Donald Trump hopes economy will 'crash' as 2024 election looms
By: nypost (New York Post)
S E E D E D C O N T E N T
Donald Trump said he's hoping for an economic crash within the next 12 months to improve his chances of beating Joe Biden in the November presidential election.
"When there's a crash, I hope it's going to be during these next 12 months, because I don't want to be Herbert Hoover," Trump said during Monday's episode of "Lou Dobbs Tonight."
"The one president — I just don't want to be Herbert Hoover," added Trump, the current frontrunner in the GOP presidential primary race, referencing the 31st President of the United States.
Hoover's term began in 1929 when the economy was hot, but quickly descended into turmoil with the Great Depression.
Trump continued: "We have an economy that is incredible. We have an economy that is so fragile. And the only reason it's running now is it's running off the fumes of what we did — what the Trump administration did. It's just running off the fumes."
4On Monday's episode of "Lou Dobbs Tonight," Donald Trump said he hopes there's going to be an economic crash within the next 12 months to improve his chances of winning the 2024 presidential election. Mike Lindell/X
Biden had blasted his Republican rival last month during remarks at a campaign reception in Boston, likening Trump to Hoover.
"In the four years Donald Trump was president — and he's the only president other than Herbert Hoover who actually lost jobs in a four-year period. And that's why I often…think of him as Donald 'Herbert Hoover' Trump," Biden said.
The US economy, meanwhile, has remained surprisingly resilient as the Federal Reserve has hiked interest rates to a 22-year high in hopes of spurring an economic slowdown that would tamp down inflation to central bankers' 2% goal.
4Trump said he doesn't want to be like Herbert Hoover, the 31st president who took office just as the Great Depression battered the US. ASSOCIATED PRESS
Just last week, the Labor Department released December's jobs report, which blew past expectations and showed that employers added 216,000 jobs to the economy — well above the 170,000 payroll gains economists expected, according to Refinitiv data.
Trump, meanwhile, told Dobbs: "I think the country is in the greatest danger it's ever been."
"To a large extent, a big portion of that is because we have a leader that doesn't know what to do," he added, noting that there was "no money going to Hamas, no money going to Hezbollah" before Biden took office.
Dobbs, a former Fox Business personality and vocal Trump supporter, asked the 77-year-old businessman-turned-politician what he plans to do to help citizens who are financially struggling should be take office.
"What we will be doing is we will be drilling, we will be reducing energy, that will bring down inflation, that will bring down interest rates," Trump said, pointing to the Keystone XL crude oil pipeline.
The proposed pipeline — which would run through Alberta, Canada and Nebraska — was set set to move up to 830,000 barrels (35 million gallons) of crude daily, was championed by Trump. But shortly after Biden took office in 2021, he canceled the pipeline's border crossing permit over longstanding concerns that burning oil sands crude could make climate change worse and harder to reverse.
During the interview, which aired on right-wing streaming platform FrankSpeech on Monday night, Trump claimed that his administration created a better economy than Biden's.
4President Joe Biden, meanwhile, has likened his Republican rival to Hoover. "I often…think of him as Donald 'Herbert Hoover' Trump," Biden said during campaign remarks in Boston last month. AFP via Getty Images
"Inflation — at a level we haven't seen in 70 years," Trump said.
Per the latest Consumer Price Index reading — which tracks changes in the costs of everyday goods and services — US inflation rose 3.1% in November.
Though it was the lowest monthly advance since June, the figure was still well above the Fed's 2% target.
4Thus far in Biden's term, inflation has risen an average of 5.9% per year. Under Trump, inflation averaged 1.9% during each year of his four-year term. U.S. BLS
The three-year inflation rate under Biden, who took office three years ago, is 17.2% — an average of 5.9% per year.
Under Trump, inflation averaged 1.9% during each year of his presidency — or 7.6% over the course of his four-year term.
More delusion.
Only thing delusional is the left's view of the border, economy, and how bad things are abroad.
https://adamisacson.com/december-2023-set-a-new-u-s-mexico-border-monthly-migration-record/#:~:text=29%2C%202023%20%E2%80%94%200-,December%202023%20Set%20a%20New%20U.S.%2DMexico%20Border%20Monthly%20Migration,first%2027%20days%20of%20December .
Russia, Ukraine, Houthi, Iran, Hezbollah, China, and North Korea all appreciate Brandon's pathetic leadership on the world stage.
That is reality.
What kind of person openly admits he wants the economy to crash?
The kind of person who should not hold office.
But this also illustrates how media works and how comments need to be taken in context. Trump is being hammered because
Yet in looking in the article, the only thing that Trump actually said is that he hopes it happens this year because he would hate for it to happen after he was elected, that would make him like Hoover.
It's shit for brains comments that cause a lot of people to dump on Trump, from me this speaks more to his ego. My takeaway is that he expects to win in November and he expects a recession is coming so he would rather it happen before he takes office so that he doesn't have to be associated with the blame. After all, it's all about Trump in his mind.
LOL. He said it because he knows this year is the election year, not 2025.
Yeah, I said that. As I said in the last paragraph that you left out, for Trump it's all about him and his image. He doesn't want the recession to happen on his watch because he's such a financial genus. That's what he tells us after all and a recession during his administration would badly reflect on him.
I searched on YouTube for the Lou Dobbs segment but couldn't find one. The only place that indicates a recession in 2024 helps his chances of re-election is the tweet from Mike Lindell. I cannot find anything to show that Trump himself said those words.
He does realize, doesn't he, that if the economy tanks in 2024 and he's elected....he inherits the mess? He could be the next FDR!!!!!!
He would blame the Biden administration for everything that goes wrong in 2025 and praise himself for everything that goes good. We have seen this movie too many times.
True, but in his mind he would not be blamed for the economy tanking. And I think the only reason he hates FDR happened when he became a Republican and thought it was necessary.
That unfortunately is presidential politics. We've seen that play out many times where the current administration blames problems on the prior administration. Hell, how many things have gone wrong in the past 3 years for Biden and his administration was right there blaming the issue on the Trump administration. It's politics.
And Obama did it to GW bush
Has Trump ever said anything that was honest at face value? Of course not. Just like how he massively overvalues or undervalues his properties to play towards his advantage with no understanding of the consequences, he will say literally anything that appeases the uninformed masses with zero concern about the outfall. If Trump is what the country wants, we may as well just put a bullet in our heads right now.
It is irresponsible verbiage. Trump goes on FOX and lets it out, . . .signals,. . . his WISH for "the Faithful" politicians and corporations alike to do what they can to let the economy flop now. . . so he will look like a hero coming in to save it! That monstrosity of a man literally is doing what he can to INJECT influential "toxic" forces into the economy.
That anybody would want such a silly, diabolical, monster-man (with warts and all) to come back into the public servant sphere (he is no public servant really) is more than pathetic. I have never seen anybody in living U.S. history as DIRTY, IGNORANT, ARROGANT, AND LOW-DOWN to his fellow human-beings as Donald J. Trump. If I never see or hear from Trump again. . . it would be a day to soon!