Trump says Biden caused the economic downturn. That’s malarkey | Steven Greenhouse

Donald Trump has spent his life blaming others and refusing to admit mistakes.

The US economy shrank in the first quarter of this year , after adjusting for inflation.

Trump, true to form, denied that he was in any way responsible for the surprisingly bad economic news.

Trump refused to admit that his tariffs had anything to do with the first-quarter downturn.

During Biden ’s four years , the US added 16.6 million jobs, more than during any four-year term of any previous president.

The Dow Jones Industrial Average climbed 39% and the S&P 500 soared by 55.7% , including a 28% jump during 2024 .

Trump failed to say that the stock market didn't begin to plunge until 2 April , when he announced his steep, worldwide “liberation day” tariffs.