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The founder of Barstol Sports Company, Dave Burtoy, does not buy US President Donald Trump’s insistence that the current situation of the stock market is the mistake of former President Joe Biden.
On Wednesday, Portinoy published Trump’s refusal to take responsibility for the fluctuations of the market that occurred during the first 100 days in his post.
“What is this old expression? Do not urinate in my back and tell me that it is raining?” Porto Books on x. “Well this applies here.”
In a publication on the social truth on Wednesday morning, Trump tried to put a distance between his policies and the hole market by blame Biden and demanding the American audience “be patient.”
“This is the stock market in Biden, not Trump. I have not assumed his duties until January 20. The definitions will begin soon, and companies have begun to move to the United States of America with record numbers. Our country will flourish, but we have to get rid of Biden,” Trump said. “This will take some time, and it has nothing to do with definitions, only that we left bad numbers, but when the boom begins, it will not be like another. Be patient !!!”
Portnoy had no.
“The stock market is a direct reflection of Trump 1 on 100 days in his post,” continued. “This does not mean that it will not improve and that we do not need patience, but this is its market and not Biden.”
Another commentator, bearing the name of Dr. Jonathan Wall on X, Responding to the Portoi publication With a pair of shots of Trump’s comments on the social truth.
In one shots, on January 29, 2024, Trump announced that “this is the Trump market because my surveys against Biden are so good that investors expect to win and this will raise the market.”
The second screenshot was Trump’s comments from Wednesday, in which he claimed – 100 days after taking office – the United States is still suffering from the “stock market in Biden”.
Trump made his comments on Wednesday morning when the US Department of Commerce issued new data showing that the country’s gross domestic product decreased by an annual rate of 0.3 percent during the first quarter of 2025, after an annual increase of 2.4 percent in the fourth quarter of 2024, according to what he said. Hill.
In other words, the numbers were rising when Biden left, and they had been going down since Trump took office, based on the department’s data.
Despite Trump’s insistence that the market is not declining due to definitions, the market actually did a tank in the actual time as it was announcing its definitions on April 2. Wall Street Journal. This period was the largest decline for two days in the history of the US stock market.
Fortunately, the market wore some, but it continues to struggle amid continuous fluctuations. On Wednesday, the market opened with losses just minutes after Trump’s social job.
The only president who has worse performance in the stock market in the first 100 days is Richard Nixon during his second term in the 1970s, according to CNBC.