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President Trump praised the state of the U.S. economy in a primetime address Wednesday evening, even though new government statistics show the nation's unemployment rate is at a new four-year high of 4.6%. Dean Baker, senior economist at the Center for Economic and Policy Research, says Trump's aides should be "wondering about the man's sanity" after Wednesday's speech. "This is utterly divorced from reality." Though Trump blames former President Biden for the poor economy, Baker notes that Trump had inherited an "incredibly strong economy by almost every measure imaginable."
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In an 18-minute address, President Trump said the economy was booming despite the public's consistent concerns about prices. Here are six takeaways from the speech.
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The president sharply attacked his predecessor while insisting that his own record contained nothing but victories.
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In a speech shorter than his usual hour-plus events, and which was full of false statements, the president promised a better economy in 2026.
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