Trump says it's Biden's economy, but businesses and economists beg to differ
WASHINGTON (AP) When the stock market was climbing in January 2024, Donald Trump knew exactly who deserved credit: He did.
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When the stock market fell Wednesday on news that the American economy had gone backward during the first three months of 2025, Trump knew exactly who to blame: Biden.
This is Bidens Stock Market, not Trumps, he posted, adding that Biden left us with bad numbers, but when the boom begins, it will be like no other. BE PATIENT!!!
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Yet for economists puzzling out how prices and hiring will change in the coming months, or businesses struggling with a starkly uncertain future, Trumps massive and unpredictable import taxes on almost every country do in fact bear much of the blame. Rarely have a new presidents policies had such a sharp, immediate impact on the economy.
https://apnews.com/article/trump-economy-biden-tariffs-a268e2c155019a462eaa951aa20c7fcd

LetMyPeopleVote
(162,400 posts)The problem isn't just that Trump is wrong to blame Biden for the weak economy. The problem is also the fact that the rhetoric is literally unbelievable.
https://bsky.app/profile/stevebenen.com/post/3lo4eo5xmos2y
It's also that these tactics will almost certainly fail because the claims are literally unbelievable
Link to tweet
https://www.msnbc.com/rachel-maddow-show/maddowblog/trumps-pitiful-efforts-blame-biden-poor-economy-wont-work-rcna204033
In other words, Americans were supposed to believe last year that markets were up because investors expected Trump to eventually return to power, and Americans are now supposed to believe that markets are down because investors recently remembered that Biden used to be in power.
The New York Times summarized the ham-fisted rhetorical tactics in a tidy way:
President Trump seems to have two opposing messages about the economy. Anything good should be credited to him. Anything bad is Joe Bidens fault.
That might seem overly simplistic. It is not. Rather, this is exactly the framing the incumbent president has embraced with unnerving enthusiasm.
Indeed, the push isnt limited to messaging about Wall Street. After the Commerce Department released the latest GDP data, which showed the U.S. economy shrinking in the first quarter of 2025 for the first time in years, Trump said these discouraging developments were Bidens fault, too.
https://bsky.app/profile/did:plc:aunpu65mdrhwfie7ynymlzeh/post/3lo25cqt32l2q
Link to tweet
Perhaps realizing that his trade tariffs were likely to have a sustained negative effect on the domestic economy, the Republican added that if the economy continues to shrink in the second quarter, the public should also hold Biden accountable for that.
https://bsky.app/profile/did:plc:4llrhdclvdlmmynkwsmg5tdc/post/3lo2czfwb3s2w
Link to tweet
......As a political matter, the broader question is whether these tactics will work or not. If the president and his allies are expecting his pitch to work, they should probably lower their expectations. There are a few elements to this that are worth keeping in mind.
First, Trumps efforts to shift blame are likely to fail because theyre rooted in obvious nonsense. As a factual matter, the economy is struggling as a direct result of Trumps policies. To the extent that reality affects public attitudes, the presidents arguments will fall short because theyre wrong.
Second, Trumps attempts will probably prove unpersuasive because theyre meandering and incoherent. The more he careens wildly between give me credit for apparent good news and blame the guy who isnt in office for bad news, the more people will simply tune out his palaver.
And third, the presidents pitiful attempt at the blame game will almost certainly fail because its far too late to work. As New York magazines Ed Kilgore explained, Rarely if ever, and certainly not since FDR, has a new administration taken office more determined to own the country, its policies, and its overall direction......
This agenda carried real-world consequences that theyre responsible for and the phrase you broke it, you bought it now hangs over the White House and its economic agenda