This Monday, President Joe Biden delivered a speech at the White House in which he expertly went after claims from ex-President Trump and others about the way that the economy would turn out in the event of a Biden presidency. Top Republicans repeatedly predicted economic devastation if Biden won the White House — but the economy is strengthening, with overall economic growth currently at substantial levels. Similarly, jobs are getting added to the U.S. economy at high rates, marking a dramatic turnaround from the situation that Trump left behind when he left the presidency. At the White House, Biden laid out just how wrong that Trump and others were.
As Biden put it:
‘Before I took office, there were a lot of folks out there making some pretty bold predictions about how things would turn out. You might remember some of the predictions — that if I became president, we’d “see a depression the likes of which we’ve never seen.” Well, it’s true that the economy was sputtering before I got here, adding only 60,000 jobs per month for three months before I was sworn in, but now, six months later, we’ve changed that. We’ve gone from 60,000 jobs per month to 60,000 jobs every three days… Another prediction, that is my favorite one I must add, is that if I got elected, I’d bring the end to capitalism. I never understood that one, but we’ve heard an awful lot. Well, six months into my administration, the U.S. economy has experienced the highest economic growth rate in nearly 40 years.’
Watch Biden’s remarks below:
President Biden begins his speech on the economy by bodying Trump pic.twitter.com/ze1qEtFmyp
— Aaron Rupar (@atrupar) July 19, 2021
Ahead of Trump’s loss, he made other dubious predictions about what a Biden presidency would entail. As Trump put it on Twitter at one point, “Biden and the Radical Left want to Abolish Police, Abolish ICE, Abolish Bail, Abolish Suburbs, Abolish the 2nd Amendment — and Abolish the American Way of Life. No one will be SAFE in Joe Biden’s America!” These comments are simply nonsensical. Biden has never sought to “abolish police” or “abolish suburbs,” and he has simply never sought to “abolish” the Second Amendment either. Trump was just incorrect — and sounded strangely delusional. Trump often refused to engage on actual, real-world issues — instead, he stuck to this fairy tale nonsense.
