Politics - News Analysis
Trump Humiliated That the Market Is Booming But His Truth Social Stock Is in the Sh*tter
He can't catch a break.
Trump must be seething. Following the news of a stock market surge of another 200 points on Wednesday Trump was still forced to confront some bad news for his own stock. It’s in the tank.
After the Department of Labor released a report noting that inflation was at its lowest point in three years, the market skyrocketed to 40,008.39, an increase of 242.75 from the previous closing.
Trump’s own stock, however, in Truth Social, took a dive this week after his campaign posted on X in a follow-up to his interview with Elon Musk.
The more the former president utilizes X or other social media platforms to get a message across, instead of Truth Social, the more he’s acknowledging to shareholders that his platform is the least popular.
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Trump tried to turn the good news into bad for Kamala Harris, of course. Consumer prices have not gone down, which Trump blamed on something he called “Kamalanomics.” It’s unclear how he thinks the current vice president is setting any kind of economic policy, but better to just tie her to any bad news in advance, just to be safe, right?
In truth, consumer prices have not gone down because of price gouging by large corporations, and the massive decrease in inflation proves it. Republicans all blamed inflation under Biden (which he actually inherited from the abysmal Trump years) for rising prices in goods and services.
But with this new news about inflation, their argument is in the toilet, just like Trump’s stock.
All of this has to be particularly galling to Trump, especially in the wake of last week’s stock market dip, which he gleefully pinned on the Democratic presidential hopeful. Of course, now that he blamed her for the stock market going one way, logic dictates that he has to credit her for it moving back up.
He won’t, of course. And he shouldn’t. Even top analysts said that the guy who IS in charge (Joe’s still president, everyone) had little to do with anything. The Bank of Japan hiked interest rates, the Federal Reserve moved too slowly on their own decreases in interest rates, and people are investing in unproven technology.
That didn’t stop Trump from blasting her on social media when the market declined:
“Of course there is a massive market downturn. Kamala is even worse than Crooked Joe. Markets will NEVER accept the Radical Left Lunatic that DESTROYED San Francisco and California, as a whole. Next move, THE GREAT DEPRESSION OF 2024! You can’t play games with MARKETS. KAMALA CRASH!!!”
The name didn’t catch on, and that’s a good thing for Trump, because now he’d have to say “Kamala Climb” to reflect the newest numbers.
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