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President Donald Trump said the U.S. economy is strong and insisted polls showing Americans are feeling economic pain are "fake" during an interview on Fox News that aired on Monday night.

Trump said bad news about the economy amounted to a "con job by the Democrats," adding Democrats "feed" major news network anchors with the message the economy is bad and then "every anchor" does "exactly what they say."

"I'll never forget, they used a word like 'manufactured,'" Trump said in the interview. "You remember the word 'manufacture'? It's a 'manufactured' economy. Nobody uses that word. Every anchor broke in 'manufactured.' They do exactly what they say. It's such a rigged system."

The U.S. economy grew at an annualized rate of 3.8% in the second quarter in the government's final estimate, besting a 3.3% rate issued in its second estimate and far exceeding a 3% initial estimate. But consumer prices rose 3% in September compared to a year ago, with inflation at its highest level since January, the most-recent government data showed. The inflation reading came in lower than economists' expectations.

Trump defended his handling of the economy, saying that costs are "way down" across the board.

"So are you ready? Costs are way down," Trump said. "Gasoline is going to be hitting $2 pretty soon, or around $2.

The average consumer price for a gallon of gas in the U.S. was $3.072 on Tuesday, according to AAA, which said the average price was $3.083 a gallon a year ago.

Trump was also pressed about a rollout by his administration for a 50-year mortgage option, something that faced criticism on social media as critics pointed out that the extended payoff timeline would mean Americans would pay more in interest than they would through the life of a shorter loan.

https://abcnews.go.com/Politics/trump-downplays-economic-woes-partisan-spin-costs/story?id=127407410
>>
>>1456854
>he U.S. economy grew at an annualized rate of 3.8% in the second quarter in the government's final estimate, besting a 3.3% rate issued in its second estimate and far exceeding a 3% initial estimate. But consumer prices rose 3% in September compared to a year ago, with inflation at its highest level since January, the most-recent government data showed. The inflation reading came in lower than economists' expectations.
>>
>>1456860
Yeah so billionaires are doing great, Elon just became the first pedo trillionaire, but it sucks for everyone else. Inflation is making everything more expensive, layoffs are skyrocketing and wages are flat or dropping thanks to AI and off-shoring to India.
>>
>>1456865
>Inflation is making everything more expensive
>The inflation reading came in lower than economists' expectations.
Read things, it will save you from looking like a moron.
>>
>>1456854
Okay Donny, since the economy is so great and costs are way down, you can cancel your "national emergency" tariffs now since they already fixed everything and saved America.
>>
>>1456871
Point of tariffs is to create market conditions that reshores supply chains to the United States.

After what happened in 2020, you opposed to reshoring supply chains?
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>>1456873
>After what happened in 2020, you opposed to reshoring supply chains?
Toilet paper is already produced domestically
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>>1456867
NTA but both things can be true ya dingus.
>>
>>1456873
>reshores supply chains to the United States.
Anon you know deep down that isn't going to happen. Companies are going to pass the cost on to the consumer and wait out Trump's retardation until a democrat takes over and removes the tariffs so they can expand overseas again. MAGA has this weird delusion that the globalism genie can be put back in the bottle and not only are they wrong but every consumer gets to suffer because of it.
>>
>>1456880
>Anon you know deep down that isn't going to happen. Companies are going to pass the cost on to the consumer
Yes, over the short term. Over the long term, whomever gets their supply chain back in the US first is going to dominate the market because there are no tariff costs to pass on the consumer - meaning their product will be cheaper.
>MAGA has this weird delusion that the globalism genie can be put back in the bottle
We dont have a choice. This is the lesson of COVID.
>>
>>1456880
We all wish it would but it'd take like 40 years and they'd need to import millions of cheap laborers which we don't really want.

Just tax the billionaires and trillionaires, giving them loopholes if they pay their white male employees enough to buy a house and father 3-4 kids.
>>
>>1456867
Nothing deflated.
>>
>>1456880
There's no genie to put back in a bottle. Bad habits have to be broken somehow.
>>
>>1456910
>80 years of globalism
>bad habits
lmao
>>
>>1456898
>We all wish it would but it'd take like 40 years and they'd need to import millions of cheap laborers which we don't really want.
It would take every globalist country simultaneously deciding to get rid of free trade It's never going to happen without a nuclear war.
>>
>>1456915
>no you cant just flip the switch
Free trade is an abhor ration in human history, frankly even now its only really the US that engage in a genuine attempt at free trade. Most nations have trade boundaries, they just disguise it as "VAT" or whatever.
>>
>>1456882
>Yes, over the short term. Over the long term, whomever gets their supply chain back in the US first is going to dominate the market because there are no tariff costs to pass on the consumer - meaning their product will be cheaper.
Yeah the time it would take to do this is far longer than the time before the US either enters a depression or the tariffs get rolled back. In addition, also ignores Trump's raw material tariffs that would actually make acquiring materials to make most products more expensive than just passing the costs on.

You're chasing an impossible dream bud. The US economy will break long before enough factories exist to replace imports.
>>
>>1456919
Imagine becoming this indoctrinated by the nationalist far right. Why do you hate Wal Mart shoppers so much?
>>
>Free trade is an abhor ration in human history
>abhor ration
>>1456919 is an abhorration to civilized society due to an inferior education.
>>
>>1456919
>Most nations have trade boundaries
Several months ago, one country's head of state visited a country it already had close ties with, and good diplomatic relations. That state visit resulted in not only a strengthened alliance but with increased trade. Those two countries trade with each other, with no tariffs whatsoever. It is to their mutual advantage. It's something that a president way before Reagan not only encouraged but was seen as vital in the cause of Freedom.
>Free trade is an abhor ration
You know what's an abhorration?
>Trump Phones made in China
Hypocrisy.
>>
>>1456860
Literally the entire thing is the AI bubble. That's not real economic activity.
>>
>>1456914
Yeah, and?
>>
Didn't trump replace everyone who does the statistics? Who is running these numbers? He's clearly at -15% inflation! Donny's golden billionaire toilet is getting cheaper by the day!
>>
>>1456965
retard
>>
>>1456969
The value of the dollar won't survive his entire term at this rate.
>>
>>1456880
>>1456873
You morons actually believe republicans don’t send jobs overseas? How can you actually believe that.
>>
>>1457021
WHAT!? You mean Trump's rhetoric doesn't match his actions?!?!? I'M SHOCKED!
>>
>>1456959
He knows scotus is going to toss out the tariffs. He's got cover now: "I was going to give out free money but the deep state stopped me"
>>
>>1457100
Trump is a fucking moron.
He also claimed he couldn't build the ballroom if Tariffs went away, despite the addon supposedly being privately funded.
So pick one - either he is paying with it using stolen tariff money, or the private donations go away with tariffs implying that he's selling us out
>>
>>1457102
I'm not a "Donald plays 5d chess" guy or even a "he's playing checkers" guy (Chutes and Ladders seem to be his style). He's just throwing shit at the wall. Normally I don't ascribe a strategy to him, but he'll still think through talking points, and it's pretty clear he'll walk out that talking point when scotus rules the tariffs are illegal: he never passes on a chance to play the victim



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