U.S. Reps. Gary Palmer, Barry Moore, Jerry Carl and U.S. Senator Tommy Tuberville called out President Joe Biden and Vice President Kamala Harris for creating mounting and compounding problems in the nation’s economy.
The Dow Jones Industrial Average dropped more than 1,000 points Monday, stoking fears of a possible recession. The stock market losses come after the nation’s unemployment rate rose to 4.3% from 4.1% – up nearly a percentage point from the low of 3.4% early last year. The economy also only added 114,000 jobs, the slowest since late 2020 except for this past April.
“When you look at your 401k today, remember that Kamala Harris has spent the last three and a half years saying that #Bidenomics works,” Moore (R-Enterprise) said on X.
When you look at your 401k today, remember that Kamala Harris has spent the last three and a half years saying that #Bidenomics works.
— Rep. Barry Moore (@RepBarryMoore) August 5, 2024
Palmer said he agrees with Moore on the issue. “These are the results of #Bidenomics!” Palmer (R-Hoover) said.
These are the results of #Bidenomics! https://t.co/PLGWwuPkSe
— Gary Palmer (@USRepGaryPalmer) August 5, 2024
Palmer also made sure to blame Harris for what he called the “KamalaCrash.”
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“The #KamalaCrash is the result of weak leadership and poor decisions being made in the White House,” said.
The #KamalaCrash is the result of weak leadership and poor decisions being made in the White House. https://t.co/xwuqNfmjA9
— Gary Palmer (@USRepGaryPalmer) August 5, 2024
U.S. Rep. Jerry Carl (R-Mobile) said today’s indicators are clearly what the United States does not need four more years of.
The last thing we need is four more years of Kamala. #KamalaCrash
— Rep. Jerry Carl (@RepJerryCarl) August 5, 2024
U.S. Sen. Tommy Tuberville argued that this is what happens when the federal government continues its out of control spending,” Tuberville said. “Joe Biden and Kamala Harris have recklessly spent trillions of taxpayer dollars, leading to the highest inflation in decades. Now, the stock market is PLUMMETING. We need steady leadership, not an incoherent President and a VP who can’t speak without a script.”
Joe Biden and Kamala Harris have recklessly spent trillions of taxpayer dollars, leading to the highest inflation in decades.
Now, the stock market is PLUMMETING.
We need steady leadership, not an incoherent President and a VP who can’t speak without a script. https://t.co/xpYF8Ph8sg
— Coach Tommy Tuberville (@SenTuberville) August 5, 2024
Tuberville then mocked Biden for saying to the press recently that he “cured the economy.”
“Our economy wasn’t ‘cured,’ it was DESTROYED,” he said.
Our economy wasn’t “cured,” it was DESTROYED. https://t.co/XJWQaD70zo
— Coach Tommy Tuberville (@SenTuberville) August 5, 2024
Along with the losses in the Dow, the Nasdaq dropped 3.4% and the S&P fell 3%.
Yaffee is a contributing writer to Yellowhammer News and hosts “The Yaffee Program” weekdays 9-11 a.m. on WVNN. You can follow him on X @Yaffee
