In a rant posted in all-caps — again — on Truth Social, Donald Trump on Monday took credit for current success seen in the stock market. He is not the president, and he has not been president for more than three years, making tenuous the argued connection!
His idea, though, was that stock market success should be considered a result of supposed success by his campaign. While it’s true that Trump sees (thin) leads against Biden in a significant subset of polling, expected general election challenger and incumbent President Joe Biden also leads sometimes.
“THIS IS THE TRUMP STOCK MARKET BECAUSE MY POLLS AGAINST BIDEN ARE SO GOOD THAT INVESTORS ARE PROJECTING THAT I WILL WIN, AND THAT WILL DRIVE THE MARKET UP — EVERYTHING ELSE IS TERRIBLE (WATCH THE MIDDLE EAST!), AND RECORD SETTING INFLATION HAS ALREADY TAKEN ITS TOLL. MAKE AMERICA GREAT AGAIN!!!” Trump yelled online.
In fact, federal numbers have shown the rate of inflation on a generally downward trend. While those developments don’t mean prices have, per broad calculations, substantially sunk, the speed with which costs have generally increased has significantly slowed, helping open opportunities for many Americans to keep up financially. And projections from investors — whether on the actual stock market in the U.S. or in online forums for betting on the outcome of an election — don’t mean anything, substantively speaking. Voters will decide who next occupies the White House, and while it’s true that Biden sees struggles with popularity and support from prospective voters, Trump also remains colossally unpopular among many, many Americans, according to polling.
Trump’s parameters for the supposedly terrible “everything else” include an imaginary invasion at the southern border and fantasy fraud in the last presidential election, which he still alleges was somehow systematically rigged for the Democrats. Combining the two, Trump has claimed that Democrats were intending to register undocumented immigrants en masse to vote… something for which there’s just no evidence in the real world approximating that mirror of the “great replacement” conspiracy theory from white supremacists.