Trump blames market bloodbath on Harris-Biden administration, dubbing it the ‘KAMALA CRASH’

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Trump blames market bloodbath on Harris-Biden administration, dubbing it the ‘KAMALA CRASH’

By The Blaze, August 5th, 2024

President Donald Trump warned in the lead-up to the 2020 election that the stock market would crash in the event that Joe Biden and Kamala Harris were afforded an opportunity to lead the nation. When the crash did not come immediately, the liberal media laughed off his warning as politically charged nonsense.

Again, earlier this year, Trump warned that the market would be headed for trouble under the Harris-Biden administration, and again he was mocked like the Cassandra of Greek legend.

Sam Stovall, chief investment strategist at CFRA Research, was among the many who shrugged off Trump’s doom saying, telling CNN, “Fear sells.”

The X account for what is now the Harris campaign shared a post in May mocking Trump’s warning. President Joe Biden re-shared the post along with a meme insinuating Trump was a loser.

Months later, it became clear that Trump’s fears, though premature, were justified.

A dismal Labor Department job report landed Friday, fueling fears of a coming recession and sparking a market selloff. Amid the U.S. market nosedive Friday, Trump responded on Truth Social, writing, “Kamalanomics.”

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AUTHOR

Geller Report Staff

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