The markets crashed in March at the onset of the coronavirus pandemic. And while they’ve since recovered, millions of Americans remain without work and the gross domestic product plunged by a historic 32.9% for the second quarter, the worst such number on record.
Biden tweeted a new video saying the Trump administration’s poor response to the pandemic is responsible for the deflated economy.
And he took a dig at the president’s personal history with money in the process:
Biden has made the economy a focus of his own campaign with his “Build Back Better” recovery plan.
And he’s dismissed Trump’s claims that the pandemic alone is responsible for the downturn.
“The depth of economic devastation our nation is experiencing is not an act of God, it’s a failure of presidential leadership,” Biden said in a statement last week. “Had President Trump taken immediate and decisive action, tens of thousands of lives and millions of jobs would never have been lost.”
Trump’s economic record also came under fire on MSNBC earlier this week, when campaign adviser Steve Cortes boasted that Trump had built “the greatest economy in American history.”
But host Ari Melber said the president’s claims of success were weak even before the coronavirus hit, noting that 11 million new jobs were created during the Obama administration, compared with 6.7 million under Trump prior to the pandemic.
Early in the pandemic, the economy was one area where Trump consistently scored ahead of Biden in the polls.
More recently, however, the two are running even on the issue.