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Trump says he’ll blame Biden again for 2nd quarter GDP after blaming him for Q1 drop - RFP Demo
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Trump says he’ll blame Biden again for 2nd quarter GDP after blaming him for Q1 drop

4 months ago in Uncategorized 0

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https://www.cnbc.com/2025/04/30/trump-gdp-tariffs-biden-overhang.html

President Donald Trump on Wednesday blamed former President Joe Biden for the U.S. economy contracting in the first quarter of 2025 — and suggested he will blame Biden again for the second quarter’s results.

“This is Biden,” Trump said after the Commerce Department reported gross domestic product declined in the first three months of this year.

“And you could even say the next quarter is sort of Biden because it doesn’t just happen on a daily or an hourly basis,” he said during a Cabinet meeting at the White House.

Trump noted that he did not take office until late January.

“The stock market in this case is, it says how bad the situation we inherited,” he said. “This is a quarter that we looked at today, and I, we took, all of us, together, we came in on January 20th.”

Does this mean Q2 will be negative GDP growth too? If he’s preemptively setting up blame for a quarter we’re only one month into

I assume they have access to economic data that we don’t

submitted by /u/Fidler_2K to r/stocks
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