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MaddowBlog-Fears of an 'economic catastrophe' helped push Trump toward an Iran deal
Why did the president accept a bad deal with Iran? Apparently because he saw his failed policy pushing the global economy toward a dangerous cliff.
Fears of an ‘economic catastrophe’ helped push Trump toward an Iran deal
— Mike Walker (@newnarrative.bsky.social) 2026-06-22T15:22:54.179Z
www.ms.now/rachel-maddo...
https://www.ms.now/rachel-maddow-show/maddowblog/iran-deal-trump-fears-economy-stock-market
In other words, Trump’s focus had nothing to do with natural security and everything to do with the economy. What’s more, the four-word phrase was part of a larger and underappreciated pattern. The Washington Post reported:
As the summit wrapped up, the Republican similarly said, “I’ve studied presidents, some good, some bad, some great. Not too many are great and some really bad. … And the one president I did not want to be was the late, great Herbert Hoover. I didn’t want that and who knows what would have happened.”
“If I went further, the stock market would be much lower,” the president said. “Now think of this: I have one primary wish as president, in terms of people: I never want to be the late, great Herbert Hoover.”....
In other words, based on Trump’s own comments, the war he started was poised to create an “economic catastrophe,” which he was desperate to avoid — and which led him to accept a framework that empowered Iran to get what it wanted in exchange for effectively no concessions at all.
In the more than 100 days since President Donald Trump launched a war with Iran, he has offered a shifting list of reasons for why he started the conflict. But in explaining his push for peace, he named a priority much closer to home: protecting the stock market.
“I didn’t want to see economic catastrophe,” Trump told reporters gathered in the Alpine spa town of Évian-les-Bains, France, after the Group of Seven summit.
As the summit wrapped up, the Republican similarly said, “I’ve studied presidents, some good, some bad, some great. Not too many are great and some really bad. … And the one president I did not want to be was the late, great Herbert Hoover. I didn’t want that and who knows what would have happened.”
“If I went further, the stock market would be much lower,” the president said. “Now think of this: I have one primary wish as president, in terms of people: I never want to be the late, great Herbert Hoover.”....
In other words, based on Trump’s own comments, the war he started was poised to create an “economic catastrophe,” which he was desperate to avoid — and which led him to accept a framework that empowered Iran to get what it wanted in exchange for effectively no concessions at all.
Oil reserves are running dangerously low. trump had to settle avoid a major economic disaster
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