Political speech, timestamped and in context

Donald Trump: “If the Democrats win, you will have a 1929 style economic depression.”

Featuring: Donald Trump, Republican | President of the United States | National

FULL RALLY: President Trump Holds Midterm Campaign Event In Nebraska

Published October 5, 2026

I told you, $21 trillion. But the Democrat policies won't allow this to happen. In fact, the opposite will happen. If the Democrats win, you will have a 1929 style economic depression. You're going to go into a depression if they get in. If the Republicans win, you will each have $5,000 in your pocket. And for our country like we have never seen before. (45:16–45:22)

STATEMENT

Asserts that a Democratic win would lead to a depression similar to 1929.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

See the main statements from Donald Trump in this video

“We're taking in hundreds of millions of barrels of oil every week [from Venezuela].”
Claims the U.S. is importing hundreds of millions of barrels of oil weekly from Venezuela.12:57-13:04
“They allowed 25 million people to pour across our borders from all over the world.”
Asserts that 25 million people crossed the U.S. borders under the Radical Democrats' power.15:09-15:15
“Just recently I gave all members of the United States military $1,776.”
Asserts that $1,776 was given to all U.S. military members.45:44-45:53
“We have a record setting 21 trillion dollars coming in just in 15 months.”
Asserts that $21 trillion has come in over 15 months.47:13-47:18
“We also discovered that nearly 1 million families were massively defrauded by Obamacare.”
Asserts that nearly 1 million families were defrauded by Obamacare.47:48-47:56
“Not one person has come into our country illegally through the southern border in 17 months.”
Asserts that no illegal crossings occurred at the southern border for 17 months.1:08:55-1:09:03
“We won this state all three times by a landslide.”
Asserts winning the state by a landslide in three elections.00:10-00:14
“I am very honored to have received more votes than any candidate in the history of politics.”
Claims to have received more votes than any candidate in political history.00:16-00:24
“Nebraska is going to defeat the radical left Democrats once again.”
Predicts Nebraska will defeat the Democrats in the upcoming election.00:53-00:58
“We're going to send Pete Rickens back to the United States Senate.”
Predicts Pete Rickens will be elected to the U.S. Senate.01:01-01:06
“He [Osborne] supports giving your Social Security money to illegal aliens.”
Asserts that Dan Osborne supports reallocating Social Security funds to illegal immigrants.01:34-1:05:07
“He [Osborne] wants open borders so that people can come in from all over the world.”
Asserts that Dan Osborne supports open border policies.01:34-1:05:20
“We won all three of them [elections] by a lot.”
Claims to have won three elections by a significant margin.02:57-03:00
“Oil is less than it was under Biden, just so you understand.”
Claims current oil prices are lower than during Biden's presidency.04:34-04:39
“They will not have a nuclear weapon.”
Asserts that Iran will not obtain a nuclear weapon.04:53-04:56
“We're taking out more oil out of the Strait now than we did before the war.”
Claims increased oil extraction from the Strait compared to before the conflict.05:15-05:20
“We have the greatest military in the world. And I built it.”
Claims credit for building the greatest military in the world.05:30-05:35
“We'll have it [gas prices] lower than that [$1.85 a gallon] in a very short period of time.”
Predicts gas prices will drop below $1.85 per gallon soon.06:21-06:25
“They've attacked me, impeached me, arrested me, and they even tried to kill me, I guess.”
Claims he has been attacked, impeached, arrested, and allegedly targeted for assassination.07:49-07:56
“When I'm on the ballot, people show up and you always win. When I'm not on the ballot, 45% fewer people show up.”
Asserts that voter turnout is significantly higher when he is on the ballot.10:29-10:38
“The biggest tax cuts in history, a great border, best border we've ever had.”
Claims to have implemented the largest tax cuts in history and the best border security.10:54-10:59
“We took over Venezuela. 1 hour and 48 minutes. It took us. Nobody killed.”
Claims the U.S. took control of Venezuela's oil supply in under two hours without casualties.13:15-13:21
“The last time the Radical Democrats had power, they gave us the worst inflation in American history.”
Asserts that the Radical Democrats caused the worst inflation in American history.14:57-15:04
“The last time the Radical Democrats had power, they gave us the highest energy prices in American history.”
