Trump’s old social media posts undercut his claim ‘this is Biden’s stock market’

President Donald Trump on Wednesday blamed the stock market’s performance on his predecessor.

“This is Biden’s Stock Market, not Trump’s,” the president posted to his Truth Social media platform Wednesday morning.

“I didn’t take over until January 20th. Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers. Our Country will boom, but we have to get rid of the Biden ‘Overhang.’ This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers, but when the boom begins, it will be like no other. BE PATIENT!!!”

The U.S. economy shrank at a 0.3% annual pace from January through March, the first drop in three years, the Associated Press reported.

It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before Trump imposed massive tariffs.

Trump’s post is undercut by prior social media posts where he took credit when the stock market boomed under President Joe Biden in January 2024.

“This is the Trump stock market because my polls against Biden are so good that investors are projecting that I will win, and that will drive the market up — everything else is terrible (watch the Middle East!), and record setting inflation has already taken its toll. Make America Great Again,” Trump posted to Truth Social on Jan. 29, 2024: