1 month ago
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Donald Trump tried to play the blame game regarding the bad economic news announced on Wednesday, but few people on social media are buying his latest excuse.
A preliminary estimate shows the U.S. economy shrank by .3% during the first three months of Trump’s second term, compared to the 2.4% increase of gross domestic product during Joe Biden’s last quarter in office.
Experts say the numbers could be a warning sign of a pending recession, especially since Trump seems to be going full steam ahead on applying tariffs that could raise prices, crush growth and spike unemployment.
But while the shrinkage happened on Trump’s watch, he refused to concede one tiny, itsy-bitsy level of accountability in a post he made on his Truth Social platform before the stock markets opened.
“This is Biden’s Stock Market, not Trump’s,” Trump insisted. “I didn’t take over until January 20th.”
He then claimed that once his tariffs “start kicking,” and companies start to move back to the U.S., “Our Country will boom, but we have to get rid of the Biden ‘Overhang.’”
Many people on social media were very skeptical about the president’s claim, contrasting it with another post Trump made in January 2024, in which he claimed the then-great stock market should be called “The Trump Stock Market” because his polls against Biden were so good that investors were predicting his win.
TruthSocial.com
Many people brutally mocked the president’s paradoxical statements that he should get credit for a good economy under Biden, but a pass when his own administration has bad numbers.
When Trump’s not in office and the market rallies — it’s “the Trump stock market.”
But when Trump is in office and the markets are tanking — suddenly it’s “Biden’s stock market.”
Even after Trump bragged we had one of the biggest rallies in history a couple weeks ago; was that… pic.twitter.com/1bzIMHLGWL
BlueSky
Last year when stocks were up under Biden, Trump said it was Trump's stock market, not Biden's
Today a negative GDP is registered under Trump and Trump said it's Biden's stock market, not Trump's
(If Biden confused GDP with stocks CNN would have run a week of dementia coverage) pic.twitter.com/RpdNZHFgY6
BREAKING: Trump is lying to you. He thinks you’re an idiot. You should feel insulted that he has no respect for your intelligence. The stock market has lost trillions in value because of his destructive tariff policies. This is directly correlated. This is not Biden’s fault. pic.twitter.com/lrCOUvCV3X
— Trump Lie Tracker (Commentary) (@MAGALieTracker) April 30, 2025
BlueSky
when Trump says that this is Biden's stock market...is he actually admitting that things are very bad?
Sounds like it to me.
What’s that old expression? Don’t piss down my back and tell me it’s raining? Well that applies here. The stock market is a direct reflection of Trumps 1st 100 days in office. Doesn’t mean it won’t get better and that we don’t need to be patient, but this is his market not Bidens pic.twitter.com/GVDCyL8NKH
— Dave Portnoy (@stoolpresidente) April 30, 2025We Won't Back Down
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