President Trump and his administration have dismissed growing concerns over affordability as a "Democratic sham," despite rising costs of living and polls that show voters increasingly blaming him for the economic woes.
In a recent social media post, Trump claimed that prices are dropping, contradicting data from the Bureau of Labor Statistics' Consumer Price Index, which shows inflation accelerating. The index reveals that costs of most goods and services have risen since last year, with increases in food, electricity, utility gas, cars, medical care, shelter, and transportation.
In contrast to the data, Trump's Commerce Secretary, Howard Lutnick, insisted that "nothing bad is happening" and that the economy is doing great. However, Lutnick also criticized Federal Reserve Chairman Jerome Powell, who has implemented interest rate cuts three times since September, calling him "too afraid" to cut rates.
Meanwhile, polls are showing a stark opposite picture. An AP-NORC poll found that 70% of respondents believe the economy is in bad shape, and only 31% of adults approve of Trump's handling of the economy – the lowest economic marks he has ever received in this poll.
A Politico poll released last week showed that 46% of Americans believe increasing affordability issues are Trump's responsibility. Additionally, reports indicate that 43% of Americans believe economic opportunity has declined compared to previous years.
The issue of affordability is becoming increasingly pressing for many households, with groceries posing the biggest financial strain (45%), followed by housing (38%) and healthcare (34%). As the costs continue to rise, voters are growing increasingly disenchanted with Trump's handling of the economy.
In a recent social media post, Trump claimed that prices are dropping, contradicting data from the Bureau of Labor Statistics' Consumer Price Index, which shows inflation accelerating. The index reveals that costs of most goods and services have risen since last year, with increases in food, electricity, utility gas, cars, medical care, shelter, and transportation.
In contrast to the data, Trump's Commerce Secretary, Howard Lutnick, insisted that "nothing bad is happening" and that the economy is doing great. However, Lutnick also criticized Federal Reserve Chairman Jerome Powell, who has implemented interest rate cuts three times since September, calling him "too afraid" to cut rates.
Meanwhile, polls are showing a stark opposite picture. An AP-NORC poll found that 70% of respondents believe the economy is in bad shape, and only 31% of adults approve of Trump's handling of the economy – the lowest economic marks he has ever received in this poll.
A Politico poll released last week showed that 46% of Americans believe increasing affordability issues are Trump's responsibility. Additionally, reports indicate that 43% of Americans believe economic opportunity has declined compared to previous years.
The issue of affordability is becoming increasingly pressing for many households, with groceries posing the biggest financial strain (45%), followed by housing (38%) and healthcare (34%). As the costs continue to rise, voters are growing increasingly disenchanted with Trump's handling of the economy.
, can't he just admit that inflation is outta control?! i mean, 70% of ppl think the economy is in bad shape? that's not even close to being "just a democratic sham" 
he needs to get his facts straight and stop tweeting nonsense. and what's up with this commerce sec dude, saying nothing bad is happening when the data says otherwise 
meanwhile, the fed chief is trying to do something about it but trump's all like "nope, can't trust u" 
I think Trump's people are trying to spin this one, but it's not working. The numbers don't lie, inflation is on the rise 
and people can feel it in their pockets. I mean, 70% of Americans think the economy is in bad shape? That's a major red flag 
. And it's not just about affordability, it's about opportunity too - 43% of folks believe economic chances have declined under Trump. It's like they're saying "nothing bad is happening" but that's just not true 
. The fact that polls are showing such low approval ratings for him on the economy must be making his team nervous 
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. He's just not listening to anyone, it's like he's living in a bubble 
. People are literally struggling to afford basic stuff like food and housing, and he's over here saying prices are dropping? That's just crazy talk 
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. And only 31% approve of Trump's handling of the economy? Yeah, that's not exactly a ringing endorsement 
.
My family is literally struggling to make ends meet and it's not even close to getting better 
. The prices keep going up and up, especially on groceries and housing 
. It's like Trump and his team are living in a bubble, refusing to acknowledge the reality of what's happening outside. I mean, come on 70% of people think the economy is bad? That's way more than half, dude! 
Even my friends who voted for him are like "what happened?" 
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? Like, come on! The data says otherwise. I'm not saying he's the best at handling the economy or anything (I mean, have you seen his tweets about it?), but at least be honest, right? It feels like he's just trying to spin things to make himself look good, instead of actually listening to what people are going through.
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. He keeps saying prices are dropping but let's be real, that's not what the numbers are showing. The data from the Bureau of Labor Statistics is clear: inflation is on the rise and people are feeling it 
. It's getting to the point where people are actually starting to hold him accountable 
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. 70% of respondents think the economy is in bad shape? yeah, that's not hard to believe considering how much it's cost the average person. trump needs to stop making stuff up and start listening to what the people are saying 
.