Trump’s Economic Promises Crumble Amidst Rising Prices

Trump’s Poll Numbers Plummet as Campaign Promises Unravel

In a stark assessment of Donald Trump’s current standing, political commentator Chris Hayes declared on his program that Trump’s polling numbers are “in the toilet.” This sharp decline comes as many of the core promises made by his campaign appear to be faltering, particularly concerning economic affordability. A recent Fox News poll revealed that nearly 60% of Americans disapprove of Trump’s job performance overall, a figure that sinks even lower when focusing on specific policy areas like foreign policy and the conflict with Iran.

Affordability Was Key, But Prices Soar Under Trump

Hayes highlighted that the central message driving Trump’s 2024 campaign victory was affordability. Many voters, especially those who had previously supported Joe Biden, switched their allegiance to Trump because they felt everyday costs were simply too high. Trump himself repeatedly pledged to end inflation and make America affordable again. He promised to slash energy and electricity prices by at least half within 12 to 18 months, aiming to bring gasoline prices below $2 a gallon and lower the cost of groceries, airfares, and housing.

“Starting on day one, we will end inflation and make America affordable again. To bring down the prices of all goods, we will stop the Biden-Harris war on American energy and we will drill, baby, drill.”

Actions Contradict Promises on Economy

However, Hayes argued that Trump’s actions since taking office have directly contradicted these promises, systematically working to make things more expensive. One of the first moves was the attempt to impose hundreds of billions of dollars in tariffs on imported goods. This policy, he explained, is now increasing the cost of everyday items like packing materials and plastic bags.

Furthermore, Hayes pointed to Trump’s decision to engage in a “war of choice with Iran,” which he believes has triggered a significant oil shock. This conflict has led to the closure of the Strait of Hormuz, driving up fertilizer costs for farmers and impacting the price of petrochemicals. The cost of food has risen by nearly 20%, and gas prices are approaching $4 a gallon, with some states seeing much higher rates. Farmers, already struggling with lost markets due to Trump’s tariffs, are now facing increased diesel and fertilizer costs.

Bullying the Federal Reserve and Rising Mortgage Rates

The transcript also detailed accusations of Trump’s administration pressuring the Federal Reserve to lower interest rates prematurely. Hayes suggested this action, if successful, would likely worsen inflation. Mortgage rates have also seen a significant jump, with the average rate on a 30-year mortgage exceeding 7%. This marks the fourth increase since the conflict with Iran began. Car payments are also on the rise, making it harder for people to afford vehicles.

Despite these economic challenges, Trump’s Treasury Secretary has claimed the administration is on a path to “unprecedented economic growth.” Trump himself has been seen signing $100 bills, a gesture Hayes characterized as putting his name on money, suggesting a disconnect from the economic realities faced by most Americans.

Public Disapproval and Election Setbacks

The Reuters poll showing over 60% disapproval of Trump’s handling of the economy is a significant indicator of public sentiment. This number is worse than Joe Biden’s lowest approval mark during a period when inflation was reportedly at 9%. Hayes connected these poor poll numbers and the administration’s economic policies to recent Republican losses in special elections. He cited the example of a Democrat winning a special election in a district historically associated with Trump’s Mar-a-Lago estate.

Growing Resistance and “No Kings” Movement

Hayes also touched upon broader public discontent, referencing protests and a growing “No Kings” movement. He described a sentiment that Trump acts like a king and disregards the fundamental principles of American democracy. Millions of Americans have participated in these protests, emphasizing that Trump does not run the country – the people do. The movement highlights concerns about cruelty, threats to neighbors, and the perceived overreach of federal agents.

Looking Ahead

As the election cycle progresses, the disconnect between Trump’s economic promises and the lived experiences of voters struggling with rising costs will likely remain a critical issue. The upcoming elections will be a key test of whether voters prioritize Trump’s past promises or current economic realities. The continued growth of public resistance movements also suggests a significant segment of the population is actively pushing back against Trump’s political agenda and perceived authoritarian tendencies.

Source: Trump polling ‘IN THE TOILET’ as his campaign promises crumble, says Hayes (YouTube)