Democratic congressional candidate Tamara Harris says that the record stock market declines under President Trump hurt New Jersey families and retirees.
“Today’s sell-off brings the record losses for American investors, retirees and workers into a second straight week. The Dow Jones Industrial Average, the leading indicator of stock performance on the New York Stock Exchange, has lost more than four percent of its value in that short period of time,” Harris said in a statement released tonight. “That means billions of dollars have evaporated from pensions for seniors, nest eggs for young couples and the retirement accounts of working New Jerseyans. It means the hard work required of everyday Americans to invest in and secure their futures just got harder.”
Harris says its no accident that the losses “come under a president who seems more concerned with using petty grievances to promote division than with crafting policies designed to continue the long economic expansion that began in 2009 under President Barack Obama.”
“President Trump’s regressive tax cuts and his attempts to de-regulate big business and the financial sector at the expense of the American middle class and small businesses is clearly backfiring. I believe voters in the NJ-11th want to change course and opt for new leadership that will stand up to President Trump and support policies that work in their best interests, Harris said.”
Harris is one of three Democrats seeking the nomination to run for the open 11th district seat of Rep. Rodney Frelinghuysen.