Trump's shortsighted campaign to claim ownership of the stock market could backfire

[Yo_Mama_Been_Loggin]

As the Dow Jones industrial average climbed to new heights early this year, President Trump clamored for credit.

He might regret the campaign to claim ownership of the economy if a sudden pullback turns out to be more than just a blip.

The Dow plunged 666 points Friday, prompting the Wall Street Journal to declare that “correction watch is on,” then tumbled another 1,175 points Monday. The market has fallen 8.5 percent since closing at an all-time high on Jan. 26. A correction would be a 10 percent drop in a short period of time.

Any nuanced view of the stock market acknowledges that many factors can affect prices. No president — certainly not one who has been in office for barely a year — is singularly responsible for surges or declines.

But Trump has suggested that stocks would have “tanked” if not for his victory, and he has complained that the media devotes insufficient attention to the strong market, which he counts among the “many things accomplished by the Trump administration.”

https://www.msn.com/en-us/news/politics/trumps-shortsighted-campaign-to-claim-ownership-of-the-stock-market-could-backfire/ar-BBIK1Gl?li=BBnbcA1&ocid=edgsp

A year into the Trump administration it's certainly not Obama's fault.

[Turbineguy]

1. Since when did he take the long view?

When things turn against you, just bullshit!

[BigmanPigman]

2. We will have to wait and see what happens, but if there is

a big correction over a week's time, then he owns it! That is the silver lining. The best thing going for him was the robust stock market which he inherited yet took credit for. The deplorable base will send his poll numbers down again and that is fine with me.