Trump says he took care of US economy like it was his 'own company', gets roasted over past bankruptcies

NEW YORK CITY, NEW YORK: Donald Trump is no stranger to making bold statements, but his claims during a recent appearance at the Economic Club of New York may have backfired.

Trump took to the stage on Thursday, September 5, and delivered what he likely thought was a mic-drop moment about his time in the Oval Office. However, the internet was ready and waiting to fact-check him.

Donald Trump faces pushback for economy claims

“For four straight years, I fought for American workers like I would fight for my own family. I took care of our economy like I would take care of my own company," Trump told the audience.

Now, if you’re familiar with Trump’s business history, you might be raising an eyebrow right about now. Sure, he’s had some big wins, but there have been some bankruptcies that have dotted his career.

No sooner had Trump made his grand statement than Vice President Kamala Harris’ campaign stepped in with a sharp rebuttal. Harris’ team took to X (formerly known as Twitter) and posted a video of Trump’s speech with the caption, “Donald Trump bankrupted a casino and multiple other businesses.”

This opened the floodgates for other critics on social media.

"He left office with the worst jobs record. If that is the economy he wants us to go back to, then no thank you," one posted on X.

"Reminder - Trump’s under criminal investigation in multiple states for his corrupt business practices. Not the Flex Trump’s looking for," another wrote.

"Yep, he’s correct and that’s why he trashed the economy and couldn’t file bankruptcy to protect it as he has done six times to keep his businesses!" someone else added.

"That’s right. Trump ran up the bill and didn’t want to pay it," read a comment.

"He touted his wealth all around, While businesses fell to the ground. His casino’s big fall, Didn’t faze him at all, For in ego, success he found," another chimed in.

Donald Trump’s latest pitch

Donald Trump unveiled a new set of economic plans during his speech on Thursday. One of the headline-grabbing moments was his announcement of a government efficiency commission, which he said would be led by none other than Elon Musk.

“At the suggestion of Elon Musk, who has given me his complete and total endorsement… I will create a government efficiency commission tasked with conducting a complete financial and performance audit of the entire federal government and making recommendations for drastic reforms,” Trump declared. “We need to do it. Can’t go on the way we are now.”

This wasn’t just a random shoutout either. Trump and Musk did have a candid chat on X where Musk suggested the idea and Trump responded by saying, “I’d love it.”

The former President also talked about slashing the corporate tax rate to 15%—but with a catch: The benefits would only go to companies that keep their production in the US.

“If you outsource, offshore, or replace American workers, you are not eligible for any of these benefits. In fact, you will pay a very substantial tariff when a product comes in from another country,” Trump warned.

Trump has always loved a good tax cut. During his presidency, he cut the corporate tax rate from 35% to 21%, a move he’s still proud of. Now, he’s eyeing an even bigger cut, arguing that it would boost the economy, raise revenue, and cut the deficit, CNN reported.

Trump also pitched his government efficiency commission as a way to cut government spending—a move that could either be a genius plot twist or just more political theater. “As the first order of business, this commission will develop an action plan to totally eliminate fraud and improper payments within six months,” he promised. “This will save trillions of dollars.”

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