Voters must hold Trump accountable to his economic promises

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Former President Biden leaves behind a soaring U.S. economy that economists say is the envy of the world. With record-low unemployment, record-high stocks, rising wages and 3% annual GDP growth, some analysts say it will be a difficult task for Trump to perform as well as Biden has. Yet President Donald Trump campaigned on the idea that the U.S. economy was doing poorly, and this perception factored into how he won both the popular vote and the Electoral College vote.

Watch the video above as Straight Arrow News contributor David Pakman examines the economic challenges he says Trump will face in his second term and asserts that the public must hold Trump accountable for the ambitious promises he campaigned on.

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The following is an excerpt from the above video:

Right now, the average interest rate on a 30-year fixed mortgage is just over 7%. There is no doubt that homeowners, or potential homeowners, better said, can afford more homes when the interest rate, rather than seven on a 30-year fixed, is 6% or 5% or 4% or 2.875% as it was just some years ago. Can Trump bring that interest rate down? We will see. It’s not really in the purview of presidents. That’s another issue.

And then finally, where will deficit go? Where will debt go? Stock market performance [under] Biden, each of the last two years saw S&P500 performance of up 22%. These are very solid numbers for Joe Biden, and Trump ran on: “It’s a disastrous Biden economy, and I’m going to do way better.”

I hope Trump does succeed. I really do. But if in three months, if in six months, if in a year, the unemployment rate is up, inflation is up, the stock market isn’t performing well, the deficit is up even more, we have a responsibility to say, here’s what Trump promised. He failed to do it. Either way, we’re going to hold him accountable. I hope he does well. It’s his economy now.