I’m hearing the word affordability mentioned in a lot of Democrat campaign ads, but somehow the ads don’t mention the roots of the affordability problem. Inflation has decreased under President Trump, but somehow once the prices go up, they rarely go down.

On October 26th, Smart Asset posted the following chart:

So how is the economy actually doing under president Trump?

On October 26th, The Conservative Treehouse posted the following chart:

If you choose to vote Democrat in the mid-term elections, you can expect higher inflation and slower economic growth. You can also expect the amount of goods you can buy with your paycheck to decrease.

The Conservative Treehouse reports:

Exports decreased 5.7%.  However, within the data you will note a third quarter massive surge in imports of 26.4% (goods), which led to a deduction impact of 3.32% in the overall GDP statistic [Table 1.5.2] As noted in the BEA review, “the largest contributor to imports was capital goods, except automotive.”

A 26% increase in capital goods is massive. I would anticipate that in addition to large industrial equipment, what we are witnessing in that import number is the AI-Data Center factor, this is the massive ‘compute’ need. The likely highest import value is on the data chips.

Think about it.  If there was no increase in imported goods and services to deduct from the growth rate, the U.S. economic growth rate would have been +6.7%.  Keep in mind the USA is already the largest economy in the world at $32.5 trillion.  So, a growth rate of 3.4% is a massive whole dollar increase in the U.S. economy.  The pie is much larger!

Overall investment into the economy grew at a whopping 19.4% versus the prior quarter.  The value of industrial equipment grew 20.9% over the prior quarter. We are investing in industrial production and setting the equipment in place for a manufacturing boom for the next several years.

In the background we still need to import industrial equipment and computer chips until we get the manufacturing systems in place (industrial equipment) to begin producing the outputs domestically.  But industrial investment at this scale is exceptional for the long-term growth of the economy.

We need to stay the course. We are moving in the right direction. A Democrat Congress will not take us in this direction.