Vice President Kamala Harris campaign pointed out fingers to former President Donald Trump for the recent increase in the unemployment rate, despite the increase that occurred under her and Joe Biden's watch.
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James Singer, a spokesman for Harris' presidential campaign, didn't miss an opportunity to blame Trump for past and potential future economic problems. “Donald Trump failed Americans as president, costing our economy millions of jobs and bringing us to the brink of recession,” Singer said. He also accused Trump of planning more harm with his “Project 2025” agenda, which he claimed would “decimate the middle class and raise taxes on working families,” along with other serious impacts.
This blame game comes as new data revealed the jobless rate had risen to 4.3 percent, with July job growth below expectations.
Only 114,000 jobs were added, a sharp underperformance compared to the 180,000 jobs economists had forecast.
In accordance with Breitbart News Economics editor John Carney, this rise in unemployment could be an early warning of an impending recession, referring to the “Sahm ​​rule”, a historical indicator of economic recession.
Adding to the economic discourse, Fed Chairman Jerome Powell acknowledged the concern on Wednesday, noting that while the Sahm's Rule it often precedes a recession, it is not an absolute predictor of one.
Meanwhile, Republicans have expressed their dissatisfaction with the current administration's handling of the economy.
Karoline Leavitt, national press secretary for the Trump campaign, criticized Vice President Harris for her support of 'Bidenomics'. “Kamala Harris has proudly and repeatedly celebrated her role as Joe Biden's co-pilot on 'Bidenomics.' She cast tie-breaking votes in the Senate on spending that put inflation on steroids and, despite evidence that working families in America are harmed, it tells us that these failed plans work,” Leavitt said. He concluded with a stark portrait of the economic landscape, noting, “The basic needs of food, gas and housing are less affordable, unemployment is rising and Kamala doesn't seem to care.”