Trump dismisses affordability concerns as Democratic ‘con job’ - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Health/Employee Benefits News
Newswires RSS Get our newsletter
Order Prints
December 2, 2025 Newswires
Share
Share
Post
Email

Trump dismisses affordability concerns as Democratic ‘con job’

Dave Goldiner, New York Daily NewsThe New York Daily News

President Trump on Tuesday dismissed concerns about affordability as a Democratic “con job” in a remarkable shift after recently latching onto the buzzword encapsulating widespread consumer worries about the cost of living.

Trump branded affordability as a “hoax” in a speech to his Cabinet in which he also downplayed the chances of the Republican Congress passing a deal to prevent looming big increases in health insurance premiums.

“There’s this fake narrative that the Democrats talk about, ‘affordability,'” Trump said. “They just say the word. It doesn’t mean anything.”

“The word ‘affordability’ is a con job by the Democrats,” he added.

Trump’s attack on criticism of his economic record marks a big shift from his recent efforts to talk up his concern about affordability and even to brand himself as the “affordability president” last week.

Trump amicably discussed the issue with Mayor-elect Zohran Mamdani at an ice-breaking White House meeting on Nov. 22 during which the incoming mayor recounted how his Democratic campaign won over working-class voters concerned about the high cost of living.

He has apparently decided that even using the word lends credence to Democratic attacks on his handling of the economy and inflation which Trump blames on former President Joe Biden.

“I inherited the worst inflation in history,” Trump said. “There was no affordability.”

Vice President JD Vance echoed Trump’s message, predicting that the U.S. economy would strengthen next year.

“It is absurd that Democrats talk about an affordability crisis that they created,” Vance said. “We are fixing the problem that Joe Biden caused. .. 2026 is going to be the year that this economy really takes off.”

Trump also offered some support to Defense Secretary Pete Hegseth, who is facing a mushrooming scandal over allegations that he ordered the killings of survivors from a September attack on supposed drug boats in the Caribbean.

Hegseth himself sought to pass the buck on the contentious decision, saying it was made by a top Pentagon general.

Trump faces a difficult political environment as he closes out the first year of his second term in office. Recent polls put his approval rating at around 40%, with even lower ratings for his handling of the economy and inflation.

Americans largely blame Trump’s tariffs for raising the prices they pay at the cash register and experts say companies will continue to pass the high levies on imported goods on to consumers.

The standoff on extending tax credits for Affordable Care Act health insurance policies could mark another blow to Trump as more than 20 million Americans are expected to suffer big increases in premiums if he cannot get Republican allies in Congress to agree to a deal.

The test of the White House message will come as the 2026 midterms edge closer and Democrats aim to flip the House of Representatives and put Republicans on the defensive in the Senate.

The GOP holds a narrow six-seat edge in the House, meaning Democrats would likely only need to flip a handful of seats to win control of the lower chamber and put a significant block on Trump’s right-wing agenda.

©2025 New York Daily News. Visit nydailynews.com. Distributed by Tribune Content Agency, LLC.

Older

As Open Enrollment Ends, Medicare Advantage Companies Focus on Profits Over Care

Newer

Strong Dollar Weighs on Copper Prices as Rate Cut Hopes Grow

Advisor News

  • Addressing the ‘menopause tax:’ A guide for advisors with female clients
  • Alternative investments in 401(k)s: What advisors must know
  • The modern advisor: Merging income, insurance, and investments
  • Financial shocks, caregiving gaps and inflation pressures persist
  • Americans unprepared for increased longevity
More Advisor News

Annuity News

  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Monday Session
  • Aspida Life and WealthVest Offer a Powerful New Guaranteed Income Product with the WealthLock® Income Builder
  • Lack of digital tools drives wedge between insurers, advisors
  • LIMRA: Annuity sales notch 10th consecutive $100B+ quarter
  • AIG to sell remaining shares in Corebridge Financial
More Annuity News

Health/Employee Benefits News

  • Novus Capitalizes on Cannabis Rescheduling, Releases Q1 2026 Growth
  • We can't afford to let Democrats lead health care 'reform' | Opinion
  • Expanding Medicaid coverage lowered death rates for young adults with kidney failure
  • GLP-1s: Rewriting the relationship between pharmacy benefits and stop-loss
  • Studies from Denise Wolff et al Have Provided New Data on Atopic Dermatitis (AMCP Market Insights: Beyond skin deep on the role of managed care in moderate to severe atopic dermatitis): Skin Diseases and Conditions – Atopic Dermatitis
More Health/Employee Benefits News

Life Insurance News

  • 3 ways AI can help close the gap for women’s insurance coverage
  • Best’s Market Segment Report: AM Best Revises Outlook on Italy’s Life Insurance Segment to Stable From Negative
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Monday Session
  • Dan Scholz to receive NAIFA’s Terry Headley Lifetime Defender Award
  • Best’s Special Report: US Property/Casualty and Health Insurers Exceed Cost of Capital; Life Insurers Narrowly Miss
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

Inside the Evolution of Index-Linked Investing
Hear from top issuers and allocators driving growth in index-linked solutions.

Press Releases

  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
  • RFP #T01325
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet