When the Commerce Division launched a report on April 30 displaying that the economic system had shrunk in the course of the first quarter of 2025 – the primary such decline since 2022 – President Donald Trump was fast to reply. "That is Biden," he mentioned, including that "You might even say that the following quarter is kind of Biden (too)." Later that day, he instructed a bunch of company executives that "That is Biden’s economic system." He capped his day by posting on Fact Social that "That is Biden’s Inventory Market, not Trump’s."
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