Trump says things are 'going very well' after worst stock market drop in years over tariffs

[Zorro]

Source: AP via Yahoo Finance

President Donald Trump offered a rosy assessment after the stock market dropped sharply Thursday over his tariffs, saying, “I think it's going very well."

“The markets are going to boom, the stock is going to boom, the country is going to boom,” he said when asked about the market as he left the White House to fly to one of his Florida golf clubs.

The Dow Jones Industrial Average dropped more than 1,600 points on Thursday as U.S. stocks led a worldwide selloff after the Republican president's announcement of tariffs against much of the world ignited a shock like none seen since the COVID-19 pandemic.

Trump on Wednesday announced a minimum tariff of 10% on imports, with the tax rate running much higher on products from certain countries like China and those from the European Union.

Read more: https://finance.yahoo.com/news/trump-says-things-going-very-220759324.html

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"Markets go boom! Stocks go boom! Country goes boom!"

"Going very well" indeed in MAGA bizarro world, I guess...

[genxlib]

1. Delusional, clueless or lying?

Yes is an acceptable answer.

[iemanja]

28. No. His goal is to destroy America

On Putin’s orders. It’s the only thing that makes sense.

[Snoopy 7]

69. putin

Yes putin owns everything that is trump. But, putin is only following what russia's previous dictator said ""We do not have to invade the United States, we will destroy you from within." This is a quote attributed to the late Soviet Premier Nikita Khrushchev." First putin had to purchase republican people then then he got the desperate idiot. Yes trump has been in debt to putin since the eighties but, they would have never imagined they could place him where he is now. I'm still wondering when people will wake up after the republican's visited russia during 4th of July in 2018: Sen. Steve Daines (R-Mont.), Sen. John Hoeven (R-N.D.), Sen. Ron Johnson (R-Wis.), Sen. John Kennedy (R-La.), Sen. Jerry Moran (R-Kan.), Sen. John Thune (R-S.D.), and Rep. Kay Granger (R-Texas).

[The Roux Comes First]

32. Ding, Ding, Ding!

[Klarkashton]

2. And Covid was going to be over by Easter ...just go

Away...

[riversedge]

3. The Economist covers from five months ago and today.

The Economist covers from five months ago and today.

Link to tweet

[bucolic_frolic]

4. The plan is going exactly as intended. That's what he said.

Don't read anything less into it.

And don't believe the lying Congressional Repukes that are publicly complaining. They're just covering their own political asses with lies. The plan is going exactly as they intended too.

[FuzzyRabbit]

14. Yes, it is going just as he intended.

[BlueMTexpat]

45. Those craven cowards

just confirmed Dr Oz!

They are aiding and abetting the Felon-in-Chief in everything he does!

The Republican Party has gone into full Nazi mode. Don't believe a word that ANY of them says!

[Lovie777]

5. Talking to the cult..............

[Irish_Dem]

6. The tariff extortion scam must be working. Calls coming in offering Trump large amounts of cash

and favors.

He doesn't care about anything else.

[Ilsa]

11. I want him to go to prison if he negotiates

anything for personal gain including a third term.

[Irish_Dem]

12. He will just say it is all for the good of the US.

He is immune from any consequences for his many crimes.
Congress and judges will never go after him.

Trump's karma will be in the afterlife.

I hope he goes to hell for eternity.
Along with Hitler and Putin.

[Ray Bruns]

7. Delusional

[Silent Type]

8. Early Futures are down too, but not much right now. Supposedly, trump is saying he's

willing to negotiate now. But I wonder if all trust is gone.

[Mike 03]

15. This clip of him is one reason I'm expecting tomorrow to be bad too.

I dearly hope I'm wrong, but to me that soundbyte of him saying everything is grand just tells investors and everybody else that he has no plans to change his mind.

[Bengus81]

56. Tanking again....down 1,500 at one point now at 1,406. Tesla DOWN $24.50

Looks like it's all going to plan eh Trump?

[louis-t]

67. Each $2.50 his stock goes down, he loses

a billion dollars? Am I seeing that correctly?

[Captain Zero]

9. Early Golf Weekend - Things going very well

Of course they are going very well as he skips out of town.

Skip to the Lou.....

[JMCKUSICK]

10. It's us that are delusional lol

He keeps telling us it's all gonna boom and he's right. He's blowing it all up. Boom, Boom, Boom

[Mike 03]

13. Bloomberg Radio has been playing this clip, to the dismay of the hosts

and guests.

Of course he's an idiot and this is outlandish, but I am guessing the motive behind this is to act like he anticipated what happened today and is "fine" with it, and also (maybe more importantly) to disabuse everyone of the notion he will quickly reverse the moronic thing he has done to the world economy.

If he acted upset or surprised, it could be interpreted as signaling he might change his mind.

But it is simply preposterous.

[twodogsbarking]

16. It won't boom it will go boom and explode.

[usonian]

17. Expecting a quick bounce back.

[AZ8theist]

44. Excellent "Twilight Zone" reference there....

[twodogsbarking]

46. I remember when The Twilight Zone was considered, well, fiction.

[Turbineguy]

18. Things are going very well

for him.

And his capo, Putin

[The Madcap]

19. Blowing it up real good...

Won't be anything but craters when he's done.

[geardaddy]

62. Ha!

[The Madcap]

63. Yep...Just what I had in my mind

Great skit....

[Mblaze]

20. Boom as in

Leaving a huge path of destruction.

[hamsterjill]

21. Typical tactic

He keeps saying that "things will get better" but they never do. Idiots believe him. Smart people know he's lying.

[C_U_L8R]

22. Certifiable

Unhinged from reality and causing harm to every person in this country. He ought to be put away.

