Biden flaunts inventory market document highs, mocks Trump for predicting ‘collapse’

U.S. President Joe Biden speaks throughout an occasion about decreasing well being care prices within the East Room of the White Home on July 7, 2023 in Washington, DC.

Drew Angerer | Getty Photographs Information | Getty Photographs

President Joe Biden paraded this week’s inventory market record highs Friday in a brand new campaign video that trolled his predecessor, Donald Trump for predicting a market collapse if Biden had been elected.

“Good one, Donald,” Biden wrote within the submit on X.

Throughout the 2020 presidential marketing campaign, then-President Trump claimed, “If Biden wins, you are gonna have a inventory market collapse the likes of which you’ve got by no means had.”

The video replayed that clip, adopted by soundbites of reports anchors touting the inventory market’s latest positive aspects. One memorable snippet confirmed Larry Kudlow, Trump’s former high financial aide, marveling on the market’s efficiency on his Fox Enterprise present.

“Uh, let’s simply discuss for a second in regards to the inventory market. Increase,” Kudlow says.

Dealing with the prospect of a rematch with Trump in 2024, Biden is seizing on the inventory market positive aspects to attempt to get by to voters.

The video displays a rising willingness by the Biden marketing campaign to take direct purpose at Trump, who leads the Republican main subject by greater than 40 factors.

It additionally displays a shifting tone from the Biden marketing campaign, which has spent the previous 12 months targeted on a constructive message and touting Biden’s financial positive aspects and job creation.

However this technique has thus far didn’t resonate with voters, polls show. A pivot to extra damaging marketing campaign messages, and reminding voters of how Trump ruled in workplace, may assist to energise disaffected Democrats.

A poll final month from The New York Instances and Siena School discovered voters trusted Trump — who inherited a stronger economic system than Biden and left workplace in the course of the pandemic — over Biden, on the economic system.

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