President Donald Trump raised eyebrows — and sparked a wave of online mockery — during a White House signing ceremony Friday when he appeared to accidentally roast himself while boasting about his economic brilliance.
While signing the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), Trump claimed a “smart president” would never let the U.S. dollar lose value. But there was one problem: under Trump’s own leadership this year, the dollar has had its worst start since 1973 — down more than 10 percent in just six months.
“No, we’re not going to let the dollar slide. If you have a smart president, you’re never going to let the dollar slide,” Trump declared in the East Room. “If you have a dummy, that could happen.”
Critics quickly pounced, noting that the ICE U.S. Dollar Index — which tracks the dollar against other global currencies — has fallen from 109.34 in January to just 98.46, signaling a deep loss in confidence among global investors.
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