President Donald Trump bragged about his response to the coronavirus on Monday as the stock market fell off a cliff.
Ever since Trump took office he has been taking credit for the stock market, using it as a metric of his performance as president as if it’s the only thing that matters.
But the stock market has been on a downward slide ever since Trump falsely claimed that he had the coronavirus contained and called it a “hoax” that Americans shouldn’t be concerned about.
In fact, it drops like a stone every time Trump opens his mouth about the pandemic, clearly failing time and time again to calm the panic that has taken hold.
On Monday, Trump once again held a presser about the coronavirus, and despite his pathetic failed response that has resulted in over 4,000 cases and 70 deaths in the United States, he had the nerve to grade himself with a perfect score.
“I’d rate it a 10,” Trump said. “I think we’ve done a great job.”
— Cheddar? (@cheddar) March 16, 2020
Yeah, that did NOT inspire confidence in the markets. Overall, the stock market plunged over 4,000 points in a single day, with the Dow Jones losing 3,000 points alone. It’s the biggest loss in the last three decades.
— The Daily Edge (@TheDailyEdge) March 16, 2020
The Dow Jones now stands 20,188, which means 96 percent of the gains during Trump’s presidency have been wiped out.
To put that in context, the Dow Jones stood at 19,827 points when former President Barack Obama left office. If the Dow Jones loses even 400 more points on Tuesday, the stock market will be lower under Trump than when Obama left. Clearly, the coronavirus was the straw that broke the camel’s back in addition to Trump’s trade wars and tax cuts for the wealthy. Are we winning yet?
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