Hannity Blames Biden and Harris for Market Crash – In Japan

Fox News host Sean Hannity tried to draw a straight line between the policies of President Joe Biden and Japan’s Nikkei index losing 12% during the first trading day of the week.

Markets around the globe have been roiled by selloffs in recent trading days. The Dow Jones Industrial Average shed 2.6% on Monday while major indices across Europe were in the red. However, the Nikkei really took it on the chin on Monday.

As of this writing, Japan’s benchmark index has regained most of those losses with a 10% gain so far in the Tuesday trading session.

“For the third straight trading day, stocks plummeting, collapsing amid fears of a global recession and rising unemployment while major industries are buckling under high interest rates,” Hannity said on Monday night.

The host then noted that former President Donald Trump blamed Vice President Kamala Harris for the selloff. Earlier in the day, Trump called it the “KAMALA CRASH.” Trump suggested that the prospect of the presumptive Democratic nominee winning the White House is frightening investors.

“And the hemorrhaging is not over,” Hannity continued. “Japan’s stock market, they just posted their worst day since Black Monday from 1987. All of this being fueled by the very real fears that the Biden-Harris economy will spiral this country in a full-on recession in spite of all the proclamations of all the success of Bidenomics.”

Hannity then aired a clip of Harris saying, “We are very proud of Bidenomics.”

Unemployment in the U.S. ticked up last month to 4.3%, which has prompted fears that companies are pulling back on hiring. Japan is currently enduring an inflationary period wrought by low interest rates. Some board members of the Bank of Japan – the country’s central bank – have signaled a willingness to hike rates earlier than anticipated. Rising interest rates often have a bearish effect on stocks.