| Enjoy this newsletter? Forward it to someone else who'd like it! If this email was forwarded to you, sign up here. Did you hear something fact-checkable? Send it here; we'll check it out. Trump campaign ad is stuck in an economic time warp Five days after the Federal Reserve cut interest rates because officials believed inflation had eased significantly, the Trump campaign released an ad that acts as if the economy was still in trouble. The ad appears intended to blunt momentum that Vice President Kamala Harris has gained with voters on whether she can handle the economy. We took a tour through the points made in the ad, including: - "Their 'Bidenomics' led to the highest inflation in 40 years." (Inflation hit 9 percent in June 2022, but now it's 2.5 percent, roughly equal to the inflation rate in January 2020 when Trump was president.)
- "Highest gas prices ever." (That's also 2022, and gas prices are much lower now. Adjusted for inflation, gas prices under Biden did not reach a record high.)
- "Incomes down" (Median household income fell for three straight years, including Trump's last year in office, but two weeks before the ad was released, the Census Bureau reported that real median household income rose four percent in 2023, to $80,610, the first increase since 2019.)
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