U.S. President Donald Trump congratulates Prime Minister Leo Varadkar of Ireland during a phone call from inside the Oval Office of the White House in Washington, U.S., June 27, 2017. REUTERS/Carlos Barria
Trump is now putting out fake information to boost the stock market that he remains invested in as president.
CNN reported, “Still, Trump flashed signs of optimism this week that the trade war could be resolved, saying he’s received calls from Chinese officials saying they wanted to restart talks. Though Trump and Treasury Secretary Steven Mnuchin insisted there had been “communication,” aides privately conceded the phone calls Trump described didn’t happen they way he said they did. Instead, two officials said Trump was eager to project optimism that might boost markets and conflated comments from China’s vice premier with direct communication from the Chinese.”
The White House admitted that Trump lies to boost the stock market, which means that the market, like the rest of the country can’t believe a single word that comes out of the president’s mouth. It goes beyond the fact that Trump is a pathological liar.
Trump never divested himself of his investments when he became president, so he is using the presidency to make, or stop losing money, in the stock market. Trump is engaging in Oval Office stock market manipulation for political and personal gain.
The President Of The United States is faking phone calls with world leaders to manipulate the stock market so that it looks like he is “winning.” Trump still doesn’t get the fact that most of the country isn’t invested in the stock market, so his “win” doesn’t mean anything to them. Any other president would understand that their path to reelection is paved with “wins” for the voters. Issues like affordable healthcare, lower taxes for the middle class, and raising wages would all be the sort of wins that would get a president a second term.
Lying to the stock market to boost performance reeks of the petty desperation that defines Donald Trump.
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