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‘It Is A Trump Economy’: Hakeem Jeffries Blasts Trump For Blaming Biden Over ‘Failed’ Economy
Forbes Breaking News
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4/30/2025
During a Congressional Democratic press briefing on Wednesday, House Minority Leader Hakeem Jeffries (D-NY) slammed President Trump for blaming former President Biden for the country’s economic troubles.
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00:00
The great Hakeem Jeffries.
00:05
Thank you so much, an honor and a privilege to stand here with you, Leader Schumer.
00:08
Thank you for your leadership and an honor and a privilege to stand here with House Democrats and Senate Democrats,
00:15
shoulder to shoulder in defense of the American people.
00:20
Donald Trump's first 100 days in office have been a disaster.
00:25
Donald Trump and Congressional Republicans are crashing the economy in real time,
00:33
raising costs on hardworking American taxpayers and driving us toward a painful recession.
00:44
This is not Joe Biden's economy, Donald.
00:49
It is your economy.
00:51
It is the Trump economy.
00:53
It is a failed economy, and the American people know it.
01:00
Council Democrats and Senate Democrats standing shoulder to shoulder are committed to building an economy
01:08
that actually is affordable and makes life better for everyday Americans.
01:15
We want to build an economy that lowers housing costs, lowers child care costs, lowers health care costs,
01:24
lowers grocery costs, and lowers utility costs.
01:29
We recognize that far too many people in this country are struggling to live paycheck to paycheck.
01:37
That should not be the case in the wealthiest country in the history of the world.
01:43
It's time to build an affordable economy, and it's time to build it now.
01:51
Donald Trump and Congressional Republicans have failed in this task,
01:55
and they're not equipped to do it because they're focused on enacting massive tax cuts for their billionaire donors like Elon Musk,
02:05
and they want everyday Americans to pay for it.
02:10
We are going to continue to stand up to protect Social Security and Medicare.
02:15
These aren't entitlement programs.
02:20
They are earned benefits.
02:22
The American people have paid into those benefits, worked hard for those benefits, earned those benefits.
02:29
They are earned benefits.
02:31
And let me be clear with our Republican colleagues and Donald Trump.
02:34
Social Security is not a Ponzi scheme.
02:37
Project 2025 is a Ponzi scheme.
02:39
We are going to stand up in defense of the health care of the American people.
02:50
It is outrageous that Donald Trump and Congressional Republicans are trying to enact the largest cut to Medicaid in American history.
03:02
They will hurt families, hurt children, hurt seniors, hurt women, hurt veterans,
03:08
and hurt disabled Americans.
03:11
Hospitals will close.
03:12
Nursing homes will shut down.
03:16
And people will die.
03:19
This budget that Republicans are trying to jam down the throat to the American people
03:23
at the direction of Donald Trump is unconscionable, unacceptable, and un-American.
03:31
And Senate Democrats and House Democrats are going to do everything possible
03:35
to stop this reckless budget in its tracks and bury it in the ground, never to rise again.
03:46
Lastly, we have a message for our Republican colleagues.
03:55
The House and the Senate are separate and co-equal branches of government.
04:00
We don't work for Donald Trump.
04:04
We don't work for Elon Musk.
04:06
We don't work for far-right extremists.
04:09
We work for the American people.
04:12
And it's time for you to start acting like it.
04:14
Or step out of the way.
04:17
So we can build the type of America that allows every single person in this great country to thrive.
04:27
It's now my great honor to yield.
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