In a surprising and somewhat ironic twist, former President Donald Trump has reportedly “freaked out” over the latest economic news—despite the fact that the current figures reflect the kind of positive economic performance he frequently promised during his time in office. The economy has shown unexpected strength under the Biden administration, with record job creation, lower inflation rates, and significant growth in key sectors. While this should be good news for Americans, it has left Trump visibly frustrated as the economic success story is now associated with his political rival, President Joe Biden.
According to sources close to Trump, the former president is livid that Biden is getting credit for the strongest economic indicators in years, particularly as the 2024 election season approaches. For Trump, whose brand has always been tightly tied to his identity as a businessman and the economic successes during his presidency, this latest round of positive economic news feels like a direct blow to his political narrative. He has long positioned himself as the only leader who could bring prosperity back to America, frequently pointing to the stock market and job numbers during his time in office as proof of his leadership.
The recent data, however, shows a different picture. Under the Biden administration, the U.S. economy has seen strong job growth, a rebound in consumer spending, and improvements in the manufacturing sector. Inflation, which had been a major point of concern for Americans over the past year, has started to cool down, giving relief to households and businesses alike. Meanwhile, wages have risen, and unemployment is at historic lows. This collection of good economic news has been widely hailed by economists and even some Wall Street figures, positioning Biden to claim a major victory ahead of the next election.
Trump, by contrast, is reportedly furious that Biden is reaping the benefits of these numbers. Sources close to the former president say he has been ranting privately to aides, accusing the media of spinning the economic data to favor Biden and diminish his own record. In a series of posts on his social media platform, Truth Social, Trump downplayed the economic gains, calling the reports “fake news” and suggesting that the numbers are manipulated. He has also continued to push his narrative that the economy was “rigged” against him during his presidency, pointing to the challenges posed by the COVID-19 pandemic and what he sees as unfair economic policies that followed his departure from office.
Trump’s public outbursts underscore a broader frustration that he may be losing control of the key issues that once defined his political strength. For years, Trump sold himself to voters as the businessman who could turn the country’s economy around, and many of his supporters still credit him for the pre-pandemic boom. However, with Biden now presiding over the best economic numbers in years, Trump finds his narrative slipping away. Political commentators have noted that this could complicate Trump’s message heading into the 2024 race, as Biden’s campaign can now point to tangible successes, particularly in the economic sphere.
In recent speeches, Trump has tried to shift the conversation back to his administration’s accomplishments, claiming that the economy would have been even stronger if not for the pandemic. However, the latest figures make it harder for him to claim that the country is worse off under Biden. With the 2024 election on the horizon, the economy will be a critical issue, and Trump’s frustration reflects his growing concern that Biden’s economic wins could undermine his chances of returning to the White House.
As the numbers continue to improve, Trump’s challenge will be finding a way to counter the narrative that Biden has delivered where he could not. For now, though, the former president’s reaction to the best economic news in years reveals just how much he feels the pressure of a changing political landscape.
