Day 877: Trump reduced to threatening stock market crash if he loses reelection

Donald Trump is worried about 2020. He lies about the existence of bad polls and says he’s not concerned, but it’s plain to see he’s really nervous about an election less than 18 months away.

Since he’s never had a good poker face, Trump just reveals his concern in really obvious ways. Take Saturday, for example, where he tweeted the following about the economy.

First, Trump inherited a robust economy from Barack Obama, whose savvy moves pulled the U.S. out of a recession and saw sustained growth over most of his presidency. But more than that, Trump claiming a market crash “the likes of which has not been seen before” is coming if he loses is utterly preposterous.

It’s such an obvious scare tactic, that only the most gullible would fall for it. No one can predict a crash — there is still a substantial debate about what caused the 1929 crash — and those on Wall Street are certainly paying more attention to Trump’s reckless trade wars than anything else at the moment.

Trump is actually claiming that a Democrat winning in 2020 would do worse damage than millions of Americans being underwater on their mortgages and major banks collapsing in 2008 and 2009.

Trump’s 2017 tax cuts to corporations and the wealthiest Americans did next to nothing for the economy as a whole and only ended up benefiting those that actually got the breaks. There was no trickle down effect or sustained betterment for workers.

With political moves on the issue failing, Trump has been forced into an obvious lie about the economy. Threatening the stock market is a card Trump is likely to play very often in the run-up to 2020. He’s simply hoping fearmongering gets him across the reelection finish line.

877 days in, 585 to go

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