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Trump's Economic Claims Face Criticism Amid Rising Unemployment

12/19/2025

Summary

Story summary

On December 18, 2025, U.S. President Donald Trump claimed wages rise faster than inflation, but wages are 3.5% and inflation is 3.0%.
He said gas prices are under $2, with the average at $2.90.
He claimed significant drug-price reductions, but evidence is lacking.
California Governor Gavin Newsom criticized Trump's focus on his 'Presidential Walk of Fame,' noting inflation and unemployment at 4.4% and signaling public dissatisfaction with Trump's economic management.

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Story summary

On December 18, 2025, U.S. President Donald Trump claimed wages rise faster than inflation, but wages are 3.5% and inflation is 3.0%.
He said gas prices are under $2, with the average at $2.90.
He claimed significant drug-price reductions, but evidence is lacking.
California Governor Gavin Newsom criticized Trump's focus on his 'Presidential Walk of Fame,' noting inflation and unemployment at 4.4% and signaling public dissatisfaction with Trump's economic management.