During a White House meeting with Hungarian Prime Minister Viktor Orban, President Trump reacted strongly to questions about affordability, dismissing concerns as a “con job” by Democrats. He insisted prices were “way down” and claimed the U.S. had more jobs and investment than any other country in history. Despite this, recent data showed rising consumer prices, including for gas, food, and energy. This response reflects the sensitivity surrounding the issue as Democrats capitalized on economic anxieties during recent elections.
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Layoffs in the U.S. surged in October to the highest level in 22 years, with over 153,000 job reductions reported, as companies increasingly adopt AI and tighten budgets. This brings the total layoffs this year to 1.1 million, rivaling those seen during the global financial crisis and the pandemic. Despite President Trump’s assertions about the economy, the report highlights a shift in the labor market. The decline in job security and increased job cuts are politically sensitive and come as voters express their economic concerns, as shown by Democratic victories in recent elections.
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During a Fox News interview, Donald Trump addressed concerns from a longtime supporter regarding high prices, specifically mentioning the need to lower beef prices and energy costs. Trump argued that energy prices are already down, and that falling energy costs would subsequently lower other prices, and he criticized Republicans for failing to emphasize affordability. He also acknowledged that not being on the ballot affected Republican performance in recent elections. Furthermore, Trump and interviewer Bret Baier noted a disparity between economic successes on Wall Street and the everyday financial struggles of people, which Republicans need to address.
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Grocery prices are, in fact, not down, despite claims to the contrary. Recent data from the Bureau of Labor Statistics shows that grocery prices are up 2.7 percent compared to the previous September, and 1.4 percent higher than when Trump returned to office. Overall, grocery prices have increased almost 30 percent in the last five years. These false statements are particularly egregious, as the president campaigned on lowering prices, and his policies have demonstrably impacted consumers.
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A recent Economist/YouGov poll reveals a decline in President Trump’s approval rating among white voters, reaching the lowest point of his second term at -3 points. This drop in support from white voters, who constitute a significant portion of Trump’s base, could pose challenges for him and the Republican Party. The poll also indicates that more Americans disapprove than approve of Trump’s handling of major issues, including the economy and inflation, with his overall approval rating at its lowest level since returning to office. Experts suggest various factors contributing to this decline, such as concerns regarding the economy and the ongoing government shutdown.
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Most Americans say the country is seriously off track. This is the prevailing sentiment, reflected in recent polls that paint a picture of widespread dissatisfaction. A significant majority, almost two-thirds of Americans, believe the nation is headed in the wrong direction. This feeling isn’t limited to any one group; it spans across demographics, touching urban, suburban, and rural communities, and resonating with people from various educational and income backgrounds. While there was a slight decrease since the 2024 presidential election, the overall negativity remains substantial.
One of the major points of contention is the economy, and the finger is being pointed squarely at Donald Trump.… Continue reading
Kerala has proudly declared itself the first Indian state to eradicate extreme poverty, as announced by Chief Minister Pinarayi Vijayan during a special legislative session. This achievement was a result of a multi-pronged approach, including an investment of over Rs 1,000 crore, providing food, medical assistance, and housing to numerous vulnerable families. The state implemented micro-level projects tailored to individual needs after identifying over 64,000 families in need. The Congress-led opposition, however, boycotted the session, calling the announcement “pure fraud.”
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A recent YouGov/Economist survey reveals that Donald Trump’s approval rating has plummeted to a record low, with 57% disapproving of his job performance. This net approval of minus 18 is the lowest of his second term, reflecting widespread dissatisfaction with his handling of the economy, inflation, and immigration. Having initially enjoyed positive economic approval, Trump’s support has eroded significantly in these areas. Notably, a majority across key demographics, including men, women, Hispanics, and young voters, disapprove of his presidency despite his claims of high approval and downplaying concerns about economic issues.
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Argentines vote in high-stakes test of Milei’s libertarian vision, a referendum on a radical economic experiment that’s been anything but straightforward. The feeling around his leadership is mixed, to put it mildly. Some see a potentially disastrous path, drawing parallels to the controversies surrounding figures like Elon Musk, highlighting concerns about rugged individualism and the potential for a kleptocracy.
The core of the problem seems to be the economic reality. While inflation has slowed, a direct result of cuts to social programs and subsidies, the economy itself has stalled. The value of the peso has plummeted, despite promises of external support, and that’s a heavy weight on the shoulders of the average citizen.… Continue reading
The Bureau of Labor Statistics reported a 3% annual consumer price growth in September, slightly exceeding August’s 2.9%. While the monthly rate fell from 0.3% to 0.2%, key categories experienced increases. This report, released despite the government shutdown, has implications for the Federal Reserve, which is expected to lower its benchmark rate. Though the inflation rate remains a concern, experts predict fewer interest rate cuts in the future than initially anticipated.
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John Q. Hosedrinker 
Matt Underwood