Americans typically vote with their pocketbooks, which leaves President Donald Trump in the catbird seat in 2020, given the robust economy.
Not that you hear much about the strong job growth and record-low unemployment rates in the media amid all the doomsayers complaining that Trump’s trade policies are going to bring on an economic Armageddon — the success of the threat of tariffs in getting Mexico to engage in stopping the flow of humanity to the southern border notwithstanding.
But the president understands his strength going into next year’s election and took to Twitter Saturday to warn that if a Democrat somehow manages to beat him “there will be a Market Crash the likes of which has not been seen before!”
“The Trump Economy is setting records and has a long way up to go…However, if anyone but me takes over in 2020 (I know the competition very well), there will be a Market Crash the likes of which has not been seen before! KEEP AMERICA GREAT,” he tweeted.
There were plenty of worries of economic doom if Trump was elected president, but things didn’t pan out quite the way critics expected.
The Dow Jones Industrial Average was at 18,259.60 at the close of business the day before the 2016 election, and stands at 26,089.61 as of the close of business Friday.
Jack Lew, who was former President Barack Obama’s treasury secretary, explained in an interview with Politico Magazine he was fearful of joining with fellow Democrats at a Manhattan victory party for Hillary Clinton because, in the remote prospect Trump won, “the shock could be a black swan moment,” as the magazine described it.
“I had a bad feeling before the election,” Lew recalled.“I voted absentee, because I thought I just had to kind of be there if something unsettling happened, if there was a market reaction.”
And there was a reaction, just not the one Lew foresaw.
You could say Wall Street welcomed Trump “with a bang,” as described by CNN the day following the election.
More from the Trump-hating network on Wednesday, Nov. 9, 2016:
“That didn’t take long. An overnight panic in global markets evaporated as Wall Street gave an emphatic welcome to President-elect Donald Trump.
“The Dow soared 257 points and brushed up against lifetime highs on Wednesday, in defiance of those who predicted Trump’s election would bring about a plunge in the stock market.”
With the news of 3.2% 1st quarter GDP growth in 2019, even MSNBC was gushing on what a “beautiful number” that was, calling it a “strong start to the fiscal year.”
The terms “incredible” and extraordinary” were also bandied about.
MSNBC calls 1st quarter 3.2% GDP growth “beautiful” “strong” “extraordinary" and “incredible."
This is an unmistakable win for the Trump administration. His policies win! pic.twitter.com/kVXLrGHN6v
— Robby Starbuck (@robbystarbuck) April 26, 2019
President Trump touted the economy’s strong showing in speaking with reporters at the White House after the numbers were released in late April.
“The country though is doing very well in every respect,” he said.
“We’re knocking it out of the park,” he added. “The numbers are far higher than the high expectations.”
But expect to hear little more than` doom and gloom in the media, with China at the forefront of those reports as the experts warn of an impending collapse — all the way up until November 3, 2020.
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