CNN’s “The Source with Kaitlan Collins” unleashed a devastating flurry of irony on Friday night when guest host Jim Sciutto played a montage of footage showing President Donald Trump in 2024 promising a stock market “crash” if he failed to get elected.
“… If we don’t win, you’re gonna have a stock market crash.”
“… You will have the largest stock market crash we’ve ever had …”
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“… If we lost this election, I think the market would go down the tubes.”
“… And when there’s a crash I hope it’s going to be during the next 12 months because I don’t want to be Herbert Hoover,” Trump concluded in the final clip. “Of any one president, I just don’t want to be Herbert Hoover.”
"Does anybody in the White House acknowledge the quite obvious and public fact that Trump warned about a market crash, but in fact, he won, and we have a market crash?” asked Sciutto.
“Quite frankly, they are not doing that,” said Shelby Talcott, White House Correspondent for Semafor. “What I think is interesting … is the fact that this [version of] Donald Trump is sort of unleashed. He knows what he wants to do. He talked about tariffs on the campaign trail, and despite the fact that we have a market crash, (officials) are insisting that this market crash is just temporary, essentially, and that Americans just sort of need to ride it out.”
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Trump’s accidental irony is all over the internet, and other news sources are quickly making the comparison.
“It was just five years ago when Donald Trump, worried about a re-election race he would ultimately lose, warned that his defeat would lead to economic ruin,” wrote MSNBC author Steve Benen today.
Benden pointed out that even as Trump faced off against Democratic opponent Joe Biden, who would eventually beat him in that race, he made rather specific prediction.
“They say the stock market will rule if I’m elected,” Trump said, failing to identify who “they” might be. He added, in reference to Joe Biden: “If he’s elected, the stock market will crash.”
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Trump was right, but had used the wrong president, Benen said.
Watch the video below or by clicking this link.