'This Is Biden's Economy': President Trump Continue To Blame Previous Admin For Bad Economy Numbers

At an event at the White House on Wednesday, President Trump spoke about the economy.

Transcript

00:00100 days ago this week we inherited the wreckage of four years of economic

00:05disaster under the previous administration. It was an economic

00:09disaster. It was a disaster at the border like nobody had ever seen before and you

00:15probably see we've closed up the border 99.999% meaning three people got in,

00:21three. As opposed to hundreds of thousands of people coming in on a

00:32monthly basis, millions of people actually, the periods where we had

00:35millions and millions of people pouring in on a monthly basis, we had three

00:39people. They buried companies in crippling regulations, wage war on

00:45American energy, pushed massive tax hikes and gave us the worst inflation in the

00:50history of our country. In Biden's final year the United States had the worst

00:55trade deficit ever recorded and we lost 106,000 manufacturing jobs. Other than

01:01that he's done a fantastic job. But now all that is changing and all that's

01:06changing very fast because we finally have the president who wants to put our

01:12country first. You have a president who believes in America first. In the first

01:17quarter GDP numbers just out today. Core GDP now we're removing distortions from

01:24imports, inventories and government spending was up plus three percent. But

01:30this is Biden's economy because we took over on January 20th and I think you have

01:36to get us a little bit of time to get moving but this is the Biden economy. But

01:42we still had a and we've had a lot of things happen since November 5th that

01:47helped this economy because it was indicating a strong private sector growth

01:52and it was only it only started after November 5th. The private sector started

01:58really heating up after the election even though I wasn't there people knew what

02:02we were going to be doing and the private sector growth was actually very good.

02:06Very importantly gross domestic investment was up an incredible 22% which they had

02:11never seen before. Every new investment every new factory and every new job created

02:16is a sign of strength in American economy and a declaration of confidence in

02:22America's future. We really do we've never seen anything like this even Samsung

02:27which whose name isn't mentioned here but I heard that they announced this

02:31morning that they're going to be building a very big plant because they want to be

02:36able to beat the tariffs. It's still nowhere to beat them. The entire Trump

02:41economic agenda is about making it easier to do business in America to create jobs

02:46in America to hire American workers and to build your factories here in America

02:50not in China or any other country. And we're dealing with many many countries

02:56right now I will say and I think I can say for Scott and for Howard and for some of

03:03the people that are dealing there are too many to handle I mean to be honest with

03:08you I'd have to hire about I'd love to hire some of the people running these

03:12companies boy would you do would you do a good job they could have Jensen

03:16negotiate he'd blow my people away wouldn't you I think even Howard even Howard

03:21would say that Howard would say he will take him he'd blow him away with big

03:25deals one one deal would be the end that would be it