Only days before a significant global property sell-off on Monday that sparked fears of a recession, President Joe Biden received criticism for saying last week that he” cured the market” while reflecting on his reputation as president.
” Mr. President, what do you want your reputation for Gen Z to get”? a columnist asked.
” That I cured the market, and the environment, and a few other small points”, Biden responded on the White House lawn Tuesday after a trip to Texas.
Major stocks fell time after Biden boldly claimed he had” cured the economy.”
READ: https ://t.co/ncMlXh2dXo#stockmarket #stocks# joebiden #explorepage #economy #viral #biden #trending photograph. twitter.com/7GJ2UhFGGA— Washington Examiner ( @dcexaminer ) August 5, 2024
Some investors are concerned that the Federal Reserve might consider cutting interest rates to ease the country’s economic woes because of Friday’s July jobs review, which raised concerns about a recession. Companies tumbled in as a sell-off of tech companies like as Nvidia, April, and Tesla took a swim in the market.
Former Trump White House press secretary Kayleigh McEnany said the” Dow appears to disagree” with Biden’s assessment that he” cured” the economy.
In a blog on X, McEnany wrote,” Kamala Harris cast the tie-breaking voting for inflation ( also known as The American Rescue Plan ).
The tie-breaking vote was cast for prices ( also known as The American Rescue Plan ) by Vice President Kamala Harris.
However, Biden claims he” cured” the business.
The Dow appears to believe.
pic.twitter.com/ICZ5iQItRl
— Kayleigh McEnany ( @kayleighmcenany ) August 5, 2024
The market slump was blamed on former president Donald Trump, vice chairman Kamala Harris, and the Biden administration, on Monday.
” Of course there is a huge market slump. Karala is worse than Crooked Joe, by far. The Radical Left Crazy that decimated San Francisco and California as a whole will never be accepted by the media. Following move, THE GREAT Despair OF 2024! You ca n’t play games with MARKETS. KAMALA CRASH!!”! Trump said on Truth Social.
Online videos of the former senator evoking alarms about the property market collapse have been circulating.
” If he’s elected, the stock market did collision”! Trump said in a 2020 political conversation with Biden.
Ben Carson, the former director of housing and urban growth, responded to the Middle East’s growing conflicts and the industry.
” The businesses are in tumult. A powder tank serves as the Middle East. The border is n’t secure. Rates are costly. The rule of law has been replaced by law enforcement. Violence is rampant”, Carson said on X.
” It did n’t have to be this way. It certainly does n’t have to continue. Kamala = Chaos”, he added.
” ‘ I cured the sector.’ Joe Biden, times before business anxiety. It’s not just that the plan is poor, it’s that they are SO confident it’s fine. Extraordinary hubris”, Hudson Institute’s Rebeccah Heinrichs said.
” Only six weeks before, Biden said‘ I cured the business.’ This day, over$ 2.9 trillion was wiped out of major metrics and companies. Entrepreneur and singer Chad Prather, who is well-known, said,” We all know Joe is not in control.”
Jim Cramer, a CNBC network, discussed what market concerns mean for the election in 2024.
” If you care about your money, you go with Trump”, Cramer said about the choice between Trump and Harris.
Americans have been feeling for the past three decades, according to what you are seeing right now on the property business. It’s only a manifestation of it right today”, Fox Business host Charles Payne responded.
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In a storm, images of Harris dancing in front of unfavorable investment market figures and Biden standing next to a dumpster fire that was floating down the street began to spread online.
One social media users retorted,” The property business is being unburdened by what has been.”
