President Donald Trump spent the late afternoon rehashing his disastrous State of the Union, delivering lie after lie in Corpus Christi, Texas, subjecting Texans to yet another delusional campaign rally filled with falsehoods, weird distractions, gross anecdotes, and a shoutout to scandal-rocked Rep. Tony Gonzales. This visit was just another desperate effort by Trump to hide his record of failure: a blue-collar bust, slow job growth, stagnant wages, layoffs, high utility bills, rising grocery prices, soaring health care costs, and an out of control immigration crackdown that’s terrorizing communities across the country – the list goes on and on. Less than a third of Americans say they are better off than a year ago and Trump’s approval rating in Texas, a state he won by double-digits in 2024, is deep in the red at around negative 17 percentage points. The truth is, Trump and his GOP allies have spent the past year screwing working families, raising prices to benefit themselves and their powerful friends.
Here are the key facts about what’s actually happening in Trump’s terrible economy:
FACT: Trump Promised A Blue Collar Boom, The Opposite Has Happened
- Donald Trump promised a manufacturing and blue-collar jobs boom, but month after month, we’re losing blue-collar jobs. Over 108,000 manufacturing jobs were lost in Trump’s first year in office and there’s no end in sight with the manufacturing economy “going in reverse” according to the Wall Street Journal.
- Texas alone has lost 3,900 manufacturing jobs since Trump took office.
- Logistics, manufacturing, and supply-chain firms have started 2026 with a fresh surge of layoffs, facility closures, and bankruptcy filings, impacting more than 2,200 workers nationwide already.
- Nearly half of Texas businesses surveyed say they have been negatively impacted by Trump’s tariffs, including more than 70% of Texas manufacturers and 60% of Texas retailers.
FACT: Job Growth Has Slowed To A Trickle Under Trump, And Over A Million People Have Been Laid Off
- Trump claimed that jobs and economic growth are exploding in his Texas speech today, but the truth is layoffs hit 27,000 in Texas in 2025, with huge employers like Tyson Foods, FedEx, Chewy, TTEC, Texas Instruments, and more laying off hundreds of workers.
- Layoff announcements topped 1.1 million in 2025 – the most since the last time Trump was in office during the COVID-19 pandemic.
- The native-born unemployment rate has actually risen since Trump took office, and overall unemployment has risen to a four-year high of 4.6%.
- Wage growth has shrunk since Trump took office.
- 2025 saw almost no job growth at all. People are spending longer looking for jobs and millions of Americans are involuntarily working part-time or scrambling to string together multiple gigs just to survive.
FACT: Trump Promised To Cut Your Energy Bill In Half, But Costs For Texans Are Soaring
- Trump bragged today about his “historic American energy boom” and cutting the costs of energy, but he promised voters in 2024 that he would cut your energy bill in half and since he took office the exact opposite has happened.
- Overall energy costs are rising more than twice as fast as inflation and one in six U.S. households is behind on utility bills, owing billions to electric and gas utilities.
- Residential electric bills are up 17% nationwide, rising more than seven times faster than inflation overall, and retail gas prices are already up 3% this year.
- Three in four (73%) Americans are concerned about their electric and gas utility bills rising and 80% of Americans say they feel powerless over how much they are charged for utilities.
- Trump has threatened over $6.8 billion in Texas energy investments, cancelling, delaying, and forcing layoffs at seven energy-related projects. 28 Texas energy companies have cancelled or delayed projects, laid off staff, or lost federal funding since Trump’s election. Consequently, Texas energy costs are increasing by about $268.68 annually, an expected increase of nearly 30% by 2030.
- Texas utility providers are hiking rates across the state. Austin hiked local utilities by around $80 per year in November. North Texas’ primary natural gas provider, Atmos Energy, is pushing for a 10% rate hike at the same time as the region’s primary electricity delivery company Oncor is also seeking a rate hike. Just last week, state regulators approved a rate increase for El Paso customers.
