Downward Angle Icon An icon in the shape of an angle pointing downwards. Donald Trump was accused of receiving at least $7.8 million in foreign payments for his businesses during his presidency, according to a report published by Democrats on the House Oversight Committee on January 4. Joe Raddle via Getty ImagesThank you for reading this post, don't forget to subscribe!
- Former President Donald Trump said on Wednesday that the stock market is performing well at the moment.
- The only reason, he said, is that he is leading Biden in the polls.
- “If he loses in 2024, I think the stock market will crash,” he said.
Republican former President Donald Trump said he believes the only reason the stock market is doing well is because of his success in the elections.
Trump made the claim Wednesday night at a town hall-style media event hosted by Fox News in Iowa, timed to coincide with CNN’s Republican presidential debate between Florida Governor Ron DeSantis and former South Carolina Governor Nikki Haley. Was.
At the town hall, Fox News host Brett Baier brought up a recent comment from Trump about the stock market. “When there’s a disaster — I hope it happens during the next 12 months because I don’t want to be Herbert Hoover,” Trump said in an interview earlier this week.
In response to Baer’s question, Trump said he is not expecting a crash, he just thinks “the economy is terrible other than the stock market going up.”
The former president said he believes the only reason for the stock market’s condition right now is his lead in the polls as he faces off against the presumptive 2024 Democratic nominee, President Joe Biden.
He added, “But I will say this, we have a situation that I believe the stock market goes up because I’m leading.” “I think if I hadn’t been leading, the stock market would have been down 25%. And I think honestly, if I hadn’t won, I think the stock market would have crashed, I believe. “
Although there is little to support Trump’s claims about the stock market, a December 2023 MarketWatch report stated that in nearly 3 years in office, the S&P 500 index is about 17 percentage points higher under Trump than under Biden. gone up.
During his presidency, Trump often bragged about the performance of the stock market. Days after he lost the 2020 election to Biden, he gave a one-minute press conference almost entirely about the Dow Jones Industrial Average.
Trump said at the time, “The stock market just broke the 30,000 mark. This number has never been broken. It’s a sacred number: 30,000. No one thought they’d ever see it.”
This sudden appearance stunned reporters at the White House.
After Trump left the press room, an unseen reporter was recorded saying, “Well, that was totally awkward.”