President Donald Trump has a good story to tell on the economy; he should be telling it, because its a sure bet the liberal media will not.
Consider the big picture: unemployment is low, real wages are rising, the stock market is high, investment is booming and inflation, though above the Federal Reserves target, came down last month, and will recede again once oil prices stabilize. (Inflation, most recently at 3.5%, and at 2.6% excluding volatile food and energy, is also significantly below the 4.95% recorded on average under President Joe Biden.)
More good news: the conservative Committee to Unleash Prosperity reports that during the first 16 months of Trumps current term, real incomes for the lowest 25% of earners increased almost $2,100, while they actually shrank under Biden.
Additionally, the Bank of America Institute writes that “total credit and debit card spending rising 6.3% year-over-year (YoY) in June – the strongest growth in over four years.” Importantly, the Institute further reports that “gaps in wage and spending growth across income groups narrowed.”
Wait! Income inequality is actually shrinking under Trump? Yes â but you sure wont hear that from Bloomberg or CNBC â theyre too busy convincing voters that Republicans are hell-bent on pumping up the wealthy at the expense of, well, everybody else.
Sure, we have challenges, as always, and especially with the cost of living being too high and housing too expensive for many Americans. But, overall, the economy is in pretty good shape.
FOX NEWS POLL: MOST RATE THE ECONOMY NEGATIVELY, INCLUDING HALF OF REPUBLICANS
Thats not what most people think. A new survey from CNBC shows “61% of the public is pessimistic about the current state of the economy and about the outlook for the future.” A Washington Post-Ipsos poll puts the presidents approval rating on the economy at a dismal 33%.
Why the disconnect? I blame the incessant negativity of the Trump-hating media and also the inability of many Republicans to articulate the benefits of lower taxes and lighter regulations, the presidents signature agenda. If your own team cant sell your successes, youre in trouble.
For instance, GOP candidates should be talking up the Trump accounts. Over 6 million children have already signed up for these deferred investment accounts, of which 1.4 million qualify for a $1,000 contribution from the Treasury.
Dell CEO Michael Dell who, with his wife Susan, donated $6.25 billion to the program, said, “What the research shows us, pretty clearly, is that when a kid has even a small account in their name, they start to see themselves differently, and that shows up in graduation rates, in homeownership, in the businesses they start. Thats not just a financial outcome â its a mindset shift.”
What could possibly be more transformational than giving millions of American children the opportunity to invest for the future and introducing them to the magic of compound interest? This is the best of Trump: inventi
