United States: The Ex-president Trump is expected to speak on the economy in North Carolina on Wednesday as the campaign tries to reshoot spots against Harris.
More about the news
According to Trump, during an interview with Elon Musk on X on Monday, “The election’s coming up, and the people want to hear about the economy,” while directly pointing and blaming the Biden-Harris administration for Americans’ pessimism about the economy.
The economy has been one of Trump’s campaign’s biggest focus points this election cycle. The former president has, at times, exclusively focused on inflation, gas prices, and employment statistics.
Trump even pointed out during the interview, “I just ask this: Are you better off now, or were you better off when I was president?”
Last week, Trump also blamed the Biden-Harris administration for the recent stock market sell-off, called the “Kamala crash.”
At the same time, it stemmed from claims that the downward motion of the American economy has happened as people have “no confidence” in Harris.
Experts say concerns about the health of the economy and the Federal Reserve’s long wait to lower interest rates are among the key reasons.
Great Depression- kind of situation could arise
However, the stock market has since recovered, and Trump has continued to focus on economic concerns and is claiming with no evidence or clear description that if Harris wins in the General election, it could lead to a ‘Great Depression of 1929’ – seem like an unfunded attack that Trump had also made against Joe Biden, as the ABC News reported.
While on the campaign trail, Trump announced sparse details regarding specific economic policy proposals for his possible second administration. For example, he offered his signature “Trump tax cuts,” “Trump tariffs,” and “drill, baby, drill,” which would boost the oil and gas industry as a solution to most of the economic problems.
In recent weeks, however, he has touted two new policies: repealing taxes for tip wages and the Social Security of the elderly.
While running for the presidency in June this year in Las Vegas, Trump used the cut of taxes as a direct appeal to hospitality industry workers in Nevada, stating that he would sign it into law as “first thing in office.”
