The Harris team has argued that Trump's policies and actions during his presidency led to significant job losses and brought the nation to the brink of a recession.
"Donald Trump failed Americans as President, costing our economy millions of jobs, and bringing us to the brink of recession," stated James Singer, spokesperson for Harris for President, according to Fox News. Singer further criticized Trump's proposed Project 2025 agenda, claiming it would "decimate the middle class and increase taxes on working families, while ripping away health care, raising prescription drug costs, and cutting Social Security and Medicare — all while making his billionaire donors richer."
Despite the current economic challenges, Singer emphasized that significant progress has been made under the Harris administration. He added that the Vice President is committed to further work to reduce costs for families. Harris' primary goal, Singer said, is to strengthen the middle class by combating corporate greed, eliminating hidden fees, and capping unfair rent increases and drug costs.
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These comments from the Harris campaign come in the wake of a significant slowdown in U.S. job growth in July, coupled with an unexpected rise in the unemployment rate to its highest level in almost three years. The Labor Department reported that employers added only 114,000 jobs in July, falling short of the 175,000 gain forecast by LSEG economists. The unemployment rate also rose unexpectedly to 4.3%, the highest since October 2021.
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This report has fueled concerns about the weakening economy amidst ongoing inflation and high interest rates. The disappointing data has also raised questions about the Federal Reserve's decision to maintain interest rates at a 23-year high, with some suggesting that a rate cut may be necessary.
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Despite the overall disappointing jobs report, certain sectors such as health care, construction, government, and transportation and warehousing saw notable growth. However, the information and financial activities sectors experienced job losses.
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The Trump campaign, in response, has laid the blame squarely on the Biden-Harris administration. Karoline Leavitt, Trump Campaign National Press Secretary, criticized Harris for her role in the current economic situation, stating, "Kamala Harris has proudly and repeatedly celebrated her role as Joe Biden’s co-pilot on ‘Bidenomics,’" She added, "She cast tie-breaking votes in the Senate for spending that put inflation on steroids, and despite the evidence that America’s working families are hurting she tells us these failed plans are working."
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Leavitt further criticized Harris for her perceived indifference to the struggles of working families, stating, "The basic necessities of food, gas and housing are less affordable, unemployment is rising, and Kamala doesn’t seem to care."
As the economic debate continues, it remains to be seen how the Harris administration will address these ongoing challenges and whether their strategies will lead to the desired economic recovery.
