LOS ANGELES.–Fake news continues to hammer 78-year-old President Donald Trump on the economy, saying it’s the worst stock market performance since President Richard Nixon. “This is Biden’s Stock Market, not Trump’s,” Trump posted on Truth Social. “I didn’t take over until January 20th. Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers,” Trump said. Democrats and the fake new have been hit Trump hard on the economy, knowing he promised to reduce prices, not drive them up with tariffs. “Our Country will boom, but we have to get rid of the Biden “Overhang,”’ Trump said. “This will take a while, has NOTHING TO DO WITH THE TARIFFS, only that he left us with bad numbers, but when the boom begins, it will be like no other. BE PATIENT!!!” Democrats and the fake news don’t buy Trump’s explanation and blame him for the sell-off.
U.S. Commerce Department showed that the U.S. economy contracted 0.3% in the first quarter, raising recession fears and causing consumers to scale back. Democrats and the fake news don’t like to hear that Wall Street was in a correction phase, something that happens periodically when stock prices are too inflated to remain attractive to fund traders. Democrats want only the most malign interpretation that Trump caused the markets to fall. Well, since hitting bottom last month, the Dow Jones Industrials finished its sixth days of gains, finishing up 141 points to 40,669, less than 5,000 points under its record high hit Dec. 4, 2024, six weeks before Trump became president. So, when it came to the latest market sell-off, it began in Dec. 2024 and bounced around until Inauguration Day. Democrats want to blame Trump for the market sell-off but clearly it started before he was president.
Trump responded to the Commerce Department’s report that GDP dropped 0.3% in the first quarter, looking for an explanation. Democrats and the press naturally blamed Trump, not looking at Biden’s past management of the economy. “You probably saw some numbers today, and I have to start off by saying that’s Biden—that’s not Trump—because we came in on January,” Trump said. “We came in and I was very against everything that Biden was doing in terms of the economy . . . We took over his mess in so many different ways,” Trump said. Democrats claimed that the S&P 500 soared after Trump took office,” something that sometimes happens on Inauguration Day. But the data clearly shows that all major indexes were in correction mode after hitting records highs Dec. 4, 2024. All stock indexes go through periodic corrections when price-to-earnings ratios get too high.
Democrats and the fake news keep hammering the narrative that Trump has driven the U.S. economy into recession, reflected in recent polls showing that the public isn’t happy with how he’s managing the economy. “You can’t really watch the stock market,” Trump said in March. “If you look at China, they have a 100-year perspective. We have a quarter. We go by quarters,” Trump said, asking the public to not use Wall Street as proof of his success. Democrats and the press want to hold Trump’s feet to the fire about promising during the 2024 campaign economic prosperity on Day One. Trump has enough sense to know that implementing any economic program takes time, won’t happen overnight. Watching the ABC News interview of Trump on his first 100 days, it’s clear that the media paints Trump as a failure, not delivering on his promises.
Democrat polls like CNBC show that 54% of adults see Trump’s policies having a negative impact on the country. Another NPR/PBS poll shows that 60% of respondents blame Trump for the current economy woes. But those same polls showed the same thing during the 2024 presidential campaign, mirror the disconnect of Democrat pollsters to include independent voters in their samples. So, if you listen to current polls they don’t mean all that much other than preaching to the choir. Public learned in 2024 to not trust the mainstream media that tends to be anti-Trump. Watching the 100-day interview with Trump yesterday, ABC News proved for all to see their extreme prejudice against Trump. Trump asked the public for patience to give his economy program more time. But not for Democrats and the fake news Trump must deliver all his campaign promises in three months.
NBC News has nothing but bad things to say about Trump, regardless of his real accomplishments. When it comes to the dramatic change on the U.S. border, NBC News says nothing other than that Trump doesn’t follow the Constitution when it comes to deporting illegal immigrants. When it comes to the economy, NBC News has nothing good to say about Trump’s economy, regardless of his progress on reducing the decades old trade imbalance. Democrats and the fake news rave about former President Joe Biden’s economy, relying on government spending to pull the country out of recession. But Biden created the worst inflation in over 40-years with all his government spending, forcing the Federal Reserve Board to hike interest rates. High interest rates have hurt consumers and homeowners, leaving the real estate maket in the worst slump since the pandemic.
About the Author
John M. Curtis writes politically neutral commentary analyzing spin in national and global news. He’s editor of OnlineColumnist.com and author of Dodging The Bullet and Operation Charisma.
