Trump Says U S Is Poised For Economic Boom Despite Voter Sentiment

In a primetime address Wednesday, President Trump said the nation is on the brink of an economic boom and claimed prices are falling quickly, even as affordability remains a top concern for voters. In a defensive and boastful address to the nation Wednesday night, President Trump insisted that the U.S. is poised for an economic boom and said that high prices are falling. He blamed his predecessor and immigrants for many of the country's problems. The speech comes as a majority of voters say they are not feeling the economic relief Trump promised in his campaign and touted in his speech. Recent polling shows Trump's rating on the economy is historically low and high prices remain a top concern.

FADEL: With us to talk this through is NPR White House correspondent Deepa Shivaram. Hi, Deepa. DEEPA SHIVARAM, BYLINE: Hey. Good morning. This is read by an automated voice. Please report any issues or inconsistencies here.

WASHINGTON — President Trump delivered a politically charged speech Wednesday carried live in prime time on network television, seeking to pin the blame for economic challenges on Democrats while announcing he is sending a... troops for Christmas. The remarks came as the nation is preparing to settle down to celebrate the holidays, yet Trump was focused more on divisions within the country than a sense of unity. His speech was a rehash of his recent messaging that has so far been unable to calm public anxiety about the cost of groceries, housing, utilities and other basic goods. Trump has promised an economic boom, yet inflation has stayed elevated and the job market has weakened sharply in the wake of his import taxes. Trump suggested that his tariffs — which are partly responsible for boosting consumer prices — would fund a new “warrior dividend” for 1.45 million military members, a payment that could ease some of the...

“The checks are already on the way,” he said. Sign up now: Get ST's newsletters delivered to your inbox US President Donald Trump addressing the nation from the Diplomatic Reception Room of the White House in Washington on Dec 17. “Good evening, America. Eleven months ago, I inherited a mess, and I’m fixing it,” the 79-year-old said in his live speech from the White House at the end of his first year back in power. Mr Trump faces growing voter anger over the issue of affordability despite his efforts to dismiss it as a “hoax” by Democrats, sparking Republican fears they could be punished in the 2026 midterm elections.

The billionaire leader insisted that prices of petrol and groceries that have worried Americans were “falling rapidly, and it’s not done yet. But boy, are we making progress”. In a prime-time address Wednesday, President Donald Trump argued the “affordability crisis” facing American households is not a new phenomenon, but the lingering result of inflation… In a prime-time address Wednesday, President Donald Trump argued the “affordability crisis” facing American households is not a new phenomenon, but the lingering result of inflation unleashed during the Biden administration. At the same time, Trump said his administration has set the table for “an economic boom the likes of which the world has never seen” in 2026. The speech touched on prices, wages, border enforcement and economic growth.

Trump sought to reframe the national debate away from affordability as a standalone concept and back toward inflation caused by the Biden administration as the root cause. In a prime-time address from the Oval Office last week, Donald Trump said, “We are poised for an economic boom the likes of which the world has never seen.” This was the sort of... Given the data fog that the government shutdown created, the old joke applies more than ever: it’s difficult to make predictions, especially about the future. But some things seem reasonably clear. Right now, the economy is working in the Democrats’ favor. Concerns about affordability have refused to abate: the latest weekly poll by YouGov/The Economist indicates that Americans still consider “inflation/prices” to be the most important policy issue, and just a third of them approve...

Meanwhile, it looks like G.D.P. growth for 2025 will come in at about two per cent—one percentage point lower than it was in the last two years of the Biden Administration—and the unemployment rate is ticking up. When Joe Biden left office, it was four per cent; now it is 4.6 per cent. Still, November is a long way away, and observers outside the Oval Office, including Jerome Powell and his colleagues at the Fed, have been raising their estimates of how the economy might perform in... “Fiscal policy is going to be supportive. And, as I mentioned, A.I.

spending will continue,” Powell said at a press conference earlier this month. “The consumer continues to spend. So, it looks like the baseline will be solid growth next year.” Many economists on Wall Street concur. In releasing its global outlook for 2026 last week, Goldman Sachs upped its prediction for U.S. growth to 2.6 per cent: “The US is likely to outperform substantially . .

. because of reduced tariff drag, tax cuts, and easier financial conditions.” The A.I. boom certainly can’t be dismissed. According to analysts at Barclays, about half of all the G.D.P. growth in 2025 stemmed from “spending on data centers, chips, power grids, networking equipment and other AI-related capital expenditure.” Going into 2026, corporate investment in A.I.

shows no signs of slacking. The Fed likely isn’t done cutting interest rates, and come next April and beyond, tax refunds stemming from the budget-busting One Big Beautiful Bill Act will also be material: according to the Tax Foundation,... Other things being equal, the refunds will likely give a boost to consumer spending. With Trump in the Oval Office, however, other things are rarely equal. Disruption is his essence. A big reason for G.D.P.

growth slowing this year and prices remaining stubbornly high is that Trump’s ever-changing tariff policies created an enormous amount of uncertainty and raised the cost of imported goods. When economists talk of tariff relief, they are assuming that things will be more settled in 2026—but will they? Some businesses are still in the process of passing along the tariff hikes to consumers. The Supreme Court could well rule that Trump’s blanket levies, which he introduced using emergency powers, are illegal, but that wouldn’t necessarily be the end of them. The Administration would surely try to rejigger the levies using different legal authorities, which create another round of anxiety and uncertainty for businesses, particularly small businesses. Josh Boak, Associated Press Josh Boak, Associated Press

Will Weissert, Associated Press Will Weissert, Associated Press WASHINGTON (AP) — President Donald Trump got a serious warning from voters that he's out of touch with their fears about a deteriorating U.S. economy. Democrats were able to run up the score in key races across the country on Tuesday by harnessing some of the same populist fervor that helped get Trump reelected a year ago — but... Now, as the incumbent, fears about the economy have made Trump the face of much of the public's discontent. "We learned a lot." Trump acknowledged on Wednesday.

He later posted online that, "Affordability is our goal." Seven weeks into his term, concerns are growing about a possible recession. Then-candidate Donald Trump, at a campaign rally last August as the 2024 race for the White House was heating up, made a promise to voters to quickly bring economic relief if elected. "Starting on Day 1, we will end inflation and make America affordable again," he said at a rally in Montana, where he told supporters: "This election is about saving our economy." A week later, he made a show of displaying cartons of eggs, bacon, milk and other grocery products outside his New Jersey golf course as he railed against the Biden administration's policies. "When I win, I will immediately bring prices down," Trump said at the time.

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