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'There's a lot of pain': Economist reacts to Trump calling affordability crisis a 'hoax'
MSNBC· 2025-12-10 16:34
Economic Concerns & Political Implications - The discussion revolves around the US economy, focusing on affordability, inflation, and wages, with concerns that rising prices are impacting how Americans feel about the economy [2][7][8] - The President's message on the economy is being scrutinized, particularly claims about prices falling and inflation being crushed, with experts pointing out the reality of rising prices [7][8] - Affordability is highlighted as a key political issue, potentially influencing elections, similar to how healthcare impacted the 2018 elections [11][12][13] - Republicans are concerned about the President's messaging discipline, as the public's financial well-being significantly impacts their political fate [13] Trade & Manufacturing - The President defends tariffs, claiming they are reviving Pennsylvania manufacturing and steel production [13][14] - There's debate on whether tariffs are beneficial, with arguments that while raw steel production might be up, the increased cost of steel inputs negatively impacts overall manufacturing [17][18][21] - Economic data from Pennsylvania suggests a mixed picture, with flattened hiring, decreased home sales, and weakened factory activity [19] Policy Impacts & Fed Decisions - The President's policies, including tariffs, immigration policies, and changes to Obamacare, are being blamed for contributing to the affordability crisis [21][22][23] - Small businesses have reportedly shed approximately 250,000 jobs since April, potentially linked to the implementation of tariffs [24] - The Federal Reserve is expected to lower interest rates by a quarter of a percentage point (25 basis points), bringing the total decline this year to three-quarters of a percentage point (75 basis points), but tariff-related inflation may limit further rate cuts [26] - The President is considering candidates for the next Fed chair, with a focus on loyalty and a desire for lower interest rates [28][29][30]
X @The Wall Street Journal
The Wall Street Journal· 2025-12-10 14:36
President Trump touted the economy as he embarked on the first of what is likely to be a series of speeches to address voters’ concerns about affordability https://t.co/zVEX0KuOm9 ...
X @Anthony Pompliano 🌪
Anthony Pompliano 🌪· 2025-12-10 12:40
The Fed has been behind the curve for years.They incorrectly claimed that inflation was transitory in 2021, they bankrupted banks by raising rates after saying they wouldn’t, and now they are ignoring the incoming deflation.Cut rates. Stimulate the economy. ...
Trump gives his economy an "A+++++" but do voters agree?
MSNBC· 2025-12-10 11:40
Well, in a new interview with Politico, the president was asked to self-evaluate his economic policy. And rather than paraphrase, I'll give it to you straight. Here's what he said.>> I do want to talk about the economy, sir, here at home. And and I I wonder what grade you would give. >> A+ A+ plus >> A+ plus.But the actual grade that matters is less about being self-reflective and the one voters give. And according to the Real Clear polling average over the last month, 56% of Americans are disapproving of h ...
X @Bloomberg
Bloomberg· 2025-12-10 11:12
Ghana’s economy expanded at a slower pace in the third quarter as the contribution from the services and industrial sectors cooled https://t.co/9OWgpHOrFa ...
Trump gives his economy an "A+++++" but do voters agree?
MSNBC· 2025-12-10 06:07
Well, in a new interview with Politico, the president was asked to self-evaluate his economic policy. And rather than paraphrase, I'll give it to you straight. Here's what he said.>> I do want to talk about the economy, sir, here at home. And and I I wonder what grade you would give. >> A+ A+.>> Yeah. A++ plus >> A+ plus. But the actual grade that matters is less about being self-reflective and the one voters give.And according to the Real Clear polling average over the last month, 56% of Americans are disa ...
