"He also asserted that anyone having difficulty making ends meet should just cut back on buying stuff. You can give up certain products. You can give up pencils Every child can get 37 pencils. They only need one or two, he said, adding: You don't need 37 dolls for your daughter. Two or three is nice. You don't need 37 dolls."
"The only thing that is truly going up big, it's called the stock market and your 401(k)s, Trump continued, apparently unaware that 92% of the stock market is owned by the richest 10% of Americans while most Americans own no stock at all. Just over a third have a 401(k), 403(b), 503(b) or Thrift Savings Plan. He was supposed to talk about affordability, but Trump's narcissistic brain seemed incapable of the minimal empathy to recognize the public's angst over the cost of living."
Trump opened a rural Pennsylvania speech with Christmas and New Year greetings and claimed lower prices and bigger paychecks under his presidency. He urged people struggling financially to cut back on purchases, citing examples about pencils and dolls while also benefiting from substantial crypto and stock gains. He boasted about the stock market and 401(k)s despite most Americans owning little or no stock and only about a third holding workplace retirement plans. He diverted to attacks on Ilhan Omar, windmills, transgender people, and Joe Biden, contributing to voter discontent and electoral shifts tied to affordability concerns.
Read at www.theguardian.com
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