{"id":2319571,"date":"2024-08-05T17:02:00","date_gmt":"2024-08-05T21:02:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amid-stock-market-woes-biden-slammed-for-saying-he-cured-the-economy-washington-examiner\/"},"modified":"2024-08-05T17:07:02","modified_gmt":"2024-08-05T21:07:02","slug":"amid-stock-market-woes-biden-slammed-for-saying-he-cured-the-economy-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amid-stock-market-woes-biden-slammed-for-saying-he-cured-the-economy-washington-examiner\/","title":{"rendered":"Amid stock market woes, Biden slammed for saying he \u2018cured the economy\u2019 &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Famid-stock-market-woes-biden-slammed-for-saying-he-cured-the-economy-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2319571&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>In a climate of stock market instability, President Joe Biden faced backlash for asserting he\u2062 had &#8220;cured \u2063the \u200deconomy&#8221; while reflecting on his legacy. This statement came just days prior to a significant stock sell-off that raised concerns about a potential recession. Following \u2062a July jobs report that indicated economic troubles, major <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/its-better-than-gold-mark-cuban-defends-bitcoin-despite-price-drop\/\" title=\"\u2018It\u2019s BETTER Than Gold\u2019: Mark Cuban Defends Bitcoin, Despite Price Drop\">tech stocks<\/a> experienced sharp declines. Critics, including former\u2062 Trump administration officials, responded to Biden&#8217;s remark by highlighting the stark contrast between his \u2062positive outlook and the market&#8217;s downturn.<\/p>\n<p>Former \u2062President Donald Trump criticized both Biden and Vice President Kamala Harris, attributing the market collapse to their leadership and suggesting it would\u2063 lead to severe economic consequences. Trump\u2019s earlier \u200bpredictions of a market crash \u2062in the event of Biden\u2019s election were cited, reinforcing the perception of economic turmoil under the current administration. Other commentators\u200b remarked on the disconnect between Biden&#8217;s confidence in economic \u200drecovery and the prevailing market fears, emphasizing a\u200c sense of arrogance in his\u2064 claims given \u200cthe\u2064 current financial climate. The commentary surrounding Biden&#8217;s\u2064 claim underscores the heightened political stakes linked to economic performance as the 2024 election\u2063 approaches.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Amid stock market woes, Biden slammed for saying he &lsquo;cured the economy&rsquo;<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1723275\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/joe-biden\/\" target=\"_blank\" rel=\"noopener\" title>Joe Biden<\/a> received criticism for saying last week that he &ldquo;cured the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/economy\/\" target=\"_blank\" rel=\"noopener\" title=\"economy\">economy<\/a>&rdquo; while reflecting on his legacy as president, just days before a major global stock sell-off Monday that has sparked <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/recession\/\" target=\"_blank\" rel=\"noopener\" title=\"recession\">recession<\/a> fears.<\/p>\n<p>&ldquo;Mr. President, what do you want your legacy for Gen Z to be?&rdquo; a reporter asked.<\/p>\n<p>&ldquo;That I cured the economy, and the environment, and a few other small things,&rdquo; Biden responded on the White House lawn Tuesday after a trip to Texas.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Major stocks dive days after Biden proudly claimed he &#8220;cured the economy.&#8221;<\/p>\n<p>READ: <a href=\"https:\/\/t.co\/ncMlXh2dXo\">https:\/\/t.co\/ncMlXh2dXo<\/a><a href=\"https:\/\/twitter.com\/hashtag\/stockmarket?src=hash&amp;ref_src=twsrc%5Etfw\">#stockmarket<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/stocks?src=hash&amp;ref_src=twsrc%5Etfw\">#stocks<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/joebiden?src=hash&amp;ref_src=twsrc%5Etfw\">#joebiden<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/explorepage?src=hash&amp;ref_src=twsrc%5Etfw\">#explorepage<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/economy?src=hash&amp;ref_src=twsrc%5Etfw\">#economy<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/viral?src=hash&amp;ref_src=twsrc%5Etfw\">#viral<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/biden?src=hash&amp;ref_src=twsrc%5Etfw\">#biden<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/trending?src=hash&amp;ref_src=twsrc%5Etfw\">#trending<\/a> <a