Solving Biden’s Affordability Problem | RealClearPolitics

Tuesday night, White House bigwigs Susie Wiles and James Blair, plus chief pollster and strategist Tony Fabrizio, met with top cabinet members and their aides on how best to sell the president’s agenda in order to defy history and capture the midterm elections.

And according to reports, the number one conclusion was that the economy is the number one issue. Well, gee whiz, I could have told them that. Free of charge. I do it here every night. 

I’ve been saying it for over four decades. Yet there’s a lot of doom and gloom about a bunch of phony polls. And fake news from the left-wing press, that has almost created a self-fulfilling prophecy.

Well, I hope that the whole gang who met at the Capitol Hill club left with a sense of optimism because you’ve heard me saying right for many months, that Trumpian policies have generated a boom. 

And that boom has already started. And it’s generating 4 percent-plus growth. I know you can’t eat GDP, but you can eat groceries, or buy essentials at the local Walmart.

So, here’s the key point; take-home pay is rising. It turned the corner upward. The National Economic Council director, Kevin Hassett, keeps telling folks that already wages less inflation are up about $1,400. And they’re gonna keep on rising.

What we’ve learned is that business tax cuts and deregulation benefit the wage earner first.

It stands to reason A healthy business is necessary to not only hire employee, but also to give them raises. And that’s exactly what’s happening. Corporate profits are going up. 

Businesses are making use of the Trump tax cuts, and deregulation and the “drill, baby, drill” push, which has employment going up, and wages are rising faster than inflation.

And by the way, another good talking point is the tax refunds for tips income, overtime pay, and seniors, an added bonus, that will come this year to an all time record of something around $2,500. It’s an almost $4,000 increase in take-home pay.

And gasoline has dropped below $3 a gallon and will fall much more after the Iranian war jitters come to an end. Talk about kitchen table. 

Our friend John Carney has identified over 70 grocery and other key prices that actually fell in January. And another 40 that fell year on year. My favorite is eggs, with a nearly 35 percent drop after all of the hullabaloo that the agriculture secretary, Brooke Rollins, solved.

And politicians may scoff, but the booming stock market is adding wealth to over 135 million people. And federal jobs are falling big time, while private sector jobs are soaring.

Business is good. America is a prosperous country here in 2026. Growth is unlimited. Affordability was Presiddent Biden’s problem. Yet it has become President Trump’s solution.

I’m sure all the high-powered politicos meeting on the election know all about this, but I thought I might offer a general reminder. To quote a friend of mine: America is the hottest country in the world. And you know what? Americans know this full well.

Larry Kudlow is a columnist for the New York Sun. From Mr. Kudlow’s broadcast on Fox Business Network.