Voters no longer blame Joe Biden for the state of the economy, and Trump’s policies haven’t delivered.
Are Americans in a patient mood? The Trump administration certainly hopes so.
Give us time, the White House pleads. We’ll tackle the elevated costs of food, energy, medicine and other necessities that gobble up middle-income wages. We’ll address those housing prices—up more than 50% since 2019—which have made owning a home so difficult for first-time buyers. Stop all the grousing already. President Trump’s tariff strategy will work its magic any day now. We promise.
Treasury Secretary Scott Bessent has been telling anyone who will listen that things are already much better than people realize. “It’s been a great year on the economy,” he said in December, “but the best is yet to come.” Mr. Bessent predicts that 2026 will be a “blockbuster” year for economic growth once tax refunds arrive, more illegal immigrant workers are deported and the bells and whistles of the One Big Beautiful Bill Act kick in. The administration has “set the table,” he insists, and “Main Street is about to prosper.”
Continue reading the entire piece here at the Wall Street Journal (paywall)
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Jason L. Riley is a senior fellow at the Manhattan Institute, a columnist at The Wall Street Journal, and a Fox News commentator. Follow him on Twitter here.
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