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Trump Hopes US Economy Will Crash Within the Next Year

  

Category:  News & Politics

Via:  jbb  •  2 months ago  •  33 comments

By:   Jennifer Sor (Business Insider)

Trump Hopes US Economy Will Crash Within the Next Year
"When there's a crash, I hope it's going to be during this next 12 months because I don't want a Herbert Hoover," Trump said.

S E E D E D   C O N T E N T


Jennifer Sor 2024-01-09

  • Former President Donald Trump said he hopes the US economy will crash within the next year.
  • That's to avoid being a "Herbert Hoover," who was president when the Great Depression began.
  • Wall Street, though, is warming up to the possibility of a soft landing as inflation cools.

Former President Donald Trump hopes the US economy will crash within the 12 months so he doesn't get the blame for a downturn if he wins a second term.

In a televised interview on Monday, he also said the economy is fragile and "running off of the fumes" of his accomplishments in his first term.

That came just days after fresh signs that the labor market remains robust, with the economy adding a higher-than-expected 216,000 jobs in December.

"When there's a crash, I hope it's going to be during this next 12 months because I don't want a Herbert Hoover," Trump told Lindell TV, according to CNN. "The one president - I just don't want to be Herbert Hoover."

Hoover's presidency was marred by economic turmoil in 1929, when the stock market experienced its most notorious crash and the Great Depression began. He held just one term as president, before handing over the reins to Franklin Roosevelt in 1933.

The US economy remained strong in the third quarter, with GDP growing 4.9% year over year. For the fourth quarter, growth is expected to have cooled, but still positive at a 1.3% clip, according to the Fed's survey of professional forecasters.

Despite seeing stocks surge to end 2023, Wall Street's most bearish commentators have been ringing the alarm for a potential crash in the market.

But experts are generally warming up to the possibility of a continued stock rally and a soft-landing, as inflation continues to cool and economic activity remains resilient.

Economists surveyed by Bloomberg expect inflation to have ticked higher to 3.2% in December - still well-below the highs notched during the summer of 2022.


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JBB
Professor Principal
1  seeder  JBB    2 months ago

original

 
 
 
Right Down the Center
Junior Guide
1.1  Right Down the Center  replied to  JBB @1    2 months ago

 6oh437.jpg

 
 
 
JBB
Professor Principal
1.1.1  seeder  JBB  replied to  Right Down the Center @1.1    2 months ago

I get it...

original

 
 
 
Right Down the Center
Junior Guide
1.1.2  Right Down the Center  replied to  JBB @1.1.1    2 months ago

FxAKpu_WIBU7Cbf.jpg

 
 
 
JBB
Professor Principal
1.1.3  seeder  JBB  replied to  Right Down the Center @1.1.2    2 months ago

original

 
 
 
Right Down the Center
Junior Guide
1.1.4  Right Down the Center  replied to  JBB @1.1.3    2 months ago

5rfmmk.jpg

 
 
 
Greg Jones
Professor Participates
1.1.5  Greg Jones  replied to  JBB @1.1.3    2 months ago

afb011024dAPR-800x0.jpg

 
 
 
Just Jim NC TttH
Professor Principal
1.1.6  Just Jim NC TttH  replied to  Right Down the Center @1.1.4    2 months ago

256

 
 
 
MrFrost
Professor Expert
2  MrFrost    2 months ago

"America First" my ass. He cares only about himself, anyone that thinks otherwise is an idiot. 

 
 
 
Trout Giggles
Professor Principal
2.1  Trout Giggles  replied to  MrFrost @2    2 months ago

but....but...but...He did so many great things for America!

 
 
 
devangelical
Professor Principal
2.1.1  devangelical  replied to  Trout Giggles @2.1    2 months ago

I've got some hopes and dreams for that POS in 2024...

 
 
 
Trout Giggles
Professor Principal
2.1.2  Trout Giggles  replied to  devangelical @2.1.1    2 months ago

Oh I can't wait for my measly tax cut jrSmiley_99_smiley_image.jpg

 
 
 
Tessylo
Professor Principal
2.1.3  Tessylo  replied to  Trout Giggles @2.1.2    2 months ago

His hoping the economy crashes along with his Christmas wishes that we rot in hell and I don't recall his New Year's blessings.  jrSmiley_80_smiley_image.gif

I'm so sick of this bully and his calling for bedlam and violence in his name which his cult/enablers/supporters/defendersoftheindefensible are all too happy to carry out for him.

 
 
 
Tessylo
Professor Principal
2.1.4  Tessylo  replied to  Trout Giggles @2.1    2 months ago

So many great things TO America.

