WILMINGTON, Del. – President Joe Biden criticized former President Donald Trump’s economic record, accusing him of failing to deliver the benefits of a strong economy to the American people during a speech in North Carolina.
Biden, speaking at an event in Raleigh, North Carolina, argued that Trump’s economic policies primarily benefitted the wealthy, citing the disparities in income and job growth throughout the country. He specifically called attention to the stock market, suggesting that Trump’s potential 2024 rival wants to see a crash in the markets.
During his speech, Biden also drew parallels between Trump’s handling of the economy and that of former President Herbert Hoover, who was in office during the Great Depression. He argued that Trump’s policies led to economic hardship for many Americans, emphasizing the need for a more equitable approach to economic growth and recovery.
The President’s remarks come as the 2024 election cycle begins to take shape, with political rivals already starting to position themselves for potential campaigns. By delivering a strong critique of Trump’s economic record, Biden is setting the stage for a significant debate over economic policy and the direction of the country in the coming years.
Biden’s speech was met with mixed reactions from both supporters and critics, with some echoing his concerns about the distribution of wealth under the previous administration, while others defended Trump’s economic record and questioned the credibility of Biden’s claims.
As the political landscape continues to evolve, it is clear that economic policy will be a significant point of contention in the upcoming election, with both sides seeking to convince voters that their vision for the country’s economic future is the right one.