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I can’t afford this Trump economy

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President Donald Trump made a bold promise that he’d slash energy prices in half within 12 months of taking office during his campaign in August 2024. “You will never have had energy so low as you will under a certain gentleman known as Donald J. Trump,” he said at a North Carolina rally.

Trump recently claimed at the U.N. General Assembly in September that “energy costs are down,” but data shows costs have been rising. According to the U.S. Energy Information Administration (EIA), retail electricity prices have gone up since 2022 and will likely continue rising through 2026. On the other hand, as of the end of August 2025, residential electricity prices jumped 6.2% compared to the last 12 months, per the U.S. Bureau of Labor Statistics (BLS).

Federal Reserve data shows the average household energy cost hit $280.91 in August 2025, up from $261.57 the year before.

Natural gas prices have also surged 37% compared to last year. This matters because natural gas generates about 40% of U.S. electricity, equal to all coal and renewables combined.

The administration’s own policies might be undermining affordability. Trump’s tax law stripped incentives for wind, solar and renewable energy projects, per the White House’s website. According to an order from the Bureau of Ocean Energy Management (BOEM), the White House halted construction on a nearly finished Rhode Island wind farm, with Trump arguing windmills are “ruining our country,” as reported by Forbes Breaking News.

The administration has also forced aging coal plants to stay online, citing electricity shortage concerns. When the Energy Department ordered a 60-year-old Michigan J.H. Campbell coal plant to stay online, local officials warned the move would prove costly for consumers.
 
LogGrad98 said:
Yeah, no effort to correct the real issues, just use car dealership tactics in home buying. Wage slaves becomes a much more stark reality. Hopefully you get that mortgage at 20 so you can enjoy your fully owned home for 5-7 years before you die. Oh and be prepared to work until you are 70-75 for it. Sounds great, right? Right?
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people under sever financial stress generally are easier to control.
 
www.dailymail.co.uk

23 states are ALREADY in recession - laying bare US economis cracks

It comes as major corporations slashed jobs, consumer prices rose, home construction slowed, and wages flat-lined.
www.dailymail.co.uk www.dailymail.co.uk

Nearly half of all US states are sliding into recession — as the national economy tries desperately to stay afloat.

That’s the stark warning from Mark Zandi, chief economist at Moody’s Analytics, one of the world's most-watched independent economic firms.

His grim assessment comes after major corporations slashed more than 150,000 jobs last month — the biggest October total in more than two decades.

Sticky inflation, dwindling home construction, layoffs at factories, and flat-lining wages also contributed to the bleak picture.

'This state-level picture mirrors the national trend,' Zandi wrote in a LinkedIn post.

'The US economy is not in recession, but it is struggling to avoid one.'

Zandi’s team analyzed a raft of data including household employment, industrial production, retail sales and building permits to sort all 50 states into three groups: recession or at risk, treading water, and expanding.

The results were bleak: 23 states are already in the red, while only 16 are firmly growing.
 

Americans blame President Donald Trump for the economy being worse now than under Joe Biden, a Fox News poll has shown.

A stony-faced Bret Baier delivered the damning numbers Wednesday against the backdrop of relentless claims from the administration that financial prospects for average Americans have never been better.

It is average Americans, however, who are complaining that their groceries, housing and utility bills, and healthcare costs have all gone up since Trump returned to the White House in January.

A staggering 60 percent of respondents said grocery prices had increased “a lot,” and a further 25 percent said they had increased “a little.”

Trump, however, seems to disagree with them. During his diplomatic tour of Asia in October, the president claimed, “Groceries are down except for the beef, which I’ll get down, too.”


View: https://x.com/atrupar/status/1991200638756131303


Trump will have a tougher time talking his reality into existence where the economy is concerned. For the average American, affordability is not as foreign, or “new” a word, as it is in Trump’s experience.
 

Misty Pellew’s family lived in the dark for several days this month.

Pellew’s power was shut off Nov. 13 because of $602 in unpaid bills, the latest in a string of financial humiliations that began six months ago after her husband lost his $20-an-hour excavation job in northeastern Pennsylvania. The recent government shutdown dealt another blow, delaying federal funding for programs that helped the family pay for food and utilities.

Although Pellew’s lights were temporarily turned back on last week, they were set to be disconnected again if she didn’t pay another $102. With an overdrawn bank account, she was bracing to be without power again. Last time, her family ate peanut butter and jelly sandwiches for dinner and slept in hoodies and gloves to keep warm.

“I feel so useless and helpless,” the 44-year-old said.

Soaring electricity prices are triggering a wave of power shutoffs nationwide, leaving more Americans in the dark as unpaid bills pile up. Although there is no national count of electricity shutoffs, data from select utilities in 11 states show that disconnections have risen in at least eight of them since last year, according to figures compiled by The Washington Post and the National Energy Assistance Directors Association (NEADA). In some areas, such as New York City, the surge has been dramatic — with residential shutoffs in August up fivefold from a year ago, utility filings show.

Overall, Americans are paying 11 percent more for electricity than they were in January, though that number varies widely: Costs have risen 37 percent in Missouri but have fallen in three states by as much as 13 percent, NEADA found.

“With prices going up so rapidly, electricity is becoming unaffordable in many parts of the country,” said Mark Wolfe, an energy economist and executive director of NEADA. “And it isn’t just lower-income households anymore; it’s spilling into the middle class.”
 
Sardines said:
That moment when you realize that everything that happens under a U.S. Presidential administration is not the direct result of that administration...
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Yet how many times did you ****ing idiots say how great the economy was under Biden? You're brain dead cultists.
 
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