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Trump Falsely Claims Biden Has Caused Economic Depression

Among the silly things said at the Trump–Noem 2024 rally in Rapid City Friday night was Donald Trump’s claim that President Joe Biden’s economic policies have driven the country into “a depression.”

This statement is false.

Forbes explains that, while we don’t have a technical definition of a depression, we recognize that a depression is a grave global economic collapse:

During a depression, the unemployment rate spikes into double-digits and demand for consumer goods collapses.

Companies usually slow production or shut down factories to compensate, and investment activity dries up. As a result, GDP and other measures of economic activity experience deep contractions. Recovery from a depression can take years or decades [Kat Tretina, “What Is Economic Depression?Forbes, 2022.08.09].

The United States has suffered exactly one depression in the last hundred years. The 1930s Great Depression is nothing like what is happening now in the United States economy. Unemployment is at the lowest single digits in 50 years. Consumer demand is easing back from post-pandemic summer splurging, but we are still buying lots of stuff.

And while South Dakota had a year-long recession due to chronic Republican poor performance, the national economy isn’t depressing or recessing; GDP is up nationwide thanks to Bidenomics. The sudden and sharp recession that accompanied the outbreak of coronavirus in spring 2020 could have turned into a widespread economic collapse (remember the fears that drove toilet-paper hoarding?), but robust government intervention in the free market (a.k.a. socialism) saved the global economy from a complete collapse.

St. Louis Federal Reserve, graph of GDP in billions of dollars, 1948 Q1–2023 Q2, retrieved 2023.09.10.
No depression here: since spring 2020, GDP has gone up, up, up. St. Louis Federal Reserve, graph of GDP in billions of dollars, 1948 Q1–2023 Q2, retrieved 2023.09.10.

And while the annual rate of GDP increase has cooled off from the wild rebound that hit immediately after massive socialist intervention in the economy in 2020, the rates of GDP growth under President Biden have been higher than they were at any time under Trump or Obama and have matched or beat GDP growth under GW Bush and Clinton.

St. Louis Federal Reserve, year-to-year percentage change in GDP, 1948 Q1–2023 Q2, retrieved 2023.09.10.
St. Louis Federal Reserve, year-to-year percentage change in GDP, 1948 Q1–2023 Q2, retrieved 2023.09.10.

In other words, most participants in the Biden economy have never had it so good.

The current economy has problems, but languishing in depression is not one of them. President Joe Biden has not caused a depression. If anything, President Biden is strengthening the economy to better resist recessionary pressures. Claiming the contrary is as incorrect as claiming that Donald Trump is the only person we can trust to fix America’s problems or that Kristi Noem would be a cool and fantastic VP.

45 Comments

  1. cibvet 2023-09-10

    The people who visit Trump will believe we are in a depression because they are broke from sending money to this con man.
    I guess fools never learn.

  2. jerry 2023-09-10

    A room full of cultist traitors hearing the lies they paid their money to hear.

  3. All Mammal 2023-09-10

    My favorite part of Dolt 45’s episode of the verbal trots on Friday was when he kept complaining to the cameraman for not showing the huge crowd. Old Wack Donald would not get off it. He demanded the cameraman over and over to turn the camera towards the massive crowd and pan out to show the media how many people there were.

    The whole time we watched on live internet tv, we were impelling the good man to hold steady, which to our amusement, he did. Bone Spurs was so pissed. The cameraman’s refusal to comply to the orange shart stain’s behest was the only thing that helped get us through the miserable flop of a rally.

    Also, what sane person can willingly endure long hours in an arena with the soundtrack to Phantom of the Opera blaring loudly in order to listen to a carrot cakeboy piss and moan late into the night? Nobody wants to see how delusional South Dakotans are.

  4. Mike Zitterich 2023-09-10

    As the Democrats focus on beating Donald Trump in the 2024 Presidential Election, they have spoken out on many ways of keeping him off the ballot, out of fear that he has the 270 electors required to beat their man, Joe Biden.

    In doing so, they are committed to interfering in the federal election by continuing to keep their so-called indictments, and trials against Trump, in their quest to present a picture that Donald Trump is a southern sympathizer to Save the Republic.

