President Joe Biden claimed the Biden-Harris administration had “fixed” the economy just days before the Dow Jones Industrial Average. Dropped On Monday morning, the Nasdaq fell 900 points, or 6%, as stocks tumbled globally.
“I fixed the economy,” Biden said Tuesday when asked about his administration’s accomplishments.
Joe Biden, last week: “I fixed the economy.”
— Steve Guest (@SteveGuest) August 5, 2024
About a week later, economists expressed fears of a recession, CNBC reported. report:
U.S. stocks fell sharply on Monday amid global selling pressure amid fears of a U.S. economic recession. Nikkei 22 Stocks fell 12%, the worst since the Wall Street Crash of 1987.
Concerns over a U.S. recession were the main driver of the global market selloff after Friday’s disappointing July jobs report. Investors are also concerned that the Federal Reserve has been slow to cut interest rates to shore up a slowing economy, opting last week to keep them at their highest level in two decades.
“The stock market is crashing, employment numbers are terrible, we’re heading for World War III and we have two of the most incompetent ‘leaders’ in history,” Trump said. Posts on Truth Social on Monday. “This is not OK!!!”
Four years ago today, Trump claimed the stock market would “crash” if Joe Biden were elected.
“The stock market has reached an all-time high under President Biden.” pic.twitter.com/4ZXsmtgh7z
— Kamala HQ (@KamalaHQ) May 24, 2024
<
“The Nasdaq has never fallen more than 1,000 points, even in a single day.”#KamalaCrush pic.twitter.com/iCXN83vOkQ
— RNC Research (@RNCResearch) August 5, 2024
Wendell Fsebo is a political reporter for Breitbart News and a former war room analyst for the Republican National Committee. He is the author of: The Politics of Slave MoralityFollow Wendell “Bat” @WendellHusebø or The truth of society @WendellHusebo.
