U.S. Republican presidential candidate Donald Trump hands a five-dollar bill back to a supporter after signing it for her following a rally with sportsmen in Walterboro, South Carolina February 17, 2016. REUTERS/Jonathan Ernst/File Photo
Donald Trump’s failures have driven the Dow to its worst losing streak since 2011, as investors begin to doubt the future of all of Trump’s proposals.
Read About Ivanka Trump's Plotting To Return To The White House On THE DAILY
CNBC reported, “U.S. stocks closed mostly lower on Monday as investors reassessed the prospects of key White House proposals, including tax reform, coming to fruition….The Dow Jones industrial average ended about 45 points lower — after falling nearly 200 points earlier, with Goldman Sachs contributing the most losses. The 30-stock index also posted an eight-session losing streak, its longest since 2011.”
Wall Street might be starting to realize that Trump’s words are worthless. His promises mean nothing because he can’t deliver. The stock market has created a bubble for itself based on buying into Trump’s BS, but after he had fallen on his face with healthcare, investors are starting to realize that this president might be a loser who can’t deliver on anything that he promised.
The eight-day Dow slump will be nothing compared to what will happen to stocks if tax reform fails to pass. If Trump doesn’t get tax reform, the stock market will tank. Investors ignored the signs that failure was coming on health care, and they have been ignoring the omens for months that tax reform might be in trouble. Hint: there are big differences between Republicans in the House, and the House and Senate on tax reform. It is not a certainty that a bill ever makes it through Congress.
It was only last month that Trump was bragging about the stock market:
As his presidency is crashing into a brick wall built with scandal and failure, stocks are starting to realize that the promises Trump made may never happen.
Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association
Trump is reportedly considering Nikki Haley as his running mate if she will pay tens…
Former Trump lawyer Rudy Giuliani was suspended and had his radio show in New York…
The Florida Republican Party picked Barron Trump to be a delegate at the Republican convention,…
Republicans have made no major investment in Kari Lake as Democrats put tens of millions…
Sen. Katie Britt (R-AL) is back on the national scene with new legislation that would…
The candidate spends most of his time ranting about his criminal trials. The campaign is…
This website uses cookies.
