Dwain Northey (Gen X)

Last night, Donald Trump stood before the nation and declared—again—that the economy is “doing great.” Not improving. Not stabilizing. Not mixed. Great. Tremendous. The best anyone has ever seen. And just in case Americans were confused by their grocery bills, rent payments, or recent job reports, Trump helpfully clarified the rules: if the economy is great, it’s because of him; if it isn’t, it’s obviously someone else’s fault. Biden. Obama. The deep state. Take your pick.
This is the central lie of Trump’s economic storytelling: the economy exists only as a reflection of Trump’s ego, not as a measurable system governed by policy choices, timelines, or math.
Because the actual data—the boring, elitist numbers—tell a very different story.
Job growth has slowed significantly. Hiring is weaker than it was a year ago. Unemployment has ticked up. Manufacturing, the sector Trump constantly claims is “roaring back,” continues to shed jobs or stagnate under the weight of higher input costs caused by tariffs. These are not Biden-era numbers. These are Trump-era outcomes, occurring after nearly a year of his policies being back in force.
Then there are the tariffs—Trump’s favorite economic prop. In his speech, he praised them as a revenue miracle and proof of his toughness. What he did not mention is that tariffs are taxes paid overwhelmingly by American businesses and consumers, not foreign governments. They raise prices on everyday goods, squeeze margins, slow investment, and make U.S. exports less competitive. That’s not ideology—that’s basic economics, confirmed repeatedly by economists across the spectrum.
Inflation pressures haven’t magically disappeared. Housing costs remain high. Construction is more expensive because tariffs raise the price of steel, aluminum, lumber, and copper. Fewer homes get built. Supply stays tight. Prices stay high. But in Trump’s telling, none of this is connected to his policies—it’s all leftover “Biden damage,” as if inflation were a haunted house that takes years to exorcise but only minutes to redecorate.
And then there’s the deficit. Trump loves to imply that tariff revenue is somehow fixing America’s fiscal problems. In reality, tariffs are a rounding error compared to federal spending and interest on the debt. Deficits remain large, borrowing remains high, and any modest tariff revenue gains are overwhelmed by slower growth and higher costs. The math doesn’t work—but math has never been invited to these speeches.
What makes this performance possible is not just Trump’s shamelessness, but the information silo his red-hat base lives inside. They are not watching the same news. They are not reading the same reports. They are consuming a parallel narrative where Trump is permanently succeeding, permanently sabotaged, and permanently innocent.
When Trump says the economy is great, they cheer.
When the data says it isn’t, they shrug.
When confronted with facts, they accuse the facts of bias.
This is not persuasion—it’s insulation. A closed system where evidence cannot enter and responsibility cannot land. In that world, Trump can stand at a podium, contradict reality in real time, and suffer no consequences because his audience has been trained to distrust everything except his voice.
So last night’s speech wasn’t meant to inform. It was meant to reassure. To tell his followers that if they feel economic anxiety, it’s not because of tariffs, policy chaos, or governing by grievance—it’s because someone else broke things before Trump heroically arrived. Again.
In the end, Trump’s economic message is simple and unchanging:
If it feels good, I did it.
If it feels bad, I inherited it.
If the numbers disagree, the numbers are lying.
And as long as his red-hat minions never look outside their bubble, he can keep giving the same speech—no matter what the economy is actually doing.









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