FACT: Health Care Costs Are Going Up For Americans Under Trump, And Millions Will Lose Their Care All Together
- Trump talked at length about his fake health care plan that is “better and much cheaper than Obamacare,” but all his policies have done is drive premiums up for millions of Americans and throw millions more off their health care all together.
- Over 24 million Americans are seeing their health care premiums skyrocket an average of 21% this year. Premiums are increasing an average of:
- The Trump-GOP Big, Ugly Bill kicks nearly 15 million people off their health insurance and cuts $1 trillion from Medicaid. More than 3.7 million people across the state are seeing their coverage costs at least double on average this year after the Trump-GOP budget ripped away critical tax credits that make ACA coverage affordable.
- Hundreds of thousands of Americans are dropping coverage after Republicans ended the health care tax credits to fund tax breaks for billionaires and big corporations – and it’s only going to get worse. More than 1.7 million Texans stand to lose their health care.
- Nearly 9 in 10 Texans are concerned about the cost of health care, with two-thirds saying they are “very concerned,” according to a University of Texas poll, and 82% of Texas voters say they would support a candidate who reduced health care prices.
- Across the country, over 750 health care facilities, including hospitals and clinics, are at risk of closing or reducing services, forcing more Americans to travel farther for maternity care and emergency rooms, and face longer wait times and higher costs. Texas hospitals are estimated to lose $609 million a year due to Medicaid cuts alone.
FACT: Trump Said Today That The Price Of Almost Everything Is Coming Down, But Prices Are Still Soaring
- Trump claimed today that he’s driving core inflation down and “the price of almost everything is coming down,” but anyone can see that prices on everything are still soaring.
- Just this morning the Bureau of Labor Statistics announced that wholesale prices rose at a much faster-than-expected pace in January despite the president’s repeated claims that inflation is “over” now.
- Trump went on and on about the stock market and your soaring 401K – on a day when the Dow dropped 500 points, in part because of the “hot” inflation report that Trump pretended isn’t happening.
- A year into Trump’s term grocery prices are still rising. The overall cost of groceries in December was up 2.4% from a year ago. Meat, poultry, fish, and eggs all went up in price over the last 12 months, rising 3.9%. Coffee prices rose 20% in 2025, and beef and veal prices reached record highs in 2025, rising nearly 15%.
- 90% of Texas voters say they are concerned about food costs.
- Texas is among the top 10 states with the highest average weekly grocery bills, and among the top 15 states most cost-burdened by groceries, meaning household incomes are not keeping up with rising grocery prices in the state.
FACT: Trump Is Lying About Bringing Down The Cost Of Prescription Drugs
- Trump claims to be slashing drug prices at “record levels” by “600%” but the reality is that his “TrumpRx” plan does nothing to make drugs cheaper for most Americans and his Big Ugly Bill is costing seniors and taxpayers billions by delaying Medicare negotiations on popular and expensive cancer treatments.
- For many families, especially those with health insurance, purchasing medications through TrumpRx is actually more expensive than other alternatives. TrumpRx doesn’t include cheaper generic versions of many popular drugs, and it doesn’t allow patients to count their purchases toward their insurance deductibles.
- The Inflation Reduction Act, which passed without a single Republican vote, allowed Medicare to negotiate lower drug prices for seniors and is now saving seniors and taxpayers billions. Trump opposed the bill and actively fought its implementation. His Big, Ugly Bill is costing seniors and taxpayers billions by delaying Medicare from negotiating lower prices on many of the most popular and expensive cancer treatments.
- Trump entertained drug company CEOs at his Mar-a-Lago resort, solicited millions in donations, then spent the past year handsomely rewarding Big Pharma for their support.
FACT: Donald Trump’s “Favorite Word” – Tariffs Are Devastating The Economy And Driving Up Costs For American Families
- Trump barely mentioned his favorite word today even as he posted on Truth Social about a crazy scheme to have the Supreme Court’s ruling striking down his tariffs “readjudicated” somehow.
