There may be costly difficulties with consumers who do not have confidence in America or the President. But sometimes facts speak louder than political headlines or embellished polls.
The use of Black Friday Spending this year to a new height, observed by the Record-Break Online spending that reached $ 11.8 billion on Black Friday alone, according to market data. Online sales on Black Friday made up about 10% of total sales for the entire month of November. The number was more than $111 billion, according to a report by Adobe Analytics. Adobe tracks $1 trillion in US site visits. And they predict that the holiday season of 2025 will be the largest online spending in US history.
Of course, much of this is driven by AI (artificial intelligence) to increase traffic to online marketing sites. Those transfers by the way, were up 805% compared to last year. So, when President Trump tells today’s white low-income economy that he inherited Joe Biden’s problems, but is a reformer, he has a very strong point.
This is what the President said in passing, “we inherited it. It’s cheap. But you can easily call it whatever you want, and it’s the simplest things.”
White House Deputy Chief of Staff James Blair shines a light on the Trump Administration’s messaging on the economy and affordability to ‘Kudlow.’
Here are some facts worth considering: people worry about the labor market, but perhaps the most common sign of unemployment is the first jobless claim, where the latest four-week average fell all the way to 214K. In recent weeks, it has actually been falling. You know what’s going down? Something like 350k. We are nowhere near that.
A few facts: wages are rising faster than prices. Income from latest numbers + 5.3%. The deflator used for personal consumption, that is the Fed’s inflation rate of 2.7%. That means people who work well take home take home pay up to 2.6%. Ahead of prices by 2.6%. And there’s a lot more to come with tax refunds next year and the Great Big Bill. And gas prices are less than $3 a gallon across the country. That is full of all the wisdom and concrete of the economy. And the policies of Mr. Trump used tax cuts, business booms, baby drills, and free and fair trade reconciliations to launch businesses.
In fact, the construction of businesses is factories, machines, and equipment. That’s up 9.1% from a year ago. In Mr. Trump’s first year in office, wages are already on fire. This is the way it should be. That’s a big number. Do you know what happened? You start a factory, and you order new machines and equipment, you have to hire people. But unemployment is so low, that you will have to pay them a very good salary. And that will make the people, the consumers of Aka, sitting at the kitchen table, very happy.
So I say, what is the problem? Loads of baloney.
