In a scathing critique of President Donald Trump’s business acumen, Democratic presidential nominee Joe Biden took aim at Trump’s track record of bankruptcies during a campaign event in Pennsylvania.
“He even went bankrupt running a casino – I didn’t think that was possible,” Biden quipped, drawing laughter from the crowd. The former vice president’s comments highlight a long-standing criticism of Trump’s business practices, particularly his multiple bankruptcies in the casino industry.
Trump’s history of bankruptcies dates back to the 1990s, when his Atlantic City casinos filed for Chapter 11 bankruptcy protection multiple times. Despite his reputation as a successful businessman, Trump’s casinos struggled to turn a profit, eventually leading to their financial collapse.
Biden’s remarks come at a time when the economy is a major focus of the presidential campaign. Trump has long touted his business acumen as a key qualification for office, but his critics argue that his history of bankruptcies and failed business ventures undermine that claim.
The Biden campaign has sought to paint Trump as a failed businessman who is unfit to lead the country’s economic recovery. During the campaign event, Biden highlighted his own experience managing the economic recovery after the 2008 financial crisis, contrasting it with Trump’s record of financial mismanagement.
“I know how to build an economy that works for working families because I’ve done it before,” Biden said. “Unlike my opponent, I didn’t inherit my wealth – I earned it the old-fashioned way, through hard work and determination.”
The Trump campaign has pushed back against Biden’s criticism, arguing that Trump’s business background gives him the expertise needed to revive the economy after the COVID-19 pandemic. Trump’s supporters point to his record of job creation and economic growth before the pandemic as evidence of his success as a businessman.
As the election draws closer, voters will have to weigh Trump’s business record against Biden’s promises of economic recovery. Both candidates have pledged to rebuild the economy and create jobs, but their approaches differ significantly. Biden’s attack on Trump’s bankruptcies is just the latest salvo in what promises to be a contentious battle over the future of the country’s economy.
