpacing past US presidents,” he bragged in December 2019.

    Trump’s attitude toward the stock market appears to have changed in a matter of weeks.Until recently, the stock market was used reliably as a measure of his economic success. On the eve of his inauguration, the president referred to the increase in stocks as the “Trump effect.”

    “I was very proud to have handed over the country when the stock market was higher than it was, previous to the pandemic coming in,” the president added in a Fox News interview on February 9. “It was an amazing achievement.”

    “The stock market is going to be great,” he then said at an investor conference on February 19.

    It all changed over the weekend when Trump spooked the markets by refusing to rule out a recession and signaled he would not be backing down with his aggressive trade tariffs. “There is a period of transition, because what we’re doing is very big,” Trump told Maria Bartiromo Sunday on Fox News. When asked whether he thinks a recession is imminent, Trump said, “I hate to predict things like that,” and later conceded there would be “disruption.”

    “What I have to do is build a strong country,” he also said. “You can’t really watch the stock market.”

    As stocks slid further Tuesday afternoon, Leavitt told a press briefing there was “great indication to be optimistic about where the economy stands.”

    “The American people, investors, CEOs, small business owners, but most importantly, workers should bet on President Trump, because his tariff policies, what he envisions is reciprocity, fair trade practices, where American workers are put first and are no longer ripped off by foreign countries all over this world,” Leavitt said at the briefing.

    And as the nightmare on Wall Street unfolded Monday, Trump was on a Truth Social spree, posting more than 100 times in six hours.

    On Monday, the S&P 500 dropped almost 3 percent, the Nasdaq tanked 4.2 percent and the Dow Jones Industrial Average had its worst day of 2025. Trump, however, was reeling off positive headlines on his social media platform.

    Among the scores of posts Trump shared was a Daily Caller piece by conservative commentator Larry Elder titled “Trump Is Right About Tariffs.” Others read “Trump Has the Taxpayers’ Back” and “Trump tariffs will save American jobs and level the playing field.”

    In addition to the positive headlines about the trade tariffs, which have prompted economists to increase the likelihood of a U.S. recession, the president shared a flurry of links to news stories from the previous week praising his “rousing” speech during his first joint address to Congress. The president also shared headlines about his “success” on the border and being nominated for the Nobel Peace Prize by Rep. Darrell Issa.

    There was no explicit comment from Trump on the stock market, but the White House attempted to downplay the damage.

  3. He was a disaster when he left and now he’s a disaster when he came back. And these idiot voters still think he’s great for the economy

  6. With Trump, anything bad is always the fault of someone else.

  8. So basically Liz Truss.  The difference being that she was easily removable because the members of her party hadn’t sworn a personal oath of loyalty to her.

  9. Judging by the fact he got reelected, I have a feeling that even 8 years is far out of what would be considered recent memory for most voting Americans.

  10. I hope the rich fucks get him out since the poor want him in.

  12. What? The Nasdaq I’d down like 12%! What they talking about 5%!?!

  13. Doesn’t matter. He has never suffered a single consequence.

  16. Maybe he should sign an executive order that stocks have to go up.

  17. The excuses keep piling up and the goalposts keep changing

  19. He was crap for the economy the first time around, good Biden nearly 4 years to right that ship, and 40 days for Trump to sink it

  20. These headlines need to start reflecting Trump’s language. Like:

    “PRESIDENT TRUMP CREATES THE WORST ECONOMIC START IN THE HISTORY OF THE U.S., MAYBE THE WORLD, EVEN. IN ALL OF HUMAN HISTORY, NO ONE HAS EVER SEEN A WORSE ECONOMIC START UNTIL PRESIDENT TRUMP RETURNED TO THE WHITE HOUSE.”

    Or something like that…

  22. The bigliest recession a president has single handedly created.

  23. He did say he would make prices go down on day one. He just meant stock prices.

  24. It will always stick with me that he would be wealthier if he has taken the money his dad gave him and stuck it in the stock market and left it and that is one of the slowest ways to grow your money. He isn’t some savant. He is fiscally incompetent at the most basic level

  28. You don’t understand, when it goes up it’s because of him, when it goes down it’s not his fault.

  33. I hate the way these headlines are written.

    It makes it seem like Trump was correct in criticising his Predecessors.

  35. Now, he has to seize the stock exchange building and install himself as head of it.

  37. It’s all ____insert some Democrats name here___, I have nothing to do with it. – Trump every time.

  38. I wish I could express in words the visions in my head that happen every time I see that extremely ugly face.

  39. The whole point is to tank the market, and buy everything at a lower cost.

  41. Why is it so hard for the world to understand he’s not a businessman. He’s a lunatic. Everything he touches dies. The last time he killed a bunch of us with the flu. Now he’s on to bankrupting us.

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