President Trump took to Twitter to announce that he believes that the economy would crash if any of the Democratic candidates won the 2020 election. He relays that the now booming economy would see a crash of epic proportions like was seen in October 1929.
The great stock market crash of 1929 encompassed a four-day decline involving stock prices. Starting on October 24, 1929, the Unites States say the worst drop in the stock price history. The Dow Jones Industrial Average dropped a substantial 25 percent, and there was a $30 billion decline in market value.
It was the catalyst that led to the Great Depression. Known as Black Thursday, the first day of the economic crash, trade on this day traded increase was triple the norm. In order to combat this, bankers on Wall Street bought a large number of shares, which brought the fall from 11 percent back to just 2 percent.
The next week, the Dow continues to decline once again. What is known as Black Monday and Black Tuesday, the Dow fell 13 and 12 percent, respectively. This caused a colossal panic amongst investors caused over 16 million shares to be sold. The effects of this were monumental. Peoples’ lives were completely changed, and many had to sell their businesses and faced economic tragedies. Their trust in Wall Street was entirely gone.
President Trump’s economic prediction comes shortly after another Democratic debate. The crowded field of 12 Democratic contenders went around bashing each other and attacking Trump.
During the debate, California Senator Kamala Harris continued to advocate to have Twitter suspend Trump’s account. Not willing to let the issue go, Harris aimed at front runner Elizabeth Warren and to take her side in calling for Twitter to delete the president’s account.
Harris said that Twitter should be held accountable and that shutting down his account is a matter of safety. Moronically, she said that she absolutely believes the things Trump tweets put people’s lives in danger. She spoke directly to Warren that she was surprised the other senator did not agree with her call for suspension in such a direct way.
Here we have Donald Trump, who has 65 million Twitter followers and is using that platform as the president of the United States to openly intimidate witnesses, to threaten witnesses, to obstruct justice, and he and his account should be taken down,” Harris stated.
Warren’s reply was, “I don’t just want to push Donald Trump off Twitter. I want to push him out of the White House. That’s our job.”
While it is clear that Big Tech is biased and has come against conservatives many times, Twitter responded by basically saying that it will not de-platform Trump. Twitter announced that they want to give the people to ability to “engage their leaders directly. At least for now, Twitter has been clear that they will not block President Trump.
Despite the Democrats’ best efforts and a looming impeachment inquiry against him, President Trump has a significant lead in the early national polls. Based on economic trends in critical states, Moody’s Model predicts that he is, in fact, a strong contender to win a second term.
The Moody Model is known to be a historically accurate model, and it predicts that the Democratic presidential candidates will have to focus on Trump’s financial records to try and overcome his advantage. The model has been accurate incorrectly reporting every election since 1980. However, that streak ended when it incorrectly predicted that Hillary Clinton would win against Trump.
Based on the issues that affect Americans economically, such as home prices and personal income, the model predicts that currently, Trump would demolish the competition with a staggering 351 electoral votes.
The chief economist and lead architect at Moody’s Analytics, Mark Zandi, said, “Democrats need to be on high alert. If history is any guide and we get typical turnout, they are going to lose.”
Since the faux pas in 2016, Moody’s model changed its process to include assessing voter’s reactions and interest to economic conditions. The biggest threat that is being proposed at this time is the possibility of the trade war with China getting out of hand. Some speculate this to be the reason President Trump seems keen on making a stable relationship with the powerful country.
Chief economist Zandi also relayed that since the model does not account for personal characteristics of candidates, it is quite possible that this model will not work. The model uses generic candidates for its test, and it is clear that President Trump is anything but generic.
There is no way to hide that under the Trump presidency, the American economy is growing in a way that is helping all different types of people. Workers’ earnings are increasing steadily, and the poverty rate has declined by over 10 percent. Unemployment is at the lowest percentage in 50 years.
The Democrats keep falsely stating the mantra of only the rich is benefitting from this. However, the biggest group benefitting from the Trump economy are minority groups. Despite the false claims, the middle class is not shrinking but instead are seeing significant gains. Oil and gas production is projecting to keep growing.
To further their destroy-Trump agenda, the Democrats have been gleeful about the prospect of a worsening economy. Voters have shown that they are quite interested in the marketplace and how it benefits them. The Trump opposition knows that one of their only chances in taking back power is to crumble the economy and blame it on the president.
The better the economy keeps getting under Trump, the more the Democrats seethe with anger. If a recession is looming closer to the 2020 election, the president will likely face a harder time with reelection.
Just based on his track record, it seems like a safe bet that President Trump knows what he is doing in terms of the economy. Also, based on their track record, it is quite fathomable that the radical Left would send us into pure economic destruction if given a chance.