Trump 1.0 and during his 2021-2025 “vacation” never missed an opportunity to directly blame President Biden for any significant financial market sell offs despite the fact that, for example, the S&P 500’s growth rate under Democrats is 10% compared with 6.7% under Republicans. Trump posted on True Social in July 2020: “If you want your 401k’s and stocks…to disintegrate and disappear, vote for the Radical Left Do Nothing Democrats and Corrupt Joe Biden,” In reality, reported CNN, “with Biden in the White House, the US stock market not only preserved those Trump-era gains, but generated even more massive ones for millions of Americans’ 401(k) plans, nest eggs and college savings plans.”
But now with the markets lately off by significant percentage points, Trump is now apparently has changed, he’s now Future Man! Stock market? Schmockmarket! Just wait a few years, it’ll come back. Here’s what he told FOX News’ Maria Bartiromo, on a show called – speaking of the future – Sunday Morning Futures. Introducing Future Man . . .
BARTIROMO: Before you came into the Oval Office the first time, you were a very successful businessman, very successful real estate executive. And a lot of people said, oh, this is the business president. This is it. He’s watching the stock market. He knows all about — he doesn’t want the market to go down. And now we have got tariffs, and the market has been going down.
TRUMP: Well, not much, I mean, in all fairness, not much.
BARTIROMO: You said, look, we’re going to have a disruption, but we’re OK with that. Is that what you meant? The stock market going down was the disruption?
TRUMP: There will be a little disruption.
BARTIROMO: What other disruption were you alluding to?
TRUMP: Look, what I have to do is build a strong country. You can’t really watch the stock market. If you look at China, they have a 100-year perspective. We have a quarter. We go by quarters.
BARTIROMO: That’s true.
TRUMP: And you can’t go by that. You have to do what’s right. What we’re doing is, we’re building a tremendous foundation for the future, tremendous foundation. Everything’s been taken away. We don’t make ships anymore.
WTF. We don’t make ships any more?? Is there anything going on inside his skull?