    Knowing that it takes a clear 270 Electoral Votes to win the presidency, and as we learned during the 2020 Presidential Election that if manipulate the absentee ballots, let alone the so called mail ballots where a persons does not have to validate their name, or residency status, the Democrats have found a new way to win elections by means of interference in elections.

    As in 2020, knowing that if you cause mass confusion in six states, where there is no clear right of choice candidate, you can restrict, and keep one candidate, of whom seemingly has the proper pledged electors to clear the 270 hurdle from winning.

    Fast forward, in 2023, you seemingly have this huge split in the Republican Party between America First, conservative electors, and the NEO-Liberalized leftwing faction of the party itself, where the electors seem to be split evenly, so much so, that the Democrats, by interference, simply need to paint Donald Trump as a so called “villain” or some form of insurrectionist.

    If you think this is all new, you are wrong, in fact, this same exact thing happened before, during the 1872 Presidential Election.

    During the 1872 Election, you had this same split in the Republican Party between Liberal-Radical Republicans vs Conservative, America First Candidates – enter the case of Horace Greeley, a liberal, Pro-south candidate, constitutionalist.

    In his quest for re-election, Ulysses Grant won the popular vote with 3,500,000 votes, while Horace Greeley now running as a Democratic Candidate in order to promote, and reserve a strong negotiated process of reconstructing the union winning 2,850,000 popular votes for president – it is fact, that even in the Republican Party, 66 Pledged Electors were in support of Greeley, this meant, Grant would not have received the necessary electors to win the presidency on the first ballot.

    In fact, Grant would have only had 220 electors, while Horace Greeley would have had a total of 146 pledged electors.

    Knowing how the Electoral College works, cause of the major split in the Republican Party, the Democrats chose to nominate, and choose Greeley as their own candidate, which posed the Republicans worst fear, two Republicans in competition with each other, of which allowed them to grab republican electors, a candidate that more favorably, some form of conservative approach to reconstructing America back together, while making concessions, to allow the South to steadily win back support themselves.

    While Grant won the popular vote, the party was split, giving way to many of the electors to support Greeley as a Democrat.

    This sets up a specific clause in the 12th Amendment, which allows for the U.S House to take the top three candidates receiving votes, and allowing the States, through their representation, to cast 1 vote each to choose the President, while the U.S Senate chooses the Vice President

    Knowing, that in 1872, you had 14 Confederate States, and 18 Northern States, for a total of 32 presidential votes, and knowing that Greeley was more favorable to giving the Southern States a clear, representative in reconstruction, and the fact, that only 2/3 of the States are necessary to choose the president, the Democrats in 1872, only needed 11 of the 10 States to win.

    IF this process had played out on December 15, 1872, who knows who wins the Presidential Election – knowing the pledged support that Horace Greeley had not only within the Republican Party, but the huge support he had from Democrats, he most likely wins the 1872 Presidential Election by grabbing all of the 14 Southern States, and many believed at least 4 of the Northern States, led by the more progressive, liberated States such as Minnesota, Michigan, Ohio, and Wisconsin.

    So, despite losing the popular vote, Greeley had enough support in the republican party to be supported by 66 electors.

    This result alone sets up Grant v Greeley in round two, where the States get one vote each, and a more favorable outcome for Democrats, who by luck, the split within the Republicans, chose a Republican to run versus Grant in the General Election.

    This split in the Republican Party, would have played out very strongly during the “Electoral Process” between November and December, setting up a real, hardcore challenge, at the National Convention itself.

    However, during this period, Horace Greeley, who had just lost his wife, who died 6 months prior, died himself prior to the Electoral College voting in December, and with that, Grant finally obtains the 286 electors needed to win a Second Term.

    DO NOT TRUST DEMOCRATS – they are trying to steal the ELECTION just a they did in 2020, and they will do the same in 2024 if we are not careful.

