Contrary to Trump’s claims, the economy was strong under the Biden administration, marked by low unemployment, declining inflation, and rising wages. However, Trump’s policies, including tariffs, immigration restrictions, and research cuts, fueled inflation and labor shortages. Planned cuts to Medicaid, food assistance, and increased ACA premiums are set to strain public services, compounding the economic difficulties. Therefore, the current economic struggles can be attributed to Trump’s actions rather than the state of the economy he inherited.
Read More
While the latest economic data indicated strong growth exceeding 4%, a closer examination reveals a “split economy.” Primarily, the growth is fueled by spending from the top 20% of income earners, contrasting sharply with the struggles faced by those in lower income brackets, who are increasingly relying on buy-now-pay-later options. Further analysis highlights stagnant income growth for workers, with gains predominantly concentrated at the top of the income ladder. Consequently, a divergence is emerging where wealthy Americans’ take-home pay is rising significantly faster than that of poorer households, contributing to souring public sentiment on the economy despite the headline GDP figures.
Read More
Upon his return to office, President Trump initially proclaimed the immediate arrival of a “golden age” for America, a claim seemingly adjusted later to a timeline of six months to a year. Despite promises of rapid improvements in jobs and prices, the economy has faced challenges in 2025. Job growth has stalled, and unemployment has risen, while inflation remains persistent, contrasting with the president’s assertions of economic success. The administration has implemented significant tariff hikes, which economists warn could lead to higher prices for Americans.
Read More
According to National Economic Council director Kevin Hassett, President Trump bases his positive economic claims on specific areas where progress has been made, rather than overall economic indicators. Hassett explained that Trump focuses on items like prescription drugs and gasoline, which have seen price decreases, to support his claims of falling prices. This approach, however, contrasts with data showing a rise in consumer prices and personal consumption indices. Many viewers interpreted Hassett’s statements as an admission that the president is only exposed to selective data.
Read More
Consumer sentiment in the United States has plummeted to a near-record low, reflecting a deteriorating view of current economic conditions under the current administration. The University of Michigan’s Surveys of Consumers revealed a widespread decline in sentiment across various demographics, with the exception of those with significant stock holdings. The “current economic conditions” index also hit an all-time low. This decline is attributed to concerns about the government shutdown, rising costs, and potential job losses, particularly affecting middle- and lower-income Americans.
Read More
The August jobs report revealed the weakest labor-market gain in five years, with the unemployment rate rising and long-term unemployment reaching its highest level in nearly a decade. A particularly concerning trend is the rise in Black unemployment, which has disproportionately impacted Black Americans, with unemployment reaching its worst levels since 2021. This downturn is linked to government firings, DEI rollbacks, and specific sector declines, especially in trade, transportation, and manufacturing. Historically, the economic struggles of Black workers often foreshadow broader economic issues, making the current situation a cause for alarm and potential further negative impacts on the economy.
Read More
Donald Trump’s economy falters as US jobs growth grinds to a halt. The situation is becoming increasingly clear: the economic landscape under Donald Trump is shifting, and the job market, a key indicator of economic health, is struggling. The narrative of a robust economy, often touted, now faces the stark reality of slowing job growth.
The data suggests the labor market is a lagging indicator, reflecting the strain felt by those seeking work. Personal anecdotes highlight the difficulties in finding employment, suggesting that the positive economic figures previously reported don’t paint the full picture. The manufacturing sector, in particular, continues to shed jobs, seemingly unaffected by protectionist measures such as tariffs, which, as some point out, don’t offer the promised benefits.… Continue reading
A recent survey conducted by The Times revealed American voters view President Trump’s actions to arrest and deport immigrants as his most significant achievement. While nearly half of respondents graded Trump’s second term positively, they also identified inflation as the most pressing issue. The poll highlighted widespread concern over Trump’s tariff policy, with a majority believing it will negatively impact the country’s prosperity, and overall job performance approval has declined slightly. Interestingly, support for a third party led by Elon Musk is low, and his popularity has decreased since leaving the administration.
Read More
A second Trump administration has swiftly and severely damaged the United States, exceeding even the most pessimistic predictions. His “MAGAnomics” policies, particularly extreme tariffs, have crippled trade, causing inflation and potential widespread economic collapse. Simultaneously, drastic cuts to social programs are exacerbating poverty, while the dismantling of government institutions threatens essential services. Furthermore, a systematic assault on scientific research and intellectual inquiry is permanently undermining American leadership in these crucial areas.
Read More
Donald Trump’s focus on immediate gratification, rather than long-term consequences, is jeopardizing his economic legacy. His erratic trade policies have created significant economic uncertainty, leading to market turmoil and declining consumer confidence. Consequently, a majority of Americans now attribute the current economic struggles to Trump’s actions, a stark contrast to the comparatively low blame placed on Obama during the 2008 recession. This mounting public dissatisfaction poses a significant threat to his reelection bid, as he is increasingly held accountable for the negative economic realities facing the nation.
Read More
John Q. Hosedrinker 
Matt Underwood