Asserts that the Radical Democrats caused the highest energy prices in American history.14:57-15:10
“The last time the Radical Democrats had power, they gave us the worst trade deficit in American history.”
Asserts that the Radical Democrats caused the worst trade deficit in American history.14:57-15:10
“Venezuela opened their prisons and we took, we captured Maduro.”
Asserts that Venezuela opened its prisons and the U.S. captured Maduro.15:44-15:49
“Our nation is doing better now than it's ever done before.”
Asserts that the U.S. is currently performing better than at any time in its history.18:38-18:42
“We have $21 trillion that broke the record by many times.”
Asserts that the U.S. has $21 trillion, breaking previous records by a significant margin.18:48-18:53
“Under Republican leadership incomes for hardworking Americans has soared to the highest level income the highest level ever recorded.”
Asserts that American incomes have reached their highest level under Republican leadership.19:03-19:22
“More Americans are working today than at any time in the history of our country.”
Asserts that the current employment rate is the highest in U.S. history.19:36-19:43
“The poverty rate has just reached its lowest level in American history ever.”
Asserts that the U.S. poverty rate is at its lowest level in history.19:55-20:03
“African American poverty, Hispanic American poverty and Native American poverty rates are at their all time lowest levels ever recorded in history.”
Asserts that poverty rates for African Americans, Hispanic Americans, and Native Americans are at historic lows.20:18-20:33
“The stock market in just a little bit more than a year and a half has soared to 81 all time record highs since the election.”
Asserts that the stock market has reached 81 all-time highs since the election.20:51-21:02
“Under my strong tariff policy, exports have soared to the highest level.”
Asserts that exports have reached their highest level due to his tariff policy.21:15-21:21
“We're building more plants, more manufacturing plants than factories than at any time in the history of our country.”
Asserts that more manufacturing plants are being built than ever before in U.S. history.21:27-21:34
“In four long years of the crooked Joe Biden administration, they got less than $1 trillion of new investment into the United States.”
Asserts that less than $1 trillion of new investment came into the U.S. during Biden's administration.22:07-22:16
“We've secured commitments for more than 25 times in a short period of time what Biden did in four years.”
Asserts that his administration secured over 25 times more investment commitments than Biden's in a shorter period.22:37-22:49
“Right here in Nebraska, Nicor is investing $2 billion to build one of the most advanced critical mineral mines anywhere in the world.”
Asserts that Nicor is investing $2 billion in Nebraska for a critical mineral mine.24:15-24:25
“One of the world's largest medical device manufacturers, Becton Dickinson, also just announced a $3 billion investment to bring medical manufacturing back to the United States.”
Asserts that Becton Dickinson announced a $3 billion investment to bring medical manufacturing back to the U.S.24:31-24:43
“My administration has also taken historic action to dramatically lower the cost of gasoline and diesel.”
Asserts that his administration has taken action to lower gasoline and diesel costs.24:57-25:04
“We're bringing [prices] way down. Look at the prices, they're coming way down.”
Asserts that prices are decreasing significantly.26:25-1:03:49
“California has refineries that they close up.”
Asserts that California is closing its refineries.27:48-27:51
“Last week, at my request, European nations agreed to release massive amounts of diesel fuel from their reserves.”
Asserts that European nations agreed to release diesel fuel reserves at his request.27:55-28:04
“The typical trucker will save over $100 every time they fill up.”
Asserts that truckers will save over $100 per fill-up due to the executive order.32:12-32:17
“Farmers will also save millions and millions of dollars.”
Asserts that farmers will save millions of dollars due to the executive order.32:19-32:30
“This order will also drive down the cost of all goods, including grocery prices, very substantially.”
Asserts that the executive order will substantially reduce the cost of goods, including groceries.32:32-32:39
“We also virtually eliminated the unfair estate tax, or death tax, as it's known.”
Asserts that the estate tax has been virtually eliminated.33:54-33:59
“There's no estate tax, and there's no. We call it death tax.”
