Donald Trump and his allies like to tell a certain story about the economy, among other things: That everything was a disaster when Joe Biden was president, but that it all instantly got better once Donald Trump returned to the White House.
Doing so requires ignoring anything good that happened during the Biden presidency and everything bad in Trump’s. And one of the president’s sons got that lesson in a TV appearance this week.
Eric Trump appeared on Fox Business’s The Claman Countdown on Wednesday, and he argued that “We’re getting our country back. We were in a dark spot. You covered the markets every single day.”
“Let me just be clear,” Liz Claman, the host of the show, responded to the president’s son. “Under Biden, in the last year, the S&P had 56 record highs.”
Eric Trump brutally fact-checked by Fox Business for trying to lie about Biden:
Eric: We’re getting our country back. We were in a dark spot. You covered the markets.
Fox Biz host: Let me just be clear, under Biden in the last year, the S&P had 56 record highs. pic.twitter.com/livnvMYIXt
— Ron Smith (@Ronxyz00) August 13, 2025
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Eric Trump was on the show to talk up the Trump family’s latest crypto play.
World Liberty Financial, the crypto concern connected to the Trump family, was reported earlier this week to be “exploring the creation of a publicly traded company to hold its WLFI tokens, with a fundraising target of roughly $1.5 billion.” The company lists the president as “co-founder emeritus.” On Wednesday, they made it official.
🇺🇸 Eric Trump: “Our banking system is failing – crypto is the future” 🏁
Send a wire at 4:59 PM on Friday, and it won’t arrive until Monday.
Our financial system is outdated… banks are stuck in a 9-to-5, Monday-to-Friday model. pic.twitter.com/IssgMWRO1h
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) August 13, 2025
“A cohort of investors led by World Liberty Financial is set to purchase 200 million shares in ALT5 Sigma Corporation, a Nasdaq-listed company. The proceeds will be used to build a $1.5 billion WLFI treasury, equating to roughly 7.5 percent of the coin’s total supply,” Wired reported. “Eric Trump will join the ALT5 board of directors, which will be chaired by fellow World Liberty Financial cofounder Zach Witkoff, son of Steve Witkoff, who was appointed special envoy to the Middle East by US president Donald Trump.”
The elder Witkoff, last week, was sent by Trump to meet with Vladimir Putin, leading up to his sit-down with Trump this Friday in Alaska.
Photo courtesy of the Political Tribune media library.
