LIZ PEEK: Trump’s economic wins are real — now he needs to convince the country |
'America Reports' panelists Robert Wolf and Steve Moore discuss how both parties will fare in midterm elections.
Americans are not being told the truth about the economy. Hint: it is growing, investment is increasing, real incomes are rising and inflation is lower than it was a year ago, and considerably below where it was in 2022 and 2023.
Democrats and their media henchmen spin economic developments in the worst possible light, trying to scare voters and undermine the White House. President Donald Trump, responding to polls showing Americans unhappy with his stewardship, is trying to set the record straight.
He has a good story to tell and is frustrated that the country is not applauding our lower trade and fiscal deficits, growth above 4% and record energy production. But he undermines his own story by exaggerating his successes. In a speech at the World Economic Forum in Davos, for instance, Trump said that the U.S. has "virtually no inflation" and that grocery prices are coming down. That isn’t true. Inflation is not yet down to the Fed’s 2% goal, and except for gasoline and eggs, very few prices have actually declined.
CNN CALLED OUT FOR FRAMING OF INFLATION UNDER TRUMP VERSUS BIDEN IN VIRAL POST
Trump has the high ground here and should not cede it by straying from the facts. Democrats yap about affordability, but their every policy — high taxes, cumbersome regulations, climate zealotry — raise the cost of living. That’s why blue cities rank as the most expensive places on Earth to live.
Painting the economy with a dark brush, as the liberal media does, has real-world consequences. Confidence sinks and the consumer........