Kamala Harris on recession

Donald Trump has intensified his critique of the Biden administration's economic policies, framing the upcoming election as a choice between 'Trump cash' and 'Kamala crash.' Recent labor market data reveals a significant slowdown, with payroll growth dropping to 114,000 in July and an increase in the unemployment rate to 4.3%, raising recession concerns and prompting speculation about an emergency Federal Reserve rate cut. Trump is seizing on these economic indicators, declaring that voters face a dire scenario under Vice President Kamala Harris, whom he claims will lead to a 'Great Depression' if elected. Amidst a backdrop of stock market declines, Trump argues that current economic turmoil is a direct consequence of Democratic leadership. His commentary includes predictions of a serious economic slump and emphasizes that the situation would be different if he were in office. Analysts caution against over-reliance on recession indicators like the Sahm rule, noting an unusual disconnect between economic growth and rising unemployment.