UPDATE: President Donald Trump delivered a defiant address from the White House last night, claiming he is successfully steering the economy despite growing public disapproval. In a speech that lasted approximately 20 minutes, Trump highlighted his administration’s achievements while placing blame on Democrats for ongoing economic challenges.
Trump’s remarks come at a critical time, as a new PBS News/NPR/Marist poll reveals his approval rating on the economy has plummeted to an all-time low of 36%. Over 60% of Americans report the economy is not working well for them. Despite these figures, Trump insisted, “We’re bringing our economy back from the brink of ruin,” and promised more cash in Americans’ wallets in the new year.
The President touted price drops in essential goods like eggs and gasoline, claiming prices are now “under $2.50 a gallon.” However, current data from AAA shows the national average is actually $2.91 per gallon. Trump also declared that “inflation has stopped,” despite September’s inflation rate holding steady at 3%.
In a nod to military personnel, Trump announced a one-time “warrior dividend” of $1,776 for over 1.45 million service members, calling it a tribute to the nation’s founding. “The checks are already on the way,” he assured.
As for housing, Trump hinted at a new policy to be unveiled next year, blaming undocumented immigrants for rising costs. This claim has been widely criticized by economists, who point to housing shortages and high mortgage rates as the primary culprits. Trump’s narrative appears to sidestep impending increases in health insurance premiums for those enrolled in the Affordable Care Act, which are expected to rise by more than 100% soon.
While promoting his “Big Beautiful Bill,” Trump acknowledged that tax cuts would not benefit all families equally and highlighted the bill’s drastic cuts to programs like Medicaid and SNAP, which many low-income families rely on.
As he addressed the nation, Trump maintained a tone of urgency and determination, encouraging Americans to remain patient and hopeful. “More cash is coming your way in the new year,” he emphasized, urging citizens to trust in his administration’s economic strategies.
This address, filled with bold claims and promises, is set against a backdrop of increasing economic dissatisfaction among the public. As Trump continues to rally his base, the impact of his policies will be closely scrutinized as the country approaches the upcoming election season.
Stay tuned for further updates as this story develops.
