You're one of those low information types I see........
The picture President Donald Trump painted Wednesday night contrasts with what Americans say they feel.
www.pbs.org
The picture Trump painted contrasts with what Americans say they feel. Just
36% of Americans polled in December by NPR/PBS News/Marist said they approve of how he is handling the economy, and more than 1 in 3 said their personal finances had deteriorated in the past year. Consumer confidence is near the lows reached when inflation was around 9% in mid-2022 under President Joe Biden.
The picture Trump painted also skewed the facts. Trump exaggerated, by trillions of dollars, the amount of expected
foreign investment he has attracted to the U.S. He
overstated the historic scale of tax cuts in his domestic spending law and its
savings for older Americans, and he repeated false talking points about the
number of immigrants in the country illegally and
their origin. He said crime has been at record levels, but violent crime rates were roughly
twice as high in the early 1990s.
Trump: “Inflation has stopped, wages are up, prices are down.”
Inflation hasn’t stopped. Wages are up. Prices, which are measured by inflation rates, aren’t down.
The most recent inflation data — which will be superseded by new data released Dec. 18 — shows that prices increased by 3% year over year in September. That’s not zero, and it’s above the Federal Reserve’s target of 2% inflation. It’s also exactly where year-over-year inflation stood when Trump took office in January.
Trump: I have worked to “slash prices on drugs and pharmaceuticals by as much as 400, 500, and even 600%”
Trump has made similar claims before —
citing decreases as high as 1,000% — but price cuts this large are
not mathematically possible.
A 100% reduction would mean that a consumer pays nothing for a medication.
Trump: “In honor of our nation’s founding in 1776, we are sending every soldier $1,776.”
The cost for more than 1.45 million service members to receive these checks would come to $2.58 billion. It was not immediately clear where that money would come from, though Trump said, “We made a lot more money than anybody thought” from tariffs.