Name: Trump Blames Biden for First U.S. GDP Decline Since 2022
Uploaded: 2025-04-30T18:35:00Z
Duration: 1 min 20 s
Description: In a cabinet meeting, President Trump fielded questions about new GDP data showing the U.S. economy contracting in the first quarter of 2025.

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In a cabinet meeting, President Trump fielded questions about new GDP data showing the U.S. economy contracting in the first quarter of 2025. Photo: Evelyn Hockstein/Reuters

https://m.wsj.net/video/20250430/e5f5fafc-ce0e-4a4b-8142-c37ca96cba60/1/hls/manifest-hd-wifi.m3u8

In a cabinet meeting, President Trump fielded questions about new GDP data showing the U.S. economy contracting in the first quarter of 2025.

Trump Blames Biden for First  U.S. GDP Decline Since 2022

Reporter: You frequently took credit for the stock market highs. You said it was a reflection of how well you were doing in the polls. And then after you were elected, you said the stock market highs were a reflection of how well the transition's going, and the American people's confidence in your incoming administration. Now the stock market's not doing so well, and you're saying that's the Biden stock market, yet you are the president. Can you explain that?

Yeah, I'm not taking a credit or discredit for the stock market. I'm just saying that we inherited a mess, both at the borders. You could look at every single one of the people here and no matter who it is, they're doing better and they're far superior to what took place four years before us. When you look at the stock market in this case, it says how bad a situation we inherited. I took place, this was a quarter that we looked at today, and we took, all of us together. We came in on January 20th, so this is Biden, and you could even say the next quarter is sort of Biden because it doesn't just happen on a daily or an hourly basis, but we're turning it around. It's a big ship to turn around and we're gonna have the greatest country financially in the history of the world, I believe. I think we're gonna do things that... And we had to do it. We reset the table.

Trump Blames Biden for First U.S. GDP Decline Since 2022

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