The presumptive Democratic nominee Joe Biden has blamed President Donald Trump for failing to prepare for the CCP Virus (coronavirus) pandemic, saying his policies have led to a virus “economic disaster.”
In a speech broadcast on news channel Now This, Biden called the April job report a disaster after it showed a huge number of lost jobs last month and an unemployment rate at the highest it has been since the Great Depression.
“It’s an economic disaster, worse than any we’ve seen in decades, and it’s all made worse because it didn’t have to be this way,” Biden said.
“Donald Trump utterly failed to prepare us for this pandemic and delayed in taking the necessary steps to safeguard our nation against the near worst-case economic scenario we are now living,” he continued.
“COVID-19 caused massive economic challenges, but this crisis hit harder and will last longer because Donald Trump spent the last three years undermining the core pillars of our economic strength.”
Biden said, “Many small businesses closed because of stay-at-home orders, but a lot of them won’t open again because they don’t have a cushion due to three years of Trump’s policies that rewarded the biggest companies.”
The former vice president also argued that President Trump has spent three years tilting the playing field in favor of the wealthy instead of the middle class.
Biden said that the president only values the state of the stock market as a “main measure of economic progress” while Americans have had to work harder than ever to pay their bills.
“He irresponsibly downplayed … the virus to protect the Dow Jones average, a choice that has so far cost tens of thousands of American lives and millions of jobs,” Biden said of President Trump.
Biden delivered his speech after the Bureau of Labor Statistics announced on Friday that the U.S. economy lost 20.5 million jobs in April and the unemployment rate surged to 14.7% as the CCP Virus pandemic forced businesses to slash workers they could no longer afford to pay amid the widespread lockdowns in the country.
Before the virus outbreak hit the U.S. economy, the Trump administration had created nearly 7 million jobs since his election, including more than 500,000 manufacturing jobs, and the unemployment rate reached its lowest level in half a century.
Data from the Congressional Budget Office showed that nearly 2.5 million Americans have been lifted out of poverty under the Trump administration, while real household wealth has increased nearly $12 trillion since the start of 2017.
However, in his speech on Friday, Biden claimed that President Trump has “run the same playbook hollowing out our economy … the rich get richer, powerful get more power and everyone else is told they have to work harder.”