Internet dubs Biden’s policies ‘failure’ as stock market crashes days after POTUS tweeted about strong economy

WASHINGTON, DC: President Joe Biden once again became the subject of online trolling after he made a post about the strong performance of the economy, only for Wall Street to experience a crash just days later, contrasting his optimistic tweet.

Criticism directed at Biden is not unfamiliar, evidenced most recently during the official visit of King Abdullah II of Jordan on February 12. Biden appeared visibly confused about his positioning after delivering remarks at a White House press conference. He was observed pacing back and forth behind the podium while King Abdullah prepared to speak.

Trolls also took aim at Biden's presidential campaign when it announced plans to establish a presence on the social media platform TikTok, despite the President's previous reservations regarding the potential national security implications associated with the Chinese-owned app.

Stock market crashes days after Joe Biden tweeted about soaring economy

Fox News reported that on Tuesday, February 13, the stock market experienced a significant downturn, heading towards its most substantial loss in nearly a year following a disappointing inflation report, just days after Biden expressed optimism about the economy.

Over the weekend, Biden shared an article from NBC News highlighting the stock market's rise on Friday, February 9, attributed to a lower-than-initially-reported inflation reading for December and the S&P 500 closing above the 5,000 mark.

As per NBC News, notably, the S&P 500 had initially surpassed the 4,000 milestone in April 2021. Responding to this news, Biden tweeted, as relayed by Fox News, "Good news for folks as we start the weekend. The stock market going strong is a sign of confidence in America’s economy."

However, Fox News stated that a sharp downturn was noted in the market, with the Dow Jones Industrial Average plummeting 524 points, or 1.4%, from its previous record. The Nasdaq composite, which had been nearing its all-time high in 2021, dropped by 1.8%.

The report further explained that high-interest rates had adverse effects on various investments, particularly impacting high-growth stocks like those of technology companies. Stocks such as Microsoft and Amazon saw significant decline, contributing to the overall market downturn.

The market losses were widespread, with nearly 90% of stocks in the S&P 500 experiencing declines. This downturn marked one of the most significant obstacles for the index since its substantial rally began in late October, according to Fox News.

Additionally, Fox News reported that the Dow Jones Industrial Average saw a decline of 731 points, or 1.9%, from its previous record, while the Nasdaq composite was down by 2.2%, approaching its 2021 all-time high, with an hour left in trading.

The market's downturn prompted criticism of Biden on social media, with users expressing discontent through their tweets.

Internet calls Joe Biden's policies a 'failure'

A user asked if Biden is aware of how the stock market works and wrote, "Does he remember that gains are when the green arrow goes up?"

Another user commented, "Biden is in a sharp decline. Just like the economy."

A user commented, "He's just an old man with a poor memory!"

Another user commented, "This is true bidenflation now proving his policies are a failure."

This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.