During a lengthy interview with NBC News White House correspondent Kristen Welker, former President Donald Trump claimed that the nation's problems are the fault of President Joe Biden, while any successes should be credited to him. The interview, which aired on Sunday, drew laughter from an MSNBC economics panel the following day.
Welker asked Trump, “When does it become the Trump economy?”
Trump responded, “It partially is right now. I think the good parts are the Trump economy, and the bad parts are the Biden economy.”
The panel couldn’t help but laugh at the remark. Economist Jared Bernstein offered a tongue-in-cheek reaction: “Well, my reaction is that if this interview goes well, it's because of me. And if it goes badly, it's because of the other panelists. It's as simple as that,” he joked, prompting laughter from both the panel and host.
Host Ana Cabrera chimed in, “That's what I tell my producers. If I mess up, it's their fault.”
Bernstein added, “I can't imagine anyone hearing [Trump's statement] and thinking it's anything other than ridiculous.”
NBC News senior business correspondent Christine Romans then highlighted more serious concerns about the economic outlook, particularly in light of Trump’s trade policies.
“There’s a real worry about the impact of his tariffs — whether they could slow economic growth and drive up inflation,” Romans explained. “Major banks are grappling with the possibility that this doesn’t just mean slower growth or more inflation, but potentially something much worse: a recession.”
She noted that JP Morgan estimates a 60% chance of recession, while Goldman Sachs and Citi place the odds between 40% and 45%. Bank of America, meanwhile, sees a possibility of avoiding it altogether.
“What does that mean?” she said. “It means nobody knows for sure.”
Romans concluded grimly: “The real problem is, we’re not debating how strong the economy is — we’re debating how bad the pain might be.”
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