Asserts that there is currently no estate tax.35:33-35:37
“The Democrats voted against that, okay? And if they get in, they will put the estate tax right back on.”
Asserts that Democrats will reinstate the estate tax if they gain power.35:49-35:56
“No tax on overtime.”
Asserts that there is no tax on overtime pay.35:59-36:01
“They won't approve voter identification. They won't approve proof of citizenship.”
Asserts that Democrats refuse to approve voter identification and proof of citizenship.36:22-36:30
“The only reason the Democrats won't approve it is because they want to cheat.”
Asserts that Democrats oppose voter ID laws to facilitate cheating.37:04-37:11
“I also gave our great farmers and ranchers 12, just now, $12 billion in relief.”
Asserts that $12 billion in relief was given to farmers and ranchers.38:16-38:23
“In my last term, I gave you $28 billion because other countries were taking advantage of our farmers.”
Asserts that $28 billion was given to farmers in the last term due to foreign exploitation.38:58-39:06
“Over this year, we've cut your agricultural deficit, your trade deficit in more than half.”
Asserts that the agricultural and trade deficit has been reduced by more than half.39:19-39:26
“I gave farmers the right to repair your own equipment without going to jail.”
Asserts that farmers were given the right to repair their equipment without legal repercussions.39:26-39:32
“If Republicans win the House of Representatives and the Senate, I am going to give all adult citizens in the United States of America $5,000.”
Asserts that if Republicans win, all adult citizens will receive $5,000.44:40-44:52
“We're taking in massive amounts of money through tariffs and record setting economic success.”
Asserts that the U.S. is taking in massive amounts of money through tariffs and economic success.45:02-45:08
“We just sent the victims of the Democrat corruption checks for $500 each.”
Asserts that checks for $500 were sent to victims of Democratic corruption.48:13-48:20
“11,000 families happened to be in Nebraska. They were defrauding you on Obamacare.”
Asserts that 11,000 families in Nebraska were defrauded on Obamacare.48:19-48:27
“We're giving all of that money, billions of dollars, back to the people where it belongs.”
Asserts that billions of dollars are being returned to the people.48:36-48:41
“We're ending billions of dollars in Obamacare fraud where shady insurance brokers got paid millions and millions of dollars in commissions.”
Asserts that billions of dollars in Obamacare fraud are being ended.49:00-49:10
“We inherited the worst border in American history, and we turned it into the strongest and most secure border in the history of our country.”
Asserts that the border was the worst in history and has been turned into the most secure.51:09-51:17
“In the past 17 months, zero illegal aliens have been admitted to the United States of America.”
Asserts that zero illegal aliens have been admitted to the U.S. in the past 17 months.51:20-51:28
“I signed the great big beautiful bill delivering the largest tax cuts in American history.”
Asserts that the largest tax cuts in American history were delivered through a bill he signed.56:04-56:11
“No tax on tips, no tax on overtime, no tax on Social Security for your great seniors.”
Asserts that there are no taxes on tips, overtime, and Social Security for seniors.56:11-56:18
“We made interest on car loans tax deductible...only if the car is made in America.”
Asserts that interest on car loans is tax-deductible only for American-made cars.56:17-56:30
“I got favored nations agreement where we paid the highest price in the world for drugs, and now we pay the lowest price.”
Asserts that the favored nations agreement reduced U.S. drug prices from the highest to the lowest globally.56:48-56:57
“It's the largest reduction in drug prices in the history of our country, probably of any country.”
Asserts that the reduction in drug prices is the largest in U.S. history and possibly globally.57:03-57:09
“We abolish all discriminatory diversity, equity and inclusion policies throughout the federal government.”
Asserts that all diversity, equity, and inclusion policies were abolished in the federal government.57:19-57:26
“We delivered the largest ever investment in the United States armed forces, over $1 trillion, all made in the USA.”
Asserts that over $1 trillion was invested in the U.S. armed forces, all domestically produced.57:52-58:02
“Every single Democrat in Congress voted against our record tax cuts.”
Asserts that all Democrats in Congress voted against the tax cuts.59:51-59:56
“We have the best border we've ever had.”
Asserts that the U.S. border is the best it has ever been.1:01:14-1:01:17