    ALL they need to do is manipulate, interfere in, and disqualify the TRUMP ELECTORS, so they can set up a process in the 12th Amendment to change the electors in favor of Biden, a bad, terribly bad president

    https://www.youtube.com/watch?v=RY6p9411G_Y&t=9s

  5. larry kurtz 2023-09-10

    Trump is toast.

    If you are a South Dakota conservative who can get on the general election ballot in 2024 and intends to run as an unaffiliated or third party candidate for the US House or for the legislature from your district I will support your efforts both with money and in print.

  6. larry kurtz 2023-09-10

    According to Rasmussen a majority of Republicans don’t want Herr Trump on the general election ballot so $20 says a representative of one of the other Republicans running for the nomination will sue SDSOS Monae Johnson to ban him from the ballot.

  7. Phil 2023-09-10

    Interesting political exposition. Also interesting is the US Grant comparison, considering his administration is widely considered one of the most corrupt in our history.

  8. Mike Zitterich 2023-09-10

    Strong conservatives are rallying behind the America First Movement to Save The Republic. The only means foe the DEMS to win is to cheat, which wr know they will do.

  9. larry kurtz 2023-09-10

    Trump is disqualified from holding office so any secretary of state who allows his name on the ballot is violating their oath of office.

  10. larry kurtz 2023-09-10

    The Malheur River Indian Reservation was created by President Ulysses Grant by executive order in 1871 for Paiutes living at Fort Harney until the Bannock War of 1878 dissolved the settlement. Harney County was split from Grant County in 1889 at the time of Statehood and Burns was named county seat. When it was admitted to the Union the Oregon Constitution even contained a clause forbidding Negroes from moving to the state.

  11. Mike Zitterich 2023-09-10

    No COURT had ruled Trump not qualified and its unconstitutional for states to keep people off a ballot. Larry is a useless troll from New Mexico, where they ban guns.

    Nice try Larry, you got to wait until Trump us President before you can Remove him. He’s not convicted of anything.

  12. e platypus onion 2023-09-10

    drumpf is a convicted rapist and he does not have to be convicted of sedition or aiding and abetting to be kept off any state ballot, troll!

    Zit throws out accusations against Dems which should land him in court for defamartion and slander, imho.

  13. jerry 2023-09-10

    The first movement is a bowel movement, same thing and just as stinky.

  14. larry kurtz 2023-09-10

    Zitterich is a homocidal and psychopathic racist prone to anarchy who worships an orange haired hobgoblin.

  15. Rick 2023-09-10

    Mike Zitterich
    2023-09-10 11:33
    “Strong conservatives are rallying behind the America First Movement to Save The Republic. The only means foe the DEMS to win is to cheat, which wr know they will do.”

    My father at the age of 17 in 1943 enlisted in the US Navy to “Save The Republic” from Imperialist Japan and an Austrian-born maniac who was the leader of the German Nazis. America First Movement and Donald Trump want to destroy the Republic and force us all to live according to its and his ideologies. No thank you. The millions of Americans who fought for their country during World War II are true patriots. AFM, Trump and anyone who supports their lunacy are not.

  16. e platypus onion 2023-09-10

    Coloradp’s attempt to keep drumpf off ballot was brought by 4 magats and 2 independent voters.

  17. Richard Schriever 2023-09-10

    Zitterich, all ballots are STATE ballots. There is NO Federal ballot. ALL the rules for getting ON a ballot are STATE rules. There are no federal rules – aside from the ONE that says that the rules are up to the states to decide – individually. In addition, all of the people suing to keep Trump off any state ballots so far are REPUBLICANS and INDEPENDENTS. No Democrats are involved. Your understanding of the rest of the issues you raise is equally as delusional and erroneous as is it on these two issues.

  18. larry kurtz 2023-09-10

    The Disqualification Clause isn’t a punishment — it’s simply another condition for holding office and South Dakota’s Republican US Senators agree.

  19. Richard Schriever 2023-09-10

    Pretty soon we’re gonna have to get an alternative dictionary to explain the alternative facts that Trump, Noem and the zit spew.

