Trump accuses news media of trying to crash the economy

Politico (USA) | Aug 15, 2019 at 1:47 PM
  • President Donald Trump on Thursday baselessly accused the press of trying to tank the American economy, shrugging off any blame for a prospective economic slowdown and possible recession heading into his reelection next year.
  • Trump’s outburst comes after the Dow Jones Industrial Average suffered its worst day of the year on Wednesday, sliding 800 points after one economic measure that has reliably preceded the last five recessions triggered alarm bells on Wall Street.
  • Despite the Trump administration’s insistence that the strong economy is on track to continue, many economists have warned of the potential of a recession amid a global economic slowdown.