In November of 2016, when it became clear that Donald Trump would be the next POTUS, New York Times economist Paul Krugman saw doom and misery for U.S. markets:
Today the market was down again due to unpredictability and concerns about the spread of the coronavirus, and Krugman noted the day’s decline with a brief tweet:
Dow 25,000!
— Paul Krugman (@paulkrugman) February 28, 2020
And yes, Krugman’s actually referring to it as “Trumpvirus,” and he doesn’t seem too upset at the current downturn:
Recommended
Boring but possibly useful thread on economics of Trumpvirus. Econ 101 tells us that there are two kinds of macro shocks: demand shocks like 2008 financial crisis and supply shocks like 1979 oil crisis. Policy implications differ 1/
— Paul Krugman (@paulkrugman) February 28, 2020
Gotta say I really didn't see this coming. I thought the next slump would be a smorgasbord recession — a bunch of smaller things, not one big thing. But as the bumper stickers don't quite say, stuff happens 7/ https://t.co/Bwf9ZfUIgB
— Paul Krugman (@paulkrugman) February 28, 2020
Well if that all doesn’t speak volumes:
Krugman is literally cheering as your savings shrink.
What a disgusting pig https://t.co/OtcWulbusz
— Fusilli Spock (@awstar11) February 28, 2020
Paul has been praying for a market crash since his claimed it would do it the moment Trump was elected…. https://t.co/PMGtiGCTck
— Jay Malak (@KobbeMalak) February 28, 2020
Krugman finally got the stock market dip he’s been rooting for since Trump got elected and wants you to know about it, even if it means a hit to your 401k, a few thousand deaths (and counting), and has nothing to do with Trump. https://t.co/hUNZ47tOjx
— Drew Holden (@DrewHolden360) February 28, 2020
Calling it “Trumpvirus” would indicate that Krugman wants everybody to believe it’s because of the president in spite of how ridiculous that claim is.
Congratulations! https://t.co/yLiFzDXbS4
— David Harsanyi (@davidharsanyi) February 28, 2020
You are so happy for people losing money
— Duh Wrench (@PaulGavigan4) February 28, 2020
It was averaging around 16,000 before trump arrived.
Nice try though.
— ?KG?™️ ⭐️⭐️⭐️ (@KevBoat44) February 28, 2020
"I was right!" screamed he, three years later to his reputation https://t.co/5uum8tKnbj
— Susan K. (@Mrs_Millennial) February 28, 2020
Wow. You called it Comrade!!!! Congrats on rooting against everyday Americans and seniors who worked all their lives.
— Tony Bruno (@TonyBrunoShow) February 28, 2020
Amazing last month the stock market was because of President Obama's policies amd now it is crumbling although because of President Trump.
How quickly times change— Chris Piccione (@MarvinDorfler5) February 28, 2020
Dems and media rooting for a recession. ? https://t.co/swCrBSiEIj
— Steve (@Steveonomics) February 28, 2020
It sure is difficult to see it any other way.
