President Joe Biden delivered a speech in North Carolina on Thursday, taking a direct aim at his predecessor, Donald Trump. Accusing Trump of unfoundedly branding America a “failed nation” and expressing a desire for a stock market crash to enhance his chances of a White House return, Biden’s remarks underscored the ongoing political tension between the two leaders and their differing perspectives on the nation’s economic trajectory.
Addressing Trump’s derogatory remarks about the United States, Biden quipped during his speech, “My predecessor likes to say America is a failing nation. In my faith, ‘Bless me, Father, for he has sinned,'” using religious imagery and drawing laughter from the audience.
Dismissing Trump’s characterization of America as a “failing nation,” Biden expressed disbelief, stating, “I mean, come on. Failing nation?”
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Biden then shifted focus to Trump’s purported desire for a stock market crash, allegedly hoping it would benefit him politically. “And by the way, did you hear he wants to see the stock market crash?” Biden questioned, emphasizing that Trump’s willingness to root for a market downturn implies acknowledgment of the current economic strength.
“We’re doing well, he’s acknowledging that, we’re doing pretty damn well economically and getting better,” Biden asserted.
Turning to Trump’s comparison to Herbert Hoover, Biden scoffed, retorting, “He’s already Hoover,” and criticized Trump as the only president to lose jobs during a four-year term.
Addressing economic matters further, Biden touched on tax policy, referencing Trump’s tax cuts for the wealthiest individuals. He voiced concern about the tax rates paid by the country’s top earners, stating that the 1,000 billionaires in the United States pay an average tax rate of just 8.5%, aligning with Biden’s broader push for tax reforms addressing income inequality.
North Carolina’s Democratic Governor, Roy Cooper, introducing Biden at the event, echoed the president’s sentiments. “I want a president who wakes up every morning thinking about the American people instead of a president who wakes up every morning thinking about himself,” Governor Cooper proclaimed.
Biden’s address in North Carolina served as a platform not only to highlight his administration’s $3 billion investments in high-speed internet access for the state but also to directly confront and criticize his predecessor’s views on the nation’s economic standing.
