Former President Trump and other Republicans hope The stock market crash on Monday on Vice President Harris and called it the “Kamala Crash.”
Trump led the way in messaging on Monday.
“Of course there is a massive market decline,” Trump said said in a post on 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 can’t play games with MARKETS. KAMALA CRASH!!!”
In a later post In addition to a compilation video that mashed up stock market news and featured Harris praising “Bidenomics,” Trump emphasized the alliteration in the slogan: “KAMALA KRASH.”
US Stock prices plummeted on Monday morning Last week’s weaker-than-expected employment report fueled concerns about the strength of the U.S. economy and the outlook for microchip production. Global Marketsparticularly in Asia and Europe, also declined.
There is no indication that Harris’s replacement of former President Biden as the Democratic Party’s likely presidential nominee caused the drop. But the novel line of attack remains true to the Republican strategy of linking Harris to Biden’s policies.
“It is a harbinger of what to expect from a Kamala presidency,” the Republican National Committee’s rapid response team said in a press statement on Monday about the share price decline.
For Trump and Republicans, who have long assumed that economic factors will determine their election, the market downturn offers an opportunity to get ahead of the game with their campaign messages.
Trump said in January that he hoped that be an economic crash “In the next twelve months” – that is, before he would take office if he won the election. He would not be like former President Hoover, who took office just months before the stock market crash of 1929 that triggered the Great Depression.
Other Republicans quickly followed Trump’s example and expressed the “Kamala Crash” message.
“The #KamalaCrash is the result of weak leadership and poor decisions in the White House,” said Rep. Gary Palmer (R-Ala.). said in a post on the social platform X.
“The American people are paying a heavy price this morning for two weeks of rigged polls. The Kamala coup has quickly become the Kamala crash,” said Virginia Republican Senate candidate Hung Cao said on X.
The National Republican Congressional Committee released the nickname along with a compilation video of news reports on the crisis that ended with Harris saying she was “proud” of “Bidenomics.”
“First, the Harris-Biden administration and House Democrats made life unaffordable. Now the economy is heading for a recession. #KamalaCrash,” said the House Republican campaign arm. posted on X.
Harris, for her part, has stated during the campaign that strengthening the middle class will be a “defining goal” of her presidency, using economic policy messages aimed at concrete benefits for voters.
“We believe in a future where every person has the opportunity to build a business, own a home and create wealth for generations; a future with affordable health care, affordable child care and paid vacation,” Harris said last week at a campaign event in Atlanta.
However, according to influential Republican pollster Frank Luntz, it is not certain whether a decline in stock prices will necessarily harm Harris.
“I have spent years studying economic factors that influence political outcomes. I can say categorically that the stock market does not matter – it did not help Trump when it went up and it will not hurt Harris when it goes down,” Luntz said. said in a post on X.
A spokesman for the vice president’s office did not immediately respond to a request for comment on Trump’s novel slogan.
