#TrumpRecession Trends As Dow Drops 800 Points and Americans Blame President for Looming Recession

As the U.S. stock markets experienced their worst drop of 2019 on Wednesday, #TrumpRecession began trending on Twitter with tens of thousands of Americans blaming the president for what appears to be a looming recession.

The Treasury bond yield curve — a key predictor of every major downturn over the past five decades — inverted on Wednesday for the first time since the 2008 financial crisis, with the Dow Jones Industrial Average plummeting 3 percent or 800 points.

Commentators, lawmakers and citizens attributed the diving stock market to the president's economic policies and trade war with China, sending the hashtag #TrumpRecession to the top trending spot on Twitter. In recent days, economic forecasters have also blamed the trade war for contributing to rising fears of a recession.

"Why did the Dow drop over 700 points this morning & why is #TrumpRecession trending? Because the yield on the 10-year Treasury Note broke below the 2-year rate," congressman Ted Lieu tweeted. "This inverted yield curve has historically signaled [sic] an approaching recession. #WednesdayWisdom"

Trump on Wednesday took to Twitter to defend his trade war with China and blame the Federal Reserve for the deteriorating economy. "We are winning, big time, against China. Companies & jobs are fleeing. Prices to us have not gone up, and in some cases, have come down," the president tweeted, adding that "China is not our problem."

"Our problem is with the Fed," Trump continued, before calling Jay Powell, chairman of the Federal Reserve, "clueless."

Despite the president's remarks, thousands of social media users still blamed him for the potential of a recession.

New York Times contributing op-ed writer Wajahat Ali listed Trump's failed promises. "Trump promised to eliminate the debt in four years; he increased it," Ali tweeted. "He promised to win the easy trade war with China; he didn't. He promised Mexico would pay for the wall; it won't. His tax cuts were going to trickle down and spur the economy; it didn't. #TrumpRecession."

"'Trump came along and deregulated everything, weakening the post-Great Recession laws meant to curb Wall Street abuses, and authorizing a massive tax cut for the wealthiest Americans without paying for a cent of it.' #TrumpRecession," Twitter user @swingleft wrote, alongside a link to a Yahoo article titled "Trump 2020 Rest Belt Pitch Threatened by Manufacturing Recession."

"You can only ride the #StolenGlory of President Obama's recovery for so long before your own disastrous policies destroy it all. #TrumpRecession," New York Times columnist Charles M. Blow tweeted.

"Going to keep saying: it is unprecedented for the 'leader' of our country to interfere or publicly bully the Federal Reserve. It is the uncertainly from his trade war hurting the economy! #TrumpRecession," author Amy Siskind tweeted.

"I'm old enough to remember when a Black man saved the global economy, only to face backlash for being Black. #TrumpRecession," Charlotte Clymer, from the Human Rights Campaign, tweeted, referring to Obama.

"Today the US stock market dropped over 600 points because Donald Trump is an idiot #TrumpRecession," Twitter user @thegoodgodabove wrote.

"The Dow dropped over 700 points & #TrumpRecession is trending," freelance writer David Leavitt tweeted. "What did you expect from a guy who's gone through SIX bankruptcies, doesn't pay his employees, cheats on multiple wives, and cons students into going to a fake school?"

Donald Trump
President Donald Trump speaks to members of the press before departing from the White House on the south lawn before he boards Marine One on August 09, 2019 in Washington, DC. Tasos Katopodis/Getty
#TrumpRecession Trends As Dow Drops 800 Points and Americans Blame President for Looming Recession | Politics