Subject: Donald Trump: Buy Low, Sellout the American People
From: DNC Press <[email-masked]>
To: DNC Press <[email-masked]>
Date: Tue, 24 May 2016 15:15:17 +0000

<http://factivists.democrats.org/donald-trump-buy-low-sellout-the-american-people/>

"Donald Trump's comments in 2006 prior to the U.S. housing market collapse are just the latest examples of how when Donald Trump wins, everyone else loses. Trump said he was 'excited' for a collapse of the housing market that eventually cost Americans trillions and led to millions of lost jobs. Donald Trump's lack of concern for the economic well-being of hard-working families shows that he doesn't have the judgement and temperament to occupy the Oval Office."  - DNC Communications Director Luis Miranda

Trump Cheered on the Collapse of the Housing Market

*         In March of 2007, Trump said<http://www.theglobeandmail.com/report-on-business/trump-touts-soft-markets-in-cities-like-toronto/article17993211/> of the real estate market, "People have been talking about the end of the cycle for 12 years, and I'm excited if it is," and that "I've always made more money in bad markets than in good markets."

*         In 2006, he said<http://www.cnn.com/2016/05/19/politics/donald-trump-2006-hopes-real-estate-market-crashes/index.html> in a Trump University audio book of a housing collapse, "I sort of hope that happens because then people like me would go in and buy."

*         He noted in the same audio book that, "If there is a bubble burst, as they call it, you know you can make a lot of money."

The Effects of the Collapse were Devastating

*         The value of real estate owned by U.S. households fell<http://fivethirtyeight.com/features/why-the-housing-bubble-tanked-the-economy-and-the-tech-bubble-didnt/#fn-1> by $7.1 trillion between 2007 and 2009.

*         Median household wealth fell<http://www.pewsocialtrends.org/2011/07/26/chapter-2-household-wealth/> in the U.S. by 28% between 2005 and 2009. [Inflation-Adjusted? Apples to Apples] Median wealth decreased<http://www.pewsocialtrends.org/2011/07/26/wealth-gaps-rise-to-record-highs-between-whites-blacks-hispanics/> by 66% among Hispanic households and 53% among black households.

*         By February 2010, U.S. employment had declined<http://www.bls.gov/opub/mlr/2011/04/art1full.pdf> by 8.8 Million.

View this post on our Factivists site here<http://factivists.democrats.org/donald-trump-buy-low-sellout-the-american-people/>.

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