Trump says he WANT the economy to crash in the next 12 months to hurt Biden’s election chances

Former President Donald Trump has said he hopes the economy will collapse within the next 12 months to boost his chances in November’s presidential election — and that undecided voters may turn against Biden and vote for him instead.

In a conversation with former Fox Business host Lou Dobbs, Trump was candid about his wishes for a substantial economic downturn to hurt Biden’s re-election bid.

Dobbs, already known for his pro-Trump comments, frowned upon the 45th president as he portrayed him as the man who turned the Republican Party into “the party of the working man and woman of this country – the American family.”

Dobbs asked Trump what measures he could introduce to help those struggling with the current state of the economy.

Currently, inflation stands at 3.1 percent for the twelve months leading up to November 2023. The latest figures will be released on Thursday.

During Biden’s three years in power, the three-year inflation rate is 17.2 percent – ​​or an average of 5.9 percent per year.

Under Trump, inflation averaged 1.9 percent for each year of his presidency — or 7.6 percent over the course of the four-year term.

As for what Trump could do to reduce inflation when he returns to the White House in 2025, he suggested the answer lay in domestic energy supplies.

“So what we’re going to do is we’re going to drill, we’re going to reduce energy, that’s going to bring down inflation, that’s going to bring down interest rates,” Trump said, referring to the Keystone XL Pipeline, a proposed pipeline between Alberta, Canada. and Nebraska.

Trump supported the pipeline during his time in office, but President Joe Biden did not and revoked the permit.

While acknowledging the current fragile economic situation, Trump credited what was still working well to the performance of his previous administration.

“We have an economy that is incredible. We have an economy that is so fragile. And the only reason it’s running now is because it vents the fumes of what we did – what the Trump administration did. It just flows out of the fumes.

“And if there is a crash, I hope it happens in the next twelve months, because I don’t want to be Herbert Hoover. The only president, I just don’t want to be Herbert Hoover.”

Hoover, the 31st president of the United States, took office just before the outbreak of the Great Depression in 1929. His presidency is often associated with the economic challenges and hardships of the period.

The Great Depression was caused by the stock market crash that same year. The economic downturn led to widespread unemployment, bank failures and a severe decline in industrial production.

Towards the end of 2023, a new poll highlighted the steep economic cliff facing President Joe Biden’s reelection campaign.

Only 14 percent of voters think his policies have made them better off, according to the survey published in November.

And overall, nearly 70 percent said Biden’s economic policies had hurt the U.S. economy or had no impact, including 33 percent who said they believed the president’s policies had “hurt the economy a lot.”

The results come as a series of polls show the president losing to former President Donald Trump, his likely Republican challenger, in key battlegrounds that could decide the 2024 election.

The Biden campaign, in turn, points out that the only thing that matters is what voters do in the voting booth.

Biden administration officials believe they have good news to share about the economy after bringing inflation back from post-pandemic highs of more than nine percent.

The president himself has often delved into “Bidenomics” — his effort to revive the nation’s industrial sector and create good-paying jobs.

“When Donald Trump looks at America, he sees a failing nation,” Biden recently said on the subject. “When I look at America, I see the strongest economy in the world… leading the world again, the ability to set the world’s standards.”

In another poll for the Financial times and the University of Michigan’s Ross School of Business suggests that most voters are closer to Trump than Biden in their analysis.

Democratic strategists Global Strategy Group and Republican polling firm North Star Opinion Research surveyed 1,004 registered voters across the country.

Only 26 percent said Biden’s policies had helped.

When asked what caused them the most financial stress, about 82 percent of respondents said price increases.

“Every group – Democrats, Republicans and independents – calls rising prices by far the biggest economic threat. . . and the biggest source of financial stress,” said Erik Gordon, a professor at the Ross School in Michigan.

“That’s bad news for Biden, especially considering how little he can do to reverse the perception of prices before Election Day.”

The Biden campaign has dismissed the dismal polling as nothing more than “noise” and pointed to similar negative headlines a year before Barak Obama was re-elected president in 2012.