Trump's "greatest economy" claim collides with rising gas and inflation data
Guardian and NYT reporting shows voters souring on the economy as gas prices, inflation and interest rates climb ahead of the midterms.
What to know
- Gas prices have risen about 50% since the war with Iran began, reaching a national average of $4.47 per gallon.
- Inflation stands at 3.4%, up from 3.0% when Biden left office, with prices rising faster than wages.
- 73% of Americans rate the economy as fair or poor, and 71% disapprove of Trump's handling of the cost of living, according to polling cited in the reporting.
- The Federal Reserve raised interest rates over inflation concerns, while GDP growth slowed to a 1.5% annual rate in the second quarter.
“We have the greatest economy in history”
Donald Trump, US President · White House press gaggle, reported by The Guardian ↗ · Sep 27
Donald Trump US PresidentDarrick Hamilton Chief economist, AFL-CIOKush Desai White House spokesman
How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts
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White House defends Trump's economic record
White House spokesman Kush Desai responds to the criticism by pointing to private-sector job growth and investment while framing price increases as temporary disruptions from the Iran conflict.
“President Trump has always been clear about temporary disruptions as a result of the Iran conflict, but the Trump administration has remained laser-focused delivering on the president's long-term economic agenda on the home front.”
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Trump’s tariffs and his war against Iran caused prices to to rise, but the US president continues to claim it’s ‘the greatest economy in history’
2 more of the top 3 · 3 posts in this stretch
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🔴 BREAKING Trump's Economic Boasts Contradicted by Rising Inflation and Gas Prices Ahead of Midterms As US midterms approach, Donald Trump claims the US has the 'greatest economy in history,' despite inflation being higher and gas prices rising 50% since the war with Iran began. A Federal Reserve rate hike and polls showing 73% of Americans view…
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https://www. europesays.com/us/1088179/ As the US midterms approach, Trump’s boasts on the economy fall flat with voters | US economy # Business # Economy # UnitedStates # UnitedStates # US
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Guardian details gap between Trump's economic boasts and the data — The Guardian lays out data showing inflation running at 3.4%, gas prices up roughly 50% since the Iran war began, GDP growth at a modest 1.5%, and consumer sentiment near record lows, alongside polling that 73% of Americans call the economy fair or poor and 71% disapprove of Trump's handling of the cost of living.
- 1 day quiet
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NYT reports gas and mortgage costs weighing on Trump ahead of midterms
The New York Times reports that high gas prices and rising mortgage rates are becoming a political liability for Trump as the war in Iran drives up costs for Americans even as he touts economic strength abroad.
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first by NYT, 2d ago · also NYT Business
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Also covered reported alongside — the timeline has no entry for these yet
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first by The Guardian, 14h ago · also Guardian