United States President Donald Trump insists he’s “created the greatest economy in the history of our country”, but to middle-class and poor Americans, argues economist Peter Atwater, the president sounds out of touch. Atwater tells host Steve Clemons that the economy has taken on a “K” shape, where the arrow pointing up indicates more wealth for the already rich, while the rest are pushed downward. Zohran Mamdani’s election as mayor of New York City earlier this month brought the US’s “affordability crisis” to the forefront, as more people wrestle with the rising cost of food, housing and basics – amid a “no hire” job market.
The Bottom Line