LIZ PEEK: The Trump economy is doing better than the media want to admit
President Donald Trump has a good story to tell on the economy; he should be telling it, because it’s a sure bet the liberal media will not.Consider the big picture: unemployment is low, real wages are rising, the stock market is high, investment is booming and inflation, though above the Federal Reserve’s target, came down last month, and will recede again once oil prices stabilize. (Inflation, most recently at 3.5%, and at 2.6% excluding volatile food and energy, is also significantly below the 4.95% recorded on average under President Joe Biden.)More good news: the conservative Committee to Unleash Prosperity reports that during the first 16 months of Trump’s current term, real incomes for the lowest 25% of earners increased almost $2,100, while they actually shrank under Biden.BESSENT CREDITS TRUMP IMMIGRATION POLICIES WITH HELPING RETURN JOBS TO AMERICANS AS WAGE GAINS RESUMEAdditionally, the Bank of America Institute writes that "total credit and debit card spending rising 6.3% year-over-year (YoY) in June - the strongest growth in over four years." Importantly, the Institute further reports that "gaps in wage and spending growth across income groups narrowed."Wait!
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President Donald Trump has a good story to tell on the economy; he should be telling it, because it’s a sure bet the liberal media will not.Consider the big picture: unemployment is low, real wages are rising, the stock market is high, investment is booming and inflation, though above the Federal Reserve’s target, came down last month, and will recede again once oil prices stabilize. (Inflation, most recently at 3.5%, and at 2.6% excluding volatile food and energy, is also significantly below the 4.95% recorded on average under President Joe Biden.)More good news: the conservative Committee to Unleash Prosperity reports that during the first 16 months of Trump’s current term, real incomes for the lowest 25% of earners increased almost $2,100, while they actually shrank under Biden.BESSENT CREDITS TRUMP IMMIGRATION POLICIES WITH HELPING RETURN JOBS TO AMERICANS AS WAGE GAINS RESUMEAdditionally, the Bank of America Institute writes that "total credit and debit card spending rising 6.3% year-over-year (YoY) in June - the strongest growth in over four years." Importantly, the Institute further reports that "gaps in wage and spending growth across income groups narrowed."Wait! Income inequality is actually shrinking under Trump? Yes – but you sure won’t hear that from Bloomberg or CNBC – they’re too busy convincing voters that Republicans are hell-bent on pumping up the wealthy at the expense of, well, everybody else.Sure, we have challenges, as always, and especially with the cost of living being too high and housing too expensive for many Americans.
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Why it matters
A world story we're tracking; its significance and source trust firm up as more outlets confirm it.
- What's the story?
- President Donald Trump has a good story to tell on the economy; he should be telling it, because it’s a sure bet the liberal media will not.Consider the big picture: unemployment is low, real wages are rising, the stock market is high, investment is booming and inflation, though above the Federal Reserve’s target, came down last month, and will recede again once oil prices stabilize. (Inflation, most recently at 3.5%, and at 2.6% excluding volatile food and energy, is also significantly below the 4.95% recorded on average under President Joe Biden.)More good news: the conservative Committee to Unleash Prosperity reports that during the first 16 months of Trump’s current term, real incomes for the lowest 25% of earners increased almost $2,100, while they actually shrank under Biden.BESSENT CREDITS TRUMP IMMIGRATION POLICIES WITH HELPING RETURN JOBS TO AMERICANS AS WAGE GAINS RESUMEAdditionally, the Bank of America Institute writes that "total credit and debit card spending rising 6.3% year-over-year (YoY) in June - the strongest growth in over four years." Importantly, the Institute further reports that "gaps in wage and spending growth across income groups narrowed."Wait!
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- just now ago.
How outlets are framing the same story
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LIZ PEEK: The Trump economy is doing better than the media want to admit
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