Friends,
President Trump will deliver his State of the Union address to Congress on Tuesday night. In that speech, the President will lay out how he believes things are going in the country.
But I’m not concerned with what the President thinks. I want to hear from you.
How do you rate the “State of the Union” in America?
Here are the facts:
- Trump’s tariffs have cost American families $1,700 on average since they were imposed last year.
- Of the $3.4 trillion in tax breaks in Trump’s signature “big, beautiful bill” two-thirds go straight to the richest 10% of Americans.
- Inflation accelerated under the most recent Personal Consumption Expenditures (PCE) inflation report.
- 65% of Americans households can’t afford to buy a median-priced home.
- 6% of car loan borrowers are severely delinquent—levels seen only during the pandemic and the financial crisis.
- 25% of all student loan borrowers are in default, an additional 7.9 million people in the first three quarters of 2025 alone.
- Credit card debt reached an all-time high of $1.28 trillion.
- Consumer sentiment has plummeted.
Costs have been high since the pandemic, and Trump’s policies are making them even worse. And instead of working to make life more affordable for the American people, Trump has been busy:
- Deploying masked, lawless ICE agents to American communities, which have resulted in the deaths of American citizens and made Americans feel less safe.
- Assembling the largest force of warships and aircraft to the Middle East since the Invasion of Iraq in preparation for a potential war with Iran.
- Threatening to take control of Greenland after not being awarded a Nobel Peace Prize.
- Withholding funds for major infrastructure projects unless a train station and airport were named after him.
- Tearing down the East Wing of the White House to construct a new lavish ballroom, slapping his name of the Kennedy Center, and focusing on building a “triumphant arch” that will dwarf the Lincoln Memorial.
- Pardoning wealthy white-collar criminals that have defrauded and stolen from everyday Americans.
- Using the levers of government to enrich himself and his family, including a reported $500 million investment by an Abu Dhabi royal in Trump’s cryptocurrency in exchange for the administration approving AI chip sales to the United Arab Emirates.
Donald Trump’s policies have done little to make you better off, but a lot to improve his life and those of other billionaires.
So how would I describe the State of the Union?
GOOD if you are a billionaire, BAD for the rest of us.
Sincerely,
Jim