In a recent episode of MSNBC's The Rachel Maddow Show, host Rachel Maddow dismantled the notion that large corporations and their executives are fervently backing Donald Trump financially and otherwise, as claimed by the MAGA campaign in the lead-up to the upcoming presidential debate between Trump and President Joe Biden.

Maddow began by questioning the narrative propagated by the press, which suggests that financiers have turned against Biden based on his record as an incumbent president. She pointed out that the "observable truth" of Biden's successes during his time in the White House contradicts such claims.

Highlighting the Biden administration's accomplishments, Maddow emphasized, "Under Joe Biden, we just had the best year of American job creation in the 21st century." She presented a series of reports demonstrating the administration's wins, including the fact that unemployment rates have remained consistently below four percent, a feat not seen since the early 1960s.

Moreover, Maddow pointed out that the U.S. economy has thrived to the point of becoming the envy of the world, even stabilizing the global economy. She noted how the U.S. stock market continues to break records, and crime rates have reached a 50-year low. Additionally, Biden has been successful in passing historic bipartisan legislation, such as his infrastructure initiatives.

Mocking the idea of a detrimental business landscape under Biden's leadership, Maddow sarcastically stated, "This is the kind of business landscape - hellscape - that business leaders have been suffering through under Joe Biden." To support her point, she highlighted headlines indicating how U.S. corporate profits have soared during the Biden administration.

Addressing arguments favoring Trump based on fiscal responsibility and debt relief, Maddow presented a report from the nonpartisan fiscal watchdog group, the Committee for a Responsible Fiscal Budget. The report compared the national debt incurred during Trump and Biden's presidencies, revealing that Trump added $8.4 trillion to the national debt, while Biden's impact was $4.3 trillion. Even when accounting for COVID-19-related spending, Trump's spending still far exceeded Biden's.

Contrary to claims of a mass shift in corporate allegiance towards Trump, Maddow referred to a New York Times article titled "C.E.O.'s Are Frustrated. That Doesn't Mean They Embrace Trump." Quoting the Times report, she highlighted that although there have been some vocal critics of Biden among prominent figures in Silicon Valley and Wall Street, it primarily reflects movement among executives who already supported Republican politicians.

Maddow further quoted Yale School of Management's senior dean for leadership studies, Jerry Sonnenfeld, who stated in a separate Times opinion piece, "Recent headlines suggest that our nation's business leaders are embracing the presidential candidate Donald Trump. That is far from the truth... Mr. Trump continues to suffer from the lowest level of corporate support in the history of the Republican Party."

The episode of The Rachel Maddow Show provided a thorough debunking of the claims made by the MAGA campaign regarding corporate support for Trump. It highlighted the undeniable successes of the Biden administration and showcased minimal evidence of a significant shift in corporate allegiance away from Biden and towards Trump.

The Rachel Maddow Show airs on Mondays at 9 p.m. ET on MSNBC.