President Trump Asked Point Blank Why He Is Blaming Biden For The Bad Stock Market Numbers

Forbes Breaking News

At a Cabinet meeting on Wednesday, President Trump was asked about the economy.

Transcript

00:00Mr. President, Mr. President, you can't be able to transition, sir.

00:03You frequently took credit for the stock market highs.

00:07You said it was a reflection of how well you were doing in the polls,

00:10and then after you were elected, you said the stock market highs

00:13were a reflection of how well the transition is going

00:16and the American people's confidence in your incoming administration.

00:20Now, the stock market is not doing so well,

00:23and you're saying that's the Biden stock market,

00:25yet you are the president. Can you explain that?

00:27The President, I'm not taking credit or discredit for the stock market.

00:32I'm just saying that we inherited a mess, both at the borders.

00:36You could look at every single one of the people here,

00:39and no matter who it is, they're doing better,

00:41and they are far superior to what took place for four years before us.

00:46When you look at prisoners being allowed to come into our country at will,

00:51just at will, people from mental institutions,

00:55gang members, drug dealers, when you look at that,

00:58what they've done to our country,

01:00and also having to do with finance,

01:02look at what happened with inflation.

01:04We had the worst inflation probably in the history of our country.

01:08They say 48 years, but I would say in the history of our country,

01:11it ate away at people.

01:13And even though you saw a stock market going up somewhat,

01:16because in my case, I had the biggest stock market increase,

01:1988% in the last term, in my last term.

01:22But I don't view the stock market as the end rule.

01:24It's an indicator.

01:26But what the stock market really tells you,

01:28and what you, when you look at the stock market in this case,

01:32is it says how bad a situation we inherited.

01:35I took place, this is a quarter that we looked at today,

01:39and I took, we took all of us together.

01:42We came in on January 20th.

01:44So, this is Biden.

01:47And you can even say the next quarter is sort of Biden,

01:49because it doesn't just happen on a daily or an hourly basis.

01:53But we're turning it around.

01:54It's a big ship to turn around,

01:55and we're going to have the greatest country financially

01:57in the history of the world, I believe.

01:59I think we're going to do things that, and we had to do it.

02:01We reset the table.

02:03We were being ripped off by every single country

02:07with just about, without exception.

02:10I can, I'd have to really think hard

02:13for who hasn't taken advantage.

02:14And I don't even blame those countries.

02:16I blame the person that was sitting right here where I am

02:18for allowing it to happen,

02:21where our country was ripped off on trade

02:23hundreds of billions of dollars.

02:26And now we're doing better than we've done in a long time.

02:29You know, we were losing four to five

02:31to even six billion dollars a day on trade with Biden.

02:37And now we have it down to a very manageable number,

02:40and the tariffs, for the most part, haven't even kicked in yet.

02:43So that's the way, stock markets to me are an indication.

02:49But the big indication is what's happening,

02:51and the people around the table know what's happening.

02:53Yes.

02:53.

02:54.

03:02.

03:03.

03:04.

03:09.

03:15.

03:20.

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