Trump Predicts Financial Markets to Calm Down, Blames Democrats

(Bloomberg) -- President Donald Trump blamed Democrats for the recent turmoil in U.S. financial markets and predicted that they’ll calm down.

“As I have stated many times, if the Democrats take over the House or Senate, there will be disruption to the Financial Markets,” Trump said on Twitter, a day after Democrats officially took control of the U.S. House. “We won the Senate, they won the House. Things will settle down.”

Trump regularly took credit for stock market gains during his first year in office, but has taken to faulting the minority party and the Federal Reserve for losses that analysts say have been exacerbated by his trade war with China and the partial government shutdown that he triggered with his demand for funds to pay for his proposed U.S.-Mexico border wall.

The Twitter message came as White House Press Secretary Sarah Sanders said on Fox News that Trump wouldn’t back down on his demand for wall funding, as the shutdown is set to enter its third week with no end in sight. Two measures that passed the House last night are “nonstarters” because they didn’t fund the proposed barrier, Sanders said.

Trump also lashed out at liberal Democrats who’ve called for his impeachment, after video leaked of freshman Representative Rashida Tlaib of Michigan at a political event. Tlaib told her son they planned to impeach the president, using an expletive to refer to Trump. “They only want to impeach me because they know they can’t win in 2020, too much success!” he said.

Trump tweeted, “How do you impeach a president who has won perhaps the greatest election of all time, done nothing wrong (no Collusion with Russia, it was the Dems that Colluded), had the most successful first two years of any president, and is the most popular Republican in party history 93%?”

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