Former U.S. President Donald Trump declared in a nationally televised address from the White House that the United States is on the verge of an “economic boom unlike anything seen before.” n nDespite growing public dissatisfaction reflected in opinion polls, Trump used the prime-time speech to criticize his predecessor, Democrat Joe Biden, and to denounce immigration policies. He also dismissed polling data showing declining approval of his economic agenda, questioning, “When will the polls finally reflect the greatness of America today?” n nOn his social media platform, Truth Social, Trump posted last Thursday: “When will it finally be said that I have created, without inflation, perhaps the best economy in our nation’s history? When will people understand what’s really happening?” n nTrump once again blamed Biden for what he described as an inflation “disaster” inherited upon returning to office. While inflation intensified during Biden’s term, it initially slowed after Trump resumed power in January, only to accelerate again starting in April. n nA University of Chicago survey conducted for The Associated Press, released last Thursday, found that public approval of Trump’s economic policies dropped from 40% in March to 31%—the lowest in his political career, including his first term. n nRead more n nThis section contains related articles, placed in (Related Nodes field) n nAccording to the same survey, 68% of respondents believe the U.S. economy is in poor shape. This widespread concern contrasts sharply with Trump’s optimistic portrayal of economic conditions. His campaign promises to tackle rising living costs were a major factor in his electoral victory. n nThe 79-year-old repeated Thursday that “prices are coming down rapidly,” pointing to strong stock market performance as evidence. n nWhite House spokesperson Karoline Leavitt stated during a press briefing that “all economic indicators show the economy is actually stronger and brighter than it was under the previous administration.” n nThird Term
— news from independentarabia
