JOURNAL ARTICLE

Trump says he 'doesn't want to be Herbert Hoover,' so he wants the economy to crash.

  • Published In: Fortune.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Morris, Chris; Daniel, Will 3 of 3

Abstract

The article discusses former President Donald Trump's belief that the U.S. economy is on the verge of a "crash," which he hopes will occur within the next year to avoid being compared to Herbert Hoover, who is often blamed for the Great Depression. Trump made these comments during an interview on Lindell TV, a platform created by conspiracy theorist Mike Lindell. Despite Trump's assertions, recent economic indicators suggest strength in the economy, with positive job and consumer spending reports, and the S&P 500 showing significant gains. The White House criticized Trump's remarks, emphasizing that a president should prioritize the well-being of American families rather than wishing for economic hardship for political gain. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2024/01, pN.PAG
  • Document Type:Article
  • Subject Area:Politics and Government
  • Publication Date:2024
  • Accession Number:174712428
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