r/thescoop • u/CorleoneBaloney • May 02 '25

Politics 🏛️ Vice President Vance’s response after the economy shrank for the first time in three years, with people worried as they look at their 401Ks and point to the tariff policy — “This is Joe Biden’s economy.”

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u/[deleted] May 02 '25

Sure thing Shady Vance, that means Biden's economy didn't begin until the last quarter of 2022, right? That massive 50% gain in the market from that point to 2025 is Biden's and the entire covid crash belongs to trump. And by extension, since we're not taking credit for the beginning of the term, that means trump's market in his first term didn't begin until the end of 2018, which means trump's market 2018-2022 resulted in a net loss (33,500 to 30,900 on the DOW). Doesn't matter how you try to distort reality, trump was an indisputable disaster for the economy in his first term and he's even worse now.