Former President Donald Trump criticized Vice President Kamala Harris for the sharp drop in stock market indexes in the United States on Monday, referring to it as the “Kamala Crash.” In a series of posts on Truth Social, Trump blasted Harris, calling her a “Radical Left Lunatic” and accusing her of being even worse than President Joe Biden.
The former president pointed out that markets are unlikely to accept Harris, who he believes is responsible for the decline in the stock market. He warned that if she remains in office, it could lead to “THE GREAT DEPRESSION OF 2024.” Trump argued that the election comes down to choosing between “TRUMP PROSPERITY” and “KAMALA CRASH & GREAT DEPRESSION OF 2024,” implying that his policies would have been more favorable for the markets.
Trump also suggested that there is a “PROBABILITY OF WORLD WAR lll IF THESE VERY STUPID PEOPLE REMAIN IN OFFICE.” He reminded people that he had been right about everything in the past, and urged them to remember this when making their voting decisions.
Major stock indexes such as the Dow Jones Industrial Average, S&P 500, and the Nasdaq Composite took sharp hits on Monday morning, following the release of economic data that showed unemployment rising and job growth slowing more than expected. Surveys of manufacturers also indicated a steep fall off in activity in the sector, which is often considered a bellwether for the economy.
The presidential election could be impacting the markets as well, with Trump’s popularity being positively correlated with market performance and Harris’s rise in polls coinciding with the decline in the stock market. Despite the economic downturn, Kamala Harris and her campaign have remained silent on the matter, prompting criticism from Republican Senate candidate JD Vance (R-OH.
Vance accused Harris of being too afraid to answer media questions and stated that she cannot lead during these troubled times, using the hashtag “#WheresKamala.” He argued that steady leadership is needed in order to prevent a global economic calamity, such as the one delivered by President Trump during his time in office.