Trump Focuses on Economic Strength Ahead of Midterms
Donald Trump, the President of the United States, gave his third speech about the economy this month in North Carolina. He talked about how well his government has been doing with money. He told the throng that America’s economy was stronger and more solid than before.
He said that his leadership had kept inflation under control and that the country was entering a new period of financial development and prosperity.
Inflation Reported Easing as Wages Outpace Prices
Trump said that inflation had “stopped” and was happy that earnings were increasing faster than prices for the first time in years. He noted that after years of economic turmoil, this was a big step forward.
He said that recent official data showed that annual inflation dropped to 2.7% in November, which is a good sign for consumers and companies across the country.
Democrats Target Affordability as Election Issue
Trump talked a lot about how great his record was, but Democrats have made inflation and affordability two of the main topics in their midterm campaign. They say that the costs of housing, food, and health care are still too high for millions of people.
The president said these assertions were just political exaggerations and that the idea that the economy was bad was “a hoax” meant to hurt his administration’s performance.
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Public Confidence in Trump’s Economic Leadership Falters
Even though Trump talks a lot about how great things are going, surveys reveal that people are losing faith in his ability to run the economy. A poll by AP-NORC in the middle of December indicated that only 31% of Americans support his economic ideas.
This is a big dip from March, when 40% of people said they liked how he was handling the economy.
White House Defends First-Year Economic Achievements
Earlier this week, Trump gave a rare primetime national address to back up his story about the economy. He said that after taking over from Biden, which he called “chaos,” his administration calmed the markets and helped middle-class people save more money.
He said that the stock market was going up, retirement savings were becoming stronger, and unemployment was at an all-time low as proof that his policies were working.
Policy Highlights: Tariffs, Tax Cuts, and Deregulation
The president said that his success was due to tough tariff measures, big tax cuts, and rolling down regulations to make the private sector more competitive. He said these techniques helped small firms and industries get back on their feet as the global economy hit a rough patch.
Trump also talked about new plans to cut the cost of prescription drugs, saying they were part of his administration’s vow to put “American consumers first.”
Trump Seeks Economic Momentum Before 2026 Elections
Trump wants to turn his economic messages into votes as the 2026 midterm elections get closer. The campaign’s motto, “Lower Prices and Bigger Paychecks,” supports the idea of getting back on your feet financially.
He ended his address by promising to “keep America working” and keep the economy growing through more investment, trade barriers, and wage growth programs.
