"Google searches for affordability up 110% versus a year ago. More folks searched for affordability in the last month then at any point since the great recession. It's the cost of living, most important to you right now, 36 percent. What's right behind it? The economy, 20%. He won on affordability and the cost of living in 2024 and he has completely lost the plot."
"No, he absolutely has not, Hassett said emphatically before explaining what the president means when he calls it the Democrats' affordability hoax. The fact is that inflation went up almost 10% one year when Joe Biden, over 20% as you know, over the four years, and right now the inflation rate is running maybe at about a two-and-a-half percent rate. But people lost on average about $3,000 worth of purchasing power because of Joe Biden's inflationary policies."
"Hassett continued, Already this year in Trump's economy, people have gained $1,200 in purchasing power because of the moves that we're making. MacCallum interjected, But we're still at a point, Kevin, pardon me for interrupting, and correct me if I'm wrong, with the numbers that we looked at show that inflation is still higher than wage growth. Is that true?"
Google searches for 'affordability' rose 110% year-over-year and reached their highest level since the Great Recession, with cost of living prioritized by 36% and economy by 20%. Kevin Hassett defended President Trump, calling Democratic claims an 'affordability hoax' and attributing large inflation increases to Joe Biden, saying inflation rose nearly 10% in one year and over 20% across four years. Hassett said Americans lost about $3,000 in purchasing power under Biden and that FactCheck.org shows consumer prices rose 21.5% during Biden's term while private-sector weekly earnings fell 4%. Hassett claimed a $1,200 purchasing-power gain this year; polling showed 76% rate the economy fair or poor.
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