The economy's fundamentals are stronger than polls suggest, with rising stock markets, significant private-sector investments, and wages outpacing inflation. Trump inherited economic challenges from Biden but has made progress in reducing inflation and raising real wages through regulatory cuts and drug pricing agreements. The benefits are just beginning to show, and patience is needed as new tax policies will be implemented in 2026.
Trump's approval rating has fallen to 39% due to voter frustration with persistent inflation around 3% and rising costs. His economic approval is at 33%, the lowest this year, with Republican support dropping from 78% to 72% in December. Tariffs have also led employers to slow down hiring, while inflation remains above the healthy target of 2%.
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