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

Contributing sentiments towards policy:

79% : "President Trump is inheriting an economy that is about as good as it ever gets," said Mark Zandi, chief economist at Moody's Analytics.
67% : " Even the very careful New York Times said that Trump was full of it.
67% : And don't expect Trump to ever acknowledge that Wall Street soared during Biden's four years.
62% : Later in the day in a speech to corporate executives, Trump continued to try to dodge responsibility, saying: "This is Biden's economy.
48% : For Trump, truth is a distant galaxy.
44% : Like the boy who would never admit he broke the cookie jar, Trump refused to admit that his tariffs had anything to do with the first-quarter downturn.
43% : In fact, there is one key cause of the poor showing - and it's not his predecessor While Donald Trump delusionally asserts that "we're celebrating the most successful first 100 days of any administration in American history", last week's economic news emphatically refutes that.
42% : Eager to stock up on foreign goods before Trump imposed his wave of tariffs, US businesses rushed to increase their imports, and according to the formula used to calculate GDP, soaring imports have a downward effect on economic growth.
40% : It's as delusional for Trump to claim that "we inherited from the last administration an economic catastrophe", as he did in a speech to a joint session of Congress in March, as it is for him to insist that Ábrego García's knuckles say "MS-13".
29% : What Trump failed to say was that the stock market didn't begin to plunge until 2 April, when he announced his steep, worldwide "liberation day" tariffs.
26% : As part of his never-ending effort to dodge responsibility, Trump blamed Biden for the stock market's recent troubles.
26% : "I have never seen a more direct connection to what we're seeing in the economy and stock market to the action of one person, which is to President Trump and his trade war," Bernstein said.
22% : Far too often, Trump seems allergic to the truth.
21% : so it's absurd for Trump to blame him for that decline.
19% : The Times wrote that Trump "blamed his predecessor for handing him a bad economy, despite data showing that growth was strong when he took office".
17% : (Trump will never tell you this, but during his first term, the nation lost 2.7 million jobs overall, making his first-term presidency the first presidency since Herbert Hoover's to suffer an overall loss in jobs.
15% : Trump won over many voters by attacking high inflation under Biden - and it was a serious problem - but by the time Biden left office, inflation had slid to just 2.9%, far below its 9% peak in 2022 and nearly down to the Federal Reserve's inflation goal.
9% : Devious as ever, Trump posted on Truth Social on Wednesday: "This is Biden's Stock Market, not Trump's.
8% : Trump, who has spent his life blaming others and refusing to admit mistakes, was quick to blame Joe Biden for the downturn.
8% : As part of his economic disinformation efforts, Trump has repeatedly said that job growth was a disaster under Biden.
7% : That of course is when Trump returned to the White House, but Trump, true to form, denied that he was in any way responsible for the surprisingly bad economic news.
5% : Jared Bernstein, who was chair of the Council of Economic Advisers under Biden, said on MSNBC on Thursday that it was ludicrous for Trump to blame Biden for the first-quarter downturn.

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