Posted 1/9/2024, 3:10:00 PM
Trump Hopes for Economic Crash to Avoid Blame, Despite Signs of Continued Growth
- Trump said he hopes the US economy crashes in the next 12 months to avoid being blamed like Herbert Hoover was for the Great Depression
- Trump said the economy is currently "fragile" and "running off the fumes" of his first term accomplishments
- This came after a new jobs report showing the labor market remains robust with 216,000 jobs added in December
- The US economy grew 4.9% in Q3 2022, and Q4 growth is expected to cool but remain positive at 1.3%
- Despite some warnings of a potential crash, experts are warming up to the possibility of continued stock rally and soft landing as inflation cools