Donald Trump blamed Joe Biden and Kamala Harris for the “crash” of the US stock market. Predictably, this topic will now become important in the election battles and possible debates of presidential candidates. Trump's TrustSocial post:

“The stock market is crashing. I told you! Kamala Harris doesn't understand. Biden is out. This is what the incompetent American government is leading to."

Trump also called the downturn on Wall Street "Kamala", a name like a hurricane.

The theme of criticism was picked up by anti-Democrat crypto bloggers, with posts with the theme “We did it, Joe” against the backdrop of blood-red stock market data.

Meanwhile, the White House issued a release saying Joe Biden's senior economic adviser Gene Sperling was resigning. Such a painful reaction means that the Biden and Harris administration are reacting to the situation and understand the risks it poses for the election of a “Democratic” candidate. And that the White House will take measures to prevent the country from going into a “hard landing” and sliding into recession. To begin with, sending the “guilty sheep” to the symbolic slaughter.

There is only one recipe for solving the problem - liquidity for the markets. This means either turning on the printing press or lowering the interest rate.