Former President Donald Trump appeared to lose it at his rally in South Dakota when he characterized Joe Biden’s catastrophic “Bidenomics” and the nation’s impending “Great Depression.”
“If you took the five worst presidents in the history of the United States and added them up, they would not have done near the destruction to our country as Joe Biden and the Biden administration have done in a few short years,” said Trump on Friday during a speech in Rapid City, South Dakota.
“And no damage has been worse than the disaster known as Bidenomics.”
Trump emphasized the following shortcomings in Biden’s economic plan:
- Since Joe Biden took office, cumulative inflation has reached almost 20 percent — and the dollar has lost more than 20 percent of its value in just three years’ time…
- Joe Biden has blown through $11.5 trillion dollars in wasteful spending — equivalent to $88,000 dollars taken from every American family.
- Under Biden, the budget deficit is exploding and set to more than double this year alone…
- Manufacturing has contracted ten months in a row, and monthly jobs reports have been revised downward every single month of 2023.
- During Biden’s first 30 months in office, just 2.1 million new jobs have been created nationwide. By contrast, during the first 30 months of President Trump, we created 4.9 million new jobs, shattering all predictions.
- Under Biden, real incomes have gone down by $7,400 dollars per family. Under President Trump, yearly income went up by more than $6,000 dollars.
Trump warned that “we’re heading into a great depression.”