What is Larry Jacobs talking about?

Each week, I watch Almanac and @Issue so you don't have to (said with more than a little sarcasm.) This week, one of the opening guests on Almanac was U of M Professor Larry Jacobs. Here's that interview:

I still don't know what Jacobs meant when he said "this is the speech he usually gives to the base of his party." Most of President Trump's rally speeches are long, rambling speeches that usually are stream-of-consciousness speeches. I'm betting that Prof. Jacobs doesn't watch many of President Trump's speeches. President Trump's speech, which I watched live from beginning-to-end, was short, to-the-point and filled wtih statistics to bolster his arguments:

This transcript will bear that out. For instance, his claim that prices are coming down fast was strengthened when he said "The price of a Thanksgiving turkey was down 33% compared to the Biden last year." Democrats' only argument is that the people aren't feeling like it's fixed. Again, President Trump answered, saying "Let's look at the facts. Under the Biden administration, car prices rose 22%, and in many states 30% or more. Gasoline rose 30 to 50%. Hotel rates rose 37%. Airfares rose 31%. Now under our leadership, they're all coming down and coming down fast. The price of a gallon of gas at the pump has dropped into the $2.50 a gallon or lower range. That'll change buying power immediately.

the dramatic gas price drop alone is changing buying power. Hint to Prof. Jacobs: just because Democrats insist that prices are still going up doesn't mean they're still going up. It's fair to say that Prof. Jacobs was right in saying this was a partisan speech. Democrats, led by Sen. Schumer and Hakeem Jeffries, have ben lying to the American people by saying that prices are rising. Wages are rising. Prices aren't.

It's predictable that this would be a partisan speech after Sen. Schumer lied so frequently prior to the speech. It's ironic that the CPI inflation report dropped the morning of the speech. According to the CPI, prices rose but by less than expected. Projected CPI was 3.0 but actual CPI was 2.7. Further, according to the Labor Department, wages are rising faster than prices, which increases buying power, too. The job isn't finished but things are heading in the right direction.

Finally, this might've been the best speech President Trump has delivered. It was focused, powerful and hard-hitting. I wish sll his speeches were like this.

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