After Trump's Economy Shrank More Than Expected, Karoline Leavitt Gaslights the Country

Karoline Leavitt announced that the Trump economy is “booming!” when just four days ago, red flags were raised about the Trump economy contracting even worse than expected.

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The job of Donald Trump’s press secretary might not seem like an easy one, but when you really consider what it takes, it’s very easy. One must simply be willing to lie about any and everything at every moment.

And Karoline Leavitt is that person. She is the very first Trump press secretary who doesn’t show even a hint of discomfort with the lies. It’s almost as if she might not even know that she’s lying, except that would presume she would care if she knew, and there is no evidence to suggest that.

And so on Monday, Karoline Leavitt announced with the confidence of a seasoned liar, that the Trump economy is “booming!” when just four days ago, red flags were raised about the Trump economy contracting even worse than expected, with the first GDP drop in three years being a sharper and worse decline than expected.

“And with the incoming Trump economic boom, the stock market continues to roar back, with the S&P 500 and the Nasdaq both hitting record highs. And on this point of an economic boom, I bring to you original correspondence from the President of the United States to our Fed chair, Jerome Powell, as the President has consistently stated, the American economy is booming, and there were so many economic analysts who said that this President's policies would drive our economy down, when in fact, we have seen the opposite.

“We've seen a massive deregulation campaign take place. We've seen inflation completely diminished from where it was —-

(This is a big lie, inflation is not “completely diminished” and actually, Powell warned on Wednesday that he expects some inflation from TACO’s tariffs.)

“— under the reckless spending in the back policies of the previous, incompetent administration, I would remind the Fed chair, and I would remind the entire world that this is a president who was a businessman first, and he knows what he is doing.

(No mention of Trump’s 6 casino bankruptcies? But bonus points for Karoline for blaming Biden for something Trump did, nothing says ‘Trump’ like petulant finger pointing.)

“He has a proven economic formula that worked in his first term as president, and it is working again.

(False. Economy was already showing signs of trouble in December 2019 before Trump mismanaged Covid.)

“The one problem that remains is high interest rates for the American people. The American people want to borrow money cheaply, and they should be able to do that. But unfortunately, we have interest rates that are still too high.

(Yes, they are high compared to where they have been, and that sucks but lowering interest rates to create a surge of buying is dangerous when there are economic red flags, and that is why the only grown up around isn’t doing it. Chairman Powell told a Senate Banking Committee this on Wednesday.)

“So the President sent this note to the Fed chair today, and if you look at this chart, this is a chart of all of the interest rates of many countries throughout the world. At the top is Switzerland. They're only paying a quarter for interest rates, Cambodia, Japan, Denmark, Thailand, Botswana, Barbados, Taiwan, Bulgaria, Cuba, Sweden, Morocco, Cabo Verde, South Korea, Algeria, Canada, Albania, Libya, Malaysia, China, New Zealand, Trinidad and Tobago, Czechia, Bolivia, Australia, Costa Rica, the Bahamas, Kuwait, Papua, New Guinea, Bosnia, United Kingdom and the UAE are all paying lower interest rates than the United States of America, which has one of the hottest and strongest economies in the world.

(Yes, Trump was handed an excellent economy which had been carefully guided through the post-Covid minefield by the educated, fact-based experts in the Biden administration. Sadly for the United States, Trump’s policies are actively hurting the good economy Joe Biden left him.)

“The president sent this note to the Fed chair and says, ‘Jerome, you are as usual, too late.’”

(Jerome Powell is not “too late”; he’s doing his job. Something it would be very nice if the President might try.)

“‘You have cost the USA a fortune and continue to do so. You should lower the rate by a lot, hundreds of billions of dollars are being lost, and there is no inflation.’

(Red flags were just raised last Thursday.)

“And the President is right there is historically low inflation, thanks to his policies, and we will continue to drive down the cost of living in this country for Americans, we will continue to deregulate, and it's also incredibly important that we pass this one big beautiful bill.”

Yes, we are here thanks to his policies.

Let’s see where “here” is, shall we?

“US economy shrank 0.5% in the first quarter, worse than earlier estimates had revealed” — AP