Republican vice presidential nominee JD Vance is criticizing Vice President Kamala Harris for her silence regarding the sharp falloffs experienced by major U.S. stock indexes on Monday. In a tweet, Vance called out Harris for not addressing the situation and accused her of being too afraid to answer media questions. He added the hashtag “#WheresKamala.
As of this writing, Kamala Harris has not yet commented on the declines experienced by indexes such as the Dow Jones Industrial, the S&P 500, and the NASDAQ. Breitbart News Economics Editor John Carney suggests that these sharp drops reflect heightened concerns about a potential serious economic slump in the U.S., with recent economic data showing increases in unemployment rates and slowing job growth. Surveys of manufacturers also indicate a significant decline in activity within the sector, which is often seen as an indicator for overall economic performance.
According to the Department of Labor, only 114,000 jobs were added in July, significantly lower than the predicted 180,000 figure. Additionally, separate surveys conducted by the Institute for Supply Management and S&P Global both showed a contraction in factory activity throughout the month.
Carney also notes that the outcome of the presidential race could be influencing Monday’s market trend, as the stock market had seen gains when former President Donald Trump was leading in the polls. This coincides with Kamala Harris’ rise in the polls. CNN has even acknowledged a close correlation between the performance of the S&P 500 and Trump’s trend.
Former President Donald Trump also took to Truth Social on Monday to criticize Harris for the market downturn, stating that markets will never accept her leadership and suggesting that she would lead the country into a depression. Trump further warned that electing Kamala Harris could result in a great depression of 2024, along with an increased likelihood of World War III if these “very stupid people” remain in office. He reminded voters to consider Trump’s past successes and his ability to make accurate predictions.