(RightWingAmericans.com) – Even the Trump economy couldn’t withstand the impact of the coronavirus. As the virus, which originated in China, continues to spread across the United States, the financial markets took a tumble. On Monday, American stocks suffered the worst day since the financial crash in 2008.
The Dow Jones Industrial Average, which was soaring before the virus broke out, dropped by 2014 points (or 7.8%). Every single stock on the blue-chip index was down throughout the day, with Exxon Mobil, J.P. Morgan Chase, Chevron, and Boeing suffered the most. Each company dropped more than 12% throughout the day.
While Democrats may choose to take this opportunity to bash the president and claim he’s responsible, the facts show otherwise. European and Asian countries took a similar battering, and oil prices dropped significantly in Russia and Saudi Arabia. Analysts have said the day was “utter carnage.”
In the United States, the indexes fell so badly at the beginning of trading that for 15 minutes, selling and buying shares was completely halted while a “circuit breaker” was implemented.
Following the crash, left-wing activists took to Twitter to share fake screenshots of the president’s Twitter account, along with the hashtag #TrumpCrash.
The fake Twitter screenshot showed the president saying:
“If the Dow Joans ever falls more than 1000 “points” in a Single Day the sitting president should be “loaded” into a very big cannon and Shot into the sun at TREMENDOUS SPEED! No Excuses!”
The fact that Democrats and anti-Trump activists couldn’t recognize a clear parody is a story in itself!
Blue checkmarks on Twitter also chose to use. The event as a signal that the president is hurting the economy.
For someone who is supposed to be great for the economy, @realDonaldTrump now has 15 of the 20 worst single day loses in Dow Jones history. That includes the top 11 worst day loses. VOTE HIM OUT! pic.twitter.com/0K63eSdmrZ
— Jonathan Boucher (@jonbouch) March 9, 2020
Facts don’t seem to matter to Democrats! The economy is hurting because of widespread panic and disruption to businessesall over the world. This may continue for some weeks or months, and so the president announced on Monday that he would seek to offer major financial relief to American workers.
The economy might be hurting temporarily, but the Trump administration is doing everything it can to keep things ticking over smoothly. Now, we wait and see whether House Speaker Nancy Pelosi want to work together with the Republicans to mitigate damage or not.