A bit over 100 days in, what part of the economy can Trump still blame on Biden?

Published May 2, 2025 5:00am ET



After the Bureau of Economic Analysis announced that inflation rose during the first quarter of this year while gross domestic product shrank, President Donald Trump and his White House took two decidedly different tacks in responding.

On Truth Social, Trump blamed “Biden’s Stock Market” and the “overhang” of his Democratic predecessor, former President Joe Biden, for the “bad numbers.” White House press secretary Karoline Leavitt boasted that “the underlying numbers tell the real story of the strong momentum President Trump is delivering.”

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