Hillary Clinton Blasts Donald Trump For Cheering Housing Bubble Burst

Clinton's campaign released an ad with audio Trump recorded in 2006 in which he spoke of a "bubble burst" that he "sort of hope... happens."
Former Secretary of State Hillary Clinton speaks during a campaign event on May 24, 2016 in Commerce, California.
Former Secretary of State Hillary Clinton speaks during a campaign event on May 24, 2016 in Commerce, California.

WASHINGTON (Reuters) - Democrat Hillary Clinton, seeking to dampen Republican presidential candidate Donald Trump's growing appeal with working-class voters, on Tuesday accused him of having cheered on the 2008 housing market crash.

Clinton's campaign released an ad with audio the presumptive Republican nominee had recorded in 2006 for his now-defunct Trump University venture. Trump, a billionaire real estate developer, said of a "bubble burst" that "I sort of hope that happens because then people like me would go in and buy" property and "make a lot of money."

Clinton's campaign and her surrogates have seized on the recording to argue that she would take better care of the U.S. economy. She is seeking to blunt the inroads that Trump has been making with voters in crucial states such as Florida and Ohio.

Trump, in a statement released Tuesday afternoon, defended the comments as the mark of shrewd dealmaking, arguing that he would bring that sort of sharp business acumen with him to the White House.

"Frankly, this is the kind of thinking our country needs, understanding how to get a good result out of a very bad and sad situation. Politicians have no idea how to do this – they don’t have a clue," he said.

Trump has never held elected office and often touts his history as a businessman in response to accusations that he is unprepared to assume the presidency.

Opinion polls in key states show Clinton, the front-runner for the Democratic nomination, and Trump are in a tight race ahead of the Nov. 8 U.S. presidential election. Nationally, Trump has been rising in polls to pull roughly even with Clinton.

Clinton surrogates from Ohio and Florida held a conference call with reporters about Trump's statements. Her campaign also hosted related events in Virginia, Pennsylvania, New Hampshire, Iowa, Colorado and Nevada, which will all be battlegrounds in November's general election.

"How could Trump possibly champion the collapse of the housing market and our economy?" U.S. Representative Tim Ryan of Ohio said on the call.

Clinton, meanwhile, is still fighting on two fronts as she seeks to wrap up her primary battle with Democratic rival Bernie Sanders, a U.S. senator from Vermont.

Clinton and Sanders both campaigned on Tuesday in California, which is among six states holding Democratic nominating contests on June 7. California has more Democratic delegates than any other state, and Sanders has invested heavily there.

Clinton needs to win California for a strong finish heading into her party's national convention in July and to dispel questions about whether she can unite the party after a drawn-out, increasingly bitter primary race.

Clinton on Monday turned down an invitation by Fox News to debate Sanders in California despite having agreed previously to a May debate. Her campaign said Clinton's time would be better spent meeting directly with California voters.

Sanders took Clinton to task, saying her refusal was an insult to California voters. In a television ad released by his campaign on Tuesday that will run ahead of California's primary, Sanders says the state is a "long way to Washington" but voters can "send them a message they can't ignore."

Sanders on Tuesday also requested that the state of Kentucky review his loss there last week toClinton by fewer than 2,000 votes. Kentucky's secretary of state, Alison Grimes, said in a statement that they will recanvass the results at all 120 county boards of election.


(Additional reporting by Alana Wise and Doina Chiacu; Editing by Jonathan Oatis)