“You frequently took credit for the stock market highs, you said it was a reflection of how well you were doing in the polls,” said The Independent’s Andrew Feinberg at a White House Cabinet meeting Wednesday. “And then after you were elected, you said the stock market highs were a reflection of how well the transition was going and the American people’s confidence in your upcoming administration.”
But Trump couldn’t.
“I’m just saying that we inherited a mess,” he said, referring to immigration as an example.
Unfortunately for Trump, former President Joe Biden’s economy was fruitful by a number of metrics. His tenure in the White House saw historic job gains, curated business development, and decreased unemployment. Biden’s stability in office also aided the market’s steady growth, helping it repeatedly defy negative forecasts and grow gross domestic product by 12.6 percent, which the last administration celebrated as a “historically robust expansion.”
“Compared to the fourth quarter, the downturn in real GDP in the first quarter reflected an upturn in imports, a deceleration in consumer spending, and a downturn in government spending that were partly offset by upturns in investment and exports,” the U.S. Bureau of Economic Analysis reported Wednesday.
Earlier this month, the White House promised to make 90 deals in 90 days to drive down predicted costs and erase the trade war, a pledge that economists argue is no less than a monumental task. An unidentified White House official confirmed to Politico that the administration is scheduled to speak with 18 different nations over the next three weeks to coordinate possible deals.
But that hasn’t stopped Trump from hyperbolizing his metrics to thwart negative press: Last week, Trump claimed that he had already cut deals with 200 nations around the world—five more countries than actually exist.
Read More Details
Finally We wish PressBee provided you with enough information of ( Trump Fumbles When Asked Why He Blamed Biden for Bad Economy )
Also on site :
- Emmy Predictions: Talk/Scripted Variety Series — The Variety Categories Are Still a Mess; Netflix, Dropout, and ‘Hot Ones’ Stir Up Buzz
- Ex-Bellingcat child porn researcher commits suicide after conviction for abusing own child – media
- Khloe Kardashian and Podcaster Totally Gush Over Each Other and Fans Are Swooning