NEW Statement From President Trump

The Dow Jones Industrial Average recently fell below 30,000…Another sign that we are headed for economic ruin.

It turns out that shutting down entire economies for 2 years, rampantly printing money, and instigating geopolitical tensions have horrible effects on the prosperity of a nation.

What’s worse is that Democrats and the Federal Reserve Bank show no signs of reversing course anytime soon—they’re doubling down on their poor policies…

We don’t need corn in our cars, we need sensible public policy—not the contortions and hysterics of every bleeding-heart liberal in the country; their mental illness is not our problem…

Freaking out about a virus, or global warming, or whatever the left-wing catastrophe of the week might be, just makes the entire crisis worse.

President Trump took to Truth Social to fire back at what can rightly be called the worst administration in modern U.S. history:

New president Trump's statement pic.twitter.com/MG8Y88LUfn

— Milo (@Milo80717578) June 14, 2022

Forbes provided this economic data:

Stocks fell after rebounding a day earlier: The Dow Jones Industrial Average lost 2.4%, over 700 points, while the S&P 500 dropped 3.2% and the tech-heavy Nasdaq Composite 4.1%.

The Dow fell below the 30,000 mark, hitting its lowest level so far in 2022 amid the ongoing stock market selloff.

https://twitter.com/yesisworld/status/1537674353298505730

🚨🚨The DOW HAS SLIPPED BELOW 30,000. this is Biden’s fault ,he has wiped out President Trump’s great economy!

— AmericanBeagle (@AmericaBeagle) June 16, 2022

Likewise, Zero Hedge paints a dismal economic forecast:

Additionally, The Fed’s economic projections showed a much bumpier soft landing expected, with the unemployment rate rising from 3.7% at end-2022 to 4.1% in 2024; growth forecasts were cut to 1.7% in 2022 and 2023, from 2.8% and 2.2% in March; Fed officials still expect inflation to come down significantly in 2023