Stock market gain under Trump vanishes

“Before he was sworn in as president, Donald J. Trump made clear that he would treat the stock market as a crucial yardstick of his success in office,”as The New York Times is reporting.

“’The world was gloomy before I won — there was no hope,’ he wrote on Twitter on Dec. 26, 2016. Since his election, he said, ‘the market is up 10%.’ (It was up, but not that much.)

“In the three years since, Mr. Trump has obsessed over the daily gyrations of the stock market like no president before him. He trumpeted its relentless rise as a validation of his leadership, his financial acumen and his policies. Disappointing days were the fault of Democrats, the media or the Federal Reserve. Stocks, he warned, would crash if he was impeached or ‘if anyone but me takes over in 2020.’

“Now his bragging rights and doomsday threats have evaporated — along with trillions of dollars in wealth.”

The rest of the article is here.

Author: jeffpelline

Jeff Pelline is a veteran editor and award-winning journalist - in print and online. He is publisher of Sierra FoodWineArt magazine and its website SierraCulture.com. Jeff covered business and technology for The San Francisco Chronicle for 12 years, and he was a founding editor and Editor of CNET News for eight years, among other positions. Jeff has a bachelor's degree from UC Berkeley and a master's from Northwestern University. His hobbies include sailing, swimming, and trout fishing in the Sierra.

3 thoughts on “Stock market gain under Trump vanishes”

  1. “U.S. intelligence agencies were issuing ominous, classified warnings in January and February about the global danger posed by the coronavirus while President Trump and lawmakers played down the threat and failed to take action that might have slowed the spread of the pathogen, according to U.S. officials familiar with spy agency reporting.” https://www.washingtonpost.com/national-security/us-intelligence-reports-from-january-and-february-warned-about-a-likely-pandemic/2020/03/20/299d8cda-6ad5-11ea-b5f1-a5a804158597_story.html

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