US President Joe Biden speaks during an event on lowering health care costs in the East Room of the White House on July 7, 2023 in Washington, DC.
Drew Anger | Getty Images News | Getty Images
President Joe Biden set the stock market record high this week to a new one campaign video who trolled his predecessor, Donald Trump, for predicting a market crash if Biden is elected.
“Good one, Donald,” Biden wrote in the X post.
During the 2020 presidential campaign, then-President Trump said, “If Biden wins, you’re going to have a stock market crash like you’ve never seen before.”
The video replayed that clip, followed by soundbites of news anchors touting recent stock market gains. One memorable snippet showed Larry Kudlow, Trump’s former top economic aide, marveling at the market’s performance on his Fox Business show.
“Uh, let’s talk about the stock market for a second. Boom,” Kudlow said.
Facing the prospect of a rematch with Trump in 2024, Biden is taking advantage of stock market gains to try to make inroads with voters.
The video reflects the growing willingness of the Biden campaign to take direct aim at Trump, who leads the Republican primary field by more than 40 points.
It also reflects a changing tone from the Biden campaign, which has spent the past year focusing on a positive message and touting Biden’s achievements on the economy and job creation.
But this approach has so far failed to resonate with voters, polls show. A pivot to more negative campaign messages, and reminding voters of how Trump managed in office, could help energize disaffected Democrats.
A poll last month from The New York Times and Siena College found that voters trust Trump — who inherited a stronger economy than Biden and left office amid the pandemic — over Biden, on the economy.
