# Economy worse than at Biden's exit, Schiff warns of 2028 socialist threat

Economist Peter Schiff says the US economy is in worse shape than when President Biden left office, and warns that Democratic socialist policies could become a threat in the 2028 election. His comments reflect ongoing criticism of the current administration's economic management. The piece is an opinion-based analysis that focuses on political and economic risks rather than new data.

**Importance:** 2/5

## Sources

### Business
- [Fox News Business](https://www.foxbusiness.com/politics/us-economy-worse-off-than-when-biden-departed-peter-schiff-says-warning-2028-dem-socialist-threat) — Thu, 20 Aug 2026 16:03:59 GMT