Sidesteps the affordability issue
Without citing her, avoiding the problem, Trump began his speech by talking about the economy. He claims to have controlled inflation, lowered the price of fuel and made home financing cheaper, with mortgage rates. But the president has, for now, avoided talking about affordability, one of the problems that is putting a dent in the pockets of American families.
“In 12 months, my Administration has reduced core inflation to its lowest level in more than five years, and in the last three months of 2025 it fell to 1.7%. Gasoline, which peaked at more than $6 per gallon. In some States, under my predecessor, it was, honestly, a disaster. It is now below $2.30. Low interest rates will solve the housing problem created by Biden,” he assured.
The president has also alluded to the record on the stock market and it is true that the financial markets are trading at almost highs, although in recent weeks they have retreated slightly due to doubts about the AI bubble.
The American economy is growing in a K shape. Citizens who have savings and can invest in the stock market are benefiting from the boom in the markets, but more than half of the country’s families, who cannot do so, are seeing their family budgets shrink each month with the rise in health insurance, car insurance, school bills and shopping baskets.