  20. Mike Zitterich 2023-09-10

    I will continue to go after the corrupt democrats for as long as I live, which I am 50, so I got 10 to 25 years yet to hold my ground. I will continue to go after them, i am tired if all their political over dramatized b.s. they are communist and want to destroy my country. Republicans even with their issues do not want to destroy my country. As a Anti Federalist, I will not stop until the Federal Govt is back in the full restraints of the 1789 constitution, where they are beneath the States, and where the states are beneath the People.

    I am NOT a racist, nor am I a troll, nor am I a bad insurrecrionsitm you want to take me to court foe comments are vs Democrats, go ahead, you have the burden of proof to price your claims. A court would laugh at you. Besides, no court would convict me if any slanderous comment as long as I keep the venue as a S.D COURT

    YOU Dems are goofy,. Not once have I threatened anyone. However I bet my candidate makes it to Nov 2024 first. It will sad, to see Biden fall from from good graces if the democrat party. They are Turning on the poor mam faster than I can say the word ****

    Biden like the Bush family is a war criminal

  21. larry kurtz 2023-09-10

    Get some mental health care, Zitterich.

  22. jerry 2023-09-10

    mikey z, fits the bill. Psychosis is a condition of the mind that results in difficulties determining what is real and what is not real. Symptoms may include delusions and hallucinations, among other features. Get help man.

  23. e platypus onion 2023-09-10

    ‘I will continue to go after the corrupt democrats for as long as I live’, Typical magat, accusations fly but you have no proof of corrupt Dems. You won’t live another 25 years with your phony kristian creds you will be called home soon, as only the good die young. What’s that? You can’t find your ticket home, either. No corrupt Dems. No ticket home. Not your day I guess. Bwahahahahahahahahahahaha!

  24. Jake Kammerer 2023-09-10

    Mike Z; you just uttered a mouthful, friend! “Republicans even with their issues do not want to destroy our country”!!! Yet they are, perhaps as you say ‘unknowingly or unwittingly’-but they are. Witness the outright lies of incalculable amount toward their opponents. Outrageous and dastardly lies that you and your ignorant followers of the pied piper from New York feed you like scrum to sharks in the
    ocean. And you, because of your fear of change to make America better, slurp up this scrum; attempt to make something worthwhile out of it
    and pass it in to thinking, observant individuals on this site hoping to fight ‘your’ ‘pied-piper’s battles for him. You and all of us know, that the only way he stays out of jail is to flee in his jet to Russia or hungry in the dark of nite or win the presidency and pardon himself and his cronies. You know this, don’t you?
    Kindly go back to your friends @ the War College blog where you ‘might’ have some influence, boy!

  25. e platypus onion 2023-09-10

    Zit, you need help and here it is a phone call away….

    The National Mental Health Hotline
    If you need to connect with a mental health specialist, call 1-866-903-3787 right now. A trained professional will take your call and assist you however she or he can. A world of resources is waiting for you. The hotline is available to all US residents and operates on a 24/7 basis.

    (Certainly not made possible by magats. Thank socialist Democrats)

  26. Donald Pay 2023-09-10

    Marat/Sade is a very interesting play. If the play is about anything, it’s about how people see things from vastly different perspectives. In our little play, Mike Z. reminds me of a mixture of two characters in the asylum, Marat and Sade. Of course, you need to know that most of the characters acting in the play-within-a-play are insane, with Sade being a nihilist and exhibiting individualist insanity and Marat having a more of a collectivist insanity resulting from the excesses of the French Revolution.

    Here on Dakota Free Press Mike Z. emits an interesting combination of the two His untethered and individualistic brand of insanity is that he imagines himself to be a part of a collectivist revanchist/irridentist movement to sweep away the modern world. Most people aren’t insane enough to want to live in Mike Z.’s delusions. Mike Z. and his imaginary band of insane comrades is headed for a crack up.

  27. grudznick 2023-09-10

    Mr. Zitterich, I was going to Sam something about Mr. Trump being right and Forbes and Mr. H being alt-leftist wrong. But then I saw your manifesto of sloppiness and forgot all about it.

    Tighten it up, Mr. Zitterich.

