Donald Trump’s recent Truth Social post, in which he tries to pin blame for the current economic downturn on Joe Biden, is not only misleading—it’s flat-out dishonest. The economy President Biden handed off in January 2025 was strong by nearly every meaningful metric: unemployment was historically low, inflation had cooled, wages were rising, and the stock market was thriving. For Trump to claim otherwise is not just political spin—it’s gaslighting.
Trump insists we’re experiencing a “Biden Overhang,” but the facts don’t support it. The real overhang is Trump’s own economic illiteracy, now playing out on the national stage. The first quarter of 2025 saw the U.S. economy shrink, not because of Biden’s policies, but because of Trump’s abrupt reintroduction of tariffs. Businesses scrambled to import goods ahead of the new trade barriers, inflating imports and dragging down GDP. That’s not some inherited problem—it’s a direct result of Trump’s choices.
This is the same man who has filed for bankruptcy six times, ran a fake university, and left behind a trail of unpaid contractors and shuttered ventures. Yet he still parades around as if he’s a financial genius. In reality, Trump’s business career has been defined by failure masked as success—smoke and mirrors, built on branding rather than substance. Now, we’re seeing the same strategy applied to national economic policy, and the consequences are real.
Trump thinks tariffs make him look tough, but they’re just taxes on Americans. His obsession with protectionism ignores the complexities of global supply chains and ends up hurting the very workers he claims to defend. The 2025 tariffs are already destabilizing business planning, increasing costs, and unsettling investors. The stock market is reacting accordingly—with a slow slide and rising unease. And Trump wants to call that Biden’s fault?
It’s insulting to the intelligence of the American public. Trump has been in office for more than three months. These are his policies, his decisions, and his consequences. Trying to pawn off responsibility for his early-term failures onto Biden is cowardly, and more importantly, it’s a lie. This is not a president taking accountability—this is a conman trying to shift the blame for a failed bet.
What makes this even more maddening is Trump’s smug certainty. He speaks with such confidence that some people mistake it for competence. But confidence is not intelligence. He’s not a strategic thinker. He’s someone who believes he’s the smartest person in the room, even when the facts are stacked against him. That delusion is dangerous in a business—disastrous in a presidency.
We’re witnessing a test case in real time of what happens when a man who repeatedly failed at running hotels and casinos tries to run the world’s largest economy. Spoiler: it doesn’t end well. Trump’s economic policy is not based on data or expertise—it’s driven by ego, grievance, and a fantasy version of the 1950s American economy that no longer exists.
He wants credit for future success but takes no responsibility for current failure. That’s not leadership—it’s opportunism. And if the American people don’t see through this grift, we may be headed for more economic pain ahead. The markets know it. Economists know it. Even many Republicans know it, though they remain silent.
Donald Trump is not an economic mastermind. He’s not even an economic amateur. He’s a reckless operator with a track record of failure, a tenuous grasp of cause and effect, and an unshakable belief in his own myth. America deserves better than to be dragged into the consequences of yet another one of his delusions.
