President Donald Trump blamed Democrats for the losses in Americans’ 401(k) portfolios as the selloff in technology and artificial intelligence-related stocks deepened after his Republican Party suffered widespread losses in Tuesday’s midterm elections.
“It took us so much work to get us to a level that no one has ever seen before, and then this. “Your 401(k)s have, therefore, dropped.
“Such a sad thing to watch!” the president said in a post on his Truth Social platform on Thursday evening. Remember, it wasn’t Republicans , it was Dumocrats,” the president said, using a derisive nickname for his opponents that he often deployed at rallies during the fall campaign. In another post, the president wrote that the market rout occurred because Democrats “had a big Tuesday — So said to see, you only have yourselves to blame!”
After weeks of casting doubt on the election’s legitimacy in the event Republicans lost, Trump said Tuesday night that he would accept the midterm results. Still, he deflected blame for the losses, saying he would have won in a landslide had he been on the ballot, while congratulating Democrats for doing a “good job. The president said on Wednesday that high fuel prices stoked by his war in Iran were to blame for the Republican Party’s midterm wipeout but maintained that the conflict was justified.
Trump has voiced strong support for data centers despite widespread opposition and dismissed proposals to restrict AI in favor of light regulation.
