By Katherine Tinsley
2:56am PDT, May 30, 2025
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Ohio Senator
Bernie Moreno was recently criticized for sharing inaccurate statistics about Donald Trump's second presidency.
Throughout the president's second term, there have been concerns about his impact on the stock market and trade, but Moreno still thinks the president's plans for the nation are working.
Keep reading for the details…
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"Stock market up 10%, Egg prices down 55%, Inflation at 5-year low, Gas prices down 20%, $6 trillion+ in new US investment, and Consumer confidence highest in 4 yrs," Bernie Moreno wrote
on X on Tuesday, May 27, sharing inaccurate statistics about Donald Trump's second presidency.
"That's all in 4 months. Now Republicans in the Senate have to step up," he added.
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X users quickly corrected Bernie Moreno's statistics, which weren't accurate.
"The stock market is down 1.37%, not up 10%, since Trump took office," journalist James Surowiecki replied. "The price of gas is up 2.6%, not down 20%. Consumer confidence is lower than it was at any point in 2023 or 2024."
"Just baffling that a U.S. senator goes on Twitter to tell obvious, easily checkable lies," Surowiecki added.
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X's AI platform, Grok, also shared a message informing social media users that Bernie Moreno's claims about Donald Trump were false.
"The claim of a 10% stock market rise is false; the S&P 500 dropped ~1.37% from Jan 20 to May 27, 2025. Egg prices may have fallen, but a 55% drop lacks confirmation," Grok informed X users.
"Inflation, gas prices, investment, and consumer confidence claims need more data to verify. Current evidence suggests some inaccuracies," it added.
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One of
Bernie Moreno's claims about Donald Trump's second presidency wasn't wildly off base: The president was able to secure a $600 billion deal while in Saudi Arabia.
As
Yahoo! Finance reported last week, "Foreign governments and corporations have pledged over $6 trillion in U.S. investments, including $2 trillion from companies and $4.2 trillion from foreign governments, according to Goldman Sachs economist
Joseph Briggs."
