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Trump claims Biden win will cause depression, ‘biggest headwind’ to economy
Trump on 2020 election: ‘Biggest single headwind’ to economy is Biden winning
‘You’re going to have a depression,’ says President Trump discusses what a Joe Biden victory in November will mean for the U.S. economy
A Biden win is a disaster for the economy, President Trump told Fox News' “Hannity” on Thursday.
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Not only would a Joe Biden presidency get rid of the Second Amendment and raise taxes, the president said, but it would also cause an economic depression.
“You could forget about the Second Amendment if we lose this election,” he said. “And your taxes will be doubled, tripled and quadrupled. Your jobs will be gone. I mean, you’re going to have a depression, if that happens… The biggest single headwind [to the stock market] is if he got in.”
Despite those statements, Biden has not announced plans to change the Second Amendment. The Democratic nominee does favor rolling back the Trump tax cuts, which primarily benefited the wealthy and large corporations.
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