Former President Donald Trump predicted the US economy would “crash,” saying he hoped it would do so within the next year – before he would assume the Oval Office should he win a second term in November.
“When there’s a crash, I hope it’s going to be during this next 12 months because I don’t want to be Herbert Hoover. The one president – I just don’t want to be Herbert Hoover,” Trump said in an interview that aired Monday on the right-wing platform Lindell TV.
The US stock market crashed during former President Herbert Hoover’s first year in office in 1929, which signaled the beginning of the Great Depression.
The comments come as the front-runner for the Republican nomination looks to drive home his message on the economy – and criticism of President Joe Biden – with less than a week to go until Iowa’s pivotal caucuses.
TBF, Hoover was a sore loser and repeatedly tried to force concessions out of FDR between the election and inauguration, particularly with respect to protecting the gold standard. But that’s as far as it went and FDR was able to just tell him to go pound sand.