Former President Donald Trump issued a statement claiming that voters have a choice between “Trump prosperity” or the “Kamala Crash & Great Depression of 2024” as the Dow Jones Industrial Average plummeted roughly 1,000 points on Monday morning.
As stock markets plummeted on Monday morning, Trump issued a statement on Truth Social. The former president labeled the economic downturn as the “Kamala Crash” and warned of another economic depression.
“Of course there is a massive market downturn. Kamala is even worse than Crooked Joe,” Trump wrote. “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!!!”
Following Trump’s initial post on Monday morning, he outlined a choice for voters ahead of the November election.
“VOTERS HAVE A CHOICE — TRUMP PROSPERITY, OR THE KAMALA CRASH & GREAT DEPRESSION OF 2024, NOT TO MENTION THE PROBABILITY OF WORLD WAR lll IF THESE VERY STUPID PEOPLE REMAIN IN OFFICE,” the former president wrote. “REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING!!!”
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According to The New York Post, Trump’s statements came after the Dow Jones Industrial Average dropped by 1,000 points in Monday morning trading. The outlet noted that the Dow Jones Industrial Average closed with a drop of over 600 points on Friday following a weak job growth report.
The New York Post reported that the stock market drop is due to a major stock selloff prompted by Friday’s job growth report, which showed that the United States economy only added 114,000 new jobs in the month of July despite economists predicting 175,000 new jobs being added. According to the New York Post, economists have since expressed concerns that there could be an economic slowdown or recession.
Concerns of an economic slowdown or recession come as the economy continues to be plagued by inflation and rising costs for consumers. Under the Biden-Harris administration, consumer costs have increased over 20%, according to The New York Post.
The current economic downturn is in sharp contrast with the boost the stock market experienced under the Trump administration. From Trump’s presidential election victory in November of 2016 to just before the start of the COVID-19 pandemic in February of 2020, the Dow Jones Industrial Average skyrocketed by nearly 60%, according to The New York Post. Despite the global pandemic, the stock market recovered by the end of Trump’s term in the White House.
