Bisbal was sipping an afternoon coffee at the Hamilton Family Restaurant not long after Vice President JD Vance rallied Republicans in a nearby suburb. In the Trump administration's second high-profile trip to Pennsylvania in a week, Vance acknowledged the affordability crisis, blamed it on the Biden administration and insisted better times were ahead. He later served food to men experiencing homelessness in Allentown.
KAITLAN COLLINS: Tonight, President Trump is on the road, in Pennsylvania, trying to alleviate anxious Americans' concerns that the economic state of what's happening here in the United States that they feel is overblown, and that because of his policies, as the President put it tonight, the economy is roaring. (BEGIN VIDEO CLIP) DONALD TRUMP, PRESIDENT, UNITED STATES OF AMERICA: We're bringing those prices down rapidly. Lower prices, bigger paychecks. You're getting lower prices, bigger paychecks.
That was the central concept in an all-too-representative Democratic effort to explain away the mass movement aligning behind Donald Trump's 2016 presidential campaign. Back then, the liberal commentariat was mocking the notion that Trump's supporters were motivated by questions of economic policy like trade and globalization. What really mattered to the MAGA faithful, in this overconfident diagnosis, was pure race hatred; the alleged economic worries fueling the Trump phenomenon were really only a fig leaf for a resurgence of white supremacist rancor on the right.
In moments of elevated economic uncertainty, the premium on security increases: investors seek safe assets, businesses prioritize safe investments, and families double down on peace of mind.
We want the economy to keep rolling smoothly in the background while we live our lives. So when we see this great uncertainty, it only adds to the stress that we're already trying to manage.