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Trump: Dems, media 'willing to lose their wealth' to try to beat me

The Hill logo The Hill 8/23/2019 John Bowden
Donald Trump wearing a suit and tie: Trump: Dems, media 'willing to lose their wealth' to try to beat me © UPI Trump: Dems, media 'willing to lose their wealth' to try to beat me

President Trump said Friday morning that "the Democrat Party" and "Fake News Media" are trying to convince the nation that a recession is on the way in an effort to hurt his reelection chances next year.

In a pair of tweets, Trump vowed that he would win in 2020 while simultaneously clamping down on warnings of an upcoming recession, which some financial experts have warned could occur in the next two years.

"The Economy is strong and good, whereas the rest of the world is not doing so well. Despite this the Fake News Media, together with their Partner, the Democrat Party, are working overtime to convince people that we are in, or will soon be going into, a Recession," Trump tweeted.

Some 38 percent of economists recently surveyed expected the U.S. to enter a recession in 2020, citing rising global uncertainty and market pains caused by Trump's tariffs.

Trump has repeatedly dismissed those concerns while simultaneously faulting the Federal Reserve for its handling of interest rates, saying already strong growth could skyrocket if the Fed would only move faster.

"I don't think we're having a recession. We're doing tremendously well," Trump said on Sunday.

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