Only time will tell if Donald Trump was right about Joe Biden, but there are certainly some signs that point to yes. For example, Trump said that the market would crash if Biden were elected and, sure enough, the market has taken a nosedive. In addition, Trump predicted that gas prices would rise under a Biden administration, and, sure enough, gas prices have reached an all-time high.
It’s been a rough year for the economy. The stock market tanked, leaving many Americans feeling the pain. For some, it’s been a financial disaster. They’ve lost their life savings and retirement funds. They struggle to keep up with their mortgage payments and credit card debt. They’re cutting back on spending, and some even go without health insurance. But it’s not just the financial pain that Americans are feeling. The uncertainty is taking its toll as well. Will the economy recover? Will things ever get back to normal?
While Biden has only been in office for a year and a half, we already see the effects of his policies on gas prices. In some parts of the country, gas is now as high as 7 or 8 dollars a gallon. This is a sharp increase from the prices we saw just a few months ago, and it is likely to continue to rise. Trump was right when he said that gas prices would skyrocket under Biden. This is just one more way that Biden’s policies are hurting the American people. We can only hope that he will reconsider his stance on energy production. This would help to bring down prices and make us less dependent on other countries for our energy needs.
It’s no secret that the US economy has been struggling over the past year. American businesses have been hit hard and may not want to admit we are in a possible recession. Some workers have been forced to take pay cuts or even lose their jobs due to the economic slowdown. The situation has only gotten worse in recent months, as the coronavirus pandemic has caused widespread shortages of essential items like food and medical supplies. Against this backdrop, President Trump’s claim that Joe Biden would bring about depression is starting to ring true. However, it’s important to remember that the US may only hit a recession, and things may not be as bad as predicted.
So while Trump’s rhetoric may be extream, it’s not entirely without foundation. Americans should be prepared for tough times ahead.
It seems like Trump was on to something when he warned about the potential consequences of a Biden presidency. Whether or not his predictions will ultimately prove to be correct remains to be seen, but there’s no denying that Trump had some insight into how a Biden presidency would impact the economy.
