President Trump has responded to news of the first contraction of the US economy since 2022 in an entirely predictable manner: blaming former President Biden.
Yep, part of the reason Biden lost is that he didn’t make any major changes to economic policy (aside from stuff like COVID-19 relief spending and the Inflation Reduction Act). By not reversing Trump-era polices (let alone making policy in the other direction, to rein in corporate power and reduce wealth inequality), Biden failed to materially improve the economic prospects of the working class and thus left them vulnerable to Trump’s demagoguery.
Yep, part of the reason Biden lost is that he didn’t make any major changes to economic policy (aside from stuff like COVID-19 relief spending and the Inflation Reduction Act). By not reversing Trump-era polices (let alone making policy in the other direction, to rein in corporate power and reduce wealth inequality), Biden failed to materially improve the economic prospects of the working class and thus left them vulnerable to Trump’s demagoguery.