The former vice president, pushing a campaign message that he is more in touch with working Americans than his rival in the Nov. 3 election, said the economic crisis has exacerbated divisions between the rich and the poor.
"The painful truth is, we just have a president who just doesn’t see it, he doesn’t feel it, he doesn’t understand, he just doesn’t care. He thinks if the stock market is up, then everything’s fine," Biden said during a speech in his home base of Wilmington, Delaware.
As both campaigns kick into high gear for perhaps one of the most consequential presidential races in recent U.S. history, the Labor Department reported that nonfarm payrolls increased by 1.37 million jobs last month, fewer than in July.
President Donald Trump and his fellow Republicans highlighted the fall in the unemployment rate in August to 8.4% as a sign that the economy is improving after the shock from coronavirus lockdowns that have devastated small businesses from restaurants to gyms and hair salons.
JOE BIDEN: The August jobs report came out this morning. And I'm grateful for everyone who found work again and found a glimmer of hope that brings them back from the edge. But there is real cause for concern as well. The pace of the job gains in August was slower than July, significantly slower than in May and June.
More and more temporary layoffs are turning into permanent layoffs. 28 million people have filed for unemployment. We're still down 720,000 manufacturing jobs. In fact, Donald Trump may be the only president in modern history to leave office with fewer jobs than when he took office.
The economic pain remains unrelenting for millions of working people of every race and background who aren't getting relief they need. Meanwhile, wealthy are doing just fine, some better than ever. This divergence in fortunes is unique to any recession in recent memory. And the painful truth is we just have a president who just doesn't see it.
He doesn't feel it. He doesn't understand. He just doesn't care. He thinks if the stock market is up, then everything's fine. If his wealthy friends and donors are doing well, then everything's doing well. And if your stock soars, families teeter on the brink of hunger and homelessness, and our president calls that success, what does that say about what he values?