Research/Study
Trump and his MAGA media boosters try to blame VP Kamala Harris for a drop in the stock market
Financial news outlets report that the selloff occurred in response to a weaker-than-expected jobs report, which economists blamed on the Federal Reserve
Published
On Monday, stocks tumbled globally following Friday’s release of a weaker-than-expected jobs report, which economists have pinned on the Federal Reserve for not cutting interest rates earlier. According to CNN, the Dow Jones Industrial Average, S&P 500, and NASDAQ each plunged by several percentage points when trading opened.
Yet former president and current GOP presidential nominee Donald Trump used his Truth Social account to baselessly cast blame on likely Democratic presidential nominee Vice President Kamala Harris for the market tumble. Following Trump’s posts on the “Kamala Crash,” right-wing media figures also picked up this framing.