Donald Trump opened up his Twitter box and pulled out something that once again proved how little he understands. The so-called leader of the free world does not get America’s economy. Does he even grasp any of the facts?
In an early morning tweet, Trump hit on the Federal Reserve (the Fed) for simply doing its job — raising interest rates to prevent the country from flying off into mind-numbing inflation:
‘It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!’
So far, Trump’s awkward moves have not totally tanked the economy. He has luckily followed along the financial trajectory President Barack Obama began. When 44 took office, the country was on the edge of the cliff called the “second great depression.” He turned the U.S. economy, and that of the world, around. Now, the man currently sitting in the Oval Office has been flying on his coattails.
POTUS number 45’s erratic tweets and economic malfunctions have set the stock market yo-yo-ing. Trump takes credit for the upswings that have begun to occur nearly every day and ignores the 400, 500, 600, 700 plummets. They say he was erratic, and maybe Trump thinks they have being saying erotic, so he takes the words as a compliment.
The Treasury Department’s sanctions deputy, Marshall Billingslea, called the swings a “direct challenge” for the U.S. He was giving a speech at the American Enterprise Institute, according to CNN:
‘We’ve never seen a collapse like this in the history of the Western Hemisphere. We cannot take it as a given. That cannot be allowed to happen.’
Featured image is a screenshot via YouTube.