00:00 Last week, we saw numbers showing clearly that the economy is crashing with GDP growing
00:08 and plunging and all over the place.
00:11 Nobody knows what's happening, especially Biden.
00:14 But GDP growth was plunging by more than 50 percent in the first quarter this year.
00:21 Nobody's seen anything like that for a long time.
00:24 We now have a thing called stagflation.
00:26 Does anyone know what that means?
00:28 It's not good.
00:29 It's worse than deflation and it's worse than inflation.
00:34 Stagflation is the worst and that's what we're in right now, which spells the death of the
00:38 American dream.
00:39 And that doesn't even include some of the horrible numbers we're seeing flowing in from
00:44 poor and crime-ridden countries right across our southern border.
00:48 They're coming in by the millions.
00:51 That's why this November, the people of Michigan are going to tell crooked Joe Biden, "Biden,
00:57 you're fired.
00:58 Get out of here."
01:03 The worst president in our history.
01:05 There's never been anybody like him.
01:08 In the past three years, the average Michigan family has lost 20 or 30 thousand dollars.
01:14 Think of this, 20 to 30 thousand dollars, thanks to the Biden inflation tax.
01:19 We have a new term.
01:21 It's called a new tax.
01:22 It's called inflation tax.
01:24 We call it the Biden inflation tax.
01:26 That's what's happened.
01:28 Record kinds of inflation.
01:30 And his price hikes are continuing to drain nearly one thousand dollars from the tithe.
01:35 A typical family each month loses one thousand dollars on other different taxes.
01:43 That's what he's done to you.
01:46 And by the way, for the auto workers, we'll talk about it later.
01:49 Your cars are all going to be made in China.
01:51 Congratulations.
01:52 That's the dumbest thing I've ever seen.
01:56 Food is up 24 percent.
01:58 Baby food is up 30 percent.
02:00 Eggs are up 50 percent.
02:01 Gasoline is up 54 percent.
02:04 Airfares are up 33 percent.
02:06 And the 30 year mortgage rate just hit seven point six percent.
02:11 When I left, it was two point six percent.
02:14 We had no inflation.
02:16 Everything was so good.
02:17 Bidenomics is flout out economic warfare and welfare on the American middle class and low
02:25 income people.
02:26 It's a disaster.
02:27 If Joe Biden wins this election, the middle class loses.
02:31 But if Trump wins, the middle class wins.
02:34 People of low income will start their journey toward the American dream.
02:39 Michigan wins and America wins.
02:41 That's what's going to happen.
02:47 That's what's going to happen.
02:50 Just days ago, Crooked Joe vowed to impose the largest tax in the history of America.
02:57 It's going to be the biggest tax hike in the history of America.
03:00 Biden said the Trump tax cuts are, quote, going to expire and I'm not going to renew
03:07 them if I'm reelected.
03:09 He had no idea what the hell he was saying, so it doesn't really matter.
03:12 That means under Biden, a single individual earning seventy five thousand dollars a year
03:18 will see an almost two thousand dollar tax hike and a family of four earning one hundred
03:24 and sixty five thousand dollars.
03:26 Think of this.
03:27 We'll see close to three thousand dollars in tax hikes over and above what you're paying
03:32 right now.
03:33 But instead of a Biden middle class tax increase, I will deliver a Trump middle class tax cut,
03:40 the likes of which you've never seen before.
03:48 And I already gave you the largest tax cut in the history of our country, larger than
03:52 the Reagan tax cuts many years ago.
03:55 You got the largest tax cuts in history.
03:57 On day one, we will throw out Bidenomics and we will reinstate a thing called Maginomics.
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