Trump must level with the public to face down Dem fearmongering as the economy gains ground

Economic statistics don’t change anyone’s vote, but the realities behind the numbers do — so a steady barrage of good reports on inflation, jobs and growth could avert the Republican bloodbath most of the media are now gleefully anticipating in November.Just the last week has brought word that core inflation came in surprisingly lower than expected, while the first and second quarters saw more economic growth than the feds originally calculated — and jobs are growing at a steady pace.Yes, filling up the tank still costs too much, and spot grocery prices such as beef remain painful — but core inflation hit just 3% in August, so it’s still coming down from the Bidenflation stratosphere, albeit not as fast as we’d all like.Meanwhile, the latest federal data shows the economy accelerating, thanks to surging corporate investment and robust consumer spending.The Commerce Department revised its GDP growth figures up from 2.1% to 2.5% for the first quarter, and 1.5% to 2.2% for the second — and preliminary signs from July and August suggest the third quarter might near 3%.Business activity is booming at double-digit rates, driven by gross output gains that show real momentum across all stages of production — the reverse of what the “Trump’s war is killing the economy” crew insist.It’s plain that heavy investment in AI and data centers are a big part of this — investment fueled by massive corporate borrowing, which seems to be driving up long-term bond yields, a pain for others hoping to borrow but a sign of robust long-term growth.Best of all, this rising economy is lifting all boats: Poverty has dropped to a historic low while inflation-adjusted median household income hit a record high — all without the massive Biden-era handouts that triggered record price hikes.Subscribe to our daily Post Opinion newsletter! Please provide a valid email.

By clicking above you agree to the Terms of Use and Privac...

Read More 
PaprClips
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by PaprClips.
Publisher: New York Post

Recent Articles