{"id":2319576,"date":"2024-08-05T17:07:02","date_gmt":"2024-08-05T21:07:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-brands-stock-market-tumble-kamala-crash-says-he-has-the-solution\/"},"modified":"2024-08-05T17:08:11","modified_gmt":"2024-08-05T21:08:11","slug":"trump-brands-stock-market-tumble-kamala-crash-says-he-has-the-solution","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-brands-stock-market-tumble-kamala-crash-says-he-has-the-solution\/","title":{"rendered":"Trump Brands Stock Market Tumble &#8216;Kamala Crash,&#8217; Says He Has the Solution"},"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\">24<\/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%2Ftrump-brands-stock-market-tumble-kamala-crash-says-he-has-the-solution%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=2319576&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>Former \u200bPresident Donald\u200c Trump has referred to a \u2062recent significant drop in\u2064 stock markets as the &#8220;Kamala crash.&#8221; On a day when\u200b the Dow Jones \u2063Industrial Average plummeted more \u2064than \u200b1,000 points,\u200d alongside declines in the Nasdaq \u200cand S&#038;P 500 amid\u2062 recession fears, Trump attributed the downturn \u200dto\u2063 current Vice President Kamala Harris&#8217;s leadership. He criticized\u200d the economy&#8217;s \u2062performance, highlighting \u200da disappointing jobs \u2064report for July that \u200crevealed only 114,000 new jobs had \u2064been added, well\u2062 below \u200bthe anticipated 175,000.\u200d <\/p>\n<p>In a series of posts, \u200cTrump articulated his view that voters face a stark\u200c choice between \u200bhis policies, \u200dwhich he claims \u2062foster prosperity,\u2064 and\u200b the current administration&#8217;s approach, which he insists is leading towards a recession and \u200b<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/history-repeating-itself-major-american-enemy-puts-bases-in-cuba-17-latin-american-countries\/\" title=\"D\u00e9j\u00e0 vu? Major US foe sets up bases in Cuba, 17 Latin American nations.\">potential global conflict<\/a>. He also cited financial expert Howard Lutnick, who warned that Harris&#8217;s \u200cleadership would lead to further market deterioration. Despite Trump\u2019s claims, polls show that \u2062Harris is narrowing the gap against him, even leading in some surveys, while GOP analysts believe\u200c she needs to defend the Biden\u2063 administration&#8217;s economic policies \u200cas part of her\u200d campaign.  <\/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\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?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<section>\n<p>Former President Donald Trump is calling Monday&rsquo;s stock sell off the &ldquo;Kamala crash.&rdquo;<\/p>\n<p>After the markets opened, the Dow Jones Industrial Average <a href=\"https:\/\/www.westernjournal.com\/stock-market-takes-huge-nosedive-incredibly-accurate-recession-warning-sign-triggered\/\" target=\"_blank\" rel=\"noopener\">fell more than<\/a> 1,000 points, while the Nasdaq and S&amp;P 500 also fell by 3.9 percent and 3.2 percent respectively, on recession fears, <a href=\"https:\/\/www.foxbusiness.com\/markets\/us-stocks-august-5-2024\" target=\"_blank\" rel=\"noopener\">Fox Business<\/a> reported.<\/p>\n<p>The tech stock heavy Nasdaq also fell over 1,000 points for the first time since its inception in 1971. The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stock-market-takes-huge-nosedive-as-incredibly-accurate-recession-warning-sign-is-triggered\/\" title=\"Stock Market Takes Huge Nosedive as Incredibly Accurate Recession Warning Sign Is Triggered\">weak jobs report &#038;mdash<\/a>;<a href=\"https:\/\/www.westernjournal.com\/triggered-economist-created-recession-indicator-sounds-alarm-dismal-jobs-report\/\" target=\"_blank\" rel=\"noopener\"> only 114,000<\/a> new jobs were added in July versus the 175,000 anticipated, as unemployment ticked up from 4.1 percent to 4.3 percent &mdash; helped fuel the sell off.<\/p>\n<p>Trump posted on , &ldquo;Voters have a choice &mdash; Trump prosperity, or the Kamala crash &amp; Great Depression of 2024, not to mention the probability of World War lll if there very stupid people remain in office. Remember, Trump was right about everything!&rdquo;<\/p>\n<p><iframe class=\"truthsocial-embed\" style=\"max-width: 100%; border: 0;\" src=\"https:\/\/truthsocial.com\/@realDonaldTrump\/112909769952205395\/embed\" width=\"600\" allowfullscreen=\"allowfullscreen\"><\/iframe><script src=\"https:\/\/truthsocial.com\/embed.js\" async=\"async\"><\/script><\/p>\n<p>  <script> \t\t\t\tif( ! getCookie( 'ff_subbed' ) ) if( typeof FFADS.replace_ict !