Jim Cramer Blasts Trump Over The Stock Market — And Made This Shocking Comparison
HuffPost
The president wants to be remembered like Ronald Reagan, but Jim Cramer found Trump’s actual match.
As a candidate, President Donald Trump liked to claim that the markets were hitting new highs because they anticipated his election. Now that he’s actually president and his economic polices are going into effect, the S&P 500 is on pace to have its worst quarter compared to the rest of the world since the early 1980s ― and somehow it’s all Joe Biden’s fault.
For a more accurate historical analogue, however, Trump should probably be looking to Jimmy Carter.
So says CNBC host Jim Cramer, who used his show Monday to call out Trump for recreating the “stagflation” of the early 1980s.
“I cannot think of another president in my lifetime who could knock down the stock market simply by opening his mouth than Jimmy Carter,” said Cramer, who called it a “brutal” comparison.
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