‘KAMALA CRASH!’ Trump Tries to Pin Stock Market Selloff on Harris in Wild Social Media Blizzard
AP Photo/Alex Brandon, File
Former President Donald Trump released a flurry of posts on his Truth Social platform Monday morning in response to the stock market crash, attempting to blame it on his Democratic opponent, Vice President Kamala Harris.
There was a massive stock selloff at Monday’s opening bell, with the Dow Jones plummeting amid a global selloff sparked by fears of a U.S. recession.
Trump responded to the economic news with a series of posts, many of which were in all capital letters, complaining about a “KAMALA CRASH!!!” and predicting “THE GREAT DEPRESSION OF 2024” would soon follow:
8:12 am ET: STOCK MARKETS ARE CRASHING, JOBS NUMBERS ARE TERRIBLE, WE ARE HEADING TO WORLD WAR lll, AND WE HAVE TWO OF THE MOST INCOMPETENT “LEADERS” IN HISTORY. THIS IS NOT GOOD!!!
8:27 am ET: “Japan down 12%, India down 6%. Germany way down also. U.S. really bad. This is a preview of the world markets without Donald J. Trump in the White House. None of this happens if Trump is in. Kamala and the markets don’t go together. She’ll destroy the markets. She’s in power now and look at what is happening. One week of the fake media saying better polls and you get a market crash.” The Legendary Howard Lutnick!
9:45 am ET: Of course there is a massive market downturn. Kamala is even worse than Crooked Joe. Markets will NEVER accept the Radical Left Lunatic that DESTROYED San Francisco and California, as a whole. Next move, THE GREAT DEPRESSION OF 2024! You can’t play games with MARKETS. KAMALA CRASH!!!
9:59 am ET: VOTERS HAVE A CHOICE — TRUMP PROSPERITY, OR THE KAMALA CRASH & GREAT DEPRESSION OF 2024, NOT TO MENTION THE PROBABILITY OF WORLD WAR lll IF THESE VERY STUPID PEOPLE REMAIN IN OFFICE. REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING!!!
10:01 am ET: KAMALA CRASH!
10:02 am ET: TRUMP CASH vs. KAMALA CRASH!
When Trump was president, he often had a different reaction to dips in the market. He complained in February 2018 about how the stock market was making a “Big mistake” by going “down” even though “good news is reported.”
In March 2020, he blamed a “market drop” on a dispute between Saudi Arabia and Russia “arguing of the price and flow of oil,” and, of course, the “Fake News.”
Another May 2020 tweet blamed the downturn on “the so-called ‘rich guys'” who “speak negatively about the market” because some were “betting big against it.”
Trump also attempted to claim credit for the stock market before he was inaugurated, posting a tweet on Oct. 1, 2019 that said, “You cannot judge my Stock Market performance since the Inauguration, which was very good, but only from the day after the big Election Win, which was spectacular due to the euphoria of getting Obama/Biden OUT, & getting Trump/Pence IN. [Went] up BIG between Nov. 9 & Inauguration!”
The former president spent a lot of 2020 — while the global economy was reeling from the Covid-19 pandemic — posting tweets that loudly touted stock market gains, a financial metric that may have benefitted certain investors, but did not help many working class Americans.