Trump touts economic policies as recent polls show disapproval
NBC News· 2025-12-10 05:57
Economy & Inflation - President Trump claims to be rapidly bringing down high prices and crushing inflation, while increasing wages and boosting the stock market and 401ks [2][3] - The report suggests that many Americans, specifically three out of five, are unhappy with the current economic situation [2] - Voters in Pennsylvania are reportedly disappointed with the state of the economy and pessimistic about the Republican-controlled Washington's ability to improve it [9] - Some voters are experiencing prices that are double or at least one and a half times what they used to be, with no perceived help from Washington [9] Political Landscape & Elections - Pennsylvania is highlighted as a crucial swing state, having flipped between Trump in 2016 and Biden in 2020 [2][7] - The political climate in a swingy section of Pennsylvania indicates that Republicans would be in trouble if key congressional races were held at the time of the report [8] - President Trump is making a case directly to voters in Pennsylvania, attempting to convince them that his policies are beneficial [2][11] Policy & Legislation - President Trump is arguing that his policies, including those passed in a tax and border bill, will help put money in Americans' pockets, potentially by early next year [6] - The Trump administration is reportedly ending the Biden-era student loan repayment plan, which was created for the lowest-income borrowers [11][12] - The student loan repayment plans were controversial due to being implemented via executive order without congressional approval, allowing a successor to reverse them [13]
Trump touts economic policies as recent polls show disapproval
NBC News· 2025-12-10 05:35
Economy & Inflation - President Trump claims to be rapidly bringing down high prices and crushing inflation, while increasing wages and boosting the stock market and 401ks [2][3] - The report indicates that many Americans, specifically three out of five, are unhappy with the current economic situation [2] - Voters in Pennsylvania are disappointed with the economy and pessimistic about the Republican-controlled Washington's ability to improve it [9] - Some voters are experiencing prices that are double or at least one and a half times what they used to be, with no perceived help from Washington [9] Political Strategy & Swing State - President Trump is focusing on the economy and affordability in his campaign-style rally in Pennsylvania, a crucial swing state [1][2] - The President believes he is being unfairly blamed for high prices and attributes the price spikes to Democrats and former President Joe Biden [5] - Pennsylvania is described as a super important swing state that Trump flipped in 2016 after Biden won it back in 2020 [7] - Republicans could be in trouble in key congressional races in swingy sections of Pennsylvania if elections were held today [8] Policy & Executive Action - Some of President Trump's policies, including those in the tax and border bill, are argued to potentially help put money in Americans' pockets, possibly by early next year [6] - The Trump administration is reportedly ending the Biden-era student loan repayment plan, which was created via executive order [11][12] - The student loan repayment plans, designed for the lowest-income borrowers, are being unwound because they were initially implemented without congressional approval [12][13]
Trump touts economic policies as recent polls show disapproval
NBC News· 2025-12-10 05:22
Economy & Inflation - President Trump claims to be rapidly bringing down high prices and crushing inflation, while increasing wages and boosting the stock market and 401ks [2][3] - The report indicates that many Americans, specifically three out of five, are unhappy with the current economic situation [2] - Voters in Pennsylvania are disappointed with the economy and pessimistic about the Republican-controlled Washington's ability to improve it [9] - Some voters are experiencing prices that are double or at least one and a half times what they used to be, with no perceived help from Washington [9] Political Strategy & Swing State - President Trump is focusing on the economy and affordability in his campaign-style rally in Pennsylvania, a crucial swing state [1][2] - The President believes he is being unfairly blamed for high prices and attributes the price spikes to Democrats and former President Joe Biden [5] - Pennsylvania is described as a super important swing state that Trump flipped in 2016 after Biden won it back in 2020 [7] - Republicans could be in trouble in key congressional races in swingy sections of Pennsylvania if elections were held today [8] Policy & Executive Action - Some of President Trump's policies, including those in the tax and border bill, are argued to potentially help put money in Americans' pockets, possibly by early next year [6] - The Trump administration is reportedly ending the Biden-era student loan repayment plan, which was created via executive order [11][12] - The student loan repayment plans, designed for the lowest-income borrowers, are being unwound because they were initially implemented without congressional approval [12][13]
BESHEAR BLASTS TRUMP for 'taking a sledgehammer' to the economy; cites lasting damage concerns
MSNBC· 2025-12-10 04:06
Economic Policy & Impact - The Governor suggests that Trump's tariff policy is causing prices to increase, negatively impacting soybean farmers, requiring a multi-billion dollar bailout [1] - The "big ugly bill" is expected to devastate rural health care and economies due to the importance of rural hospitals as major employers [1][5] - Trump's policies are seen as making life harder for average Americans, with the American dream becoming less attainable [1] - Soybean farmers are struggling due to Trump's tariffs on China, leading China to seek alternative markets [1] - The president's policies may have permanently damaged the soybean market, potentially causing long-term economic pain [2] Political Strategy & Criticism - The Governor advises Trump to campaign on his economic claims, believing that the American people know the truth about the economy [1][5] - The Democratic Governors Association (DGA) plans to win many of the 36 gubernatorial races in the coming year, aiming to change the political map [4] - Democratic governors claim to have a track record of job creation, wage increases, and healthcare expansion [6] Transparency & Accountability - The Governor calls for transparency regarding the Trump administration's deadly strikes, urging the release of legal justification and video evidence [9] - The administration's refusal to release information raises questions and suspicions [11]