"Typical of Trump, he is boasting about the performance of the U.S. economy in the most hyperbolic terms. He even declared that his economy is 'the greatest ever in history' in a recent interview on Fox Business Network. He points to the stock market and allegedly low inflation to back his claim."
"Epstein explains how, in reality, Trump's policies have created an affordability crisis, and the growing deficit and humongous public debt are now bringing the country close to a tipping point."
President Trump claims the economy is booming with defeated inflation, unprecedented growth, rising incomes, and tariff revenues benefiting the U.S. However, economist Gerald Epstein disputes these assertions, characterizing them as misleading. Despite stock market performance and low inflation metrics, the economy faces a significant affordability crisis with consumer confidence at its lowest point in 12 years. The growing deficit and substantial public debt are pushing the country toward a critical tipping point. Trump attributes current economic conditions to his policies reversing Biden's inherited economic problems, but the reality reveals deeper structural challenges affecting ordinary Americans' purchasing power and financial security.
#economic-policy #affordability-crisis #inflation-and-growth #public-debt-and-deficit #consumer-confidence
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