On Thursday, a meme was posted to President Biden's official X page that appeared to troll former president Donald Trump over his past assertions that Joe Biden would fail to deliver for the American people on economic issues.The post depicts Biden standing with an ice cream cone in one hand whilst holding an 'L' outstretched in his other. An 'L' is slang for taking a loss. In other words, Biden is saying Trump was wrong.
Stock markets are commonly seen as important indicators of a country's overall economic health, so the fact they hit record highs this week could suggest that the economy are improving.In simple terms, Biden was right—there has been no stock market crash during his presidency, contrary to what Trump said before the election. The following chart shows the DJIA since Biden was elected. While there have been rises and falls, there has not been a crash.That being said, many analyses of the U.S.