The #TrumpRecession hashtag is trending on Twitter as the stock market plunges on recession fears while Donald Trump melts down by attacking Federal Reserve chairman Jay Powell.
The fault for this mess isn’t Powell. It’s Donald Trump and the fact that everything he touches dies. The tax cuts for the wealthy and the tariffs aren’t helping the economy. The DOW is set to close down 800 points because the yield on the 10-year Treasury Note fell below the 2-year-rate. The inverted yield curve has historically signaled that a recession is imminent.
Trump tweeted: “We are winning, big time, against China. Companies & jobs are fleeing. Prices to us have not gone up, and in some cases, have come down. China is not our problem, though Hong Kong is not helping. Our problem is with the Fed. Raised too much & too fast. Now too slow to cut.”
Remember when Hillary Clinton warned America that Donald Trump was the wrong person to elect as president? She said all his books end at Chapter 11, meaning he has filed for corporate bankruptcy multiple times. He doesn’t pay his bills, conned students with his Trump University, a tax cheat, serial cheater and pathological liar.
Most rational people on Twitter aren’t buying the nonsense Trump is tweeting. In fact, on Tuesday, he gave up the game by waving a white flag by delaying his latest round of tariffs against China because he doesn’t want to impact Christmas shopping. He falsely claimed on numerous occasions that China would pay the tariffs on goods imported into the U.S., not the American consumers. He walked that back yesterday when he retreated.
Reaction on Twitter to #TrumpRecession hashtag:
A #TrumpRecession hasn't even begun, but we know it's inevitable. He has done more damage to this economy while riding the benefits Obama created and calling them his own.
— Amee Vanderpool (@girlsreallyrule) August 14, 2019
Fucking tariffs are killing us. No one is going to build when jackass has the prices jacked.. #TrumpRecession
— jamie (@gnuman1979) August 14, 2019
— DTruth (@Truthsayer2016_) August 14, 2019
— Kenny3stacks (@kenny3stacks) August 14, 2019
— Yoyo Clemente (@Yoyo_Clemente) August 14, 2019
— PC: United (@PCUnitedPage) August 14, 2019