After blaming the Feds for the stock market tanking yesterday, Trump took to Twitter today to accuse the media of wanting to crash the economy in hopes it will hurt Trump’s chance of being re-elected in 2020.
..Spread is way too much as other countries say THANK YOU to clueless Jay Powell and the Federal Reserve. Germany, and many others, are playing the game! CRAZY INVERTED YIELD CURVE! We should easily be reaping big Rewards & Gains, but the Fed is holding us back. We will Win!— Donald J. Trump (@realDonaldTrump) August 14, 2019
The Fake News Media is doing everything they can to crash the economy because they think that will be bad for me and my re-election. The problem they have is that the economy is way too strong and we will soon be winning big on Trade, and everyone knows that, including China!— Donald J. Trump (@realDonaldTrump) August 15, 2019
The stock market has faced many challenges this month. Yesterday, the DOW had its worst day of 2019 dropping 800 points or 3 percent.
Economists fear a recession is just around the corner “fueled in part by concerns over the U.S. trade war with China.”
Although the DOW has not officially closed for the day, it’s down but not by nearly what it suffered yesterday.