Trump predicts stock market crash if he doesn’t win in 2024

Former President Trump on Wednesday predicted a stock market crash if he doesn’t win the November presidential election.

President Trump said at a Fox News town hall in Iowa that he hopes there will be no recession in the next 12 months because he doesn’t want to end up like former President Hoover, who took office in a stable economy. Questioned about past statements, however, he later oversaw the Great Depression.

“To be clear, we’re not expecting a crash, are we?” asked Town Hall moderator Bret Baier.

“No. This is what I think: I think the economy is terrible, except the stock market is going up, and I’m leading Biden in every poll, so the stock market is going up. I think there are,” President Trump said.

Trump added: “If I don’t win, I think there will be a crash.” “I say that, but I don’t want to be Herbert Hoover.”

Trump, a front-runner for the 2024 Republican nomination, was interviewed by former Fox Business Network host Lou Dobbs on the network founded by My Pillow founder Mike Lindell. In an interview broadcast Monday night, the former president described the economy as “fragile.”

“And I hope that happens over the next 12 months because I don’t want to be Herbert Hoover when the crash happens,” Trump added. “The only president I don’t want to be is Herbert Hoover.”

Hoover had been president for only a few months when the stock market crashed in 1929, causing the Great Depression.

Biden aides and other Democrats have used the remarks to show that Trump doesn’t care about average American workers and is only concerned about his own political fortunes. insisted.

Immediately after Trump’s town hall remarks, the Biden campaign sent an email to supporters with the subject line: “Donald Trump is already Herbert Hoover.”

The economy has been a strength for President Trump with voters, with polls showing most Americans trust him more than Biden on this issue.

But Biden’s aides have repeatedly insisted that the president’s economic plan is working, pointing to steadily declining inflation, strong job numbers and continued growth that beats expectations. The stock market hit an all-time high in mid-December.