Trump suggested that President Joe Biden's policies could lead to an economic depression rivaling the Great Depression of 1929 to 1939.
"Real wages are collapsing and we're on the verge of a devastating—and this is devastating—it's called stagflation look it up. It's not good, it's not good," said Trump."What I'm concerned about, they keep talking about having some reversals, I don't want people mentioning the word 'depression.' Because where we're going now could be a very bad place.
"We've got get this act in order, we have to get this country going, or we're going to have a serious problem," he continued."Not recession. Recession's a nice word. We're gonna have a much bigger problem than recession. We'll have a depression. You know, in 1929 they had this thing called the Depression, you know that right? You wish, they wish, they could have had a recession only.
While few, if any, economists are currently predicting economic turmoil on the level of the Great Depression, many have recently concluded that a recession may be inevitable due to the high inflation rate. Stagflation is thought to beLarry Summers, a Democrat who served as the top economic adviser to former President
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