Former President Trump and other Republicans have sought to blame Vice President Harris for Monday’s stock market crash, labelling it the “Kamala Crash.”
President Trump led the messaging on Monday.
“Obviously, the market is down a lot,” Trump said. stated in the postWriting on his social media platform, Truth Social, he said: “Kamala is even worse than Crazy Joe. The markets will never accept the Radical Left Crazy Maniac who destroyed San Francisco and all of California. Next move: Great Depression in 2024! You can’t game the markets. Kamala is down!!!”
in Later PostNext to an edited video that mixed stock market news with Harris’ praise for “Bidenomics,” Trump emphasized the alliterative nature of his catchphrase: “KAMALA KRASH.”
U.S. stocks fell sharply on Monday morning as weaker-than-expected jobs data released last week raised concerns about the strength of the U.S. economy and the outlook for microchip production. Global MarketDemand also declined, particularly in Asia and Europe.
There is no indication that Ms Harris’s ouster as the Democratic presidential nominee instead of former President Biden contributed to the stock market decline, but the new line of attack is in keeping with Republican strategy to link her to Mr Biden’s policies.
“This is a harbinger of what’s to come under a Kamala presidency,” the Republican National Committee’s emergency response team said in a mass email to reporters on Monday about the stock market decline.
For President Trump and the Republican Party, which has long believed that economic issues will give them an electoral advantage, the market downturn presents an opportunity to gain an advantage in their election messaging.
In January, Trump said that if elected, he would like to see an economic crisis “within the next 12 months” before he takes office, avoiding a repeat of what happened with former President Hoover, who took office just months before the 1929 stock market crash that sparked the Great Depression.
Other Republicans quickly followed Trump’s “Kamala crush” message.
“#KamalaCrush“This is the result of poor leadership and poor decision-making from the White House,” said Rep. Gary Palmer (R-Alabama). stated in the postOn social platform X.
“The American people are paying the price this morning for two weeks of fake polls. The Kamala coup quickly became a Kamala crash,” said Hung Kao, Republican Senate candidate from Virginia. I said it with X.
The National Republican Congressional Committee promoted the moniker with a video compilation of news reports about the economic downturn, concluding with Harris saying she was “proud” of “Bidenomics.”
“First, the Harris-Biden Administration and House Democrats have made life impossible. Now the economy is heading for a recession. #KamalaCrush,” the House Republican campaign organization argued. Post to X.
During the campaign, Harris said strengthening the middle class would be a “defining goal” of her presidency, focusing her economic message on tangible benefits for voters.
“We believe in a future where everyone has the opportunity to start a business, own a home and build generational wealth; a future with affordable health care, affordable child care and paid leave,” Harris said during a campaign stop in Atlanta last week.
But Frank Luntz, a leading Republican pollster, said it’s unclear whether the drop in stock prices would necessarily hurt Harris.
“I’ve spent years studying the economic factors that influence political outcomes and I can say with certainty that the stock market doesn’t matter. A rise in stock prices doesn’t help Trump and a fall in stock prices doesn’t hurt Harris,” Luntz said. X said in his post.
A spokesman for the vice president’s office did not immediately respond to a request for comment on Trump’s new catchphrase.
