Donald Trump Can't Dodge the Costly K-Shaped Economy
Briefly

Donald Trump Can't Dodge the Costly K-Shaped Economy
"Donald Trump is continuing to insist that all is sunny. "We are doing phenomenally well. This is the greatest economy we've ever had," he told Laura Ingraham, of Fox News, early last week. When Ingraham raised voter concerns about affordability that featured heavily in recent elections in New Jersey, New York, and Virginia, Trump dismissed them as "a con job by the Democrats." Before flying to his Mar-a-Lago retreat for the weekend, he repeated the "con job" phrase on social media."
"Despite Trump's bluster, he clearly understands the political danger he's in, which is reflected in recent opinion polls. In the latest survey from YouGov/ The Economist, "inflation/prices" is still voters' biggest concern, followed by "jobs and the economy." The same survey shows that just three per cent of respondents think the economy is in "excellent" shape, while forty per cent think it's "poor." (Of the rest, twenty-two per cent think it's "good," and thirty-two per cent responded "fair.")"
President Donald Trump repeatedly proclaimed the economy strong and dismissed affordability concerns as 'a con job by the Democrats,' yet signed an executive order removing tariffs on beef, coffee, bananas, and dozens of other foodstuffs after their prices rose following earlier blanket tariffs. Polling shows inflation and prices remain voters' top concern, with only three percent rating the economy 'excellent' and forty percent rating it 'poor.' Trump proposed measures including fifty-year mortgages, direct deposits into health savings accounts, and a two-thousand-dollar tariff dividend funded by import levies.
Read at The New Yorker
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