Trump Boasts Economy Is Great While Everyone Else Checks ATM Decline
KEY POINTS
- •Gary Cohn, former Trump economic advisor and current IBM vice chairman, acknowledged the US economy's strong GDP growth of around 5%.
- •He highlighted that while inflation and unemployment rates show positive signs, many Americans face serious affordability struggles.
- •The Trump administration plans to focus on affordability as a primary issue in the upcoming midterm elections to address widening economic inequality.
Gary Cohn, Trump-era chief economic advisor and current IBM vice chairman, claims America's GDP is cruising at a 'very high' 5% growth, inflation and unemployment look 'promising,' yet hardworking Americans are apparently starring in their own budget horror flick. Cohn admits the economy is basically a K-shaped rollercoaster, where billionaires cackle and pocket wealth, while middle and lower-income folks juggle rent, food costs, and growing credit card debt. The Trump administration is now ‘going on the offensive’ – itself a charming euphemism for explaining why your grocery bill could buy a small yacht. Affordability is scheduled to headline the snack table talk until midterms, courtesy of a widening economic chasm that EY’s Gregory Daco and RSM's Joe Brusuelas warn won’t fix itself anytime soon.
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When your economic advisor describes the economy as booming then casually admits most people are suffering, you know prosperity was just a hopeful tweet.
GDP is up, inflation down, yet Americans still can’t afford rent. Classic economy: rich get richer, rest update budgeting apps.
The US economy’s a K-shaped mess where billionaires are climbing Everest and everyone else got left on the escalator.
Source: Businessinsider | Published: 2/1/2026 | Author: Lauren Edmonds
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