President Biden had plenty to say about Trump’s comments on the economy during a speech in Raleigh, North Carolina. The president used interesting comparisons and questioned whether Trump knew what he was talking about.
Biden on Trump
The president discussed Trump and asked, “Did you hear he wants to see the stock market crash?” He then compared Trump to Hoover, “We’re doing well, he’s acknowledging that we’re doing pretty damn well economically, and we’re getting better. He wants to see the stock market crash. Do you know why? He doesn’t want to be the next Herbert Hoover.”
“He’s already Hoover”
The president then declared, “He’s already Hoover,” and tried to be courteous, “Some of the things he says — well, I’m not getting started. But look, frankly, to put it very politely, he doesn’t know what he’s talking about.”
“A failing nation?”
President Biden even gave himself the sign of the cross while calling Trump a “sinner.” Biden stated, “My predecessor likes to say, ‘America is a failing nation.’ In my faith, bless me, Father, for he has sinned.” Then he remarked, “I mean, come on. A failing nation?”
Harris went to North Carolina
The Vice President visited North Carolina a week before Biden, where she announced that $285 million would be provided for schools to help hire over 14,000 mental health counselors. While in Charlotte, VP Harris had “conversations focused on gun violence prevention and keeping kids safe.”
The Safer Communities Act
The bipartisan Safer Communities Act will provide the money. President Biden signed the act into law in June 2022. This is “the single largest investment in student mental health in history,” officials confirmed.
Trump’s hopes
President Biden’s criticism of the 45th president and likely GOP nominee came after Trump’s statements on Lindell TV earlier in January. Trump said, “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.”
“So fragile”
Trump added, “The one president – I just don’t want to be Herbert Hoover.” He continued by calling Biden’s economy “so fragile” and “running off the fumes” of his administration.
White House fired back
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.” Bates added, “Republican officials should welcome the economic progress President Biden is delivering.”
The backlash
Trump faced backlash over his sentiments. The Hill reported that Gordon Gray, vice president for economic policy at the American Action Forum (AAF), a right-leaning research nonprofit, said, “Donald Trump is not a normal candidate, and that’s why he can get away with this kind of thing. He’s untethered to norms and usual political forces.”
Biden previously compared Trump and Hoover
In late summer, Biden said, “My predecessor promised to be the greatest job president in history. Well, it didn’t really work out that way. He lost 2 million jobs in the course of his presidency.” That’s where he drew comparisons between the two presidents.
Trump does not care
Biden campaign manager Julie Chávez Rodríguez also slammed Trump’s comments, saying that he “doesn’t give a damn about people” and adding, “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.”
The Economic Policy Institute chief is optimistic
“For now, the economy is strong, and there’s no glaring vulnerability like a huge asset market bubble someplace — spending is mostly being financed out of earnings from a strong labor market,” said the Economic Policy Institute chief Josh Biven. He added that he has “strong” expectations for 2024.
Outside factors
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Image by Depositphotos.com Biven also shared, “There are always wild cards like some crazy geopolitical shock.” Gray also explained how this goes beyond the race for the White House, “There’s an element of his rhetoric that is in no way novel and is entirely within keeping with campaign rhetoric, and then there’s a Trumpian excess.”
Hoover’s legacy
Illustration. Image by Depositphotos.com The 31st president served during the Great Depression from 1929 to 1933. The Republican was accused of not being capable of mitigating the negative economic consequences, and though he ran for reelection, he lost to the Democratic candidate.
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