At the presidential debate on Thursday, President Biden spoke about the tax policy under former President Donald Trump.
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NewsTranscript
00:00Thank you, President Trump.
00:02We have the greatest economy in the history of our country.
00:06We have never done so well.
00:09Everybody was amazed by it.
00:11Other countries were copying us.
00:12We got hit with COVID.
00:15And when we did, we spent the money necessary so we wouldn't end up in a Great Depression,
00:19the likes of which we had in 1929 by the time we finished.
00:23So we did a great job.
00:24We got a lot of credit for the economy, a lot of credit for the military and no wars
00:28and so many other things.
00:30Everything was rocking good.
00:31But the thing we never got the credit for, and we should have, is getting us out of that
00:35COVID mess.
00:37He created mandates.
00:38That was a disaster for our country.
00:40But other than that, we had given them back a country where the stock market actually
00:46was higher than pre-COVID, and nobody thought that was even possible.
00:50The only jobs he created are for illegal immigrants and bounce-back jobs, a bounce-back from the
00:55COVID.
00:56He has not done a good job.
00:57He's done a poor job.
00:58And inflation is killing our country.
01:00It is absolutely killing us.
01:02Thank you.
01:03President Biden?
01:04Well, look, the greatest economy in the world.
01:05He's the only one who thinks that, I think.
01:06I don't know anybody else who thinks he had the greatest economy in the world.
01:11And, you know, the fact of the matter is that we found ourselves in a situation where his
01:17economy, he rewarded the wealthy.
01:20He had the largest tax cut in American history, $2 trillion.
01:23He raised the deficit larger than any president has in any one term.
01:28He's the only president other than Herbert Hoover who has lost more jobs than he had
01:31when he began, since Herbert Hoover.
01:33The idea that he did something that was significant in the military, you know, when he was president,
01:39they were still killing people in Afghanistan.
01:41He didn't do anything about that.
01:43When he was president, we were still finding ourselves in a position where you had a notion
01:47that we were this safe country.
01:50The truth is I'm the only president this century that doesn't have any, this decade, that done
01:57any troops dying anywhere in the world like he did.