In January 2024, Donald Trump posted on Truth Social, attributing the stock market’s record highs to his favorable polling against President Joe Biden. He claimed that investors were optimistic about his potential return to the White House, stating:

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.

Trump also remarked that “everything else is terrible,” referencing inflation and geopolitical concerns. He suggested that the market’s performance was driven by expectations of his victory, despite not providing evidence to support this claim.

During a Fox News town hall on January 10, 2024, Trump asserted that the stock market was rising due to his lead in the polls and warning of a potential crash if he did not win the upcoming election.

Now, in April 2025, following a significant stock market downturn attributed to his administration’s aggressive tariff policies, Donald Trump shifted responsibility again to Joe Biden.  Trump now referred to the declining market as the result of a “Biden Overhang,” suggesting that the economic challenges were inherited from the previous administration.

What a bunch of nonsense coming out of our president’s mouth. Let me get this straight. When the market was great, it was his win, even though Biden had been president for over 3 years then. When the market is terrible now, it’s Biden’s fault, even though Trump has been president for more than 3 months, and the DJIA was at 43,487 on January 20, 2025, when Biden’s term ended.

Joe Biden built a great economy. He brought us out of the Covid pandemic, lowered the Trump inflation, his policies brought manufacturing back to America, brought unemployment to historic lows, increased GDP every quarter, created 17 million new jobs and had the stock market at record highs. It took Donald Trump just three months to destroy all of that. And he has the gall to blame Biden for it.

Remember when Trump kept complaining that the economic disaster of 2020, following the Covid-19 pandemic outbreak, was Biden’s fault, even though he was president then?

How stupid does he think we are?