Former President Donald Trump has taken credit for the stock market's performance, pointing to gains made during his time in office. He highlighted specific periods of growth as evidence of his successful economic policies. However, Trump has also been quick to criticize President Joe Biden's handling of the economy, particularly concerning the latest GDP data.
The recent GDP figures indicated a slowdown in economic growth during the first quarter of 2025, raising concerns about a potential recession. Trump blamed Biden's policies for the disappointing numbers, arguing that they have negatively impacted the U.S. economy. His remarks have reignited the debate surrounding the current administration's economic strategies and their effectiveness.
Economists are offering varying perspectives on the GDP data. Some agree that policy changes could be contributing to the slowdown, while others point to external factors such as global economic conditions and supply chain disruptions. The situation remains fluid, and future economic indicators will be closely watched to determine the long-term trajectory of the U.S. economy. CBS News will continue to provide updates as this story develops.
Trump Claims Stock Market Success, Blames Biden for GDP Dip
Former President Donald Trump has attributed the stock market's positive performance to his policies. However, he criticized President Joe Biden for recent GDP figures suggesting the U.S. economy contracted in early 2025. The economic data has sparked debate about the current administration's impact. CBS News reports on the former president's comments and the economic landscape.
Source: Read the original article at CBS