DNC Statement on Trump’s Economic Speech on the Anniversary of the Lehman Brothers Collapse

WASHINGTON —  DNC General Election Chief of Staff Brandon Davis issued the following statement:
 “Donald Trump couldn’t have picked a better day to talk about his economic agenda – the anniversary of the financial crisis. After Lehman Brothers collapsed in 2008, the economy plunged into the largest recession since the Great Depression and millions of Americans lost their homes and retirement savings. Donald Trump?  He rooted for the collapse of the housing market in 2006 – and he got his wish.
 “At the end of the Bush administration, our economy was losing 800,000 jobs a month. Today, we can expect Trump to offer more of the same failed economic policies that preceded the crisis in the first place: rolling back Wall Street reform, tax cuts for the rich, and nothing for hardworking middle-class families. He opposes raising the minimum wage and thinks wages are too high, and his economic plans would bad for American workers, with experts suggesting that our economy would lose almost 3.5 million jobs under his proposal.
 “We can also expect that his speech will leave out the fact that the Obama economy is strong and growing faster than ever before. According to a new Census Bureau report, median household incomes grew last year at the fastest annual rate on record, with the greatest gains going to middle- and lower-income families. The poverty rate is declining faster than at any point since the 1960’s. All racial and ethnic groups saw increases in their household incomes. American businesses have added 15.1 million private-sector jobs over the last 78 months, and the unemployment rate has been cut by more than half since its peak during the recession.
“President Obama deserves credit for getting our economy back on track and laying a foundation for future growth and prosperity shared by all Americans. But we still have more work to do. We need to elect leaders this November who will continue to build on the progress of the last eight years. We must elect Hillary Clinton as our next president and Democrats up and down the ticket across the country. Democrats are fighting to raise the minimum wage and expand access to affordable housing and homeownership. We’re fighting to close corporate loopholes in our tax system and asking the wealthy to pay their fair share. We believe in supporting working families with paid family and medical leave. And we believe in building an economy that works for everyone, not just those at the top.”