During his third trip to Iowa this month, donald trump He warned that if he was not elected president in 2024, the United States would see its economy sink into a โ1929โ-era depression. His words came as the Dow Jones Industrial Average reached a record Wednesday.
Trump, who achieved the feat of becoming the first president since Herbert Hoover during the Great Depression to leave the country with fewer jobs at the end of his one-term term, stated that โthe Biden administration is running on the fumes of the great success of the Trump Administration.โ And he added, addressing his followers: โWithout us, this would have collapsed to levels never seen before, and if we are not elected, we will have a depression like I don't think anyone has ever seen... maybe in 1929. ?โ
While Trump's economic legacy has been hotly debated, under his administration the unemployment rate rose to 14.7 percent in April 2021 and when he left office the following January, the rate had stepped back to 6.3 percent. Many economists have noted that the former president's disastrous leadership during the Covid-19 pandemic exacerbated the country's economic recession at the time.
According to data released As of early December by the Department of Labor, under the Biden administration, the US economy added 199,000 jobs in November and the unemployment rate fell to 3.7 percent.
Despite signs that the U.S. economy is strengthening, Trump lashed out at the president and in charge his supporters on Wednesday by naming โone thingโ that has improved under Bidenโs leadership (to which we ask, how much time do they have left?) Trump also urged state residents to vote in the upcoming election, saying, โWe are leading by a lot, but we have to go out and vote. That margin of victory is very, very powerful.โ
During the former president's first visit to Iowa, Trump declared that he would attack Democratic states if Jesus himself โdescended.โ On his second return, he evaded questions about whether abuse power if re-elected president. When asked if he would demand retribution, he chose to say he would make an exception "for the first day."
