President Joe Biden used Donald Trump's recent interview with Lou Dobbs to tout his economic successes after the previous president's defeat in the 2020 election.
“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,” Trump told Dobbs. “It’s just running off the fumes.”
Trump has spent the better part of his time post-presidency pretending that his mistakes of 2020 never happened. He brags about a record stock market, high job numbers, and low inflation, but all of the gains he takes credit for were lost in 2020.
“And when there’s a crash — I hope it’s going to be during these next 12 months because I don’t want to be Herbert Hoover. The one president I just don’t want to be, Herbert Hoover," Trump continued.
Republicans have spent the better part of the Biden presidency claiming that the sky was going to fall any moment, even though unemployment has remained low and inflation has fallen significantly since its peak in 2022. Trump, in particular, warned in his interview that the economy was going to crash.
Biden used the Hoover line to point out that there were only two presidents in America's history who had fewer jobs when they left than when they were inaugurated: They're Herbert Hoover and Donald Trump.
Biden pointed out that Trump hoping for a crash means he inadvertently acknowledged that the Biden economy is doing "pretty darn well."