='undefined' ) if( FFADS.replace_ict ) eval( FFADS.replace_ict ); \t\t\t<\/script> <\/p>\n<p>The Republican nominee wrote in another post, &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;<\/p>\n<p><iframe class=\"truthsocial-embed\" style=\"max-width: 100%; border: 0;\" src=\"https:\/\/truthsocial.com\/@realDonaldTrump\/112909714964975696\/embed\" width=\"600\" allowfullscreen=\"allowfullscreen\"><\/iframe><script src=\"https:\/\/truthsocial.com\/embed.js\" async=\"async\"><\/script><\/p>\n<p>In a third post, Trump wrote in his classic all caps: &ldquo;STOCK MARKETS ARE CRASHING, JOBS NUMBERS ARE TERRIBLE, WE ARE HEADING TO WORLD WAR lll, AND WE HAVE TWO OF THE MOST INCOMPETENT &lsquo;LEADERS&rsquo; IN HISTORY. THIS IS NOT GOOD!!!&rdquo;<\/p>\n<p><iframe class=\"truthsocial-embed\" style=\"max-width: 100%; border: 0;\" src=\"https:\/\/truthsocial.com\/@realDonaldTrump\/112909351574797350\/embed\" width=\"600\" allowfullscreen=\"allowfullscreen\"><\/iframe><script src=\"https:\/\/truthsocial.com\/embed.js\" async=\"async\"><\/script><\/p>\n<p>The former president also quoted Cantor Fitzgerald financial services CEO Howard Lutnick, who said, &ldquo;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.&rdquo;<\/p>\n<p>Lutnick continued, &ldquo;Kamala and the markets don&rsquo;t go together. She&rsquo;ll destroy the markets. She&rsquo;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.&rdquo;<\/p>\n<p><iframe class=\"truthsocial-embed\" style=\"max-width: 100%; border: 0;\" src=\"https:\/\/truthsocial.com\/@realDonaldTrump\/112909408795004680\/embed\" width=\"600\" allowfullscreen=\"allowfullscreen\"><\/iframe><script src=\"https:\/\/truthsocial.com\/embed.js\" async=\"async\"><\/script><\/p>\n<p>Harris is polling better against Trump than President Joe Biden was.<\/p>\n<p>Nationally, the <a href=\"https:\/\/www.realclearpolling.com\/polls\/president\/general\/2024\/trump-vs-biden\" target=\"_blank\" rel=\"noopener\">Real Clear Polling<\/a> average showed Trump with over a 3 percentage point lead against Biden in the seven swing states that will likely decide November&rsquo;s election.<\/p>\n<p>However, Harris has cut Trump&rsquo;s lead to just <a href=\"https:\/\/www.realclearpolling.com\/polls\/president\/general\/2024\/trump-vs-harris\" target=\"_blank\" rel=\"noopener\">0.7 percent<\/a>, with the vice president in the lead in the most recent surveys included in the average.<\/p>\n<p>Further, Harris just <a href=\"https:\/\/www.natesilver.net\/p\/nate-silver-2024-president-election-polls-model\" target=\"_blank\" rel=\"noopener\">took the lead<\/a> over Trump in pollster Nate Silver&rsquo;s average for the first time since she entered the race, by a margin of approximately 2 percentage points.<\/p>\n<p>GOP advisor David Winston argued in a column for <a href=\"https:\/\/rollcall.com\/2024\/07\/31\/harris-trying-to-avoid-inflation\/\" target=\"_blank\" rel=\"noopener\">Roll Call<\/a> last week that Harris will have to defend &ldquo;Bidenomics.&rdquo;<\/p>\n<p>&ldquo;For the past three years, Biden has tried and failed to convince voters that &lsquo;Bidenomics&rsquo; is working for them,&rdquo; Winston wrote. &ldquo;Now it&rsquo;s Harris&rsquo; turn to defend the administration&rsquo;s policies on inflation and the economy, issues that will be central to the electorate&rsquo;s assessment of her candidacy.&rdquo;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">&ldquo;Bidenomics. Ha ha ha ha! That is called Bidenomics &mdash; and we are very proud of Bidenomics!&rdquo;<\/p>\n<p>&mdash; Kamala Harris<a href=\"https:\/\/twitter.com\/hashtag\/KamalaCrash?src=hash&amp;ref_src=twsrc%5Etfw\">#KamalaCrash<\/a> <a href=\"https:\/\/t.co\/JwXWeePr1m\">pic.twitter.com\/JwXWeePr1m<\/a><\/p>\n<p>&mdash; RNC Research (@RNCResearch) <a href=\"https:\/\/twitter.com\/RNCResearch\/status\/1820457755322298405?\">August 5, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&ldquo;But presidential candidate Harris enters the race with a significant challenge,&rdquo; the column continued. &ldquo;As vice president, she cast a critical vote to break a tie in the Senate and allow the $1.9 trillion American Rescue Plan to move forward toward a final vote. Had it not been for her vote, the bill might never have gotten to Biden&rsquo;s desk for his signature.&rdquo;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">EARLIER: VP Kamala Harris casts <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/schumer-dems-will-pass-covid-relief-bill-with-or-without-gop\/\" title=\"Schumer: Dems will pass COVID relief bill with or without GOP\">tie-breaking vote<\/a> to advance American Rescue Plan <a href=\"https:\/\/t.co\/4g5Ss3ZVvP\">pic.twitter.com\/4g5Ss3ZVvP<\/a><\/p>\n<p>&mdash; Forbes (@Forbes) <a href=\"https:\/\/twitter.com\/Forbes\/status\/1367673529110528001?\">March 5, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Economists have identified the ARP, the stimulus bill passed in March 2021 as the economy was well on its way to recovery, as the &ldquo;<a href=\"https:\/\/www.westernjournal.com\/trumps-top-economic-advisor-lays-exact-causes-inflation-biden-falsely-blaming-others\/\" target=\"_blank\" rel=\"noopener\">original sin<\/a>&rdquo; that led to the 40-year-high inflation the nation experienced following its passage.