  28. cibvet 2023-09-10

    Mr Z man: “Facts are stubborn things; and whatever be our wishes, our inclinations, or dictates of passions, they cannot alter the state of facts and evidence.”
    John Adams, December 1770

  29. O 2023-09-10

    Jerry, I’d go a step further in saying that was a room full of people hearing the lies they paid to CREATE as well. Their funding keeps the Trump lie machine producing lies they want to hear; it is a closed loop..

    But Biden has a problem with getting credit — or even acknowledgment of — his successes. The only reason for this has to be the owner class is losing a bit of ground to the worker class, and that CANNOT be tolerated. People having a bit of real growth in wages finally, or a bit of money in savings, or unions having a bit of power are downplayed. Biden had democratized the economy (a bit) and that is not the success Wall Street wants.

    When Trump talks about the economy, he is not talking about the issues those on this blog, in SD, or on “main street” think matter; he is talking board room economics.

  30. Loti 2023-09-10

    When i read the newspapers regarding gnome promoting that ex president, it is unreal. I think she cannot actually believe Republicans would buy that false info on our president Biden?….i think they cannot be that dumb to believe her. Crazy SD. If he gets in, God help us.

  31. grudznick 2023-09-10

    The alt left had this all wrong.

  32. DaveFN 2023-09-10

    Mike Zitterich

    You acknowledge yourself as an anti-federalist.

    Help me understand your position “I will not stop until the Federal Govt is back in the full restraints of the 1789 constitution, where they are beneath the States, and where the states are beneath the People” with the original anti-federalist position as one of being against ratification of the constitution in the first place as described in the below link. Thank you.

    https://en.m.wikipedia.org/wiki/Anti-Federalist_Papers

  33. Mildred 2023-09-10

    oh! no! didn’t I read in some prior post that Mike Zitterich told everybody that he was finished with this blog and that he would never be heard from again😳 – was he lying? Oh, he couldn’t have been because he promotes himself as such an honest and trustworthy guy the same as his personal friend drumpf and our own NOem🤔!

  34. DaveFN 2023-09-10

    Mike Zitterich

    Your what I might term “free thinker” position of the primacy of the people seems to correlate well with many of the so-styled liberal progressive commentators here on on DFP who similarly regard themselves as free-thinkers judging from their comments.

    The Democrat-Republican division thus appear as superfluous as it is superficial.

    Thoughts?

  35. Cory Allen Heidelberger Post author | 2023-09-11

    Mike Z, back to the topic: there’s no depression, right?

    If Trump can’t be trusted to offer an honest assessment of the economy, how can he be trusted to engage in any sort of honest discourse with the American people or with global leaders?

  36. grudznick 2023-09-11

    The Biden Recession is coming.

  37. Dicta 2023-09-11

    But there is no depression here now, right Grudz? That means, at minimum, Trump is lying. Again. How in god’s name is the heffalump the GOP frontrunner? What is happening to the party, dude? You know I’m more of a middle of the road guy than most, and the continued abstraction of truth by him and his supporters is worrisome.

  38. e platypus onion 2023-09-11

    The Biden Recession is coming.

    magats in congress, with the full backing of Goatzila, will see to that.

  39. Vi Kingman 2023-09-11

    Mike Zitterich, so-called indictments? You’ll soon see all the evidence soon enough and since you’re part of a cult you’ll just call the facts fake.
    Here is the 14th Amendment Section 3. Seems to fit.
    “No Person shall be a Senator or Representative in Congress, or elector of President and Vice- President, or hold any office, civil or military, under the United States, or under any State, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any State legislature, or as an executive or judicial officer of any State, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof. But Congress may by a vote of two-thirds of each House, remove such disability.”

  40. All Mammal 2023-09-11

    DaveFN- you judging peoples’ comments and assuming you know what they consider themselves could seem awfully smug. You don’t mean to sound so arrogant, do you?

  41. grudznick 2023-09-11

    Mr. Dicta, I cannot answer your questions about Mr. Trump. He is insaner than most. Almost to the point of being a federal Howitte of Gordantic proportions.

    Mr. Zitterich, do not get help for your mental afflictions. Some like you here, disjointed. Would you let grudznick pay your freight for a week?

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