href=\"https:\/\/t.co\/7GJ2UhFGGA\">pic.twitter.com\/7GJ2UhFGGA<\/a><\/p>\n<p>&mdash; Washington Examiner (@dcexaminer) <a href=\"https:\/\/twitter.com\/dcexaminer\/status\/1820474846641615296?ref_src=twsrc%5Etfw\">August 5, 2024<\/a><\/p><\/blockquote>\n<p><script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>Friday&rsquo;s July jobs report spurred fears of recession, and some investors are concerned about the Federal Reserve considering <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-sees-double-digit-drop-in-approval-among-black-voters-even-worse-among-young-black-voters-survey\/\" title=\"Biden Sees Double-Digit Drop In Approval Among Black Voters, Even Worse Among Young Black Voters: Survey\">cutting interest rates<\/a> to help with economic woes. Stocks tumbled in as a sell-off of tech stocks such as Nvidia, April, and Tesla took a dive in the market.<\/p>\n<p>Former Trump White House press secretary Kayleigh McEnany said the &ldquo;Dow appears to disagree&rdquo; with Biden&rsquo;s assessment that he &ldquo;cured&rdquo; the economy.<\/p>\n<p>&ldquo;<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/kamala-harris\/\" target=\"_blank\" rel=\"noopener\" title>Kamala Harris<\/a> cast the tie-breaking vote for inflation (aka The American Rescue Plan),&rdquo; McEnany added in a post on X.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680; VP Kamala Harris cast the tie-breaking vote for inflation (aka The American Rescue Plan). <\/p>\n<p>Meanwhile, Biden claims he &ldquo;cured&rdquo; the economy.<\/p>\n<p>The Dow appears to disagree. &#11015;&#65039; <a href=\"https:\/\/t.co\/ICZ5iQItRl\">pic.twitter.com\/ICZ5iQItRl<\/a><\/p>\n<p>&mdash; Kayleigh McEnany (@kayleighmcenany) <a href=\"https:\/\/twitter.com\/kayleighmcenany\/status\/1820510917697716685?ref_src=twsrc%5Etfw\">August 5, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>Former President Donald Trump ripped his Democratic opponent, Vice President Kamala Harris, and the Biden administration Monday for the market downturn.<\/p>\n<p>&ldquo;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&rsquo;t play games with MARKETS. KAMALA CRASH!!!&rdquo; Trump <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/112909714964975696\" target=\"_blank\" rel=\"noopener\" title=\"wrote\">said<\/a> on Truth Social.<\/p>\n<p>Clips of the former president warning about the stock market crashing have been circulating online.<\/p>\n<p>&ldquo;If he&rsquo;s elected, the stock market will crash!&rdquo; Trump <a href=\"https:\/\/x.com\/townhallcom\/status\/1820465180838637929\" target=\"_blank\" rel=\"noopener\" title=\"said \">said <\/a>in a 2020 presidential debate with Biden.<\/p>\n<p>Former Housing and Urban Development Secretary Ben Carson reacted to the markets and the growing tensions in the Middle East.<\/p>\n<p>&ldquo;The markets are in turmoil. The Middle East is a powder keg. The border isn&rsquo;t secure. Prices are exorbitant. Lawfare has replaced the rule of law. Crime is rampant,&rdquo; Carson <a href=\"https:\/\/x.com\/RealBenCarson\/status\/1820480332795388135\" target=\"_blank\" rel=\"noopener\" title=\"said\">said<\/a> on X.<\/p>\n<p>&ldquo;It didn&rsquo;t have to be this way. It certainly doesn&rsquo;t have to continue. Kamala=Chaos,&rdquo; he added.<\/p>\n<p>&ldquo;&lsquo;I cured the economy.&rsquo; Joe Biden, days before market panic. It&rsquo;s not just that the policy is bad, it&rsquo;s that they are SO sure it&rsquo;s good. Remarkable hubris,&rdquo; Hudson Institute&rsquo;s Rebeccah Heinrichs <a href=\"https:\/\/x.com\/RLHeinrichs\/status\/1820463315849474539\" target=\"_blank\" rel=\"noopener\" title=\"said\">said<\/a>. <\/p>\n<p>&ldquo;Just six days ago, Biden said &lsquo;I cured the economy.&rsquo; This morning, over $2.9 trillion was wiped out of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/lori-lightfoot-said-chicagos-crime-is-falling-heres-what-the-numbers-say\/\" title=\"Lori Lightfoot Said Chicago\u2019s Crime is Falling. Here\u2019s What the Numbers Say\">major indices<\/a> and stocks. We all know Joe is not in control,&rdquo; entrepreneur and musician Chad Prather <a href=\"https:\/\/x.com\/WatchChad\/status\/1820510901084053776\" target=\"_blank\" rel=\"noopener\" title=\"said\">said<\/a>.<\/p>\n<p>CNBC host Jim Cramer shared his 2024 outlook on what market fears mean for the election.<\/p>\n<p>&ldquo;If you care about your paycheck, you go with Trump,&rdquo; Cramer <a href=\"https:\/\/x.com\/tomselliott\/status\/1820514140294918651\" target=\"_blank\" rel=\"noopener\" title=\"remarked\">said<\/a> about the choice between Trump and Harris.