Topline
Former President Donald Trump linked the global stock market decline to Vice President Kamala Harris’ candidacy in a series of Truth Social posts, branding the selloff as the “Kamala Crash,” continuing his pattern of taking credit for positive shifts in the market and blaming the Biden-Harris administration for signs of economic downturns.Key Facts
Trump predicted a “GREAT DEPRESSION OF 2024, NOT TO MENTION THE PROBABILITY OF WORLD WAR III” if Harris is elected, calling the Biden-Harris administration “VERY STUPID PEOPLE,” and telling his audience “REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING!!!”Trump called Monday’s global market downturn—sparked by a worse-than-expected July jobs report that fueled recession fears—the “Kamala Crash” in several Truth Social posts Monday, seemingly attributing her candidacy and the Biden-Harris administration to the decline.
“Of course there is a massive market downturn. Kamala is even worse than Crooked Joe,” Trump wrote.
Trump on Sunday declared “STOCK MARKETS CRASHING. I TOLD YOU SO!!! KAMALA DOESN’T HAVE A CLUE. BIDEN IS SOUND ASLEEP”—stocks also had a major downturn Friday, immediately after the jobs report was released.