President Donald Trump and his administration responded with two utterly unique pins: one, the Bureau of Economic Analysis’, and the other, the Bureau of Economic Analysis’.
Trump on Truth Social attributed the “bad numbers” to” Biden’s Stock Market” and the “overhang” of his Democrat father, former president Joe Biden. Karoline Leavitt, a spokesman for the White House, claimed that” the actual numbers reveal the real story of President Trump’s solid speed.”
The White House stated in a letter that” the title figure today represents the conclusion of the Biden economic crisis, not the start of the economic growth that is being delivered.” The expansion in January, particularly in consumer spending, which has an enormous impact on the Q1 number, was hampered by California fire and less-than-usual wind, which occurred most recently before President Trump took office.
How many breaks, then, does Trump merit for the economy’s positive points? And how much of the responsible does Biden owe for the recessions? The truth is that, for better or worse, Trump’s sector is largely his own, more than 100 days into a president that has witnessed more executive orders than any other president in background and an extraordinary punitive invasion of Congress’s historical authority over industry.
With the one significant and significant exception that gave rise to remaining inflation, Bidenomics.
Trump’s administration’s record has resulted in an annualized decrease of 8 % from the past quarter on a positive side of the ledger. Additionally, overall federal spending decreased by 5 % in the first three months of the year.
However, there are causes of stress, particularly in financial markets, where virtually two-thirds of Americans invest their own cash. The Russell 2000 index, which includes the small caps Trump theoretically favors with his sweeping tariff regime, is down 15 %, while the Nasdaq is down 12 % since Inauguration Day.
Additionally, Trump’s tax regime’s looming results haven’t yet been fully felt. If the White House doesn’t agree to free trade agreements with allies before the 90-day delay on the “reciprocal” taxes, the situation may be financially disastrous.
Trump’s good news is that, despite Americans ‘ dislike of taxes, inflation continues to be the main issue. Almost 3 in 5 Americans said bills or the cost of living are also their biggest financial issue in a CNN surveys from April 17 to April 24.
Another three-fifth of Americans reported to CNN that Trump’s laws have exacerbated the country’s economic conditions and raised their monthly expenses. The majority of Americans predicted that the tariffs may have a long- and short-term negative impact on both the business as well as their funds.
There is no denying that tariffs may in fact lead to significant additional prices if they continued to be at the general 10 % level or, worse, if they went up to absurd “reciprocal” rates after the 90-day pause failed. Tariffs are just a consumption tax that is added to the cost of imported goods, and the price increase would lead to shortages in import-dependent industries and allow local producers to increase their prices. Ordinary Americans are aware of this same truth, which is evidenced by the popular trader disapproval of the trade war. Instead of stocks or bonds, polls show a general general mind.
But, as far as the White House has effectively stated, inflation is still a result of Bidenomics, as the White House has demonstrated in the information from Trump’s second 100 times.
No ironically, the actual amount the CPI rose throughout his president, was found by the Economic Policy and Innovation Center, which found that Biden increased government spending by 22 % more than it would have been under previous rules. The underlying inflation crisis, which also stoked bond yields and, consequently, the federal government’s loans costs, was caused by Binden’s first spending boondoggle.
He continued on, though. In Biden’s last 100 days in office, the president authorized an further$ 30 billion in new loan through the Social Security Relief and American Relief Acts, bringing the total to almost$ 200 billion. These figures, which were up 7 % from October 2024 through January 2025, were not even taken into account in federal outlays. This increased spending has undoubtedly undermined the Federal Reserve’s efforts to lower inflation to its target of 2 %.
JAMES LANKFORD SUPPORTS AMAZON’S” Transparency” IN TARIFF COST DISPLAY
However, because Trump is the president, the buck stops with him, especially when he has so forcefully used economic authority that was previously reserved for the legislature and done so with the sole intention of reforming the American economy. And” Liberation Day,” when Trump blatantly imposed his tariffs on the world, seems to be the cause of the shift in blame.
Only 34 % of Americans blamed Trump for inflation, according to a CBS study in March, compared to 38 % who blamed Biden. However, CBS discovered that 54 % of Trump’s blame falls to him alone and another 20 % to Biden in equal measure after Trump’s “reciprocal” tariff announcement. Voters still may blame Trump for the situation, though it may not be entirely his fault.
