{"id":36959,"date":"2018-02-05T13:39:59","date_gmt":"2018-02-05T21:39:59","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=36959"},"modified":"2018-02-06T02:16:39","modified_gmt":"2018-02-06T10:16:39","slug":"the-trump-stock-market-meltdown-make-no-mistake-this-is-trumps-fault","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=36959","title":{"rendered":"The Trump Stock Market Meltdown: Make No Mistake, This is Trump’s Fault"},"content":{"rendered":"

The Stock Market closed down today by more than 1,100 points. That would make it almost 2,000 points lower in the last three days. This is the worst decline in over two years. And it totally belongs to Donald Trump.<\/p>\n

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For the past year Trump has been bragging about the performance of the stock market and taking credit for its rise. That was a pretty stupid thing to do given the vast array of influences on the market and its volatility. Particularly when we have been stretching out the second longest bull market in history.<\/p>\n

Three weeks ago, while stocks were still rising, I wrote an article warning that Trump’s bragging would come back to “Bite Him in His Sh*thole Country<\/a><\/strong>.” The article said in part that…<\/p>\n

“It\u2019s always dangerous to rely on stock market performance to validate the economy. There are too many factors that can shift investor sentiment. It is a fluid indicator that could reverse course tomorrow. Indeed, many stock analysts regard the market\u2019s current position as overvalued. These analysts are predicting a ‘correction’<\/em> that could send the markets down significantly.”<\/strong><\/p><\/blockquote>\n

But Trump continued to boast about numbers that he obviously knows nothing about. And now the market is trending lower as if to mock the President’s arrogance. But it needs to be noted that there are tangible reasons why Trump is to blame for this sell off. Many economists are citing something that Trump regards as one of his greatest (only?) accomplishments. And even Trump himself raised it during his speech in Ohio today. When he wasn’t accusing Democrats of “treason”<\/em><\/a><\/strong> for not applauding him at the State of the Union address, he said this:<\/p>\n

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Thanks to the historic TAX CUTS that I signed into law, your paychecks are going way UP, your taxes are going way DOWN, and America is once again OPEN FOR BUSINESS! pic.twitter.com\/GISFbDDGXX<\/a><\/p>\n

— Donald J. Trump (@realDonaldTrump) February 5, 2018<\/a><\/p><\/blockquote>\n