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Trump Touts Economy: 'You Haven't Seen Anything Yet'

Trump Touts Economy: 'You Haven't Seen Anything Yet'
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By    |   Friday, 24 August 2018 12:37 PM

President Donald Trump cheered the economic growth that has occurred during his presidency, tweeting early Friday that he's just getting started.

A post to his Twitter account said:

"Target CEO raves about the Economy. 'This is the best consumer environment I’ve seen in my career.' A big statement from a top executive. But virtually everybody is saying this, & when our Trade Deals are made, & cost cutting done, you haven’t seen anything yet!"

Trump's tweet refers to Brian Cornell, CEO of Retail giant Target, which reported its best comparable-sales growth in 13 years and the most customer visits to the most in a decade, news that sent its stock to a record high Wednesday.

Trump fired off a second tweet soon after:

"Our Economy is setting records on virtually every front - Probably the best our country has ever done. Tremendous value created since the Election. The World is respecting us again! Companies are moving back to the U.S.A."

By early Friday afternoon, Trump revisited the topic in a Twitter video.

"Our country is doing phenomenally well," he said, again promising improvements to come.

The tweets come a day after Trump warned that the stock market will crash and "everybody would be very poor" if Democrats regain control of Congress and attempt to impeach him.

"I guess it says something like high crimes and all — I don't know how you can impeach somebody who has done a great job," Trump told Fox News' "Fox and Friends" co-host Ainsley Earhardt, during a wide-ranging interview recorded Wednesday at the White House and aired Thursday morning.

"I will tell you what, if I ever got impeached, I think the market would crash. I think everybody would be very poor because without this thinking, you would see numbers that you wouldn't believe in reverse."

Further, he said, if Hillary Clinton had won the 2016 election, instead of the current 4.1 percent growth, the economy would have tanked.

Instead, he said he got "rid of regulations," and "did a lot of things."

"Had Hillary and the Democrats gotten in, had she been president, you would have had negative growth," he said. "We picked up $10 trillion in worth. China, by the way, has gone down $15 trillion, okay? And when I came, in China was a dominant force. Now, they like me very much. I get along great with President Xi Jinping."

Meanwhile, how seriously should people take Trump's claim that stocks would crash if he were kicked out of office?

In examining Trump’s claim about a crash, investors might reasonably ask how much of the policy benefit would be rolled back if his presidency were threatened. Analysts were mostly skeptical the president is in any real danger and not sure there’d be any major impact should he be, Bloomberg reported.

“Equity markets don’t seem to care, and we think they are right,” Nicholas Colas, Co-founder of DataTrek Research, wrote in a note.

To be sure, Trump has earned good assessments of his handling of the economy.

A new poll released Friday by The Associated Press-NORC Center for Public Affairs Research found Trump receives his best marks from the public on the economy: 51 percent say they approve of his handling of the economy, more than the share who approve of his performance on any other issue.

Nearly 9 in 10 Republicans approve of the president on economic policy.

And while Democrats are far more likely to express disapproval, 23 percent do approve of the president on the issue. That's a far greater share than the 7 percent of Democrats who approve of the job he's doing overall.

Material from Bloomberg and Reuters were used in this report.

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President Donald Trump cheered the economic growth that has occurred during his presidency, tweeting early Friday that he's just getting started.
trump, economy, twitter
Friday, 24 August 2018 12:37 PM
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