Thursday, March 27, 2025
His Own Special Seal
Thursday, March 20, 2025
Failed Prognosticator
A new CNN video clip shows just how far off the mark President Donald Trump has been with his economic predictions. Trump last year promised he would “immediately begin a brand-new Trump economic boom” if he won the election. “It’ll be a boom!” he vowed. “We’re gonna turn this country around so fast.”
Instead, it’s been a bust as the market plunged from record highs in former President Joe Biden’s final weeks, to weeks of losses since Trump announced tariffs and other trade war measures.
Stocks
tanked yet again on Thursday, and the market reached “correction”
territory, which is when major indexes drop by 10%.
Ironically, that’s just what Trump said would happen... if he lost. He said it in 2020, predicting that stocks “will go to hell” if Biden won.
The Dow
reached a then-all-time-high of 31,188 on Biden’s inauguration ― and continued
to rise, peaking above 45,000 in December 2024.
Trump
issued similar warnings last year, with the CNN video clip showing him
predicting a “Kamala economic crash” if then-Vice President Kamala
Harris won the election.
~.~.~.~.~.~.~.~.~
HuffPost - 3/13/2025

