On Friday (December 15th) local time, US President Biden released a new campaign video on social media platform X (formerly Twitter), in which he showcased the US stock market index hitting a historic high this week to mock his old rival Donald Trump. Because Trump had previously threatened that if Biden were elected as the President of the United States, the US stock market would collapse.
The US stock market saw a significant increase this week, with all three major indexes achieving seven consecutive weekly gains. The Dow Jones Industrial Average rose for seven consecutive trading days, breaking through the 37000 point mark on Wednesday and reaching a new historical high. On Thursday and Friday, it broke new historical records.
During the 2020 presidential election in the United States, then President Trump claimed that if Biden wins, the stock market will experience an unprecedented collapse.
As the 2024 US presidential election approached, Biden took advantage of the opportunity for the Dow Jones to reach a new high and overturned the old record. He posted a video on X with the caption "Well done, Donald".
The video released by Biden replayed a segment of Trump's past, followed by news anchors praising the recent rise of the stock index, including former senior economic assistant Larry Kudlow, who expressed surprise at the stock market's performance on a program on Fox Business Channel.
As the possibility of Biden and Trump engaging in another showdown in the 2024 election increases, Biden's campaign team is gradually inclined to directly target Trump. Trump's approval rating in the Republican primary was unparalleled, leading by over 40 percentage points.
The video released by Biden reflects a shift in the strategy of his campaign team. Over the past year, the Biden team has been focused on delivering positive messages, promoting Biden's economic achievements, and coining the term "Biden economics".
However, the American public is not satisfied with Biden's economics, and in some polls, voters are more supportive of Trump's economic policies than Biden's. This is a dangerous signal for Biden and the Democratic Party.
Biden's latest campaign video indicates that his team is shifting towards conveying more negative messages, highlighting Biden's strengths by reminding voters of Trump's governance style.