Hafar1014
Diamond Member
- Sep 1, 2010
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Opinion - Sorry, Democrats — the Trump economy is taking off
Democrats’ fear-mongering about the Trump economy is looking more and more like sour grapes.
Yesterday’s CPI report, showing inflation of 2.7 percent — well below the expected 3.1 percent — was bad political news for Democrats. Since “Liberation Day” in April, when President Trump rolled out tariffs aimed at resetting global trade in favor of U.S. companies, the left and their media allies have warned voters that the White House’s actions would clobber our economy and set inflation soaring.
It hasn’t happened. The tariffs have only modestly boosted prices. Instead, the Trump agenda of higher energy production, lower budget deficits and lighter regulation has brought inflation down. While inflation averaged 5 percent annually under former President Joe Biden, and in four years jumped by nearly 22 percent, as of November it is rising at 2.7 percent.
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Would you remind me again who created the “affordability crisis?”
As inflation continues to recede from the lofty 9 percent level recorded under Biden, voters may realize just how much damage was done by Joe’s budget-busting big government spending.
Another narrative that is under fire is that Trump-backed AI is a gift to billionaires but is going to destroy U.S. employment, much like the trade pacts of the 1990s that sent jobs overseas. But two new studies counter that claim. As it turns out, AI is actually creating jobs for Americans.
In its year-end note to investors, investment firm Vanguard writes that AI is not responsible for slowing job growth. They point to data showing that “the approximately 100 occupations most exposed to AI automation are actually outperforming the rest of the labor market in terms of job growth and real wage increases
