Biden Harris Blasted Over Stock Market Crash 

Fox Business anchor Charles Payne criticized the Biden-Harris administration’s economic policies on Monday as the stock market experienced a sharp decline at the start of trading.

On Monday, the U.S. stock market had its worst opening since 2021, with the Dow Jones Industrial Average and the S&P 500 dropping by as much as 3% and 3.4%, respectively. This followed a Friday jobs report revealing that the unemployment rate had risen to 4.3%, according to NBC News. Payne attributed the current global market downturn directly to the policies of President Joe Biden’s administration.

The people who said that Trump will crash the economy and start World War III, are the ones that are actually crashing the economy and starting World War III. pic.twitter.com/fi3n8pQHol

— Carla (@thecoffeesfresh) August 5, 2024

“This is not because of a once-in-a-century element that no one saw coming and had to lock down an entire global economy. This is because of policies that triggered 40-year high inflation that have now taken a massive toll on the economy,” Payne said on Fox News’ “America’s Newsroom.”

Payne blasted Harris and Biden over their signature bill, the Inflation Reduction Act. The Fox anchor maintained that the bill contributed to the rising inflation that characterized the Biden-Harris inflation.

'It's Nuts!': Fox Business' Charles Payne Unloads on Biden-Harris Admin's Economic Policies As Market Tanks pic.twitter.com/ah6tE4T18U

— Daily Caller (@DailyCaller) August 5, 2024

“The main focus here was all the money that not only did Biden and Harris pump into the economy that continue to gush in,” Payne added. “And ironically they brag about things like the Inflation Reduction Act. That’s stoking inflation! They brag about all the money they’re giving the world, to the richest corporations, to build factories here. Well guess what? We gave $8.5 billion to Intel and you know what we got in return? They’re gonna get rid of 15,000 workers. Is that smart? Is that really brilliant? Is that what should really be done with taxpayer money, stoking inflation and losing jobs? It’s nuts! What you’re seeing right now in the stock market is what Americans have been feeling for the past three years. It’s just a manifestation of it right now.”

In case you were wondering how we got the Kamala Crash:

This is the Biden-Harris Administration’s handpicked Economic Advisors Chair, Jared Bernstein, struggling to understand basic economics and the consequences of uncontrolled money printing

Painfully incompetent leaders. pic.twitter.com/xBs3N4TuP1

— Benny Johnson (@bennyjohnson) August 5, 2024

In August 2023, economists agreed with Payne that the $740 billion Inflation Reduction Act was not responsible for reducing inflation. The economists suggested that its name was more politically motivated than reflective of its actual impact. When the act was passed in August 2022, both the White House and the Congressional Budget Office (CBO) claimed it would address inflation and reduce costs for American families.