GDP dropped this last quarter. Expect Trump and his worshippers to blame Biden.
Trump says US kids may get ‘2 dolls instead of 30,’ but China will suffer more in a trade war
The Republican president has tried to reassure a nervous country that his tariffs will not provoke a recession, after a new government report showed the U.S. economy shrank during the first three months of the year.
Trump was quick to blame his Democratic predecessor, Joe Biden, for any setbacks while telling his Cabinet that his tariffs meant China was “having tremendous difficulty because their factories are not doing business,” adding that the U.S. did not really need imports from the world’s dominant manufacturer.
His remarks followed a defensive morning after the Commerce Department reported that the U.S. economy shrank at an annual rate of 0.3% during the first quarter.
Trump pointed his finger at Biden as the stock market fell Wednesday morning in response to the gross domestic product report.
“This is Biden’s Stock Market, not Trump’s,” the Republican president, who took office in January, posted on his social media site. “Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers. Our Country will boom, but we have to get rid of the Biden ‘Overhang.’ This will take a while, has NOTHING TO DO WITH TARIFFS.”
President Donald Trump is acknowledging that his tariffs could result in fewer and costlier products in the United States.
apnews.com
In when it looked like the stock market was up, Trump claimed the stock market was his stock market.
In his own words: Trump takes credit for stock market rises but casts aside blame for sell-off
Jan. 7, 2025, during a news conference at Mar-a-Lago
“Since my election, the stock market has set records. The S&P 500 index has broken above 6,000 points for the first time ever, never even close.”
Jan. 19, 2025, at a rally in Washington, D.C.
“Everyone is calling it the — I don’t want to say this. It’s too braggadocious, but we’ll say it anyway — the Trump effect. It’s you. You’re the effect. Since the election, the stock market has surged, and small business optimism has soared, a record 41 points to a 39-year high.”
President Donald Trump in recent days has dismissed fears of a recession and brushed aside the stock market sell-off, going so far as to say, “You can’t really watch the stock market.”
apnews.com
Trump was handed a growing economy that was number 1 in the world. He is destroying that economy. This is not on Biden
~S~
