President Trump constantly blusters as if he deserves the Nobel Prize for Economic Triumphs, just like he supposedly deserved the Nobel Peace Prize. Last week in a speech in Iowa, he doubled down on his triumphs by referring to himself in the third person:

“Just after one year of President Trump, our economy is booming…. Incomes are rising. Investment is soaring. Inflation has been defeated.”

Unfortunately, Trump’s record on the economy is as shaky as his claims that he ended 8 wars. Incomes are flat and most of the “soaring” investment is a figment of Trump’s imagination.

Trump has been schizophrenic on the issue of affordability, boasting of being the “AFFORDABILITY PRESIDENT” (his caps, not mine) and then denouncing affordability  as a “hoax” and a “Democrat scam.”  Did Trump reach this conclusion by surveying members of his Mar-a-Lago club or what?  Is Trump’s claim that affordability is a hoax more credible than his claim that the Epstein files were a hoax? (Tell that to Bill Gates ex-wife.)

Iowa rally attendees dutifully held up signs made by the Trump campaign team proclaiming: “Lower prices.”  Gasoline prices have fallen sharply since a year ago but after you fill up your tank, life often feels Bidenesque.

In an August 2024 campaign speech, Trump promised, “Prices will come down… fast, not only with insurance, with everything.”  Auto insurance prices have jumped 12% since 2024 and homeowners insurance rates have jumped 9%.  Health insurance premiums are forecast to jump 18% this year, thanks in part to changes to the Affordable Care Act subsidies.

Trump........

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