During his third On a trip to Iowa this month, Donald Trump warned that if he were not elected president in 2024, the US would see its economy plunge into a “1929”-era depression. His words came as the Dow Jones Industrial Average reached a record Wednesday.
Trump, who accomplished the feat of becoming the first president since Herbert Hoover during the Great Depression to leave the country with fewer jobs until the end of his presidential term, he stated that the “Biden administration is running at the mercy of the great success of the Trump administration”. He added, addressing his supporters: “Without us, this thing would have fallen to levels never seen before, and if we are not elected, we will have a depression the likes of which I believe no one has ever seen…maybe 1929?”
Although Trump's economic legacy has been hotly debated, under his administration the unemployment rate rose to 14.7% in April 2021, and by the time he left office the following January the rate had already recoiled to 6.3 percent. Many economists pointed to the former president's disastrous leadership during the COVID-10 pandemic as having exacerbated the country's economic crisis at the time.
According to data released in early December by the Department of Labor, under the Biden administration, the US economy added 199,000 jobs in November, and the unemployment rate fell to 3.7 percent.
Despite signs that the US economy is getting stronger, Trump invested in the president and in charge supporters on Wednesday while naming “one thing” that has improved under Biden’s leadership (to which we asked, how long do you have?) Trump also urged state residents to vote in the upcoming election, saying, “We are leading by a lot, but you have to get out and vote. That margin of victory is so, so powerful.”
During the former president's first visit to Iowa, Trump declared he would attack blue states if Jesus himself “came down.” On his second return, he avoided questions about whether he would abuse power if he were re-elected president. When asked if he would demand retribution, he chose to say that he would make an exception “for the first day”.