President Donald Trump on Friday suggested he will personally stave off any downturn in the U.S. economy, boasting that he will “always find a way to win” as financial indicators point toward a possible recession.
“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.
Story Continued Below
“They are willing to lose their wealth, or a big part of it, just for the possibility of winning the Election,” he continued. “But it won’t work because I always find a way to win, especially for the people! The greatest political movement in the history of our Country will have another big win in 2020!”
The posts from the president follow a report Thursday by The Washington Post that White House officials briefed Trump earlier this month on internal forecasts showing the economy decelerating over the next year as he competes for reelection.
POLITICO reported Tuesday that acting White House chief of staff Mick Mulvaney told Republican donors at a fundraising luncheon in Wyoming this week that a potential recession would be “moderate and short” if the economy were to face such a crisis.
Despite the warnings from within his administration and among economic analysts, Trump has crowed about the state of the economy, which he tweeted Thursday is “doing really well.”
The president and his allies have also accused members of the media and Democratic rivals of exaggerating the potential for an economic slowdown ahead of the 2020 election. Trump has signaled that he plans to make his handling of the economy and voters’ financial security major talking points in his bid for a second term.
“The Fake News LameStream Media is doing everything possible the ‘create’ a U.S. recession, even though the numbers & facts are working totally in the opposite direction,” Trump tweeted Wednesday. “They would be willing to hurt many people, but that doesn’t matter to them. Our Economy is sooo strong, sorry!”
Trump has contradicted top aides and even himself in recent days regarding actions the administration could take in an attempt to bolster the economy, sending mixed signals on the likelihood of various tax reductions.
Although Trump claimed Tuesday he has “been thinking about” the prospect of slashing payroll taxes, he backtracked Wednesday, telling reporters: “I’m not looking at a tax cut now.”