THE DAILY BLAST with Greg Sargent Trump Ballroom Fiasco Takes Bad New Turn as Economic Data Gets Brutal
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Oct 30, 2025 Elizabeth Pancotti, managing director at the Groundwork Collaborative, dives into troubling economic signals like mass layoffs, expiring SNAP benefits, and soaring health-care premiums. She highlights the growing disconnect between President Trump’s lavish ballroom project and the hardships faced by millions. The conversation also uncovers public backlash against this opulence amid worsening economic conditions. Pancotti urges Democrats to leverage this discontent and articulate positive affordability plans to reclaim the narrative on economic issues.
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Costs Are Rising Across Multiple Fronts
- Inflation and policy choices are combining to keep prices stubbornly high for consumers.
- SNAP cuts, rising premiums, and tariffs are souring consumer sentiment and expectations.
Health And Food Cliff Loom Together
- Health insurance premiums on the ACA exchange will spike sharply when subsidies lapse.
- Millions relying on SNAP will face missed benefits during the shutdown, worsening affordability.
Job Claims Don't Match The Data
- Trump's claim he created a record number of jobs is false and misleading.
- Much of recent job growth is concentrated in one sector and overall labor market strength has weakened under his term.