President Donald Trump shifted from praising the stock market to blaming Democrats on Thursday according to Alternet, following a market plunge that occurred just one day after he took personal credit for record-high market numbers. The sudden pivot on Truth Social drew swift condemnation from critics who highlighted the president’s contradictory statements regarding the economy.
Trump Blames Democrats on Truth Social for Market Drop
After boasting on Wednesday that The Stock Market just hit another Record High – 91 Days in just a short period of time—less than two years,
and declaring that citizens’ 401(k)s are through the roof,
Trump changed his tune following Thursday’s drop. On his Truth Social platform, Trump claimed the market suffered because Democrats swept Republican majorities out of both the House and Senate. Such a sad thing to watch!
Trump wrote, adding, It took us so much work to get us to a level that no one has ever seen before, and then this.
In his posts, Trump told users that their 401(k)s have, therefore, dropped
and instructed them to Remember, it wasn’t Republicans, it was Dumocrats.
He also blamed American voters directly for the downturn, writing, The Stock Market crashed today because the Dumocrats had a big Tuesday — So sad to see, you only have yourselves to blame!
The White House X account reposted the president’s remarks.
Critics and Bloomberg Point to AI Stock Concerns
The White House social media posts prompted immediate backlash from critics on X. One user commented, The level of stupidity is simply staggering,
while another stated, This is why Americans hate Trump. All you do is lie. Today’s sell off was about AI stocks tanking. Yesterday, following the results of the Democrat tsunami the market was up over 1000 points.
“The Stock Market suffered one of the Worst Days in History based on the results of the Election. Such a sad thing to watch! It took so much work to get us to a level that no one has ever seen before, and then this. Your 401(k)s have, therefore, dropped. Remember, it wasn’t… pic.twitter.com/iIAXvPqqMv”
Bloomberg reported that the equities slide on Thursday actually accelerated due to concerns that the new Congress might tighten oversight of the artificial intelligence industry, such as data center construction, which caused heavy losses for chip giants and technology stocks. Critics maintained that the AI industry is largely unregulated and needs supervision. Another critic criticized the administration’s overall record, railing, If you hadn’t dragged us into another war in the Middle East, wrecked affordability, and covered up for [criminals], we wouldn’t be talking about a stock market drop. This has nothing to do with Democrats and everything to do with your failed agenda.
