The administration is in the awkward position of explaining why Trump's election didn't lead to the promised economic boost.
The economy is showing severe warning signs after Trump's first month in office. This shouldn't be surprising. He doesn't understand the economy and tanked pretty much every business he ever touched. youtu.be/zbh9SW5Cgqg? ...
-- Robert Reich (@rbreich.bsky.social) March 14, 2025 at 4:07 PM
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Trump predicts stock market crash if he doesn't win in 2024 (January 2024)
thehill.com
...Former President Trump on Wednesday predicted there would be a stock market crash if he does not win the presidential election in November.
Trump was asked at a Fox News town hall in Iowa about his previous comments in which he said he hoped any economic downturn would happen in the next 12 months because he did not want to be like former President Hoover, who took office during a stable economy but later oversaw the Great Depression.
"You're not saying you're hoping for a crash, just to be clear?" town hall moderator Bret Baier asked.
"No. I think this. I think the economy is horrible, except the stock market is going up, and I think the stock market is going up because I'm leading Biden in all of the polls," Trump said.
"I think there will be a crash if I don't win," Trump added. "And I say that, and I do not want to be Herbert Hoover." ...
"as of Jan. 31, provided home-retention options to approximately 8.5 million homeowners since 2020. Imagine the economic and housing-market fallout if these homeowners went into foreclosure."
www.wsj.com
US should have had a Great Depression with 8.5 million foreclosures under Biden but he covered it up with federal spending, paying off millionaires mortgages.
Incredible.
Now Trump is gonna take it on the chin.
@#7 ... US should have had a Great Depression with 8.5 million foreclosures under Biden ...
Foreclosure rate in the United States from 2005 to 2024
www.statista.com
... The foreclosure rate in the United States has experienced significant fluctuations over the past two decades, reaching its peak in 2010 at 2.23 percent following the financial crisis.
Since then, the rate has steadily declined, with a notable drop to 0.11 percent in 2021 due to government interventions during the COVID-19 pandemic.
In 2024, the rate stood slightly higher at 0.23 percent but remained well below historical averages, indicating a relatively stable housing market. ...
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