Donald Trump has said he hopes the U.S. economy collapses this year and not during his second term if he wins the U.S. presidential election.
Trump, who is front-runner for the Republican nomination, said in an interview broadcast on an online platform on the 8th, “The U.S. economy is in an unbelievable state. I hope the economic collapse will happen within 12 months from now.” .I don’t want to be Herbert Hoover.”
former president trump
Photographer: Alex Scott/Bloomberg
Mr. Trump has been predicting disaster for the U.S. economy under Mr. Biden since the 2020 presidential campaign, but this has not materialized. Trump last month claimed that unless he is re-elected this year, there will be a Great Depression similar to the one caused by the 1929 stock market crash under President Hoover.
President Hoover was unable to alleviate the widespread unemployment and suffering caused by the Great Depression and lost the 1932 election.
“The American economy is very fragile, and the reason it’s running right now is because of what we’ve done,” Trump said.
US economic indicators are strong. The Dow Jones Industrial Average closed at $37,683 on the 8th, just shy of its all-time high reached last week. The unemployment rate has remained below 4% for nearly two years, and inflation is slowing.
Still, polls show voters are dissatisfied with the Biden administration’s management of the economy. According to a poll conducted by Bloomberg News and Morning Consult in December last year, support for Mr. Trump’s economic policies exceeded Mr. Biden’s by 18 points in key states that will determine the outcome of the election.
Original title:Trump Hopes Any US Market Crash Happens Under Biden And Not Him(excerpt)
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2024-01-09 04:28:47
