President Donald Trump won’t stop ranting about the stock market amid backlash to his disastrous peace deal with Iran.
“These fools, who think I haven’t been tough enough on Iran, when the Stock Market Just Hit A RECORD HIGH, and Oil prices are ‘tumbling; down, are either jealous, bad people, or stupid,” Trump wrote on Truth Social early Thursday morning.
But that was only the beginning: Trump proceeded to post multiple times railing against his critics, pointing to the stock market and oil prices as proof of his masterful deal making.
“Markets are loving what is happening with Oil Prices way down, and Stocks way up,” Trump wrote in one post. “All there is for the U.S. is Success, Lower Oil Prices, and Victory. Check out the Stock Market,” he wrote in another. “THE STOCK MARKETS ARE ROARING,” he wrote in yet another missive.
After Trump signed the peace deal with Iran Wednesday, Wall Street jumped one percent after the deal was confirmed Wednesday, and stocks have continued to rise despite Federal Reserve Chair Kevin Warsh’s decision to hold interest rates steady. Oil prices dropped to their lowest prices since the war began. Trump gloats about these changes as if he expects us to forget how they got that way in the first place.
But Trump’s peace deal won’t solve the country’s oil issues overnight, especially after the months-long closure of the Strait of Hormuz threatened to take the U.S. oil supply into the danger zone.
Even if some things are bouncing back, that still wouldn’t take away from the fact that Iran is in a stronger position now than it was before the war, and the United States is slowly crawling back to where it started.
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