Trump's Take on the Economy: A Different Perspective

In a recent appearance on Fox News, former President Donald Trump shared his views on the state of the U.S. economy.

Economic Strength and Political Motives

Trump dismissed negative economic news as politically motivated, suggesting it's a "con job by the Democrats." He argued that major news networks are fed negative economic messages by Democrats, which are then repeated by anchors.

"The economy is stronger than ever," Trump claimed, despite data showing inflation at its highest since January.

He pointed to a 3.8% annualized growth rate in the second quarter as evidence of economic strength. However, consumer prices rose by 3% in September compared to the previous year, indicating that inflation remains a concern.

Defending Economic Policies

Trump defended his economic policies, stating that costs are "way down" across the board. He mentioned that gasoline prices have decreased significantly since his presidency, although current prices are still higher than what he claimed. The average price for a gallon of gas in the U.S. was $3.072 on Tuesday, according to AAA.

Proposed 50-Year Mortgage Option

The conversation also touched on a proposed 50-year mortgage option by his administration. Critics argue that this would lead to Americans paying more in interest over the life of the loan. Trump defended the idea, saying it would mean lower monthly payments, but acknowledged that it might not be a significant factor.

Controversial Demolition of the East Wing

Trump also discussed the controversial demolition of the East Wing to make way for a new ballroom. He described the East Wing as a "poor, sad sight" that had been renovated multiple times and didn't align with the original building's design.

"The new ballroom will be one of the greatest in the world," Trump stated, defending the decision.