by Pa Rock
Citizen Journalist
Donald Trump has spent most of his first year in office primarily doing three things: systematically dismantling programs that benefit Americans and protect the environment, banging out preposterous lies and hate-fueled mini-rages as tweets, and taking credit for any economic good news, most of which was rooted in the actions and policies of his predecessor, Barack Obama. One of the economic successes that Trump has been relentless in claiming credit for is the continuing rise of the stock market, a rise that economists have been quick to point out is actually less impressive than a similar rise that occurred during Obama's first year in office.
But, it's Trump, and from Trump's perspective his "anything" is always bigger than the other guy's.
The stock market has been steadily rising, and Trump knows that is all his doing. But now, that worm seems to have turned and the stock market is showing signs of slipping. Yesterday, in fact, the Dow took its biggest dive in two years, falling 666 points. After claiming every day of the stock market success as his own, Trump may now have difficulty if he tries to blame this week's slide on Obama, or Hillary, or even the media.
Trump has owned the good times, and the bad times must necessarily be his as well. If the stock market has taken its inevitable turn from "bull" to "bear," the economic hard times which are sure to follow will sport Trump's unique brand. In fact, some would argue that yesterday's Dow drop of exactly 666 points is a sure "sign" that Trump owns what is about to happen.
Author Stephen King said it this way in a tweet yesterday:
Trump must own yesterday's stock market results. He literally put his mark on it!
Stephen King would know!
Citizen Journalist
Donald Trump has spent most of his first year in office primarily doing three things: systematically dismantling programs that benefit Americans and protect the environment, banging out preposterous lies and hate-fueled mini-rages as tweets, and taking credit for any economic good news, most of which was rooted in the actions and policies of his predecessor, Barack Obama. One of the economic successes that Trump has been relentless in claiming credit for is the continuing rise of the stock market, a rise that economists have been quick to point out is actually less impressive than a similar rise that occurred during Obama's first year in office.
But, it's Trump, and from Trump's perspective his "anything" is always bigger than the other guy's.
The stock market has been steadily rising, and Trump knows that is all his doing. But now, that worm seems to have turned and the stock market is showing signs of slipping. Yesterday, in fact, the Dow took its biggest dive in two years, falling 666 points. After claiming every day of the stock market success as his own, Trump may now have difficulty if he tries to blame this week's slide on Obama, or Hillary, or even the media.
Trump has owned the good times, and the bad times must necessarily be his as well. If the stock market has taken its inevitable turn from "bull" to "bear," the economic hard times which are sure to follow will sport Trump's unique brand. In fact, some would argue that yesterday's Dow drop of exactly 666 points is a sure "sign" that Trump owns what is about to happen.
Author Stephen King said it this way in a tweet yesterday:
"How much did the Dow drop today? 666 points. Let me say it again: 666. Coincidence? I think not."
Trump must own yesterday's stock market results. He literally put his mark on it!
Stephen King would know!
No comments:
Post a Comment