Trump To India’s Business Leaders: Bernie Sanders Caused Stock Market To Crater
President Donald Trump told business leaders at the U.S. embassy in New Delhi that Democratic presidential front runner Bernie Sanders is advocating “totally unaffordable” policies that are “not going to work,” according to Bloomberg.
“When we win re-election -- I think we will -- when we win, I think the market’s going to go up, it’s going to be like a rocket ship, like last time, but even more so,” Trump said. “I think the fact that the Democrats are so radical, so out of control, they honestly don’t know what they’re doing.”
Past presidents have shied away from discussing domestic politics on foreign soil, but Trump moved on to blame the election season for holding the value of the stock market down. He claimed that investors are worried Sanders and other candidates had “a real chance” of winning the presidency.
Trump’s decision to target Sanders’s policies underscores worries within the White House that the president’s re-election campaign is relying on a humming economy amid growing concerns over the impact of the coronavirus outbreak in China.
In response to the sharpest daily declines since 2018 in the Dow Jones Industrial Average and S&P 500, Trump said, “Things like that happen.” He believes the virus is “under control” in the U.S. and said his administration was working “very hard” and spending “a tremendous amount of money” to address the outbreak, noting that the White House requested $2.5 billion in additional funds from Congress to fight the virus.
The money will be spent “on getting everything ready just in case something should happen and also helping other nations that aren’t equipped to do it.” Trump reiterated his confidence in Chinese President Xi Jinping, saying officials in Beijing were “working very hard.”
“I think he’ll be in pretty good shape,” Trump said. “They’ve had a rough patch and I think right now they have it -- it looks like they’re getting it under control more and more.”