The attack ad, titled “Kamala Crush,” pairs footage of various stock indexes plummeting with Harris repeatedly saying, “Biden economics is working.” According to a press release obtained by the Daily Caller News Foundation, the Trump campaign said Harris “shares all of Joe Biden's big spending and conscious priorities” and that the American people are “suffering” as a result. (Related article: Wall Street finally warns of potential financial nightmare)
“Kamala Harris' weakness, failures and dangerously liberal priorities have left our economy in disarray,” Brian Hughes, a senior adviser to the Trump campaign, told DCNF.
thank youKamala Harris…Bidenomics isn’t working pic.twitter.com/0FdPaUdwNG
— Chris LaCivita (@LaCivitaC) August 5, 2024
The stock market suffered its worst drop since 2022 on Monday. according to According to Fox Business, the Dow Jones Industrial Average fell more than 1,000 points, or 2.6%, while the Nasdaq Composite Index fell 3.43% and the S&P 500 dropped 3%. (Related article: “We've never had a 1,000-point drop”: Fox Business host stunned by Wall Street sell-off)
The Trump campaign said Biden and Harris' economic policies over the past four years have “sent prices soaring” and “put the economy in shambles.”
In 2022, Harris made the tiebreaking decision. Vote The Senate approved the “Beat Inflation Act,” which will cost $780 billion. according to To the Treasury Department. According to a press release, over $380 billion from the act was spent on “climate-related policies that have nothing to do with curbing inflation.” (Related: Exclusive: Mike Pence group claims Kamala Harris' tax plan would 'harm American businesses')
Last year, Democratic lawmakers passed it The Biden-Harris administration $1.9 trillion A “stimulus” bill called the “American Rescue Plan Act.” This bill brand In response to the COVID-19 pandemic, only 8.5% of the $1.9 trillion was dedicated to “direct COVID-19 spending.” according to To PolitiFact.
Compared to January 2021, when Biden and Harris took office, Americans today are spending an average of $1,087 more per month to buy the same items. according to to the Joint Economic Committee's Inflation Tracking System.
“Americans were already suffering everywhere from the grocery store to the gas station, and now their long-term savings and retirement savings are at risk,” Hughes told DCNF. “President Trump was right. Voters will have to choose between Kamala Cash or Trump Cash in November, and we are more ready than ever to get our economy booming and make America wealthy again.”
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