<\/p>\n<p>Harris also cast the <a href=\"https:\/\/ballotpedia.org\/Tie-breaking_votes_cast_by_Kamala_Harris_in_the_U.S._Senate\" target=\"_blank\" rel=\"noopener\">tie-breaking vote<\/a> for the $1 trillion-plus Inflation Reduction Act in 2022, which is filled with &ldquo;green&rdquo; initiatives that have been coming in at more than <a href=\"https:\/\/www.westernjournal.com\/fact-check-biden-loves-claim-cut-deficit-numbers-highlight-painful-truth\/\" target=\"_blank\" rel=\"noopener\">three times<\/a> the anticipated costs.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">&#128680;Watch Scott Bessent, a potential Treasury Secretary for President Trump, correctly pin the blame on Kamala Harris for every major issue crushing the American worker:<\/p>\n<p>&ldquo;Vice President Harris was the deciding vote for the American Rescue Plan and the Inflation Reduction Act. She&hellip; <a href=\"https:\/\/t.co\/Anyr7cI6Ht\">pic.twitter.com\/Anyr7cI6Ht<\/a><\/p>\n<p>&mdash; Steve Cortes (@CortesSteve) <a href=\"https:\/\/twitter.com\/CortesSteve\/status\/1819351172764827782?\">August 2, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Clearly Trump&rsquo;s solution to the &ldquo;Kamala crash&rdquo; is to elect him in November, so the policies implemented in his first term of less spending, lower taxes, and less regulation can be put back in place.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\">  <\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> <label>* Name<\/label> <br \/> <input type=\"text\" name=\"name\" required> <\/div>\n<div class=\"sc--field\"> <label>* <\/label> <br \/> <input type=\"text\" name=\"\" required> <\/div>\n<p> <label>* Message<\/label> <br \/> <textarea name=\"message\" required><\/textarea>  <\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> <input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\">  <\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> <script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! 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Notably, the Nasdaq fell by more than 1,000 points for the first time since its establishment in 1971. Contributing to this sell-off was a disappointing jobs report that revealed only 114,000 new jobs were created in July compared to an expected 175,000, alongside an increase in unemployment from 4.1 percent to 4.3 percent.<\/p>\n<p>Trump took to social media stating that voters face a choice between &#8220;Trump prosperity&#8221; or what he termed the &#8220;Kamala crash&#8221; and potential &#8220;Great Depression of 2024,&#8221; warning of possible global conflict if incompetent leaders remain in power. He emphasized his belief that he was correct about various issues.<\/p>\n<p>In another post, Trump asserted that Kamala Harris is even worse than President Biden and claimed markets would never accept her leadership due to her past failures in California. He warned of an impending economic downturn under her influence.<\/p>\n<p>He also quoted Howard Lutnick, CEO of Cantor Fitzgerald financial services, who remarked on global market declines and suggested these issues wouldn&#8217;t have occurred if Trump were still president.<\/p>\n<p>Polling data indicates Harris is performing better against Trump than Biden did previously; however, Trump&#8217;s lead over Biden remains significant across key swing states while Harris has narrowed Trump&#8217;s lead down to just under one percentage point nationally.<\/p>\n<p>GOP advisor David Winston noted that Harris will need to defend \u201cBidenomics,\u201d which has struggled for acceptance among voters during Biden&#8217;s presidency\u2014an issue she must address as part of her campaign strategy.<\/p>\n<p>The column highlighted challenges for Harris given her pivotal role in passing significant legislation like the American Rescue Plan (ARP) and Inflation Reduction Act (IRA), both criticized for contributing to inflationary pressures affecting American workers today.<\/p>\n<p>Ultimately, Trump&#8217;s proposed solution for addressing what he calls the \u201cKamala crash\u201d is his election victory come November so he can reinstate policies from his first term focused on reduced spending and lower taxes<\/p>\n","protected":false},"author":1,"featured_media":2319577,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/08\/trump-v-kamala-take-2.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[9168,32438,35133,3634],"class_list":["post-2319576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-economy","tag-kamala-harris","tag-stock-market","tag-trump"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/08\/trump-v-kamala-take-2.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2319576","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2319576"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2319576\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2319577"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2319576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2319576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2319576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}