Blame Game: Is the "Kamala Crash" Just Political Spin? You Decide.
Former President Trump and other Republicans are hoping to pin Monday’s stock plunge on Vice President Harris, dubbing it the “Kamala Crash.”
Trump led the charge on messaging on Monday.
“Of course there is a massive market downturn,” Trump said in a post on his social media platform Truth Social. “Kamala is even worse than Crooked Joe. Markets will NEVER accept the Radical Left Lunatic that DESTROYED San Francisco and California, as a whole. Next move, THE GREAT DEPRESSION OF 2024! You can’t play games with MARKETS. KAMALA CRASH!!!”
In a later post alongside a compilation video that mashed up the stock market news with Harris praising “Bidenomics,” Trump punctuated the alliteration in the tagline: “‘KAMALA KRASH.’”
U.S. stocks plunged Monday morning as last week’s weaker-than-expected jobs report fueled concerns about the strength of the U.S. economy and the outlook for microchip production. Global markets, particularly those in Asia and Europe, also declined.
There is no indication that Harris replacing former President Biden as the Democratic Party’s presumptive presidential nominee drove the stock downturn. But the new attack line keeps with the GOP strategy of tying Harris to Biden’s policies.
“It’s a harbinger of what to expect in a Kamala presidency,” the Republican National Committee’s rapid response team said of the stock dip in a press blast on Monday.
For Trump and Republicans, who have long seen economic issues as favorable for them electorally, the market downturn provides an opportunity to get a leg up on campaign messaging.
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