On Thursday, CNBC’s Steve Reesman took a jab at President Trump for attributing the current economic conditions to former President Biden.
“He tried to pin the stock market on Biden yesterday,” Leesman remarked during an appearance on MSNBC. “I think that sparked quite a few laughs on Wall Street, and it seems most folks see this as Trump’s problem, not Biden’s.”
Following a report from the Commerce Department, Trump stated, “This is Biden’s stock market, not Trump’s stock market.” He further noted, “It didn’t take shape until January 20th,” adding that tariffs were coming into effect and businesses were relocating to the U.S. at unprecedented rates. “Our country is thriving, but Biden’s ‘Overhan’ needs to go. This process takes time and isn’t directly tied to the tariffs, though he did leave us with a tough situation. When the boom begins, it will be unmistakable!”
Reesman shared that economists are bracing for what could be a “supply shock.” He elaborated, “If the issue is a lack of supplies and jobs are being lost because of this, then a drop in demand isn’t going to help. Additionally, there’s another concern: the typical solutions tend to involve government spending, and right now, that’s on the decline alongside the supply shocks.”
This commentary caught the media’s attention, further highlighting the ongoing debates around the economy and leadership.