“We had the worst border in history of the world, I think.”
Asserts that the U.S. border was the worst in world history.1:01:22-1:01:26
“We're going to get [gasoline prices] down to that level or lower.”
Asserts that gasoline prices will be reduced to or below a specific past level.1:04:00-1:04:03
“Osborne wants to pack the Supreme Court with 23 judges with radical justices.”
Asserts that Dan Osborne wants to expand the Supreme Court with 23 judges.1:04:36-1:04:43
“We had the best border in the history of our country.”
Asserts that the border was at its most secure in U.S. history during his administration.1:08:42-1:08:47
“Lynn Waltz supported raising your property taxes by billions and billions of dollars.”
Asserts that Lynn Waltz supported significant property tax increases.1:10:23-1:10:29
“Lynn Waltz voted to give food stamps to drug dealers.”
Asserts that Lynn Waltz voted for policies allowing drug dealers to receive food stamps.1:10:23-1:10:34
“Lynn Waltz hates the Second Amendment. She said, I will obliterate the Second Amendment.”
Asserts that Lynn Waltz opposes the Second Amendment and has expressed intent to eliminate it.1:10:23-1:10:39
“Never have we had a president that has lowered our taxes.”
Asserts that no previous president has lowered taxes as much as during Trump's presidency.1:14:39-1:14:44
“You could now pass the family farm on to the next generation without paying federal estate tax.”
Asserts that changes in federal estate tax laws allow family farms to be passed on without tax.1:14:44-1:14:51
“Our movement is the strongest there's ever been in the history of a country.”
Asserts that the political movement led by Trump is historically strong.1:16:20-1:16:25
“In recent CNN poll, we have a 98% approval rating among MAGA [Republicans].”
Asserts a 98% approval rating among MAGA Republicans in a CNN poll.1:16:26-1:16:34
“In another poll, we're at 99% approval rating in the Republican Party.”
Asserts a 99% approval rating within the Republican Party in another poll.1:16:36-1:16:43
“Our endorsement record when I endorse people is unmatched at 99% in the history of politics.”
Asserts a 99% success rate for candidates endorsed by Trump.1:16:51-1:17:01
“I will issue a Trump dividend of $5,000 to every adult citizen in America.”
Proposes a financial dividend for adult citizens.1:17:23-1:17:30
“We will make all Trump tax cuts permanent, including no tax on tips, no tax on overtime, no tax on Social Security for our great seniors.”
Proposes making Trump-era tax cuts permanent.1:17:31-1:17:42
“We will win the war on corruption and fraud led by our great vice president, J.D. Vance.”
Claims a commitment to fighting corruption and fraud.1:17:41-1:17:41
“We will pass the no Invasion of Our country act, prohibiting any future president from ever opening our borders to illegal immigrants again.”
Proposes legislation to prevent future presidents from allowing illegal immigration.1:17:51-1:18:01
“We will pass a truly great healthcare plan that will stop all payments to big insurance companies.”
Proposes a healthcare plan that eliminates payments to insurance companies.1:18:05-1:18:12
“We will end no cash bail.”
Proposes ending the practice of no cash bail.1:18:29-1:18:32
“We will pass the death penalty for large scale drug dealers, human traffickers and anyone who kills a police officer.”
Proposes the death penalty for certain crimes.1:18:36-1:18:45
“We will pass the Save America act to defend our sacred American elections.”
Proposes legislation to protect elections.1:18:59-1:19:06
“All of that will include, as you know, voter ID and proof of citizenship.”
Proposes voter ID and proof of citizenship requirements.1:19:11-1:19:16
“We will enshrine into permanent law. No men in women's sports.”
Proposes legislation to ban men from women's sports.1:19:16-1:19:22
“No transgender mutilization of your children. We are not going to allow it.”
Proposes banning certain medical procedures for transgender youth.1:19:28-1:19:34
“Nobody ever heard of $21 trillion being invested.”
Claims $21 trillion is being invested in the U.S.1:20:20-1:20:25
“Factories are being built, plants are being built. Medical facilities are being built. By Pfizer, by Eli Lilly, by Merck.”
Claims major companies are building facilities in the U.S.1:20:27-1:20:37
“They're spending hundreds of billions of dollars building.”
Claims companies are investing hundreds of billions in construction.1:20:36-1:20:41
“We learned during COVID we had no medicine. It was all made in China, all parts of Europe, Ireland, all parts of Europe.”
Claims the U.S. lacked domestic medicine production during COVID-19.1:20:40-1:20:49