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Trump’s claims of ‘affordability’ won’t address his genuine economic issues

Trump’s claims of ‘affordability’ won’t address his genuine economic issues

Are affordability issues making President Trump seem inconsistent?

“I don’t want to hear about low prices!” President Trump stated during a Fox News interview last month, contradicting claims that Thanksgiving dinner would be 25% cheaper in 2024.

Following some harsh critiques from Democratic candidates aimed at their Republican rivals during the recent elections, Trump proclaimed on Truth Social on November 29, “I’m the Affordability President. Speak it loud and proud!”

In a Cabinet meeting at the White House, he derided concerns about affordability, labeling them a “hoax” and a “Democrat scam.”

Is it possible that his conclusions stem from discussions with people at Mar-a-Lago, or something else entirely?

The term “affordability” captures the struggle he faces with a significant issue for his administration.

A recent Gallup survey indicated that only 36% of Americans approve of Trump’s handling of the economy. Moreover, a Fox News poll revealed that 76% of voters disapprove of his economic policies—worse than Joe Biden’s approval ratings at the end of his presidency.

The White House seems to believe that more criticism will improve the situation. But isn’t the Trump administration focusing its economic messages solely on individuals who might have struggled with basic math?

“Drug prices are falling to levels we’ve never seen before, like 500%, 600%, 700%,” he claimed on Truth Social last month.

However, it seems drug prices can’t realistically decline by more than 100%, unless people are compensated for taking free medication.

The truth is, prescription drug prices have actually increased by about 2% this year, as per federal data. Recently, Trump pointed to a reduction in prices for Ozempic and similar medications, referring to them dismissively as “fat pills for fat people, FAT.” Yet this alone hasn’t resulted in a drop in overall drug costs.

President Trump appears to speak about tariff revenues as if they were magical, increasing with every desire expressed.

“In the not-too-distant future, we won’t even be paying income taxes because of the money we’re receiving from tariffs. It’s enormous,” he stated on Tuesday.

Yet, despite high tariffs, federal income tax revenues are seven times more significant than revenues from customs.

Will Trump promise everyone a free pony next?

His approach to promoting economic success resembles a struggling magician whose tricks are so poor that the audience starts to heckle.

During a recent White House event, he unveiled a deregulation initiative titled “Freedom is an Affordable Car,” claiming it could cut the price of new vehicles by $1,000. He pledged to “make it more affordable to buy a car.”

However, potential benefits from deregulation appear insignificant next to the impact of Trump’s tariffs. New car prices reached a record high of $50,080 in September, reflecting nearly a 4% rise from the previous year.

Volkswagen raised the prices of new models by up to 6.5%. According to Kelley Blue Book, customers could expect price increases of nearly $6,000 on cars priced below $40,000 due to tariffs.

Many of Trump’s touted achievements seem to exist only in his imagination.

Last month, he stated that “grocery supplies are way down.” In reality, grocery prices have risen about 3% this year, with coffee, beef, and other essentials increasing substantially.

Is he echoing Biden’s perspective with his own twist: “Don’t believe what you see at the grocery store!”?

The president seems to want people to give up parts of their American dreams just so he can continue his tirades.

Growing up in the Appalachian Mountains, I saw many people take pride in homeownership. Even if it was just a modest cabin and some land, owning a home defined wealth in a way.

Now, younger generations looking to buy houses find themselves in a tough spot. In place of Marie Antoinette’s infamous suggestion, Trump appears to be saying, “Let them be serfs,” promoting 50-year mortgages that ensure many won’t own their homes until they near retirement.

“It’s no big deal!” Trump remarked. “People who were in their 30s and 40s are now in their 50s. That’s not a major issue.”

Will he adopt the controversial philosophy from the World Economic Forum, implying that people could be happy without ownership?

Or perhaps he might suggest that solving the housing crisis involves seizing valuable urban land at discounted prices, much like he did in Atlantic City.

Now, Trump is not simply running against “Sleepy Joe Biden.” Instead, he’s up against reality. It’s impossible to dismiss economic data any more than one can mock lawmakers or journalists.

His presidency risks facing significant challenges if he continues fostering cynicism and discontent by claiming that his policies are harming families.

As James Bovard expressed in “Lost Rights: The Destruction of American Freedom.”

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