Title: “Trump Blames Biden for Market Slump, But the Numbers Tell a Different Story”
The economy under Donald Trump hasn’t been performing well — but you wouldn’t know it if your only source of news was the president himself.
On Wednesday, Trump once again shifted blame to his predecessor, posting on Truth Social that the U.S. is still suffering from “Biden’s Stock Market.”
Excuse me?! This is Biden’s stock market?
Let’s rewind. When Trump returned to office, the stock market was riding high at around 44,000 — a level he proudly claimed was the result of investor anticipation for his second term. Even when he announced sweeping tariffs, the market held above 42,000 before it took a nosedive. At some point, he has to take responsibility.
“I didn’t take over until January 20th,” Trump wrote. “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, only that he left us with bad numbers. But when the boom begins, it will be like no other. BE PATIENT!!!”
However, many key indicators point to a strong economy under Joe Biden. His administration oversaw historic job growth, robust business development, and a steady decline in unemployment. Biden’s steady leadership helped markets maintain upward momentum, growing the GDP by a notable 12.6% — a figure even the Trump camp once described as a “historically robust expansion.”
- While Trump now distances himself from the recent downturn, the data makes one thing clear: it may no longer be Biden’s economy — but it’s certainly Trump’s stock market
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