- Americans pay almost all of the cost of Trump’s tariffs – and his unhinged trade policies have cost the average American household nearly $1,200 since he took office.
- Prices have increased and American businesses are footing the bill for Trump’s tariffs.
- Texas importers paid the second-highest tariff bill in 2025, with the cost of Trump’s tariffs running around $21 billion in the state.
- In the first year of Trump’s second term, Texans paid an average of $1,210 more in goods and services. Trump’s tariffs will cost Texas households an average of $1,600 each by the end of 2026.
- Nearly half of Texas businesses surveyed say they have been negatively impacted by Trump’s tariffs.
- Trump said today that he’s bring down the cost of housing, but his policies actually promote a “nation of renters” and have done nothing to make homeownership more affordable. Housing costs are at an all-time high and the Trump tariffs are doing nothing but driving up new home costs by tens of thousands of dollars. The Center for American Progress estimates that tariff-induced higher building costs will lead to 450,000 fewer homes being built over the next five years, exacerbating the housing supply shortage.
- The Trump-GOP Big Ugly Bill takes food assistance away from at least 3 million Americans and eliminates school meal access for more than 18 million kids.
FACT: It’s Not “Fake News”: Americans Hate Trump’s Cruel Immigration Policies
- Trump bragged about his cruel and costly immigration policies and praised ICE for doing “such a great job,” but Americans hate what they’ve seen in the last year.
- Trump’s approval on immigration sits at a record low. The latest Reuters/IPSOS poll found a majority of Americans say Trump’s crackdown on immigration has gone too far. Just 39% of Americans approve of the job Trump is doing on immigration, down from 50% last February, and 58% say ICE agents have gone too far.
- A majority of Americans also disapprove of how immigration enforcement officers are handling their jobs, with a majority saying ICE’s tactics are “too forceful.”
- Since Trump took office, seven people have been shot and killed by federal immigration officers, including unarmed U.S. citizens. Dozens of others have been shot or seriously injured by “less lethal” munitions.
- There have been at least 13 instances of immigration agents firing at or into civilian vehicles since July, and more than 40 cases of immigration agents using banned chokeholds and other moves that can cut off breathing.
- More than a third of the roughly 220,000 people arrested by ICE officers in the first nine months of the Trump administration had no criminal histories. In the highest profile ICE operations in Los Angeles; Chicago; Washington, D.C.; and across Massachusetts, more than half of those arrested had no criminal record.
FACT: The SAVE America Act Will Block Tens Of Millions of Americans From Voting
- Trump said today that “we don’t want people who don’t love our country” to vote in our elections and pushed for passage of the SAVE America Act, a bill that would block tens of millions of eligible Americans from voting. Trump also falsely claimed that the SAVE Act would ban mail-in ballots because Democrats “drop them in the river.”
- Trump and the GOP’s SAVE Act will block millions of Americans from voting and disenfranchise many U.S. citizens – especially married women, Americans living abroad, and the approximately 21 million Americans who lack access to their citizenship documents like birth certificates and passports.
FACT: Americans Hate What Trump Has Done To The Economy
- Trump says that the economy is “roaring” and we’re entering a “golden age,” but Americans know the truth.
- Trump’s approval rating in Texas, a state he won by double-digits in 2024, is deep in the red at around negative 17 percentage points.
- Two-thirds of Hispanic voters in Texas believe President Trump and Republicans in Congress aren’t focused enough on economic issues.
- Since Trump took office, consumer sentiment has plunged by 26 percent and now sits near all-time lows, while the president’s approval rating on the economy has fallen deeply underwater.
- Just 35% of Americans approve of Trump’s performance on the economy according to the latest Reuters/Ipsos poll.
- 37% of Americans approve of how Trump is handling the economy, according to the latest AP-NORC poll.
- Just 36% of Americans approve of President Trump’s handling of the economy, according to the latest NPR/PBS News/Marist poll.
- 57% of Americans blame the current state of the U.S. economy on President Trump, according to the most recent Quinnipiac poll.
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