Trump Pines For The Good Old Days Of The 1890s

By Heather — September 29, 2024

Here's Trump during a so-called "town hall" in Warren, MI this Friday.

TRUMP: We're going to be doing a lot of things, but we're lowering taxes. We're going to use tariffs very, very wisely. You know, our country in the 1890's was probably Marsha, probably the wealthiest it ever was because it was a system of tariffs. And we had a president, you know McKinley. Right? Remember Mount McKinley? And then they changed the name, but one of those things, he was really a very good businessman and he took in billions of dollars at the time, which, today it's always trillions, but then it was billions and probably hundreds of millions, but we were a very wealthy country.

Nothing like pining for the good old days of the Gilded Age.

🚨 FACT CHECK: Trump says the US was “wealthiest” in the 1890s due to tariffs. False!

⚠️ Reality: The 1890s faced the Panic of 1893, one of the worst economic depressions in US history. Unemployment spiked to 18%, and many banks failed. Tariffs didn’t save the economy then!…

— The Rational Rebel (@CaliLogicalMind) September 28, 2024

He's literally always wrong. pic.twitter.com/Tqaxc7WZvt

— Crazy Fenak (@CrazyFenaker) September 27, 2024

Oh, Donald, diving into history with the grace of a bull in a china shop, aren't we? Claiming the 1890s as America's zenith of wealth due to tariffs is like saying the Titanic was a success because it had a great band. McKinley's era? Sure, let's romanticize the time when…

— SilenceBeDamned💙💙💙🇺🇸🦅 (@SilenceDamned) September 28, 2024

JFC on a whole wheat cracker —doesn’t he have staff that can research? FFS in <2 seconds
The Federal Reserve literally has :
👇🏻The Panic of 1863👇🏻https://t.co/eqayk9Lt2b

— File411 (@File411) September 28, 2024

Ahh, yes! The amazing 1890’s US.
👇🙄👇🙄 pic.twitter.com/TF2eoBWQvh

— Maudi63 (@maudi63) September 27, 2024

So he wants to rewrite history and ignore the Panic of 1893? pic.twitter.com/8EQqyIyxvb

— Island Girl - 100% Pro-Choice, Vote Blue (@bluepolitics_) September 28, 2024

What a f**king idiot!
The McKinley Tariff Act of 1890 increased the taxes on most imported goods while eliminating taxes on luxury items. The outcome was that domestic businesses raised the prices of American products to unaffordable rates.

— PNW Area Man (@Notalwayswrite) September 27, 2024

This is a lie.

The 1890s in the United States were a time of economic depression.

The Panic of 1893 caused a severe economic depression that led to a 25% drop in economic activity and nearly 20% unemployment.

— Alamo_On_The_Rise 🫡 🇺🇲 (@AlamoOnTheRise) September 28, 2024

Trump failed to mention that McKinley was President at the tail end of the Gilded Age where unrestrained capitalism meant that the rich paid little tax and the average worker in New York was paid peanuts and usually lived with their family in a single room in rundown tenements.…

— Malcolm1234567 (@Malcolm12345672) September 28, 2024