Let’s begin our day with a bonkers tweet that is, well, instructive:
The Trump Economy is setting records, and has a long way up to go….However, if anyone but me takes over in 2020 (I know the competition very well), there will be a Market Crash the likes of which has not been seen before! KEEP AMERICA GREAT
— Donald J. Trump (@realDonaldTrump) June 15, 2019
Prznint Stupid, who (ALLEGEDLY!) is going to announce his official entry in the 2020 Goat Rodeo on Tuesday (did he ever stop campaigning?), threatened us that the stock market will crash if we serfs do not re-elect him.
He’s done variations on that theme before:
Had the opposition party (no, not the Media) won the election, the Stock Market would be down at least 10,000 points by now. We are heading up, up, up!
— Donald J. Trump (@realDonaldTrump) February 19, 2019
…and there’s no way to prove that. That’s the kind of lie that cannot be fact-checked, and he likes those.
The Economy is one of the best in our history, with unemployment at a 50 year low, and the Stock Market ready to again break a record (set by us many times) – & all you heard yesterday, based on a phony story, was Impeachment. You want to see a Stock Market Crash, Impeach Trump!
— Donald J. Trump (@realDonaldTrump) January 19, 2019
So, you can see that Prznint Stupid has been test-driving this stupid talking point on the stock market for a while. He cannot promise anything, but he can frighten a lot. But it does seem like a weird campaign message.
Now, aside from the fact that the stock market is NOT the economy and the banksters and other assorted fat cats would be wiped out (and begging for bailouts again), what can we discern from this?
Here’s the thing: if the King of Misdirection is saying to look over there, don’t look. Keep looking right where you are, at the stock market. There’s something he doesn’t want you to see, and that’s the market is not soaring in spite of what he is saying.
To date, Comrade Trump’s Dow performance trails the gains made under Presidents Obama and Clinton, though he’s doing slightly better than Presidents Reagan and George H. W. Bush; and let’s face it, he’s doing way better than the market-wrecking of Prznint Chimpy McStagger, but that’s a pretty low bar.
Recent headlines depict slowing job growth (if not outright retreat), and Tariffman’s Trade Wars are dampening business enthusiasm, and the Billions for Billionaires tax cut which has lead to a record-breaking $1T+ Amero deficit and subsequent national debt under Prznint Stupid are probably keeping some actual, real-life fiscal hawks up at night.