MARTHA'S VINEYARD, MA - From his seaside mansion, former president Barack Obama announced today that he is formally passing ownership of the stock market and economy on to President Trump.

"All the gains were mine -- Trump didn't build that -- but this crash is all on Trump," Obama said as he admired the ocean, which will consume his home in fewer than twelve years. "My responsibility for the great economic gains in this country ended the moment the stocks started to tank this morning."

The former president said that he does reserve the right to reverse his stance and reclaim credit for any economic gains realized after the market turns around, whenever that may be. 

"As soon as this thing stabilizes, I'll be there, claiming credit for things I didn't do."

Obama also assured panicked Americans that if they like their economy, they can keep their economy.