When the stock market fell Wednesday on news that the American economy had gone backward during the first three months of 2025, Trump knew exactly who to blame: Biden. “This is Biden’s Stock Market, not Trump’s ,’’ he posted, adding that Biden “left us with bad numbers, but when the boom begins, it will be like no other. BE PATIENT!!!’’

President Donald Trump has started vacillating between telling Americans to be patient in the face of bad economic news and blaming his predecessor for it, leaving him vulnerable to losing the support of voters who elected him to improve the nation’s economy.

The U.S. economy shrank 0.3% from January through March, the first drop in three years. Gross domestic product — the nation’s output of goods and services — was down from 2.4% in the last three months of 2024.