Social Media Isn’t Buying Trump’s Excuse For Bad Economy Stats | EUROtoday

Donald Trump tried to play the blame sport concerning the unhealthy financial information introduced on Wednesday, however few folks on social media are shopping for his newest excuse.

A preliminary estimate exhibits the U.S. financial system shrank by .3% in the course of the first three months of Trump’s second time period, in comparison with the two.4% improve of gross home product throughout Joe Biden’s final quarter in workplace.

Experts say the numbers could possibly be a warning signal of a pending recession, particularly since Trump appears to be going full steam forward on making use of tariffs that would increase costs, crush development and spike unemployment.

But whereas the shrinkage occurred on Trump’s watch, he refused to concede one tiny, itsy-bitsy degree of accountability in a publish he made on his Truth Social platform earlier than the inventory 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 when his tariffs “start kicking,” and corporations begin to transfer again to the U.S., “Our Country will boom, but we have to get rid of the Biden ‘Overhang.’”

Many folks on social media had been very skeptical concerning the president’s declare, contrasting it with one other publish Trump made in January 2024, wherein he claimed the then-great inventory market ought to be known as “The Trump Stock Market” as a result of his polls in opposition to Biden had been so good that buyers had been predicting his win.

Many folks brutally mocked the president’s paradoxical statements that he ought to get credit score for a very good financial system underneath Biden, however a move when his personal administration has unhealthy numbers.