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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThis anti Obama Trump tweet about the Dow Jones didn't age well...
@d1Vinman, Oct 11
The Dow dropped 1300 points in 2 days....
We're waiting
Link to tweet
oberliner
(58,724 posts)Cha
(297,731 posts)duforsure
(11,885 posts)Is trying to blame the Federal Reserve, but it again is nothing but a distraction from the truth. When the fed raised the interest rate 25 basis points the market increased because they knew that it was going to be going up , and was already in the market. But later when trump started his tariffs, and China isn't buying our debt now , where are they going to get borrowed money from now, and when trump publicly starting accusing the Fed rate move as the cause is when the market reacted, which WAS caused by trump , and his stupid policies. Anytime you transfer that much wealth, trillions, from the poor and middle class and give it to the wealthy taking it out of the economy , like what happened under W Bush too, the economy tanks. Just look at who prospered from the tax scam, the rich did. They bought back their stock to make it go up in value, for themselves and made even more from the tax scam then. Also its clear trump will try to start up a war for profit and political reasons. The markets have just begun to move downwards from the trump slump, and this time it will be a lot worse than the W one was. No matter who he blames we can see its coming. He'll hurt again his supporters the most when it crashes, and they take more away from us. I hope this isn't to help putin and his buddies to come in and buy up at lowered prices for everything they can here, and make billions off of us and own more here. He has to again do like W did and start a war, and we need both houses of Congress for protection from trump. Vote! If trump kept his mouth shut the markets may not have reacted so badly, if at all.