President Trump has responded to news of the first contraction of the US economy since 2022 in an entirely predictable manner: blaming former President Biden.
I would normally agree with the general sentiment that the POTUS gets both too much value and too much credit for the economy, and that particularly early in a term we are usually still seeing the results of older policy.
Except that in Trump’s case he has spent the first 100 days in office implementing policies with nearly universal agreement that there will be an immediate negative impact. Drastic, nonsensical EO’s like mandating commerical truck drivers speak English. The tarrif nonsense. Threatening global war with the talk of annexing Greenland, Canada, and Mexico. Etc.
I would normally agree with the general sentiment that the POTUS gets both too much value and too much credit for the economy, and that particularly early in a term we are usually still seeing the results of older policy.
Except that in Trump’s case he has spent the first 100 days in office implementing policies with nearly universal agreement that there will be an immediate negative impact. Drastic, nonsensical EO’s like mandating commerical truck drivers speak English. The tarrif nonsense. Threatening global war with the talk of annexing Greenland, Canada, and Mexico. Etc.