Dave Portnoy takes Trump to task for sluggish – Business News
Barstool Sports founder Dave Portnoy pushed back towards President Donald Trump’s attempt to deflect blame for a shrinking US economic system — telling the commander-in-chief in a social media post, “Don’t p–s down my back and tell me it’s raining.”.
Portnoy reacted to Trump’s feedback on Wednesday following a Commerce Department report indicating that US gross home product contracted 0.3% within the first quarter of 2025 — the nation’s first financial shrinkage since 2022.
In response to the report, which got here simply as Trump marks 100 days into his second time period in workplace, the president took to Truth Social to declare that lingering results from Joe Biden’s administration have been to blame.
Dave Portnoy has been a frequent critic of President Trump. X/Dave Portnoy
“This is Biden’s Stock Market, not Trump’s. I didn’t take over until January 20th,” Trump wrote on Wednesday.
“Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers… This has NOTHING TO DO WITH TARIFFS.”
But Portnoy, a Trump voter, was unconvinced.
Posting a screenshot of Trump’s message on X, he wrote, “What’s that old expression? Don’t piss down my back and tell me it’s raining? Well that applies here. The stock market is a direct reflection of Trump’s 1st 100 days in office. Doesn’t mean it won’t get better… but this is his market not Biden’s.”
Portnoy pushed back towards President Donald Trump’s attempt to deflect blame for a shrinking US economic system. AFP by way of Getty Images
Despite his previous assist for Trump, Portnoy has grown more and more important in latest weeks as his personal investments have taken a main hit due to risky markets and the administration’s sweeping tariff coverage.
In early April, Portnoy revealed he was down almost $7 million, a determine he later revised to a staggering $20 million — roughly 20% of his web price.
“I don’t even understand these tariffs,” he admitted during an April 7 episode of the “Barstool Rundown,” during which he blasted Trump for {golfing} in Florida whereas markets slid.
The stock market has floundered since Trump took workplace on Jan. 20.
Still, the outspoken media determine’s frustration didn’t stop him from sharing a transient and pleasant exchange with Trump at UFC 314 in Miami on April 12.
As Trump made his high-profile entrance into the Kaseya Center alongside his grandchildren, he greeted a number of public figures, together with Portnoy.
The two shook arms and exchanged pleasantries. Portnoy later stated he praised Trump’s stance on water strain — a favourite speaking level for the president.
Trump’s call for endurance follows a string of sobering headlines marking his 100-day milestone.
A Wall Street Journal editorial famous that it was the worst efficiency for the Dow Jones and S&P 500 in a president’s first 100 days since Richard Nixon.
Portnoy is amongst a number of Trump supporters who’ve criticized the president for his handling of the economic system. Getty Images
Meanwhile, an ABC News/Washington Post/Ipsos ballot confirmed Trump’s approval score at simply 39%, with 72% of respondents believing his financial insurance policies are seemingly to set off a recession.
Notably, even 51% of Republicans surveyed expressed concern that Trump’s strategy may lead to additional financial decline.
Public opinion was additionally starkly unfavorable on tariffs, with 64% disapproving of his strategy.
As markets stay risky and the political temperature rises, Portnoy’s criticisms mirror a broader unease amongst conservative voters as soon as solidly in Trump’s camp.
The Post has sought remark from the White House.
