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Biden: ‘The Economy…Is Collapsing Because of This Presidency;’ BLS: Employment at Record High

Craig Bannister
By Craig Bannister | August 2, 2019 | 12:37 PM EDT

Joe Biden
(Getty Images/Joshua Lott)

The U.S. economy is collapsing because of President Donald Trump, former Vice President Joe Biden declared Thursday. The next day, the U.S. Bureau of Labor Statistics (BLS) reported employment set a record high in July.

Speaking to reporters on Thursday, Biden claimed that the nation's economy and soul are "collapsing" because of Trump:

"Look, this is three years later. The world has changed. President Trump has turned it upside down internationally. He has turned it upside down economically. People are hurting badly. There's no response. We faced a different problem ten years ago when the economy collapsed because of Republican policies.

“Now we face a problem that the economy, as well as the soul of this country, is collapsing because of this presidency."

“So, it’s a different problem, but with the same basic principle.”

On Friday, BLS reported that:

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