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Trump Says He Deserves a ‘Pass’ as Data Shows GDP Contracted | Balance of Power
Posted
April 30, 2025
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April 30, 2025
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31:09Now PlayingWatch Joe and Kailey LIVE every day on YouTube().
President Donald Trump blamed former President Joe Biden for weak economic data that sent stocks tumbling, arguing government data showing increased domestic investment signaled his tariffs are working.
“I have to start off by saying, that’s Biden. That’s not Trump,” Trump said Wednesday during a Cabinet meeting.
Inflation-adjusted gross domestic product decreased an annualized 0.3% in the first quarter, well below average growth of about 3%, according to initial government data published Wednesday.
“Let’s give us a pass on the first month, we were sort of getting a little bit used to things,” Trump added.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Bloomberg's Michael McKee.
American Action Forum President Douglas Holtz-Eakin.
Bloomberg's Daniel Flatley.
University of Michigan Professor of Public Policy and Economics Betsey Stevenson.
See omnystudio.com/listener () for privacy information.
Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.
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