U.S. President Joe Biden speaks at an event on reducing health care costs in the East Room of the White House on July 7, 2023 in Washington, DC.
Drew Angerer | Getty Images News | Getty Images
President Joe Biden on Friday paraded the stock market to new highs this week. campaign video The comment was a smear on his predecessor, Donald Trump, for predicting that the market would collapse if Biden was elected.
“Good job, Donald,” Biden wrote in a post to X.
During the 2020 presidential campaign, then-President Trump claimed, “If Biden wins, there will be a stock market crash the likes of which we have never seen before.”
The video played that clip, followed by a soundbite of a newscaster touting the recent stock market rally. One memorable snippet showed Trump’s former economic chief of staff, Larry Kudlow, marveling at the market’s performance on Fox Business.
“Well, let’s talk a little bit about the stock market. Boom,” Kudrow says.
Facing the prospect of a rematch with Trump in 2024, Biden is trying to capitalize on the stock market rally to appeal to voters.
The video reflects the Biden campaign’s growing desire to directly target Trump, who holds a more than 40-point lead in the Republican primary.
It also reflects a shift in tone from the Biden campaign, which has focused on positive messages over the past year and touted Biden’s economic gains and job creation.
But polls show that this strategy has so far failed to resonate with voters. Pivoting to a more negative campaign message and reminding voters of how President Trump has governed during his time in office could help energize disgruntled Democrats .
a poll The New York Times and Siena College found last month that voters have more confidence in Trump, who inherited a stronger economy and left office amid the pandemic, than Biden did.
