Billiejeens
Diamond Member
- Jun 27, 2019
- 52,328
- 38,400
- 3,545
While the mainstream media and Democrats looking to snatch back power in the 2026 Congressional midterms would like to do everything they can to convince the American people the economy under President Donald Trump is in a dire state, public sentiment is shifting.
Consumer prices are finally slowing after Biden-era inflation, with prices growing 2.4 percent over the past 12 months in January while average weekly earnings increased 4.3 percent according to the latest data from the U.S. Bureau of Labor Statistics. Just a month ago, inflation was growing at 2.7 percent and earnings at 3.7 percent. This moves up the estimated break-even point for exiting Biden-era inflation to the end of this year, instead of mid-2027 according to an Americans for Limited Government Foundation analysis of U.S. Bureau of Labor Statistics data.
While earnings are catching up to inflation as the Trump administration’s economic engine continues to eat away at Biden-era inflation and spark wage growth — much to the dismay of Congressional Democrats who were banking on bad economic sentiment as their key bargaining chip in November — concerns about inflation remain a persistent issue for voters.
The latest Economist/YouGov survey from Feb. 6-9 shows 26 percent of Americans — the largest share — cite inflation as their most important issue. Another 13 percent cite jobs, and the economy as their most important issue. While Americans are just beginning to feel the ease of Biden era-inflation that has plagued the economy since peak inflation in June 2022, voters are feeling much more optimistic about the economic recovery ahead.
Read More @ - To view online: Americans Project Rising Economy And Markets Over Next Six Months Thanks To President Trump
BJ-
What is important is that this turnaround in wages and fall in consumer prices isn’t due to one Trump policy, it is due to all of his policies.
Reducing taxes for small businesses, encouraging manufacturing companies to return.
Reducing crime to numbers not seen since 1900.
And deporting illegal aliens.
Consumer prices are finally slowing after Biden-era inflation, with prices growing 2.4 percent over the past 12 months in January while average weekly earnings increased 4.3 percent according to the latest data from the U.S. Bureau of Labor Statistics. Just a month ago, inflation was growing at 2.7 percent and earnings at 3.7 percent. This moves up the estimated break-even point for exiting Biden-era inflation to the end of this year, instead of mid-2027 according to an Americans for Limited Government Foundation analysis of U.S. Bureau of Labor Statistics data.
While earnings are catching up to inflation as the Trump administration’s economic engine continues to eat away at Biden-era inflation and spark wage growth — much to the dismay of Congressional Democrats who were banking on bad economic sentiment as their key bargaining chip in November — concerns about inflation remain a persistent issue for voters.
The latest Economist/YouGov survey from Feb. 6-9 shows 26 percent of Americans — the largest share — cite inflation as their most important issue. Another 13 percent cite jobs, and the economy as their most important issue. While Americans are just beginning to feel the ease of Biden era-inflation that has plagued the economy since peak inflation in June 2022, voters are feeling much more optimistic about the economic recovery ahead.
Read More @ - To view online: Americans Project Rising Economy And Markets Over Next Six Months Thanks To President Trump
BJ-
What is important is that this turnaround in wages and fall in consumer prices isn’t due to one Trump policy, it is due to all of his policies.
Reducing taxes for small businesses, encouraging manufacturing companies to return.
Reducing crime to numbers not seen since 1900.
And deporting illegal aliens.