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680; MARKET UPDATE <a href=\"https:\/\/t.co\/3gfMVB2RaS\">pic.twitter.com\/3gfMVB2RaS<\/a><\/p>\n<p>&mdash; Nick Sortor (@nicksortor) <a href=\"https:\/\/twitter.com\/nicksortor\/status\/1820474787216699653?ref_src=twsrc%5Etfw\">August 5, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>&ldquo;What you&rsquo;re seeing right now in the stock market is what Americans have been feeling for the last three years. It&rsquo;s just a manifestation of it right now,&rdquo; Fox Business host Charles Payne <a href=\"https:\/\/x.com\/Bubblebathgirl\/status\/1820471308955930952\" target=\"_blank\" rel=\"noopener\" title=\"responded\">responded<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/strong><\/p>\n<p>Memes of Harris <a href=\"https:\/\/x.com\/theblaze\/status\/1820482031090127034\" target=\"_blank\" rel=\"noopener\" title=\"dancing in front of bad stock market\">dancing in front of bad stock market<\/a> numbers and Biden alongside Harris standing inside a dumpster fire floating down the street in a flood began spreading on the internet.<\/p>\n<p>&ldquo;The stock market is being unburdened by what has been,&rdquo; one social media user <a href=\"https:\/\/x.com\/mocgator\/status\/1820516637763895597\" title>quipped<\/a>.<\/p>\n<p> <script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1723275\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1723275\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid concerns over the stock market, President Biden faced backlash for claiming he had &#8220;cured the economy.&#8221; This statement came just days before a significant global stock decline on Monday, which raised fears of a recession. When asked by a reporter about his legacy for Generation Z, Biden replied that it included curing the economy and addressing environmental issues. Following his remarks, major stocks plummeted.<\/p>\n<p>The July jobs report released on Friday heightened recession worries, leading some investors to speculate about potential interest rate cuts by the Federal Reserve to alleviate economic challenges. Tech stocks like Nvidia and Tesla experienced sharp declines during this sell-off. Former Trump press secretary Kayleigh McEnany remarked that &#8220;the Dow appears to disagree&#8221; with Biden&#8217;s assertion of having cured the economy and pointed out Vice President Kamala Harris&#8217;s role in passing legislation linked to inflation.<\/p>\n<p>Former President Donald Trump criticized both Harris and Biden for the market downturn, suggesting that markets would never accept what he termed as &#8220;Radical Left Lunatic&#8221; policies. He warned of an impending economic crisis if Democrats remained in power. Ben Carson also commented on current turmoil in both markets and international relations, stating that conditions could have been different.<\/p>\n<p>Rebeccah Heinrichs from Hudson Institute noted the irony of Biden&#8217;s claim just days before significant market losses occurred. Entrepreneur Chad Prather highlighted how $2.9 trillion was lost from major indices following Biden\u2019s comments about curing the economy.<\/p>\n<p>CNBC host Jim Cramer suggested voters concerned about their finances should support Trump over Harris as they navigate these economic challenges. Fox Business host Charles Payne indicated that current stock market trends reflect broader feelings Americans have experienced over recent years.<\/p>\n<p>As memes mocking Harris dancing amid poor stock performance circulated online, one user humorously stated that \u201cthe stock market is being unburdened by what has been.<\/p>\n","protected":false},"author":2678,"featured_media":2319572,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/AP23179651590813.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[3620,7375,9168,35133,32076],"class_list":["post-2319571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-biden","tag-criticism","tag-economy","tag-stock-market","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/AP23179651590813.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2319571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2678"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2319571"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2319571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2319572"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2319571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2319571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2319571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}