And 10 things Democrats should pledge to do about it when they’re back in power
Friends,
Trump claimed last week on social media that “Our economy is BOOMING, and Costs are coming way down,” and that “grocery prices are way down.
Rubbish.
How do I know he’s lying? Official government statistics haven’t been issued during the shutdown — presumably to Trump’s relief (the White House said Wednesday that the October jobs and Consumer Price Index reports may never come out).
But we can get good estimates of where the economy is now, based on where the economy was heading before the shutdown and recent reports by private data firms.
First, I want to tell you what we know about Trump’s truly sh*tty economy. Then I’ll suggest 10 things that Democrats should pledge to do about it.
1. Prices continue to rise as real wages fall
While the cost of living isn’t going up as fast as it did in 2022, consumer prices are still up 27 percent since the onset of the pandemic. Wages haven’t kept up.
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