Trump slams 'economic arsonist' Biden, warns of looming 'great depression'

"It's a hell of a statement to make and I hate to make it. The only question is whether or not it'll be during the remaining months of the Biden administration," he said.

Published: September 8, 2023 10:42pm

Updated: September 8, 2023 10:43pm

Former President Donald Trump on Friday warned that the United States may be spiraling toward a "great depression" under the Biden administration.

Trump pointed various economic indicators, including the declining value of the U.S. dollar, cumulative inflation, and downward revisions to jobs numbers.

"Under Biden, the deficit is exploding," he lamented. "Manufacturing is contracting. Now, ten months in a row our monthly jobs reports have been revised downward, every single month."

"All of this horror and yet Joe Biden is travelling around the country pretending he's an economic genius... he's actually an economic arsonist," Trump went on. Biden and his supporters have heavily touted the alleged successes of "Bidenomics" in recent months.

"The fact is we're probably heading into a great depression, something I've never said before publicly," he declared. "It's a hell of a statement to make and I hate to make it. The only question is whether or not it'll be during the remaining months of the Biden administration."

"If it's gonna happen let it happen then. Let it be during Joe and then we'll come in and we'll straighten this sucker out," he went on. "I don't want to be the next Herbert Hoover... I won't let that happen. I will never let that happen."

Ben Whedon is an editor and reporter for Just the News. Follow him on X, the social media platform formerly known as Twitter.

The Facts Inside Our Reporter's Notebook

Links

Unlock unlimited access

  • No Ads Within Stories
  • No Autoplay Videos
  • VIP access to exclusive Just the News newsmaker events hosted by John Solomon and his team.
  • Support the investigative reporting and honest news presentation you've come to enjoy from Just the News.
  • Just the News Spotlight

    Support Just the News