MSNBC on Thursday discussed President Joe Biden’s struggling reelection campaign and the impact new economic data has had on the likely 2024 rematch between him and former President Donald Trump. Anchor Chris Jansing introduced the panel discussion by noting that Trump predicted economic disaster, even a stock market crash, if Biden remains in office – just hours after the stock market hit an all-time high on Wednesday.
“Despite encouraging economic news, the Biden reelection campaign continues to fight an uphill battle against voter discontent, a point Donald Trump continues to hammer relentlessly on the campaign trail,” Jansing began before playing a clip from Trump speaking in Iowa:
The Biden administration is running on the fumes of the great success of the Trump administration. Without us this thing would have crashed to levels never seen before. And if we’re not elected, we’ll have a depression, the likes of which I don’t believe anybody has ever seen. Maybe 1929. That’s what’s going to happen.
“But here’s the thing. Trump delivered those words only a few hours after the Dow hit an all-time high yesterday, which The Washington Post says reflects new optimism that the economy is slowing just enough to bring down inflation without triggering a recession. Something more than a few experts had predicted wouldn’t happen. The Wall Street Journal puts it this way, ‘It’s beginning to look a lot like Christmas,
Jansing eventually turned the conversation to NBC correspondent Vaughn Hillyard in Iowa and asked, “Is there any nervousness you’re hearing that a stronger economy will indeed, eventually be good news for Joe Biden?”
“I think this is where Donald Trump often lacks the nuance in terms of his messaging and the complexities of most things he talks about the economy, chief among them. And over the last 24 hours, I’ve had conversations with dozens of Iowans.
And what we consistently hear is frustration with higher grocery prices, higher gas prices, higher mortgage rates, all which ultimately has a major impact on the day-to-day ability to make simple payments, as well as having extra cash on hand, especially at times like the holiday season, Hillyard replied, adding:
And Donald Trump, what you heard last night, was hitting home that very message. He was running with the theme of Better Off with Trump, which of course we should note, in 2019 and 2020, Donald Trump was making many of the similar predictions that you heard here just last night when he was predicting that a Great Depression, if Joe Biden is reelected again, will Back in 2019 and 2020, he was predicting that the stock market would crash if Joe Biden were to win the presidency. Of course, from the last 24 hours, there is evidence that that is not the case, despite now
Joe Biden being office for three years. But for Donald Trump, here he is playing very much to the grievances and the concerns of a great mass of the American electorate.And for Joe Biden to hail a 3.7 unemployment rate, a strong stock market, there are other economic factors and variables that the great share of Americans do not see the successes of. And Donald Trump, he is running for president of the United States. We should expect him to continue to lack so much of that nuance as he seeks the White House again.
Watch the full clip above via MSNBC.