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New Leaders Council

Kaine statement on Trump rooting for housing market collapse

Originally published on May 24, 2016 on Augusta Free Press by Augusta Free Press Staff

Senator Tim Kaine, who served as Governor of Virginia during the economic crisis, criticized presumptive Republican presidential nominee Donald Trump over recent revelations that Trump actively rooted for the housing market to collapse ahead of the Great Recession, calling his candidacy “too big a risk for our country.”

Last week, CNN reported that, in 2006, Trump actually rooted for the housing and real estate market to fail so he could try to “make a lot of money.” Yesterday, NBC News reported that Trump said he was “excited” for the housing bubble to burst, one year before the U.S. economy was hit by the worst recession since the Great Depression.

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