Trump Refuses To Take Responsibility For Stock Market, Blames “Crashing Economy” On “The Fake News Media”

What a dummy.


585
585 points

On Wednesday, stocks in the Dow Jones Industrial Average showed its worst performance of 2019 after the bond market flashed a troubling signal about the U.S. economy, thus leading to speculation by economists, investors, and market observers of a risking risk of a recession. The sell-off on Wednesday came after the yield on 10-year U.S. Treasury bonds fell below the yield on two-year bonds for the first time since 2007 when the previous recession began.

So, this is what people were talking about that caused a swift response, pointing to Trump’s policies: When a 10-year bonds trade for less than two-year bonds, that inversion is considered a leading indicator of a possible economic downturn in the next 12 to 18 months, thus possibly harming Trump’s  chances of a reelection. And this, after Trump’s tax gift to the wealthy and his failed tariff war.

With his re-election campaign on the line, and after riding the coattails of former president Barack Obama’s economy, Trump took to Twitter to blame the “Fake News Media” because that’s what he does instead of taking responsibility.

“The Fake News Media is doing everything they can to crash the economy because they think that will be bad for me and my re-election,” It tweeted. “The problem they have is that the economy is way too strong and we will soon be winning big on Trade, and everyone knows that, including China!”

The backlash on Twitter was swift.

This is embarrassing. Most Americans saw this coming but the lint-licking, incompetent “president” has failed to listen to experts and even his own advisers. The yield curve inversion, which the media accurately reported, follows the former reality show star’s decision Tuesday to delay further tariffs on China until after the holiday shopping season, reflecting mounting fears that the trade war could derail the U.S. economy. So, Trump inadvertently admitted that his tariffs will be paid for by Americans.

Featured image via screen capture

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585 points
Conover Kennard
Conover makes tea partiers cry as a hobby. She was Commander of Jade Helm15 during the failed takeover of the South. She's also one of the biggest arseholes on Twitter. At night, she can be found drinking Conservative tears while pulling off the wings of flies just because she can. She is the founder of a Marxist, Commie, Maoist, Socialist site and has contributed to several other sites, blah blah blah. She is an awful person but she doesn't like to brag about that.

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