Senate Majority Leader Chuck Schumer (D-NY) boasted about Democrats’ impacts on the United States economy, accusing former President Donald Trump of trying to take credit.
In a post on X, Schumer touted the record-high closings of the Dow Jones and S&P 500 last week.
“After the Dow Jones and S&P 500 hit record highs last week, Trump deployed a spin job for the ages calling it the ‘Trump Stock Market.’ You can’t make it up,” the Democratic leader said. “Trump predicted a crash if he lost the 2020 election. Now with @POTUS Biden and Democrats, the economy’s in an upswing!”
After the Dow Jones and S&P 500 hit record highs last week, Trump deployed a spin job for the ages calling it the “Trump Stock Market.”
You can’t make it up.
Trump predicted a crash if he lost the 2020 election.
Now with @POTUS Biden and Democrats, the economy’s in an upswing!
— Chuck Schumer (@SenSchumer) January 31, 2024
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President Joe Biden and Democrats have used promising economic numbers as a central campaign pitch for 2024, while Trump and Republicans have argued otherwise, portraying struggles with inflation as a key weakness of the Biden administration.
Biden has faced strong backlash to his “Bidenomics” messaging, but the president’s campaign has pushed hard to emphasize his economic efforts, especially as he faces a crisis at the border and conflicts in the Middle East.