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Trump Says There Will Be an Economic Depression if Democrats Win Midterms
Trump said Democrats winning the midterms would trigger a depression like 1929, while touting a $5,000 payout if Republicans keep Congress.
- On Saturday, President Donald Trump warned via TRUTH Social that a Democratic victory in the midterms could trigger an economic depression "much like 1929," referencing the stock market crash that preceded the Great Depression.
- To incentivize voters, Trump promised every American adult $5,000 if the Republican Party retains majorities in the House and Senate, framing the potential payment as a "Trump dividend" estimated to cost about $1 trillion.
- Democrats show increased competitiveness in five traditionally Republican states according to a New York Times/Siena University poll, prompting Trump and other GOP leaders to campaign in regions he carried by double-digit margins two years ago.
- Economist Peter Schiff pushed back on the president's prediction Monday, arguing a depression could arrive "regardless of the outcome" of the election and could provide political cover for future economic problems.
- Federal Reserve data shows the top 1% of United States households hold a record $60.3 trillion in wealth, while the bottom 50% hold $4.3 trillion, underscoring economic disparity amid the midterm debate.
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15 Articles
15 Articles
The Daily Caller+2 Reposted by 2 other sources
Trump’s Partly Right: A ‘1929-Style Depression’ Is Just Around The Corner
A few days ago, President Donald Trump warned of a “1929-style Depression … if the Democrats get in.”
·Washington, United States
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Trump Predicts A Depression “The Likes Of Which We’ve Never Seen” * The Gateway Pundit * by Promoted Post
Note: The information provided here or in any related communications is for informational purposes only and should not be considered as financial advice.
·St. Louis, United States
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Trump Warns Democrats Could Trigger ‘1929 Disaster’
President Donald Trump is warning that Democrats could trigger an economic crisis resembling the Great Depression if they win control of Congress in the November 2026 midterm elections. In Truth Social videos posted October 3, Trump urged voters to treat the election as though he were personally on the ballot. Trump said, “If the Democrats […]
Coverage Details
Total News Sources15
Leaning Left1Leaning Right11Center1Last UpdatedBias Distribution84% Right
Bias Distribution
- 84% of the sources lean Right
84% Right
R 84%
Factuality
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