In a recent address to the nation, US President Donald Trump outlined his vision for an economic boom, while attributing high prices to his Democratic predecessor, Joe Biden. The president, who is nearing the end of his first year back in power, claimed that he has made significant progress in addressing the economic challenges he inherited. Trump asserted that prices for essential items like gas and groceries are “falling rapidly” and assured Americans that the country is poised for an unprecedented economic boom in 2026.
The president’s speech, which was broadcast live from the White House, also included a surprise announcement regarding a one-time “warrior dividend” bonus for 1.45 million US military service members. The bonus, which will be paid for using revenue generated from tariffs, is set at $1,776 per service member and is intended to be a symbolic gesture to commemorate the 250th anniversary of the founding of the United States.
Trump’s address was met with criticism from Democrats, who argue that the president is out of touch with the concerns of everyday Americans. Senator Chuck Schumer responded to the speech, stating that Trump “lives in a bubble completely disconnected from the reality that everyday Americans are seeing and feeling.” According to recent polls, a majority of Americans are dissatisfied with the president’s handling of the economy, with 57% disapproving of his performance in this area.
The president’s economic agenda is likely to be a key issue in the upcoming 2026 midterm elections, and Trump’s team has reportedly taken steps to address concerns about the economy in recent weeks. Trump has ramped up his domestic travel schedule, delivering speeches and campaign-style rallies in key states like Pennsylvania and North Carolina. Vice President JD Vance has also become increasingly involved in promoting the administration’s economic message, as he eyes a potential presidential run in 2028.
The US economy has been a major topic of discussion in recent months, with many experts pointing to the impact of tariffs and other trade policies on prices and employment. As the country approaches the midterm elections, it remains to be seen how Trump’s economic agenda will resonate with voters and whether his administration can deliver on its promises of an economic boom.