President Biden’s reelection campaign bashed Republican frontrunner Donald Trump after he predicted the U.S. economy would crash in the next year. Recent polling shows that voters trust Trump over Biden to steer the economy.
Be honest, Trump
“Donald Trump should just say he doesn’t give a damn about people, because that’s exactly what he’s telling the American people when he says he hopes the economy crashes. In his relentless pursuit of power and retribution, Donald Trump is rooting for a reality where millions of Americans lose their jobs and live with the crushing anxiety of figuring out how to afford basic needs,” Biden reelection campaign manager Julie Chávez Rodríguez said.
The Biden campaign sees former President Trump’s comments as an opportunity to push their economic arguments amid their struggles with voters frustrated with the administration’s handling of the economy.
Iowa caucus ahead
Trump made the prediction in a recent interview with former Fox Business Network host Lou Dobbs. His prediction comes as he looks to sharpen his economic arguments, including against Biden, ahead of the GOP primary contests, which start with the Iowa caucuses on January 15.
Anyone but Hoover
“When there’s a crash, I hope it’s going to be during this next 12 months because I don’t want to be Herbert Hoover. The one president – I just don’t want to be Herbert Hoover,” Trump said in the right-wing Lindell TV interview.
Biden sees similarities
The stock market crashed in 1929 after President Herbert Hoover had been in office for less than a year, setting the course for the Great Depression. Biden has begun comparing Hoover and Trump during his campaign events.
Biden’s new Trump nickname
At a campaign fundraiser in December, Biden said, “He’s the only president other than Herbert Hoover who actually lost jobs in a four-year period. And that’s why I often think of him as Donald ‘Herbert Hoover’ Trump.”
The White House continued to pounce on Trump’s comments. White House spokesperson Andrew Bates stated, “A commander in chief’s duty is to always put the American people first; never to hope that hard-working families suffer economic pain for their own political benefit.”
Biden creates jobs
Chávez Rodríguez argued in her statement that President Biden “has delivered where Trump has failed the American people.” “On day one, he got to work fixing the economic crisis Trump left behind by helping to create over 14 million jobs, including bringing back hundreds of thousands of manufacturing jobs, and lowering costs for families.”
“The bottom line: President Biden wakes up every day working and rooting for the American people. Donald Trump spends every day worried about himself,” she said.
Republicans winning on the economy
Voters have consistently listed the economy as a top concern heading into the November election. According to a recent CNN poll, seven in ten Americans believe economic conditions in the U.S. are poor. Most also said their economic views aligned more closely with the GOP than the Democrats.
Biden touts economic agenda
President Biden has hit the campaign trail arguing that Bidenomics, his economic agenda, is working, and points to the decline in inflation and low unemployment as proof of its success. But it has largely fallen flat with voters, who do not credit the president for improving the economy.
Yellen: no need for doom and gloom
In a recent interview, Janet Yellen, Biden’s Treasury Secretary, defended the state of the economy to CNN. “There has been a lot of pessimism about the economy that’s really proven unwarranted. A year ago, most forecasters believed we would fall into a recession. Obviously, that hasn’t happened,” she said, adding, “We have a good strong labor market.”
Still time left
The president’s advisers acknowledge that improving economic performance will take a while to seep into the American psyche, but hope they have the time to sell their message about the benefits of Bidenomics before Election Day.