Trump Predicted That if Biden Got Elected, He Would Crash the Stock Market

During the 2020 campaign, President Trump warned voters that the stock market would crash and if things were to break even for the rest of the year, this would be the worst year ever for stocks. In his first 612 days, the NASDAQ gained 44.17%. In Biden’s first 612 days it lost 19.24%.

Nasdaq Performance 612 days in office

President Trump: +44.17
President Biden: -19.24%pic.twitter.com/DOitQP1a7h

— InteractivePolls (@IAPolls2022) September 23, 2022

The Dow Jones average had reached a record of  36,952.65. Today it sits at 29,590.41. It has crashed by 7,362.24. Do you know just how devastating this will be for people’s 401k? Some people may find it difficult to retire at 65 because they need more money coming in. The White House still insists this is the best the economy has ever been. Either they are total fools or they think we are. With inflation, food, and gasoline prices, many people’s take-home pay will not take them home.

The Federal Reserve just raised interest rates by three-quarters of a point and the Doe dropped 1000 points. They also said that they plan on continuing to raise rates to fight inflation and discourage people and businesses from borrowing. That will increase the credit card debt that you already have. Just what you needed right now, isn’t it?

From The Daily Wire

Price levels between August 2021 and August 2022 rose 8.3%, according to data from the Bureau of Labor Statistics, marking a slight moderation from an 8.5% year-over-year increase in July and a 9.1% year-over-year increase in June. Despite the moderation in year-over-year inflation, month-to-month prices for food, shelter, and medical services ticked upward, while core inflation — a metric that excludes food and energy, which tend to be more volatile — continued to rise.

Officials from the Biden administration have nevertheless claimed that the economy is strong. When Fox News correspondent Peter Doocy pressed White House Press Secretary Karine Jean-Pierre on a poll showing that 83% of Americans believe the economy is “poor or not so good” earlier this year, she doubled down on the notion that the economy has improved since Biden assumed office.

“What I’m trying to say to you is that the economy is in a better place than it has been historically,” Jean-Pierre said. “And so, we feel, here at this administration and other experts as well … we feel that we are in a good position to take on inflation. We are in a good position to really start really working on lowering prices.”