Trump Expresses Grim Outlook on Economy

Gage Skidmore from Peoria, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons

( – In an interview that aired on Monday, January 8, former President Donald Trump appeared to predict that the United States economy was going to crash and stated that he was hopeful that when it happens, it will happen within the next 12 months.

Trump, who is currently leading the Republican presidential primary race, stated during an interview with Lou Dobbs that if he were to win back the White House, he would not want to have a term like the one President Hoover had, who took over during a time of economic stability and ended it with the start of the Great Depression.

The former President argued that the economy was very fragile and that the only reason it continued to be operating in some capacity was because it was “running off of the fumes” of the Trump administration’s policies. He said that he was hopeful that “when” the economic crash occurs, it would occur within the next year, as the one President he did not want to be like was Herbert Hoover.

When asked to clarify his comments during an Iowa town hall on January 10, he said he isn’t hoping for a crash, but that he believes the economy is “horrible.” He added that he thinks the stock market is rising because he’s beating Biden in the polls, and that there will be a crash if he loses.

However, a crash is not considered inevitable as the United States economy has managed to defy economists’ predictions throughout the 2023 year. Inflation has continued to drop, while job growth is high and the unemployment rate has also continued to be low.

Treasury Secretary Janet Yellen stated during a CNN interview that what they were seeing with the economy right now was a “soft landing,” which they were hopeful would continue.

The 2023 year ended with 216,000 jobs added in the final month of the year, and the unemployment rate has been at 3.7 percent.

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