Trump Blames Democrats for Stock Market Crash After Midterms
President Donald Trump blamed Democrats for a tech-driven stock market sell-off following their midterm election victory, signaling a contentious divided government in 2027.
President Donald Trump expressed openness to working with Democrats after their midterm election victory, but quickly shifted to blaming the party for a historic tech-driven stock market sell-off on Thursday. This followed a period where Trump claimed credit for record market highs shortly after the elections.
The friction arrives as the United States prepares for a divided government in 2027, with healthcare expected to be a primary point of conflict. Senator Bernie Sanders has advocated for the passage of Medicare for All and a reduction in the Medicare eligibility age. The White House estimates that such a plan would cost more than $45 trillion over a 10-year period.
Republican Senator Rick Scott opposed the Democratic agenda, arguing that the proposed healthcare changes would force the government to either significantly raise taxes for working Americans or increase the national debt, which he claims would drive inflation and interest rates higher.