In a Truth Social post on March 8, President Trump told Americans high gas prices were temporary, as he wrote: “Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace. ONLY FOOLS WOULD…
At a recent address to the Detroit Economic Club, the President proclaimed a “Trump Economic Boom.” He declared that “inflation is defeated” and “economic growth is at an all-time high.” In characterizing this remarkable transformation of the economy he boasted: “By almost every metric, we have quickly gone from the worst numbers on record to…
Political pundits commenting on the November 4 midterm elections almost universally agree that Americans are dissatisfied with Trump’s efforts to bring down high prices and inflation. Despite his many promises for “day one” results, and despite his repeated claims of success, most voters aren’t feeling it. Alas, the surge in the percentage of Americans living…
As you probably know, President Trump recently fired Erika McEntarfer, the Commissioner of Labor Statistics claiming she “rigged” recent monthly job reports to make Republicans and him look bad. His Truth Social post said she, “faked the Jobs Numbers before the Election to try and boost Kamala’s chances of Victory.” Without providing evidence of specific…
If you weren’t alive in the 1980’s, you missed the birth of an iconic American catchphrase: “Where’s the beef?” The expression comes from a 1984 Wendy’s TV commercial featuring three elderly women inspecting a very large hamburger made by a competitor (click here if you’re curious). As they look under the bun, a ridiculously small…
On April 30, the Bureau of Economic Analysis (BEA) reported that the Gross Domestic Product (GDP) for the first quarter of 2025 came in at a negative 0.3% (-0.3%). This decline in GDP over the quarter (January, February, and March 2025) was the first in three years. As to this troubling news, Trump asserted, “This…
White House Press Secretary Karoline Leavitt recently made some dire comments about the county going bankrupt and ceasing to exist. Here are her words from yesterday (March 31): “President Trump’s entire cabinet is trying to save democracy. The United States of America will cease to exist. Our Government will fail if we continue to go down…
On the campaign trail, candidate Trump promised to produce a booming economy that beat back inflation and restored low prices. Many independents and even some Democrats joined Republicans in voting for him because they believed he was the better candidate when it came to the economy. And, of course, many were lured to vote for…
In the early going, President Trump hasn’t made much headway delivering on economic promises that got him elected. Especially on inflation and prices, he and his team are attempting to reset the discussion. They explain the promises will be kept, but that necessary changes take time and the transition could be temporarily disruptive. The question…
If you believe what President Trump and his people are saying about the economy, I can see why you support him. But since he entered office, the economy has begun to wobble. Consequently, his propaganda machine is now in overdrive trying to convince Americans he is doing great things. While you may be one…