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Joe Biden Boasted ‘I Cured the Economy’ Days Before Global Market Rout

President Joe Biden insisted the Biden-Harris administration “cured” the economy just days before the Dow dropped 900 points and the Nasdaq sank six percent in a global market rout Monday morning. “I cured the economy,” Biden said Tuesday when asked about his administration’s accomplishments: JOE BIDEN LAST WEEK: “I cured the economy.” pic.twitter.com/oBAajoVSuO — Steve Guest (@SteveGuest)
byEmily Carter
5 August 2024
2 minute read
Joe Biden Boasted ‘I Cured the Economy’ Days Before Global Market Rout
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President Joe Biden insisted the Biden-Harris administration “cured” the economy just days before the Dow  dropped 900 points and the Nasdaq sank six percent in a global market rout Monday morning.

“I cured the economy,” Biden said Tuesday when asked about his administration’s accomplishments:

About one week later, economists raised concerns about a recession, CNBC reported:

U.S. stocks fell sharply on Monday as part of a global market sell-off centered around U.S. recession fears. Japan’s Nikkei 22 plunged 12% in its worst day since the 1987 Black Monday crash for Wall Street.

Fears of a U.S. recession were the main culprit for the global market meltdown after Friday’s disappointing July jobs report. Investors are also concerned that the Federal Reserve is behind in cutting interest rates to bolster an economic slowdown, with the central bank choosing instead to keep rates at the highest in two decades last week.

CBS News/YouGov polling shows that a near majority (45 percent) of registered voters  believe their “personal finances” will be better off if former President Donald Trump defeats Vice President Kamala Harris in November. Only 25 percent say the same if Harris wins.

“STOCK MARKETS ARE CRASHING, JOBS NUMBERS ARE TERRIBLE, WE ARE HEADING TO WORLD WAR lll, AND WE HAVE TWO OF THE MOST INCOMPETENT “LEADERS” IN HISTORY,” Trump posted on Truth Social on Monday. “THIS IS NOT GOOD!!!”

Wendell Husebo is a political reporter with Breitbart News and a former RNC War Room Analyst. He is the author of  Politics of Slave Morality. Follow Wendell on  “X” @WendellHusebø or on  Truth Social @WendellHusebo.

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Emily Carter
Hello, I'm Emily Carter, a technology writer fascinated by the ever-evolving world of tech. I specialize in writing about the latest innovations, gadgets, and trends that are shaping our future. With a background in computer science and a knack for making complex topics accessible, I aim to inform and inspire my readers about the possibilities of technology.
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