During his speech at a major business forum held in Miami, Florida, US President highlighted bright spots of the national economy that were realized during his administration this year, according to a news report by Breitbart. It should be remembered that Trump was re-elected last year and there was series of economic hardships (including the worst inflation in decades) during the four years of failed US President Joe Biden.
To put things in perspective, posted below is an excerpt from Breitbart’s news report. Some parts in boldface…
President Donald Trump touted economic bright spots–including rising wages, lowering costs of goods, and falling interest rates–during his speech at the American Business Forum in Miami, Florida, on Wednesday.
Trump noted that under his presidency, miner wages have risen by an average of almost $5,000, construction worker wages have climbed by $2,200, and factory worker wages are up $1,300.
While wages are up, prices on many key goods are falling. Trump touted Walmart’s announcement that the average Thanksgiving Dinner will see a substantial drop this year. As Breitbart News reported late last month, Walmart’s bundle to feed 10 on Thanksgiving will run just under $40, averaging about $4 per person.
This is down from the average of $7 per person under last year’s pricing, when President Joe Biden was commander-in-chief on the heels of the 40-year-high inflation his and Democrat lawmakers’ economic policies brought upon Americans.
Trump also highlighted that egg prices are down 85 percent since March. In comparison, the Biden-Harris administration oversaw a 147 percent increase from the beginning of their administration through August 2024, just months before Trump’s historic election win on November 5, the first anniversary of which was Wednesday.
Other areas of dwindling costs Trump touted included energy prices and the typical new mortgage costs, which have dropped $3,000 this year. Moreover, interest rates are down to the 3.75-4 percent range after a second-quarter point rate cut this year at the end of October, as Breitbart News reported.
Trump touted job statistics as well on Wednesday, noting that 1.9 million more natural-born Americans are employed since he took office, and all new jobs created under him have been through the private sector.
Let me end this piece by asking you readers: What is your reaction to this development? Do you think the US economy is on the verge of taking off in connection with the many positive economic developments that happened since Trump returned as President? Are Americans becoming better off economically today than four years prior?
You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.
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