WASHINGTON — Former President Donald Trump on Monday branded a sharp drop in the stock market as “the Kamala Crash,” linking to
“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!!!” Trump added.released Friday morning, which showed 114,000 new positions added to the US economy in July – well below the expected 175,000 jobs — signaling a potential slowdown or recession.
Trump has for decades predicted economic depressions as a result of what he’s described as poor political leadership and claimed credit for an extended period of stock-market gains throughout his term of office — though those gains were tamped down by a brief recession caused by the COVID-19 pandemic.
The former president’s use of the term “Kamala Crash” comes as other conservatives use “Kamalanomics” to dismiss her economic policies and equate them with “Bidenonomics” — a term promoted by Biden’s staff that became a pejorative amid the worst inflation in more than four decades.