A fresh CNN compilation highlights just how inaccurate the president has been. Donald Trump has stood true regarding his economic forecasts.
Last year, Trump pledged that he would "kick off an entirely new Trump economic upturn" immediately after winning the election.
“I’m sure it will explode with growth!” he declared. “We’re going to revitalize this nation at an incredible pace.”
Instead, it has failed as the market plummeted from record highs during the tenure of the previous president. Joe Biden In his last weeks, as opposed to weeks filled with losses following Trump's announcement of tariffs and other trade-war tactics.
Stocks plummeted once more on Thursday, continuing the downturn in the market. reached “correction” territory which occurs when significant indices fall by 10%.
Paradoxically, that’s exactly what Trump stated would occur... should he be defeated.
In 2020, he stated that if Biden emerged victorious, stocks would "plunge."
The Dow hit a record high of 31,188 on Inauguration Day with President Biden — and kept climbing, reaching over 45,000 in December 2024.
Last year, Trump also sounded alarms about an impending "Kamala economic collapse," as shown in the CNN compilation highlighting his predictions. Kamala Harris won the election.
Take a look at the supercut below:
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