Biden attacks Trump's economic record in Labor Day speech

 September 5, 2023

President Joe Biden rhetorically on his predecessor and likely 2024 opponent this week when attacked former President Donald Trump's economic record. 

According to NBC News, the president's remarks came as he spoke in Philadelphia on Monday ahead of a Labor Day parade.

Biden compares Trump to President Herbert Hoover

"It wasn't that long ago we were losing jobs in this country," Biden insisted. "In fact, the guy who held this job before me was just one of two presidents in history who left office with fewer jobs in America than when he got elected."

He then complained that the only other American leader to leave office with fewer jobs than when he came in was Depression-era President Herbert Hoover, something Biden implied wasn't "coincidental."

Hoover is widely regarded as one of our worst presidents.

"He didn’t build a damn thing"

"Guess what? The great real estate builder, the last guy, he didn’t build a damn thing," the president went on to bellow.

"When the last guy was here, we were shipping jobs to China. Now we’re bringing jobs home from China. When the last guy was here, your pensions were at risk," he insisted.

"We helped save millions of pensions with your help. When the last guy was here, he looked at the world from Park Avenue. I look at it from Scranton, Pennsylvania, I look at it from Claymont, Delaware," Biden declared.

"All I hear from my friends on the other side is what they say is wrong with America. They keep telling us America’s failing. They’re wrong. I’ve got news for them: America has the strongest economy in the world right now, today," the president told his listeners.

Poll finds 65% of Americans think economy is "bad"

However, NBC News noted that Trump campaign spokesperson Steven Cheung fired back with a statement recalling how Trump "produced a booming economic recovery, and record low unemployment for African Americans, Hispanic Americans, Asian Americans and women."

"Joe Biden is the destroyer of America’s jobs and continues to fuel runaway inflation with reckless big government spending. President Trump’s vision for America’s economic revival is lower taxes, bigger paychecks and more jobs for American workers," Cheung said.

A CBS News/YouGov poll carried out between July 26 and July 28 suggests most Americans agree with that assessment.

It found that 65% of respondents said the economy is "bad" compared with only 29% who characterized it as being "good." Of those who had heard the term "Bidenomics," 50% said they associated it with higher inflation while 49% tied it to higher taxes.

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