President Donald Trump slammed the economic policies of Joe Biden, characterizing “Bidenomics” as “inflation, taxation, submission, and failure.”
The 45th president highlighted his administration’s achievements and how they contrasted with the current Biden administration.
“One of the most important issues in this campaign will be who can rescue our country from the burning records of Bidenomics, which shall henceforth be defined as inflation, taxation, submission, and failure,” Trump said in a video posted to Rumble on Wednesday.
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Biden has been celebrating the one-year anniversary of the Inflation Reduction Act as if it was some sort of milestone.
While the Democrats claimed the economy’s uptick in the second quarter was due to creating clean energy jobs, Trump said this was not the case.
“On day one, the Biden economic bust will be replaced with the historic Trump economic boom,” Trump said.
“Any numbers you see that are economically positive in the Biden administration are because they’re running on the fumes of what we created years prior to their taking office.”
Trump drew comparisons between his administration’s economic performance and Biden’s, pointing out that gas prices, mortgage rates, and inflation were all more favorable under his watch.
“Under Biden, real incomes have gone down by $7,400 per family,” Trump said.
“Under President Trump, yearly income went up by more than $6,000.”
Trump also noted that while the Biden administration created 2.1 million new jobs in the first 30 months, his administration had outperformed with 4.9 million new jobs within the same time frame.
Trump also reiterated his perspective on “Bidenomics” during an appearance at the Silver Elephant Gala at the South Carolina State Fairgrounds.
“We will end Biden economics and the disastrous Biden era — the most incompetent president we’ve ever had will soon be over,” Trump concluded.
“We will do it quickly, we will do it effectively, and we will make America great again.”
READ: Ted Cruz: If Joe Biden Is Guilty of Taking Bribes, ‘He Should Go to Prison’
