Trump Hopes US Economy Will Crash Within the Next Year
S E E D E D C O N T E N T
Jennifer Sor 2024-01-09
- Former President Donald Trump said he hopes the US economy will crash within the next year.
- That's to avoid being a "Herbert Hoover," who was president when the Great Depression began.
- Wall Street, though, is warming up to the possibility of a soft landing as inflation cools.
Former President Donald Trump hopes the US economy will crash within the 12 months so he doesn't get the blame for a downturn if he wins a second term.
In a televised interview on Monday, he also said the economy is fragile and "running off of the fumes" of his accomplishments in his first term.
That came just days after fresh signs that the labor market remains robust, with the economy adding a higher-than-expected 216,000 jobs in December.
"When there's a crash, I hope it's going to be during this next 12 months because I don't want a Herbert Hoover," Trump told Lindell TV, according to CNN. "The one president - I just don't want to be Herbert Hoover."
Hoover's presidency was marred by economic turmoil in 1929, when the stock market experienced its most notorious crash and the Great Depression began. He held just one term as president, before handing over the reins to Franklin Roosevelt in 1933.
The US economy remained strong in the third quarter, with GDP growing 4.9% year over year. For the fourth quarter, growth is expected to have cooled, but still positive at a 1.3% clip, according to the Fed's survey of professional forecasters.
Despite seeing stocks surge to end 2023, Wall Street's most bearish commentators have been ringing the alarm for a potential crash in the market.
But experts are generally warming up to the possibility of a continued stock rally and a soft-landing, as inflation continues to cool and economic activity remains resilient.
Economists surveyed by Bloomberg expect inflation to have ticked higher to 3.2% in December - still well-below the highs notched during the summer of 2022.
Tags
Who is online
408 visitors
I get it...
"America First" my ass. He cares only about himself, anyone that thinks otherwise is an idiot.
but....but...but...He did so many great things for America!
I've got some hopes and dreams for that POS in 2024...
Oh I can't wait for my measly tax cut
His hoping the economy crashes along with his Christmas wishes that we rot in hell and I don't recall his New Year's blessings.
I'm so sick of this bully and his calling for bedlam and violence in his name which his cult/enablers/supporters/defendersoftheindefensible are all too happy to carry out for him.
So many great things TO America.
[deleted]
I'm already going to rot in hell but I'm saving him a seat
does that seat look like a 5 foot long, 1.5 inch diameter piece of rebar heated to 800 degrees?
Yes
Oh.....Traitor Joe has done some much, here let me list them:
Ok, never mind he's accomplished nothing other than increased inflation, increased criminal aliens if our country and ballooned the national deficit
The ''America First'' President wants our economy to crash. How ''AMERICAN'' of him. /s
trump and his supporters are the only people on the planet ignoring the latest US economic data...
The economy is going so great that Traitor Joe is STILL trying to erase legal debts for millions despite taking all the credit for the "successes" of Bidenomics.
Maybe the economy isn't so great for everyone, eh?
The economy also wasn't big enough to allow us to forego a $2 trillion deficit last year, either.
But hey, all is well!
/s
start comparing it to trump's economy in the last year of his term...
It goes so well with his Merry Christmas greetings that his 'enemies' rot in hell.
those greetings were a big hit with his fake xtian supporters...
The bearish forecasters have been completely wrong. The stock market is rebounding, jobs are up, wages are up and spending is still robust, but slowing to bring inflation down. None of this is good news for Trump and his populist cult followers.
[deleted]
For the wordsmiths among us, this is what Trump is quoted saying:
Not really the same as "I hope the economy crashes this year", is it?
Now, hopefully people won't be bamboozled by the misleading headline.
Perhaps a Bidenista can explain how Bidenomics is such a roaring success that we only had to borrow $2 TRILLION last year just to fund Traitor Joe's pet projects.
I want everyone to do themselves a favor.
Whenever they tell you that Trump said something, go get the exact quote.
Here:
“When there’s a crash, I hope it’s going to be during this next 12 months because I don’t want to be Herbert Hoover."
Trump says he ‘doesn’t want to be Herbert Hoover,’ so he wants the economy to crash (msn.com)
In terms that any honest human being can understand, the Biden economy is a fragile mess and if it is going to crash, Trump would prefer it happens now rather than into his second term. They try and twist everything he says.