Neal Freiman
๐ค SpeakerAppearances Over Time
Podcast Appearances
The president spent much of that time speaking about the economy because that's, well, all anyone wanted to hear about.
Nearly 60% of respondents to a CNN poll said they most wanted Trump to discuss the economy, by far and away the most of any subject.
In this speech, Trump described the economy as roaring like never before, mentioning lower mortgage rates, cheaper gas, and a rising stock market.
He did not float much in the way of new policies, as presidents typically do in their states of the union, instead recapping some of his greatest hits like last year's tax bill,
and Trump accounts that seed newborns with $1,000 in the stock market.
However, by saying the economy is hunky dory, Trump may seem out of touch with what Americans are actually feeling because they are nervous about the economy and don't think Trump is managing it very well.
57% of voters disapprove of his handling of the economy in a recent Washington Post Reuters Ipsos poll.
This was Trump's opportunity to show he's got a plan to fix some of those anxieties, but he mostly dismissed the concept of affordability.
And it also said he didn't float that many new proposals.
But there was one that people are talking about.
He called Trump called for the creation of government backed 401k like plan for U.S.
workers that don't have a retirement match from their employer.
Fifty six million private sector employees work for companies that don't have an employer sponsored retirement savings plan.
So Trump said he would do an executive order to get this across the finish line.
There was a plan that was already put in place by the Biden administration that's going to take effect next year.
We don't exactly know how this particular retirement proposal from Trump is different from that Biden one.
He said it's going to be different.
So that was one of the new things that we heard from Trump last night by way of changing up the economy.
He also talked about some of the things that he had proposed in the past that
haven't been taken up by Congress yet, like getting institutional investors out of buying homes, things of that nature.