As the United States teeters on the edge of catastrophic economic collapse, attention is returning to the “Bidenomics” policies of Democrat President Joe Biden and VP Kamala Harris.
As Slay News reported, U.S. markets suffered a “Black Monday” market crash as fear grew over the weekend of an impending recession.
The fears were apparently triggered by a horrific jobs report just days ago.
The economic policies of Biden and Harris were responsible for the poor jobs numbers.
Now the stock market is turning into a huge flop, and analysts are expressing concerns that there is a recession on the horizon – possibly even a depression.
American stocks were down by significant margins, sometimes up to 10% for Apple, for example.
The markets across the United States reacted to huge collapses in foreign stock markets overnight.
Market commentator Stuart Varney said the selloff involves several factors.
Those factors include a housing market in trouble – the high interest rates under Biden’s economy have cut many people out of the market entirely.
In addition, the U.S. is suffering from a growing economic slowdown, and inflation, and more.
“The consumer looks to be tapped out,” Varney’s report on Fox explained.
“Friday’s very weak jobs report convinced investors that the slowdown is real.
“It didn’t help when Warren Buffett revealed he’d sold about half his stake in Apple, and that he had been a net seller of stocks for several quarters.”
Then there’s also the war campaigns around the world that have exploded under Biden’s leadership in America.
Additionally, politics are a major factor, particularly the November election.
American measurements, the DOW Jones Industrial averages, NASDAQ, and S&P all were off between 2% and 3% on Monday.
Republicans wasted no time in highlighting that Biden and Harris have been making the nation’s economic decisions of late.
Those decisions include spending packages of trillions of dollars.
In a video shared by the Republican National Committee, Harris explains:
“Bidenomics. Ha ha ha ha!
“That is called Bidenomics and we are very proud of Bidenomics!”
WATCH:
KAMALA HARRIS: "That is called Bidenomics! Ha ha ha! That is called Bidenomics and we are very proud of Bidenomics!" pic.twitter.com/JwXWeePr1m
— RNC Research (@RNCResearch) August 4, 2023
President Donald Trump also weighed in on the market crash.
Like most other experts, Trump noted that Biden and Harris are to blame for the crisis.
“Of course there is a massive market downturn,” Trump said in a post on Truth Social.
“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’t play games with MARKETS. KAMALA CRASH!!!”
A report from the Gateway Pundit said Harris is now being haunted by her praise of Bidenmoics over the past year.
“Biden and Harris have overseen soaring levels of inflation that have depleted ordinary Americans’ savings and made everything more expensive since seizing power more than three years ago,” the report said.
“All of Wall Street’s main indexes crashed Monday morning, with both the Dow Jones plunging and the Nasdaq Composite cratering, plunging more than 1,000 points after the Opening Bell.
“This news follows last week’s disastrous jobs report, which showed a paltry 114,000 jobs were created and the unemployment rate rising to a three-year high.”
READ MORE – Biden’s Top ‘Bidenomics’ Advisor Joins Harris’s Team as Markets Melt Down
