Former President Donald Trump predicted the US economy would “crash,” saying he hoped it would do so within the next year – before he would assume the Oval Office should he win a second term in November.

“When there’s a crash, I hope it’s going to be during this next 12 months because I don’t want to be Herbert Hoover. The one president – I just don’t want to be Herbert Hoover,” Trump said in an interview that aired Monday on the right-wing platform Lindell TV.

The US stock market crashed during former President Herbert Hoover’s first year in office in 1929, which signaled the beginning of the Great Depression.

The comments come as the front-runner for the Republican nomination looks to drive home his message on the economy – and criticism of President Joe Biden – with less than a week to go until Iowa’s pivotal caucuses.

  • @paddirn@lemmy.world
    link
    fedilink
    English
    1076 months ago

    I also hope a fatal heart attack would happen before he could serve a possible second term as well.

  • @800XL@lemmy.world
    link
    fedilink
    316 months ago

    This is a sorry spoiled horse’s ass asking corp America to do him a solid and cause a crash. Why? Because it is one of the items on the checklist that makes the waters just right for his orange shirts to start hitting the streets. Just like Germany before his idol came to power.

  • Jessica
    link
    fedilink
    English
    206 months ago

    Lindell TV

    Hahaha!!! That made my day. The thought of the pillow guy having his own internet channel, is hilarious to me. Fuck that guy.

    • @gAlienLifeform@lemmy.world
      link
      fedilink
      46 months ago

      Hoover became a millionaire by helping colonizers mine their colonies and ruining environments for indigenous people living there

  • @Rapidcreek@lemmy.world
    link
    fedilink
    96 months ago

    TBF, Hoover was a sore loser and repeatedly tried to force concessions out of FDR between the election and inauguration, particularly with respect to protecting the gold standard. But that’s as far as it went and FDR was able to just tell him to go pound sand.

  • AutoTL;DRB
    link
    English
    56 months ago

    This is the best summary I could come up with:


    Former President Donald Trump predicted the US economy would “crash,” saying he hoped it would do so within the next year – before he would assume the Oval Office should he win a second term in November.

    The comments come as the front-runner for the Republican nomination looks to drive home his message on the economy – and criticism of President Joe Biden – with less than a week to go until Iowa’s pivotal caucuses.

    “A commander in chief’s duty is to always put the American people first; never to hope that hard-working families suffer economic pain for their own political benefit,” said White House spokesperson Andrew Bates.

    “Republican officials should welcome the economic progress President Biden is delivering, instead of revealing twisted true colors that would shrink the American middle class in the name of their own cynical self-interests.”

    Besides being spared a recession, the US stock market overcame regional banking turmoil, a debt ceiling crisis and geopolitical tensions last year.

    The election threatens to stir up market volatility, though history shows the S&P 500 index tends to gain during the fourth year of presidential terms.


    The original article contains 449 words, the summary contains 184 words. Saved 59%. I’m a bot and I’m open source!

  • Masterblaster
    link
    fedilink
    -26 months ago

    does anyone think there’s enough people that would still vote for this guy to make a difference?

    • Yes do not be complacent, the chance of him running and winning is real and cannot be overlooked looked. Remember due to the electoral college the election will be decided in just a handful of states with margins of a few 10s of thousands votes or less. This election will be decided by just a few 100 thousand voters total.