{"id":1052786,"date":"2025-05-06T13:59:12","date_gmt":"2025-05-06T17:59:12","guid":{"rendered":"https:\/\/democrats.org\/?p=1052786"},"modified":"2025-05-06T13:59:12","modified_gmt":"2025-05-06T17:59:12","slug":"lies-vs-facts-bessent-wont-take-responsibility-for-trumps-failing-economy","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/lies-vs-facts-bessent-wont-take-responsibility-for-trumps-failing-economy\/","title":{"rendered":"LIES vs. FACTS: Bessent Won\u2019t Take Responsibility for Trump\u2019s Failing Economy"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Donald Trump\u2019s economy is a total trainwreck: Grocery prices are skyrocketing, the job market is plummeting, and economists are bracing for a <\/em>\u201cserious Trump recession.\u201d<\/em><\/a> While Treasury Secretary Scott Bessent <\/em>attempts<\/em><\/a> to spin Trump\u2019s failing economy before Congress, hardworking Americans struggle to make ends meet \u2014 with no relief from the Trump administration.  <\/em><\/p>\n\n\n\n

Luckily for Trump and his team, we brought the receipts: <\/em><\/strong><\/p>\n\n\n\n

LIE: <\/strong>Scott Bessent claimed there was nothing to suggest Trump\u2019s economy was already headed into a recession.<\/p>\n\n\n\n

FACT: <\/strong>The GDP contracted<\/a> in the first quarter \u2013 signaling the US could already be in a recession.<\/p>\n\n\n\n

LIE: <\/strong>Bessent said Trump lowered the cost of goods and energy prices.<\/p>\n\n\n\n

FACT: <\/strong>Thanks to Trump, grocery<\/a> and electricity<\/a> prices reached record highs, while gas<\/a> prices remain elevated.<\/p>\n\n\n\n

LIE: <\/strong>Bessent tried to brag about job gains under Trump.<\/p>\n\n\n\n

FACT: <\/strong>Monthly job gains are down<\/a> over 50% compared to the last administration, and layoffs have spiked<\/a> to the highest level in five years.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Donald Trump\u2019s economy is a total trainwreck: Grocery prices are skyrocketing, the job market is plummeting, and economists are bracing for a \u201cserious Trump recession.\u201d While Treasury Secretary Scott Bessent attempts to spin Trump\u2019s failing economy before Congress, hardworking Americans struggle to make ends meet \u2014 with no relief from the Trump administration.   Luckily for […]<\/p>\n","protected":false},"author":293,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1052786","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nLIES vs. FACTS: Bessent Won\u2019t Take Responsibility for Trump\u2019s Failing Economy - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/lies-vs-facts-bessent-wont-take-responsibility-for-trumps-failing-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-06T17:59:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" \/>\n<meta name=\"author\" content=\"Shelby Reese\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shelby Reese\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/lies-vs-facts-bessent-wont-take-responsibility-for-trumps-failing-economy\/\",\"url\":\"https:\/\/democrats.org\/news\/lies-vs-facts-bessent-wont-take-responsibility-for-trumps-failing-economy\/\",\"name\":\"LIES vs. FACTS: Bessent Won\u2019t Take Responsibility for Trump\u2019s Failing Economy - 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