According to President Trump, he will "make America affordable again." Throughout the campaign, he repeatedly made this promise. And now when surveys indicate that voters rate the economy and cost of living as their top concerns and blame Trump's actions for making things worse, he is mentioning it again after removing it from his vocabulary for more than eight months.
According to a senior administration official who spoke to NPR, Trump will soon tour the nation with a message that, despite some improvements, more has to be done to assist those who are struggling financially. Regarding affordability, the official—who was not permitted to comment on the record—added that "there's no finish line."
Trump hasn't acknowledged any economic anxiety thus far, preferring to brag about how well the economy and the market are doing.
At a business event in Florida last week, Trump remarked, "Record high, record high, record high," regarding the stock market.
Trump declared, "Costs are way down," at a late-night signing ceremony on Wednesday in the Oval Office. "My administration and our partners in Congress will continue our work to lower the cost of living, restore public safety, grow our economy and make America affordable again for all Americans."
For a president whose biggest electoral asset was the economy and who came back to office on a pledge to reduce expenses, Trump's affordability dilemma represents a sharp change of events.
He currently has a very low approval rating on the economy.
Following Democrats' resounding victories in last week's elections, where the cost of living was a major factor, Trump suddenly had a lot to say about "affordability." However, he has often come out as defensive and contemptuous.
Trump stated last week that "the affordability is much better with the Republicans." "The only problem is the Republicans don't talk about it, and Republicans should start talking about it and use their heads."
However, when Laura Ingraham of Fox News questioned Trump earlier this week about the growing prices of items like ground beef and coffee, he referred to it as a "con job by the Democrats."
In response to a question on why people are worried about the economy, Trump questioned whether that is actually the case.
"I think polls are fake," Trump declared. "We have the greatest economy we've ever had."
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Trump cites the thriving stock market, his tariff strategy, and promises from businesses and nations to invest in the United States to bolster his optimistic view.
This year's inflation has been steady but not particularly high, at roughly 3%. Since Trump assumed office, the price of eggs has decreased, but other necessities like coffee and ground beef have increased. The average price of gasoline in the United States is $3.09 a gallon, which is marginally more than it was at this time last year, according to Gas Buddy.
"Consumer confidence is the lowest it's ever been," Harvard economics professor Jason Furman stated. "People are really negative about inflation."
People don't like to hear that everything is great if they are having difficulties, which is a political reality and a trap for presidents.
As the country emerged from the Great Recession, Furman, a former member of the Obama administration, claims that the White House's message staff was extremely careful not to boast about the economy.
"Because they thought anything we said positive about the economy risked people thinking President Obama was out of touch," stated Furman. "When Biden was president, I didn't witness that kind of reserve.
He boasted about it quite a bit, and I believe that many people found it to be hollow. And when it comes to boasting, President Trump is even less restrained. Republican Representative Marjorie Taylor Greene of Georgia chastised Trump for his insistence that the economy is doing well. Greene claimed to give Trump credit for keeping inflation stable during an appearance on the Sean Spicer Show on YouTube.
However, that doesn't result in lower prices," Greene stated. Gaslighting the public and attempting to convince them that costs have decreased is therefore ineffective. People are truly enraged because they are aware of the prices they spend for groceries, school supplies, and children's clothing. They are aware of how much their electrical bills cost.
Instead of lecturing, she advocated for compassion.
On Wednesday, March 20, 2013, John Purry and his uncle Amos Wilson (left) hang tarps on the roof of his Pearl, Mississippi, home to conceal damage caused by a hailstorm that struck central Mississippi. Hail left holes in his roof, destroyed siding, and broke windows.
Grocery prices, home prices, and health care expenses are the three main cost issues that need to be addressed, according to former Trump economic adviser Stephen Moore.
"It is true factually that the average family has more purchasing power today than they did when Biden left office," Moore stated. People don't sense it, though. They're not experiencing the love, you know. And the only explanation I can think of is that consumers are more likely to concentrate on items whose costs are increasing.
Because earnings increased more quickly than expenses, purchasing power actually increased throughout the Biden presidency. However, voters are not in the mood to hear it now and did not want to hear it back then.
"People are kind of in a crabby mood right now when it comes to the economy," Moore stated.