The U.S. stock market took a tumble Monday, rattling confidence in the American economy. The news followed a weaker than expected jobs report this past Friday.
With the presidential election looming heavy, Donald Trump is quickly turning it into political ammunition, dubbing it the “Kamala Crash.”
“If Harris wins this election, you will quickly have a Kamala economic crash. You will have a crash like in 1929 more specifically, because that’s where we’re headed,” Trump said during a rally Saturday in Atlanta.
However, shielding herself from backlash over the economy could be tricky.
“She is the incumbent and the incumbent party right now has a lot of baggage, notably the frustration about the state of the economy,” political analyst Amy Walter told CBS. “Donald Trump still has a sizable lead on who do you think would do a better job on the economy.”
A new CBS News/YouGov poll shows more voters think they would be better off financially under Trump’s policies compared with Harris’s.
Trump’s plans include higher tariffs on imported goods, lowering corporate taxes, do away with taxing tipped wages, undoing Biden’s investments in green energy and putting pressure on the Federal Reserve to lower interest rates.
Harris, on the other hand, wants to raise corporate taxes, take on price gouging, ban additional hidden fees and late charges, cap unfair rent increases, cap prescription drugs costs for all Americans.
As the economy remains top of mind, it’s expected to play a big role in who Americans decide to vote for.
Content from The National Desk is provided by Sinclair, the parent company of FOX45 News.