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Donald J. Trump @realDonaldTrump - Stephen Moore @StephenMoore
The Trump Economy is booming.
Q4 growth nearly 5.5%, inflation down to 2.7%, median family income up
$2,500, gas prices low.
Democrats can no longer deny this simple fact: Trump's policies are
making life more affordable.
https://truthsocial.com/@realDonaldTrump/posts/115976069795226326
Donald J. Trump @realDonaldTrump - Video: Steven Moore, former economic advisor to President Trump is with us now to talk about this.
So that is a startling number, consumer confidence, worse than when Trump unveiled his tariffs, worse than it was in the throes of the pandemic.
How big of a problem is this?
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Well, there's a perception and a reality on the economy, and certainly the perception has been poor.
I mean, Trump has been underwater on the economy now with voters for no matter what poll is taken.
And yet, as I look at the facts of the economy, it is a booming economy. You know, the latest report is almost 5.5% growth in the fourth quarter, which is an incredible number.
We haven't seen that in recent memory.
We've got gas prices down.
Inflation is headed down to the 2% target.
Median family income last year was up 2,500.
Those are people in the exact middle adjusted for inflation.
I mean, I could go on and on with the positive elements of this story. And yet.
For some reason, Americans aren't feeling the love.
And that's a problem for the Republicans.
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Isn't that because people don't experience the economy, right?
They experience their own sort of financial ecosystem in which they personally live.
And there are people with a lot of those that are pretty terrible right now. We've got this K-shaped kind of economy.
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Yeah, right. That's what they're calling it. It's not a K-shaped recovery.
I mean, if you look at the census numbers on what happened last year, with the economy through December, they're really good.
I mean, lower income people had rises in income.
Middle income people had rises and upper income people.
So I think one of the things people are kind of focusing on the things that are going up in price, as, you know, we all do.
You know, if you get steak at the grocery store, that costs a lot.
Your health care costs a lot.
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I mean, let's steak aside, Steven. Ground beef is crazy high.
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It is. Yeah, that's what I'm saying. I mean, beef and ground beef.
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Let's get some beans because the ground beef is too high.
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And yet the official inflation rate. Right now is 2.7 percent, which is still too high, but it's come down a lot.
So I guess I'm a little mystified about why people are so angry when we've got an economy that is doing so well.
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I'm not. OK, I'll tell you why I'm not mystified, because it had dipped significantly under Biden.
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Yes.
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And yet people were still very upset. So we've been to this circus before. We know how we know how people experience it.
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But as a Trump guy, I would just simply say this.
You know, if you're mad about. The price of groceries, you're mad about the health care costs or if you're mad about the cost of housing and other things, you know, if you look at the objective facts, about 86 percent of that increase did happen under Biden, not Trump.
And so there's a kind of lingering resentment about how much things cost.
But guess when that happened?
It would happen mostly during the four years Biden was president.
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