Periodically, I watch television news shows with economic ‘experts’ that have Trump Derangement Syndrome. I watched one on Saturday. They were complaining about inflation and affordability under the Trump administration. Really? A dozen basic Grade A large eggs at Harris Teeter is $2.59. The average retail price of a dozen eggs in the U.S. was $4.953 in January 2025. Inflation? In January 2025, the average price for a gallon of milk was approximately $4.87. The current price at Harris Teeter is $2.49 a gallon. In January 2025, the average price for regular gasoline was $3.08 per gallon. In eastern North Carolina, the current price is $2.59. If that is inflation, can we please have more of it!
On Monday, Victor David Hanson posted an article at American Greatness about the impact of the Trump economy. He noted that President Trump is not getting credit for the improvement in the economy that his policies have created.
The article notes:
The current economic indicators, at least those attributable to the 10-month Trump administration, are strong.
Fourth-quarter GDP is estimated to grow between 2.7 and 4 percent, the robust latter figure according to the Atlanta Federal Reserve Bank.
Inflation from June to August ranged from 2.7 to 2.9 percent, significantly lower than the 5 percent annual average during Biden’s 2021-2025 term.
Gas prices now average $2.98 per gallon, compared to $3.46, the average cost during Biden’s four years.
In less than a year, Trump has increased oil production by one million barrels per day.
Unemployment in the second quarter of 2025 stayed steady at 4.2 percent, roughly the same as the 4.1 percent during the final month of Biden’s tenure.
The stock market has reached an all-time high. Foreign investment is pegged at record levels. Tariff revenue could reach $400 billion by the end of the year—vastly outpacing the $77 billion in all of last year, 2024.
In other words, the economy is rolling along.
To the extent the Trump administration has a problem with the economy, however, it is threefold.
One is public perceptions.
…Second, the administration and Republicans have rarely compared their own economic record with that of Biden’s dismal four years to explain how there is improvement in almost every area.
…Third, most of Trump’s key economic initiatives are long-term and will not be fully realized by the end of 2025 or in early to mid-2026.
The article concludes:
If the shutdown were quickly ended and the Fed steadily lowered interest rates by at least 2 percent, and if the media would just report the news rather than seek to create realities by falsification, then a strong, and soon to be even more robust, economy would likely determine the 2026 midterms, and with it the Trump presidency.
So the current Trump economy is in a race of sorts. The challenge is not nature, not war, not the unpredictable, and certainly not wrong economic policies and agendas.
The rub is a failure to highlight the radical improvement from the Biden years in just a few months, to explain that novel policies are already in motion that may revolutionize the American economy within a year, and to recognize the destructive efforts of partisan shutdowns, partisan high interest rates, and partisan hysterical doom and gloom fake news.
If Trump meets these challenges, voters could see the economy take off as never before in 2026—just in time for the midterms.
I think that is what the Democrats are trying to avoid!
