Biden Mocks Trump Over Tanking Stock Price In Campaign Speech

President Joe Biden mocked former President Donald Trump in a campaign speech, taking aim at the falling stock price of Trump Media, the stock behind Truth Social.

The newly-merged Trump Media and Technology (DJT) company began trading on the NASDAQ stock exchange last month, and immediately shot up in initial trading. But the following Monday saw the stock sharply fall after some negative financial disclosures — closing off 21.47%.

That steep dive has continued over the past few weeks and has dropped almost 68 percent since the stock began trading. That translates to $5 billion in paper losses.

President Biden gave a campaign speech in his hometown of Scranton, PA, on Tuesday, during which he roasted Trump over the stock as he pitched tax fairness:

We’re not asking anything that’s unusual.

Under my plan, nobody earning less than $400,000 will pay an additional penny. I hope you’re all able to make 400,000.

(murmuring laugh).

I never did.

But they’re not going to pay an extra penny in federal taxes. That’s a promise. Nobody. Not one penny.

You know, I have to say, if Trump’s stock in the– Truth Social, his company, drops any lower, he might do better under my tax plan than his!

(laughter and applause).

It’s possible. Possible.

Folks, look. I want to cut tax on the hardworking folks here in Scranton and all across the country, and climb out where I move from Scranton to Claymont and Delaware all across the country.

The jabs at Trump are part of Biden’s escalating “jugular” strategy, which was on display at a blockbuster ex-president-laden fundraiser where he roasted Trump over his age and his golf game, and at other events where he has taken to lampooning Trump’s money woes.

In one recurring bit, Biden tells of a “defeated-looking man” who turns out to be Trump, complaining that he’s been wiped out financially.

Watch above via pool.

New: The Mediaite One-Sheet "Newsletter of Newsletters"
Your daily summary and analysis of what the many, many media newsletters are saying and reporting. Subscribe now!