Biden Jabs Trump For Focusing On ‘The Dow And NASDAQ, Not You’ Amid COVID-19 Pandemic

Democratic nominee for president Joe Biden gives a speech to workers after touring McGregor Industries in Dunmore, Pennsylvania on July 9, 2020. (Photo by TIMOTHY A. CLARY / AFP) (Photo by TIMOTHY A. CLARY/AFP via Getty Images)

Democratic presidential nominee Joe Biden on Thursday bashed President Trump by accusing him of prioritizing the stock market over the well-being of Americans as coronavirus cases continue surging across the country.

Speaking at a campaign event in Dunmore, Pennsylvania, Biden outlined his economic platform which would include raising the corporate tax rate to 28% from the current 21%, demanding that Amazon pay income taxes and calling for a $15 an hour federal minimum wage.

Biden particularly appealed to growing frustrations among people who feel that Wall Street is getting bailed out more than the average American as the country continues roiling under health, economic and racial crises amid the COVID-19 pandemic.

The former VP specifically knocked Trump for being “almost singularly focused on the stock market” as the U.S. surpasses 3 million coronavirus cases. The President slammed Biden the day before in a tweet warning that stocks will “disintegrate and disappear” if he loses the presidential election in November.

“The Dow and Nasdaq, not you. Not your families,” Biden said. “If I’m fortunate enough to be elected president, I’ll be laser-focused on working families. The middle class families I came from here in Scranton, not the wealthy investor class. They don’t need me, but working families do.”

Later in his speech, Biden touted that he sees “a different America than Trump” that is “still dedicated to equality, liberty, human dignity and justice.”

“That’s the tragedy of Donald Trump being our president,” Biden said, before arguing that Trump is “exactly the wrong person to lead at this moment” and won’t bring the country together.

“He’s determined to drive us apart, to keep his base in place. He’ll not be President for all the American people,” Biden said. “His base — he believes he’s elected president only by his base. He will not appeal to the best instincts in the rest of us. He’s determined to stroke and revive the worst moments from our past.”

Watch Biden’s remarks below:

Dear Reader,

When we asked recently what makes TPM different from other outlets, readers cited factors like honesty, curiosity, transparency, and our vibrant community. They also pointed to our ability to report on important stories and trends long before they are picked up by mainstream outlets; our ability to contextualize information within the arc of history; and our focus on the real-world consequences of the news.

Our unique approach to reporting and presenting the news, however, wouldn’t be possible without our readers’ support. That’s not just marketing speak, it’s true: our work would literally not be possible without readers deciding to become members. Not only does member support account for more than 80% of TPM’s revenue, our members have helped us build an engaged and informed community. Many of our best stories were born from reader tips and valuable member feedback.

We do what other news outlets can’t or won’t do because our members’ support gives us real independence.

If you enjoy reading TPM and value what we do, become a member today.

TPM Staff
Latest News
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Associate Editor:
Investigations Desk:
Director of Audience:
Editor at Large:
General Counsel:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: