Donald Trump wants U.S. economic bubble to pop before he becomes president

At this point in the primary cycle, Donald Trump is likely to be the Republican nominee. As far as becoming president, that will go to statist-in-waiting Hillary Clinton.

But if Trump pulls of the miraculous win and defeats Clinton come Novermber, how will the United States economy be doing by then? It’s like that any type of economic decline or even a recession would be blamed on “conservative, capitalist economic policies” similar to the 2008 economic collapse.

Speaking in an interview with ABC‘s “Good Morning America” (via Reuters) on Tuesday, Trump said the U.S. economy is in a bubble and it will eventually burst. He fears that when it bursts he’ll have to deal with a financial crisis soon after being elected to the White House.

Trump conceded that improving the economy would be one of the biggest challenges he’d face if president, in addition to the Iran nuclear deal.

“It’s a very daunting task, and we’re in deep trouble. The country’s a mess,” said Trump. “We’re in a bubble. And, frankly, if there’s going to be a bubble popping, I hope they pop before I become president because I don’t want to inherit all this stuff. I’d rather it be the day before rather than the day after, I will tell you that.”

This isn’t the first time that Trump touched upon this topic.

Late last year, Trump said the Federal Reserve was purposely keeping interest rates low in order to help President Obama and the Democrats (SEE: Donald Trump warns Federal Reserve rate hike will trigger a recession). He believes any substantial rate hike would burst the U.S. economic bubble.

“This is a political thing, keeping these interest rates at this level,” Trump told a news outlet at the time. “Janet Yellen for political reasons is keeping interest rates so low that the next guy or person who takes over as president could have a real problem.”

Trump isn’t alone in this kind of thinking.

Peter Schiff, president and CEO of Euro Pacific Capital, noted that Yellen was keeping interest rates low to ensure the Democrats would win the White House.

“If weakening conditions prevent the Fed from pulling the rate hike trigger by December, can we really expect it to do it in the election year of 2016?” Schiff wrote. “Does anyone really expect the left-leaning Federal Reserve led by Janet Yellen to do that? We may not see a rate increase until 2017, even if conditions improve, which is a dubious proposition.”

The billionaire real estate mogul has been generating quite the buzz this week when he confirmed he will not be attending Thursday’s Fox News debate. Instead, he’ll be hosting an event in Iowa to raise money for wounded veterans.

With the Iowa caucuses just days away, will it hurt him? The polls suggest it’s a tight race in the early voting state as Trump is leading by just five points over Texas Senator Ted Cruz.

–AM