Did Donald Trump root for the housing crisis, the financial crisis and the Great Recession?
“I sort of hope that happens because then people like me would go in and buy,” Trump said in a 2006 audiobook from Trump University, answering a question about “gloomy predictions that the real estate market is heading for a spectacular crash.”
Is that good business as Donald Trump added in the debate? Maybe, but it is not good politics when 8.7 million jobs were lost and Center for Responsible Lending found that the spillover effects of foreclosures wiped out nearly $2 trillion in family wealth. (http://atlantadailyworld.com/ 2013/02/27/great-recession- price-tag-13-trillion/ ).
By June of 2016, the economy finally recovered the 8.7 million jobs that were lost in the Great Recession (http://www.latimes.com/ business/la-fi-jobs-20140607- story.html ).