Former President Trump and other Republicans hope to blame Monday’s stock plunge on Vice President Harris, dubbing it the “Kamala Crash.”
Trump led the charge on the messaging on Monday.
“Clearly there is a huge market downturn,” Trump said in a statement. publishon his social media platform Truth Social. “Kamala is even worse than Crooked Joe. The markets will NEVER accept the Radical Left Lunatic who DESTROYED San Francisco and California as a whole. Next step, THE GREAT DEPRESSION OF 2024! You cannot play with MARKETS. KAMALA CRASH!!!”
Later publishAlongside a video compilation that mixed stock market news with Harris praising “Bidenomics,” Trump punctuated the alliteration in the slogan: “’KAMALA KRASH’.”
US stocks tumbled on Monday morning as last week’s weaker-than-expected jobs report fueled concerns about the strength of the US economy and the outlook for microchip production. Global marketsparticularly those in Asia and Europe, have also declined.
There is no indication that Harris replaced former President Biden as the Democratic Party’s presumptive presidential nominee and drove the stock’s decline. But the new line of attack maintains the Republican Party’s strategy of tying Harris to Biden’s policies.
“It’s a harbinger of what to expect from a Kamala presidency,” the Republican National Committee’s rapid response team said of the stock drop in a press release Monday.
For Trump and Republicans, who have long viewed economic issues as electorally favorable, the market downturn provides an opportunity to gain an edge in campaign messaging.
Trump said in January that he expected there to be an economic crisis “within the next 12 months” — before he would take office if he won — so that he would not be like President Herbert Hoover, who took office just months before the 1929 stock market. accident that triggered the Great Depression.
Other Republicans quickly followed Trump’s lead in the “Kamala Crash” message.
“O#KamalaCrashit is the result of poor leadership and poor decisions made in the White House,” said Rep. Gary Palmer (R-Ala.) in a publishon social media site X.
“The American people are paying a real price this morning for two weeks of fake polls. Kamala’s Scam quickly became Kamala’s Crash,” Hung Cao, Republican Party candidate for Virginia Senate he saidin X.
The National Republican Congressional Committee pushed the nickname along with a compilation of news videos about the crisis that ended with Harris saying she is “proud” of “Bidenomics.”
“First, the Harris-Biden administrator and House Democrats have made life unaffordable. Now, the economy is heading towards a recession. #KamalaCrash”, the campaign arm of the Republican Party postedin X.
Harris, for her part, said during the campaign that boosting the middle class would be a “defining goal” of her presidency, speaking of economic messages that focus on tangible benefits for voters.
“We believe in a future where every person has the opportunity to build a business, to own a home, to build intergenerational wealth; a future with affordable health care, affordable child care and paid leave,” Harris said during a campaign stop in Atlanta last week.
However, it’s not certain that a stock drop will necessarily hurt Harris, according to influential GOP pollster Frank Luntz.
“For years I have studied economic factors that influence political outcomes. I can categorically say that the stock market doesn’t matter – it didn’t help Trump when he was up and it won’t hurt Harris when he was down,” Luntz said in a statement. publishin X.
A spokesperson for the vice president’s office did not immediately respond to a request for comment on Trump’s new slogan.
This story originally appeared on thehill.com read the full story
