Donald Trump ended his media hiatus to jump in from of the cameras for one minute to take credit for the Dow hitting 30,000 even though experts say it is due to the positive news about vaccines and Joe Biden naming Janet Yellen to lead the Treasury Department.
“The stock market, it’s just broken 30,000,” Trump said “Never broken that number. That’s a sacred number. Nobody thought they would ever see it. That’s the ninth time since the beginning of 2020 and it’s the 48th time that we have broken records during the Trump administration.”
He continued: “And I just want to congratulate all the people within the administration. And most of all, I want to congratulate the people of our country because there are no people like you.”
But, experts say stocks rallied because Biden chose former fed chair Janet Yellen to lead the Treasury Department. Yellen is expected to be pragmatic, focused on fixing the economy and not pursuing a new regulatory regime for banks that some on Wall Street have feared, CNBC reports.
For the first time in four years it would seem that things are going to go back to normal. And that has nothing to do with Donald Trump. The transition process formally began but we’ve come to learn that Trump had nothing to do with that either even though he tried to claim credit for it too.
The stock market hitting records have resulted in videos resurfacing of Donald Trump claiming that if Biden was elected the stock market would crash.
Turned out to be quite the opposite the market is booming one day after Michigan certified their results and it became clearer that he has no chance of staying in the White House.