Competing economic plans to take center stage at first presidential debate
UPDATED 6:31 AM PT – Tuesday, September 29, 2020
Recent polls show the economy is a top issue for voters across the nation ahead of Election Day. The countdown is on for President Trump and former Vice President Joe Biden to face off in the first of three presidential debates.
Recent campaign events are providing insight into each candidate’s approach to economic policy. For President Trump, the ongoing pandemic isn’t stopping him from highlighting his record.
“We built the greatest economy in the history of the world, not only here — anywhere,” he stated.
Prior to the coronavirus taking a toll on the nation’s economy, the President touted record low unemployment rates and GDP growth above economists’ expectations. In recent weeks, he’s largely embraced that same approach while warning voters about the alternative.
— Team Trump (Text VOTE to 88022) (@TeamTrump) September 26, 2020
Members of the administration are also touting ongoing efforts as the fastest economic recovery even as Congress remains deadlocked on another stimulus bill. Regardless of whether lawmakers decide to pump more aid into the economy, the White House is confident about the path the nation is currently on.
“The President favors the direct assistance through checks, so lets get that done,” stated Larry Kudlow, White House National Economic Advisor. “There are certain things that can help, but I do not think the recovery is contingent on that assistance package and as long as businesses keep open and stay open we are in much better shape than we were although we got a lot of work to do.”
It’s a stark contrast to the message Joe Biden is pushing at his campaign events. He’s pinning the blame of the pandemic-stricken economy solely on his opponent, which is something he’ll likely do again on the debate stage.
“Even before President Trump’s failed response to COVID-19 crashed our economy, his reckless and chaotic trade policy had thrown American manufacturing into recession,” claimed the Democrat.
Both President Trump and Biden support another round stimulus to help working class Americans and small businesses stay afloat. It’s the amount of money they clash on. Biden wants a multi-trillion dollar relief package, while President Trump prefers a less aggressive approach.
If elected president, Biden said he would forgive federal student loans up to $10,000 and increase monthly social security checks by $200. On the other hand, President Trump would decide in December whether to extend a suspension on federal student loan interest and payments through the end of the year depending on the pandemic.
Tuesday night will offer both candidates the opportunity to lay out details of their competing plans. They can either double-down on their plans or offer Americans new economic solutions as the nation looks on.
One America News will provide full coverage of the event starting at 9 p.m. ET / 6 p.m. PT!