 
 
 
Just Jim NC TttH
Professor Principal
2.1.5  Just Jim NC TttH  replied to  Trout Giggles @2.1    2 months ago

[deleted]

 
 
 
Trout Giggles
Professor Principal
2.1.6  Trout Giggles  replied to  Tessylo @2.1.3    2 months ago

I'm already going to rot in hell but I'm saving him a seat

 
 
 
devangelical
Professor Principal
2.1.7  devangelical  replied to  Trout Giggles @2.1.6    2 months ago

does that seat look like a 5 foot long, 1.5 inch diameter piece of rebar heated to 800 degrees?

 
 
 
Trout Giggles
Professor Principal
2.1.8  Trout Giggles  replied to  devangelical @2.1.7    one month ago

Yes

 
 
 
goose is back
Sophomore Silent
2.2  goose is back  replied to  MrFrost @2    one month ago
"America First" my ass

Oh.....Traitor Joe has done some much, here let me list them:

1. hmm

2.ahh

3. well

4. not so much

Ok, never mind he's accomplished nothing other than increased inflation, increased criminal aliens if our country and ballooned the national deficit 

 
 
 
Kavika
Professor Principal
3  Kavika     2 months ago

The ''America First'' President wants our economy to crash. How ''AMERICAN'' of him. /s

 
 
 
devangelical
Professor Principal
3.1  devangelical  replied to  Kavika @3    2 months ago

trump and his supporters are the only people on the planet ignoring the latest US economic data...

 
 
 
Texan1211
Professor Principal
3.1.1  Texan1211  replied to  devangelical @3.1    2 months ago
trump and his supporters are the only people on the planet ignoring the latest US economic data...

The economy is going so great that Traitor Joe is STILL trying to erase legal debts for millions despite taking all the credit for the "successes" of Bidenomics.

Maybe the economy isn't so great for everyone, eh?

The economy also wasn't big enough to allow us to forego a $2 trillion deficit last year, either.

But hey, all is well!

/s

 
 
 
devangelical
Professor Principal
3.1.2  devangelical  replied to  Texan1211 @3.1.1    2 months ago

start comparing it to trump's economy in the last year of his term...

 
 
 
Tessylo
Professor Principal
3.2  Tessylo  replied to  Kavika @3    2 months ago

It goes so well with his Merry Christmas greetings that his 'enemies' rot in hell.

 
 
 
devangelical
Professor Principal
3.2.1  devangelical  replied to  Tessylo @3.2    2 months ago

those greetings were a big hit with his fake xtian supporters...

 
 
 
evilone
Professor Guide
4  evilone    2 months ago

The bearish forecasters have been completely wrong. The stock market is rebounding, jobs are up, wages are up and spending is still robust, but slowing to bring inflation down. None of this is good news for Trump and his populist cult followers. 

 
 
 
JBB
Professor Principal
4.1  seeder  JBB  replied to  evilone @4    2 months ago

original

 
 
 
Right Down the Center
Junior Guide
4.1.1  Right Down the Center  replied to  JBB @4.1    2 months ago

6uvxzq.jpg

 
 
 
JBB
Professor Principal
5  seeder  JBB    2 months ago

[deleted]

 
 
 
Right Down the Center
Junior Guide
5.1  Right Down the Center  replied to  JBB @5    2 months ago

4o40pp.jpg

 
 
 
Texan1211
Professor Principal
6  Texan1211    2 months ago

For the wordsmiths among us, this is what Trump is quoted saying:

"When there's a crash, I hope it's going to be during this next 12 months because I don't want a Herbert Hoover," Trump said

Not really the same as "I hope the economy crashes this year", is it?

Now, hopefully people won't be bamboozled by the misleading headline.

 
 
 
Texan1211
Professor Principal
7  Texan1211    2 months ago

Perhaps a Bidenista can explain how Bidenomics is such a roaring success that we only had to borrow $2 TRILLION last year just to fund Traitor Joe's pet projects.

 
 
 
Vic Eldred
Professor Principal
8  Vic Eldred    2 months ago

I want everyone to do themselves a favor.

Whenever they tell you that Trump said something, go get the exact quote.

Here:

“When there’s a crash, I hope it’s going to be during this next 12 months because I don’t want to be Herbert Hoover."

Trump says he ‘doesn’t want to be Herbert Hoover,’ so he wants the economy to crash (msn.com)

In terms that any honest human being can understand, the Biden economy is a fragile mess and if it is going to crash, Trump would prefer it happens now rather than into his second term. They try and twist everything he says.

 
 

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