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.
Dave Portnoy has turned on Donald Trump yet again over the plummeting stock market
‘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).’
The post wasn’t the first time the conservative icon has taken aim at the president over the plummeting stock market.
Portnoy has been vocal about his financial hits due to the stock market dips brought about by Trump’s controversial tariffs, and has even revealed he’d consider ditching Trump for the Democrats if America’s economy doesn’t show major improvements soon.
In an anti-MAGA rant earlier this month, he admitted earlier this month that he ‘didn’t understand’ the tariffs, but was down a staggering $7million as a result, later revealing he’d actually lost close to $20m.
He went on to say that he lost 20 percent of his net worth and slammed Trump for going golfing in Florida while the country’s economy was in turmoil.
More to follow.
