The American economy has not been this good for a long time. At least the numbers and main economic indicators show this. The mood says otherwise, at least among some of the voters to whom Donald Trump is sending his message. The former president claims that the United States is a ruined country.
– Chicken meat is expensive. The price of canned goods increased by 27% and oil by 30%. Crackers, who thought of crackers? – asks Donald Trump, former US president and Republican candidate.
Prices and deterioration of the living conditions of Americans are the most important issues of the US election campaign for voters. According to Republicans, this is the most important charge against the current administration.
– We will win the election. We will change this country. We intend to reduce energy prices significantly. This will significantly reduce the price of other products, says Donald Trump.
Is the situation for Americans really that bad?
Donald Trump even talks about a broken country. And it promises a simple solution. “We're going to lower your taxes, end inflation, lower prices, raise wages, and bring thousands of businesses back to America,” he says.
However, journalists are skeptical. – Your plans will increase the debt by $7.5 trillion. That's twice as many as Vice President Harris. You are on your way to increasing your debt to 150 percent of GDP. We have an economics audience here. Why should they trust you? – asked the editor-in-chief of Bloomberg John Micklethwaite at one of the meetings.
– Because we care about growth. Harris does not provide any growth. And we all care about development, replied Donald Trump.
While it's hard to get a real answer, there's no denying the challenges many Americans face. – Every time I go to the store, the prices increase by 30 tins. Eggs, milk. Everything, says Daryl, a Donald Trump voter.
What do you think? Jobs are growing across the country, with the unemployment rate at just 4.1 percent and inflation at 2.4 percent. But America is not growing at the same pace.
Inflation rate on USATVN24
– Midwestern countries are not doing very well economically. There was a slight increase in the number of enterprises in the industry. However, in general, this part of the country lags behind the East and West coasts in terms of economic development. So, even though the unemployment rate is low, people feel that the economy is not doing well. They are not doing well, and that causes a lot of concern about the future, explains Darrell M. West, a political scientist at the Brookings Institution.
The data show that over the years, the financial condition of industrial workers has been worse – men without higher education.
“Two generations ago, factory work offered many men post-secondary education, benefits, and decent wages,” notes the New York Times. “These people could buy a house, buy a boat,'' said Susan Housman, senior economist at the Michigan Institute for Employment Research, referring to the state's inland lakes that were once built for blue-collar workers. “, she adds. newspaper
Increase in the cost of housing
Housing is the main topic of interest of voters. About 21 percent of Americans believe that high housing costs are the main problem for them. “We had to live with our daughter and son-in-law to make ends meet,” said Cheryl, a Donald Trump voter.
Each candidate has his own opinion. Kamala Harris' plan includes increasing the housing supply, providing financial assistance to first-time buyers and limiting the sale of real estate to corporations.
Vice President and Democratic presidential candidate Kamala Harris said: “My plan includes addressing the issue of affordable housing, including providing first-time home buyers with a $25,000 grant.”
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Donald Trump, in turn, is calling for more federal land to be made available for housing and debt relief.
– We also cannot ignore the impact that the wave of 21 million illegal immigrants has on the value of housing. That's why my plan would ban mortgage loans to illegal immigrants. In California, they pass a law that gives them a loan to buy a house, and our soldiers, our veterans, who are sleeping on the streets, cannot have them, says Donald Trump.
The former president also promises to lower mortgage rates. Although the policies of the White House administration can affect the cost of debt and interest, the president does not make decisions on these matters. This is decided by the Central Bank of America (Fed).
In September, it cut interest rates by 50 basis points for the first time since February 2020.
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Main photo source: PAP/EPA/ERIK S. LESSER
