America’s economy has a perception problem: People think it’s weak, because prices are high. In reality, the economy is growing strong – probably too strong.
Handing out $5,000 checks to every American adult if Republicans win the midterms could initially help make folks feel better about the economy. Everyone loves free money.
Except it isn’t free.
Doling out stimulus checks when unemployment is low, inflation is high and growth is robust would raise prices even faster while adding significantly to America’s growing debt load, potentially creating a true economic problem that could cause significant pain for the people Trump’s checks would be trying to help.
President Donald Trump on Wednesday promised that if Republicans hold Congress in November, he would authorize a “dividend” for American citizens. He didn’t specify how that would be enacted or funded, although Vice President JD Vance later suggested on Fox News that tariff revenue could at least in part fund the checks.
