Commerce Secretary Howard Lutnick argued Wednesday that former President Joe Biden — not his boss, President Donald Trump — is to blame for recent negative economic data and a plunge in stock prices.
“The president spoke about it last night,” Lutnick said in an interview on Bloomberg Television. “He said Biden left him a pile of poop.”
“He left him a lot of the economy that [Trump’s] trying to fix,” Lutnick said.
Trump in an address to a joint session of Congress on Tuesday night said Biden had left him an “economic catastrophe” and an “inflation nightmare” to deal with.
In fact, the U.S. economy grew by 2.8% in the past year, and the inflation rate in December was 2.9% — well below the 40-year high of 9.1% hit in June 2022.
Lutnick’s comments came as Bloomberg asked him about “data over the last few weeks that hasn’t been great,” as well as concerns that Trump’s massive new …