Donald Trump: World Was Gloomy Before
on Monday, December 26, 2016Donald Trump Money Quote saying The world had lost all hope before my election win – Now stocks are up and so is Christmas earnings! Donald J. Trump said:
“The world was gloomy before I won – there was no hope. Now the market is up nearly 10% and Christmas spending is over a trillion dollars!” — Donald Trump
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In this quote, Donald Trump portrays the global economic outlook as bleak prior to his election victory, but then significantly improved as evidenced by a rising stock market and high holiday spending. Some key points in interpreting his perspective:
- He aims to take credit for injecting optimism and fueling consumer sentiment/business confidence after his win.
- However, the President has limited direct control over complex economic factors like the market, which fluctuate independently of any single event or person.
- The quote presents a simplistic before/after comparison but reasonable experts recognize both challenges and strengths in the economy relate to various interconnected global and domestic dynamics.
- Specific metrics like the market and one holiday season alone do not fully capture the state of the overall economy and impacts of policies over longer periods of time.
While Trump wants to convey an upbeat message, a balanced interpretation acknowledges both his viewpoint and that the economy results from many determinants, with knowledgeable analysts able to disagree reasonably on how much impact any one factor has amid diverse market forces and natural business cycles. The quote reflects one perspective but not a comprehensive analysis.