Yesterday’s News 2025 12 25

curated news excerpts & citations

President Donald Trump speaks in the library at Mar-a-Lago on March 4, 2024 in Palm Beach, Florida. | Alon Skuy/Getty Images

Politico: Trump’s ‘Golden Age’ has arrived for the top 10 percent

… the robust numbers mask the extent to which the wealthy are driving growth. And while business leaders from Manhattan to South Florida are bullish on the outlook — “It’s the Roaring ’20s here in Palm Beach County,” said Douglas Evans, the president of the Palm Beach Chamber of Commerce — that view is not shared by most voters.

In survey after survey, a majority of Americans say they’re straining under the pressure of rising living expenses and a softening job market. The Federal Reserve Bank of Boston says low-income consumers have “substantially” higher levels of credit card debt than they did before the pandemic.

Even as growth and asset prices soar, Trump’s approval ratings are sagging. For some of his allies, that’s baffling.

(Politico more…)


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