Former President Donald J. Trump said in an interview on Monday that he believed the economy would crash — and that he hoped it would happen in the next year so the blame would fall on President Biden’s administration.
“We have an economy that’s so fragile, and the only reason it’s running now is it’s running off the fumes of what we did,” Mr. Trump told the conservative commentator Lou Dobbs in an interview broadcast Monday evening on the MyPillow founder Mike Lindell’s platform. “It’s just running off the fumes. And when there’s a crash, I hope it’s going to be during this next 12 months, because I don’t want to be Herbert Hoover.”
President Hoover presided over the 1929 stock market crash that started the Great Depression.
Mr. Trump is hoping to capitalize on voters’ economic concerns, as a number of polls have shown that voters trust him and other Republicans more than they trust Mr. Biden to handle the economy. In the interview, he criticized Mr. Biden’s and congressional Democrats’ spending on infrastructure and renewable energy.
The Biden campaign has been frustrated by a disconnect between positive economic indicators — including strong G.D.P. growth, increasing jobs and higher wages — and negative public opinion. Many Americans are still struggling to get by, mortgage rates are high, and while inflation has fallen significantly from the peaks of 2022, those price increases still weigh heavily on voters’ minds.
Andrew Bates, a White House spokesman, condemned Mr. Trump’s comments hoping for a downturn and said the former president’s policies “would worsen inflation with tax giveaways to rich special interests.”
“A commander in chief’s duty is to always put the American people first, never to hope that hard-working families suffer economic pain for their own political benefit,” Mr. Bates said. “Republican officials should welcome the economic progress President Biden is delivering, instead of revealing twisted true colors that would shrink the American middle class in the name of their own cynical self-interests.”
Peter Baker contributed reporting.
Source: Elections - nytimes.com
