Former President Donald Trump has consistently claimed credit for stock market rallies, attributing them to his potential electoral victory in the 2024 presidential election. However, he has been quick to deflect any responsibility for market downturns, blaming them on current President Joe Biden and Vice President Kamala Harris. In several statements, Trump indicated that positive market movements were due to investor confidence in his chances of winning the election.
He asserted, “This is the Trump stock market because my polls against Biden are so good that investors are projecting that I will win, and that will drive the market up.”
Despite this confidence, Trump did not shy away from criticizing the current administration. “The stock market is, in a sense, crashing. The numbers are very bad.
This is Bidenomics.
Trump’s take on stock market
It’s catching up with him,” he said.
At various events, including the National Rifle Association Convention and campaign rallies, Trump reinforced his narrative that economic fluctuations correlated directly with his political fortunes. He said, “High interest rates and inflation are choking our great middle class, and our stock market is rising only because polls are strongly indicating that we will win the presidential election of 2024.”
Commenting on stock market downturns, Trump stated, “Stock markets crashing. I told you so! Kamala doesn’t have a clue.
Biden is sound asleep. All caused by inept U.S. leadership!” He further warned, “If Harris wins this election, the result will be a Kamala economic crash, akin to the 1929 depression. When I win the election, we will immediately begin a brand new Trump economic boom.”
Trump’s comments often referenced his broader economic policies, including tariffs.
He defended these during a joint session of Congress, stating, “Tariffs are about making America rich again and making America great again, and it’s happening and it will happen rather quickly.”
In conclusion, Trump’s narrative links market performance closely to his political success and disassociates any negative outcomes from his policies, attributing them instead to the current administration’s actions.
Photo by; Aditya Vyas on Unsplash
