‘This is desperate’: Trump mocked as he takes credit for record-high stock market under Biden

PALM BEACH, FLORIDA: The former President of the United States, Donald Trump, has claimed credit for the recent record highs of the stock market, more than three years after he left office.

The 77-year-old GOP presidential frontrunner, who has predicted a certain large-scale economic collapse if he is not re-elected to the White House, contended on his Truth Social platform on Monday, January 29, that the optimistic outlook on Wall Street is being driven by polls showing him ahead of President Joe Biden in a presumed rematch in November.

“THIS IS THE TRUMP STOCK MARKET BECAUSE MY POLLS AGAINST BIDEN ARE SO GOOD THAT INVESTORS ARE PROJECTING THAT I WILL WIN, AND THAT WILL DRIVE THE MARKET UP — EVERYTHING ELSE IS TERRIBLE (WATCH THE MIDDLE EAST!), AND RECORD SETTING INFLATION HAS ALREADY TAKEN ITS TOLL. MAKE AMERICA GREAT AGAIN!!!” he stated.

The post written in all-caps suggests that Trump perceives his popularity among the public as a major factor influencing the market's performance.

How did Biden's campaign team react to Trump’s claim to fame?

President Biden's campaign team criticized the post, claiming that Trump was "desperately trying to take credit for the stock market hitting record highs under President Biden".

Recently, ahead of this month’s Iowa caucuses, former President Trump repeatedly forewarned in his campaign speeches that the stock market would crash if he doesn’t win the presidential election, in his ploy to increase voter turnout and secure an outright victory.

During a Fox News Town Hall event in Iowa on January 10, Trump stated, “I think the economy is horrible, except the stock market is going up, and I think the stock market is going up because I’m leading Biden in all of the polls. I think there will be a crash if I don’t win.”

However, it was all for naught as The Dow Jones Industrial Average and the S&P 500 index hit an all-time high last week, per a report by The Hill.

But notably, Trump asserted a comparable prediction prior to losing the 2020 presidential election.

The then POTUS claimed during a campaign rally that year, “If Biden wins, you’re gonna have a stock market collapse, the likes of which you’ve never had.”

President Biden’s team unearthed that video clip and reposted it on X last week, with the 81-year-old commander-in-chief quipping, “Good one, Donald.”

The analysis of polls by The Hill and Decision Desk HQ indicates that Biden and Trump, the GOP front-runner, are in a tight race if they were to face off in this year’s general election, with Trump leading by an average of 2.2 percentage points.

Internet backs President Biden amid outlandish Truth Social post by Trump

People on X sided with President Joe Biden when it came to dunking on former President Donald Trump who was prepared to receive the praises and plaudits for the stock market hitting record-high numbers, just this last week.

One X user remarked: “That’s Joe Biden’s Stock Market."

Another user said: "Trump put the economy into recession in Feb 2020."

Another user wrote: "Real test would be to ask him if he would be taking credit for it if it’s tanked? We all know the answer to that. Thanks, Joe Biden, the true responsible policy maker."

One user quipped: "It seems the stock market goes up every time he loses a court case! Hope Tump keeps losing! My 401k will thank him!"

Another X user remarked: "All those Trumper's better get all of their savings in before its' too late."

Finally, this user tweeted: "Even MAGA can't deny this is desperate."

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.