Special Poll
Trump Blames Harris for Market Plunge, Coins New Nickname
- Market Concerns: As the stock market dropped sharply at the start of the week, fears of a potential recession in the U.S. reignited. The S&P 500 fell by 3.1%, the Dow Jones Industrial Average dropped 1,092 points (2.7%), and the Nasdaq slid 3.6%. This decline followed a disappointing jobs report, which raised concerns that the Federal Reserve wasn’t acting quickly enough to lower interest rates. The market downturn began in Japan, where the Nikkei plunged 12.4%, its worst day since the 1987 Black Monday crash.
- Trump’s Reaction: Former President Donald Trump blamed Vice President Kamala Harris for the market turmoil, dubbing her “Kamala Crash” and accusing her of causing the “Great Depression of 2024.” Trump expressed these sentiments in a series of posts on Truth Social.
- Harris Campaign’s Response: The Harris campaign mocked Trump’s attempt to shift the debate venue from ABC to Fox News, suggesting that the original debate agreement should be honored. They expressed readiness to discuss further debates after the agreed one.
- Political Impact: Trump’s comments aim to weaken Harris’s growing momentum as she prepares to officially become the Democratic presidential nominee. Former Rep. Tim Ryan criticized Trump, accusing him of “rooting against America.”
- Public Opinion: Polls indicate that Harris is gaining ground on economic issues, an area previously dominated by Trump. A recent Morning Consult poll showed Harris leading Trump in handling housing issues and narrowing the gap on overall economic management, unemployment, taxes, and interest rates. Historically, incumbent parties are blamed for economic downturns, which could affect Harris’s campaign if market turmoil continues.
- Republican Strategy: Jake Schneider of the Republican National Committee warned that the market selloff could be a sign of economic instability under a potential Harris presidency, criticizing her tax policies and labeling them as “Radical Left lunacy.”
This situation highlights the ongoing political battle as both sides prepare for the upcoming election, with the economy likely to be a key issue for voters.