Trump Comments On The Economy

Former President Donald Trump has once again dominated the news cycle, this time for his shocking comments regarding the economy. In an appearance on “Lou Dobbs Tonight” on Monday, Trump stated that he is hoping for an economic crash in the next 12 months. Some have accused Trump that he desires this in order to improve his chances of beating current President Joe Biden in the November election.

During his interview, Trump referenced former President Herbert Hoover and expressed his desire to not follow in his footsteps. “I don’t want to be Herbert Hoover,” Trump stated, in reference to the 31st President who took office during the onset of the Great Depression.

“When there’s a crash, I hope it’s going to be during these next 12 months because I don’t want to be Herbert Hoover,” Trump said during Monday’s episode of “Lou Dobbs Tonight.”

“The one president — I just don’t want to be Herbert Hoover,” added Trump.

Trump went on to criticize Biden’s handling of the economy, stating that “the country is in the greatest danger it’s ever been” under his leadership. He also claimed that the economy is “fragile” and only running on the “fumes” of his administration’s policies. However, the latest jobs report showed 216,000 jobs added to the economy, suspiciously well above economists’ expectations.

Dobbs then asked Trump about his plans for helping struggling Americans should he take office again. Trump responded by touting his administration’s efforts to boost the economy through energy production. He specifically mentioned the Keystone XL crude oil pipeline, which was canceled by Biden shortly after he took office in 2021. The pipeline, which was set to move up to 830,000 barrels of crude daily, was seen as a major economic opportunity for the US.

Trump also criticized the current state of inflation, claiming that it is at a level not seen in 70 years. And he’s not wrong. The latest Consumer Price Index reading showed a 3.1% increase in inflation in November, which is well above the Federal Reserve’s 2% target. This indicates that inflationary pressures are on the rise, and this trend has continued during Biden’s presidency. In fact, under Biden, the three-year inflation rate is 17.2%, with an average of 5.9% per year.

New York Post