Dave Portnoy has turned on Donald Trump yet again, twisting the knife over the plummeting stock market.
Trump’s first 100 days in the Oval Office marked the worst for the US stock market since the 1970s with it on track to have lost almost 8 percent during the opening few months of his second term.
But the president shook off any responsibility in a Truth Social post Wednesday, as he blamed his predecessor, Joe Biden, for the Wall Street chaos and denied his tariffs have played any role in the crashing stock market.
‘This is Biden’s Stock Market, not Trump’s,’ he insisted. ‘I didn’t take over until January 20th. Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers. Our Country will boom, but we have to get rid of the Biden “Overhang.” This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers, but when the boom begins, it will be like no other. BE PATIENT!!!’
But Portnoy, who publicly backed Trump in the buildup to last November’s election, hit back at the claim, slamming the 78-year-old for blaming Biden’s ‘overhang.’
‘What’s that old expression? Don’t piss down my back and tell me it’s raining? Well that applies here,’ the Barstool Sports chief posted on X alongside a screenshot of Trump’s Truth Social rant.
‘The stock market is a direct reflection of Trumps 1st 100 days in office. Doesn’t mean it won’t get better and that we don’t need to be patient, but this is his market not Bidens (sic).’
More to follow.
