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Tags: bidenomics | inflation | donald trump | fail

Trump: 'Bidenomics' Is 'Inflation, Taxation, Submission, Failure'

By    |   Thursday, 14 September 2023 11:50 AM EDT

Americans have "not been fooled" by President Joe Biden's effort to "contort the facts" on economic conditions, according to former President Donald Trump's campaign.

"Crooked Joe Biden has spent months boasting that he deserves political credit and public gratitude for the state of the U.S. economy," the Trump campaign wrote in a lengthy statement rebuking Trump's political rival. "He has insisted that American families are prospering and thriving under policies that he himself has branded and promoted as 'Bidenomics.' But the public has not been fooled. They see Bidenomics for what it is: inflation, taxation, submission, and failure."

Citing polls, Trump laid out his economic record.

"Here is the truth: Americans were better off financially under President Trump," he wrote.

"Joe Biden is responsible for the most disastrous administration in American history," the statement concluded. "Now he wants to contort the facts in a transparent attempt to lie about his mortifyingly bad record.

"As Americans well remember, President Trump built the greatest economy in the history of the world. In fact, he did it twice. And once he defeats Crooked Joe Biden, he will do it a third time starting on Election Night 2024."

Trump continued: "With polls confirming that Americans overwhelmingly reject Biden's effort to whitewash his abysmal economic record, he will now attempt to reverse his message 180 degrees, ludicrously trying to blame President Trump for the destruction and misery that Joe Biden himself has wrought.

"President Trump saved the U.S. economy and millions of American jobs, and then handed Joe Biden the fastest and strongest recovery ever recorded, with no inflation. Upon taking office, Joe Biden and the radical left zealots staffing his White House systematically wrecked the booming Trump economic comeback they inherited."

Among the economic-crushing policies cited by the Trump campaign:

  • Joe Biden shut down the Keystone XL pipeline.
  • Waged war on American energy.
  • Added hundreds of billions of dollars in regulatory burdens (over $10,000 per household).
  • Imposed a colossal tax hike.
  • Threw open the southern border, sending millions of illegal alien migrants pouring into communities nationwide and straining local budgets and social services to the breaking point.

"In addition, defying the explicit warnings of President Obama’s top economic adviser (who told Biden that his overspending would cause catastrophic inflation), Biden spent an unprecedented $11.5 trillion at a time when there was neither a war nor a national emergency," Trump's statement hammered on.

"This included over $4 trillion on three massive socialist spending bills crammed with every ridiculous and dangerous idea that the most fringe far-left lunatics in Congress ever dreamed up. These three bills alone cost taxpayers over $30,000 per household."

These moves were "atrocious economic misjudgments" and led to a "cumulative inflation rate of nearly 20%," the statement added.

"This fiscal calamity is entirely Joe Biden’s doing, caused by policies implemented under his administration," Trump's campaign wrote. "Under Biden, the federal deficit is projected to double this year alone.

"On top of it all, Biden’s absurdly burdensome Electric Vehicle mandate is a death sentence for the U.S. auto industry — a major reason why American autoworkers are refusing to endorse him."

Eric Mack

Eric Mack has been a writer and editor at Newsmax since 2016. He is a 1998 Syracuse University journalism graduate and a New York Press Association award-winning writer.

© 2024 Newsmax. All rights reserved.


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Americans have "not been fooled" by President Joe Biden's effort to "contort the facts" on economic conditions, according to former President Donald Trump's campaign. "Crooked Joe Biden has spent months boasting that he deserves political credit and public gratitude for the...
bidenomics, inflation, donald trump, fail
517
2023-50-14
Thursday, 14 September 2023 11:50 AM
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