[Yo_Mama_Been_Loggin]

23. Things are going very well

After he shit the bed he said it was the lightest he's felt in a long time

[kimbutgar]

24. Don't believe what you see with your lying eyes and hear on the news

It’s all fake news.

[IronLionZion]

25. Boom

[Midnight Writer]

26. "Now watch this drive!"

[relayerbob]

27. It's going right according to plan

I wish people would get that detruction of our nation *is* the goal. While there is plenty of incompetence involved, this is all based on sheer treachery. The military needs to step in and do a 25th Amendment.

[Javaman]

29. All is well!!!

?si=IdLGYDt_WctylQhB

[twodogsbarking]

48. I'm a zit. Get it?

[slightlv]

30. Usually when one says something is going to go "boom"

it means it's gonna explode into nothingness. Now THAT I can see as a true statement for our economy, our democracy, and for each of us. (sigh)

[global1]

31. If Tr**p Is Saying This - It Means He's Somehow......

benefitting financially from all this.

[calimary]

39. I'd say that's a very good guess.

[LilElf70]

33. What did you expect from

a moron that lives to lie.

[LudwigPastorius]

34. "I think it's going very well."

"Da, Comrade Krasnov."

[usonian]

35. I was busy. Better late than never.

[solara]

36. Kinda sad and pathetic, isn't it?

Trump has mentioned for years now - how one of his greatest fears was to become a '"modern" Herbert Hoover, a failed president, who helped to author in the Great Depression. So here is donald, just barely into his new "presidency" and he is doing everything in his power to actually emulate Herbert Hoover - it's almost as if he doesn't know any history at all or any of the decisions Hoover's profoundly failed "presidency" made to encourage The Great Depression.

Herbert Hoover's time in the Oval during the Great Depression is often criticized for his policies, including his reluctance to use federal funds for direct relief, his support for the Smoot-Hawley Tariff Act, (significantly raised tariffs on over 20,000 imported goods in an effort to shield American industries from foreign competition during the onset of the Great Depression, which began in 1929) and which many historians argue deepened the economic downturn of the world. (wikipedia)

So trump is becoming one of the things he has always feared the most.. just another lack-witted, profoundly stupid Herbert Hoover gonna-be

[sheshe2]

37. He is right about the markets, stock and country...

They are gonna Boom!

[calimary]

38. Meh, he's just doing what he does best: LYING Through His Teeth!

When you boil it down to the bare-bone basics, he’s nothing but a liar. That is all.

[Figarosmom]

40. Of course

Just believe me, not what you see or hear.

[subject]

41. no moral core

in entire family

[C Moon]

42. That's why they wouldn't let him drive the Tesler he bought: because he crashes everything.

[Aussie105]

43. Trump's problem is, and always has been is this:

He is an ideas man, comes up with an idea, declares it is good and will show everyone how bigly a genius he is.
Then he handballs his idea to underlings, and sits back.

It doesn't matter if the idea is unworkable, impractical or a total disaster, Trump will think it is good, and will say so, independent of reality.
Reality and self-appraisal don't get a look-in.

The word 'delusional' doesn't really cover it.

And whatever this is, it is infectious, people actually voted for him.
Hopefully the fever dreamers out there are recovering and seeing reality more clearly.

[bdamomma]

47. The felon

continues to live in his unrealistic bubble, I wish he goes BOOM!!!!!!!

[twodogsbarking]

49. He only lost four balls golfing. Things are great.

[azureblue]

50. if Trump said

"The Sun Comes Up in The West", his followers would believe him, and the GOP would agree.

[mdbl]

51. Every day he wakes up not in jail means things are "going very well"

[Crowman2009]

52. On the bright side, the car nazi lost all his post-election earnings.

Tesla's stock value has gone below its election day value.

[Warpy]

53. The drop has been slow and selective so far

affecting mostly the fast money tech stocks. Yes, the decline in other stocks has been significant but it has been far from catastrophic.....so far.

The ripple effects from oligarchic stupidity present and future will continue to give us all a bumpy ride for some time to come. Just remember that the worst reason to make any financial decision is panic.

[AllaN01Bear]

54. snork

[Martin68]

55. Yup, yup, I believe him. Trump rules!

[struggle4progress]

57. "Watch me blow flaming fart rings from my hindside!"

[Montauk6]

58. Nitwit Nero (as Roxanne Kincaid calls him) fiddles as American Rome disintegrates

[kimbutgar]

59. In the maga world up is down and down is up

Don’t look at facts just listen to the orange Hitler and watch right wing media. Only the magaloon president can make everything right !

[Zorro]

60. "Believe me -- this shit sandwich I'm serving you is delicious"!

"You might not like it at first, but you'll grow to really appreciate it when that's all you have to eat..."

[Bengus81]

61. DOW down over 1,930 points right now. It will hit 2,000

This is enormous................

[samnsara]

70. ive lost 600,000 in 2 days! It took me years to scrimp and save for a decent retirement..

..with a little left over for my kids. Im 75..i will b dead before I recoup this and trumps buddies are gonna get MY money!

[bmichaelh]

64. Dan Rather quoting Turkish proverb

Dan Rather is quoting from a Turkish proverb:

When a clown moves into a palace he doesn’t become a king, the palace instead becomes a circus.

[Blue Owl]

65. He would say that, wouldn't he....

[louis-t]

66. When reached by radio, the captain of the the Titanic said

"It's going very well. Glu glub glubbbbbbbbbb........"

[True Blue American]

68. The Senate thinks Trump is bluffing. The reason they have not

Taken over their responsibility.😜😡

https://apnews.com/article/trump-tariffs-republicans-senate-house-2409e9ff50290edac738ad6e4e8e78b9#