NATIONAL NEWS

A ‘golden age’ vs. ‘we’re working on it’: Trump and Vance give different pitches on the economy

Oct 20, 2026, 9:01 PM

President Donald Trump speaks in the Oval Office of the White House, Tuesday, Oct. 20, 2026, in Was...

President Donald Trump speaks in the Oval Office of the White House, Tuesday, Oct. 20, 2026, in Washington, as Vice President JD Vance listens. (AP Photo/Jacquelyn Martin)
Credit: AP Photo/Jacquelyn Martin

(AP Photo/Jacquelyn Martin)

WASHINGTON (AP) — President Bill Clinton famously said he could feel voters’ pain over the economy. But these days, when it comes to questions about high prices, President Donald Trump insists that the pain is his.

“They hit me with affordability, and that’s the first time I ever heard the word used,” he complained in Nebraska earlier this month.

The White House leaves Vice President JD Vance to use a softer touch. Last month in Texas, he admitted “there are people out there who are frustrated by the pace of progress.” And during a CBS News town hall on Saturday, Vance said, “I recognize that gas prices are too high right now” and “we’re working on it.”

Depending on which Republican is speaking, Americans are getting a different perspective on how bad things are with the economy. Trump says “the golden age of America is upon us.” Vance walks a tightrope to show that he knows voters are feeling an economic pinch while still selling them on Trump’s agenda.

The disconnect comes as Americans’ confidence in the economy sank to the lowest level in more than a decade this month, the average long-term U.S. mortgage rate jumped this month to its highest level in nearly three years and the unemployment rate ticked up last month.

Recent economic data released this month shows that high gasoline prices are intensifying inflation and more expensive oil and gas have begun to push prices up in other parts of the economy.

While most of Trump’s supporters don’t hold him at fault, some acknowledge that the president’s penchant for salesmanship may not hit the mark.

“I think he talks it up,” said Conda Little, a 76-year-old retiree who went to see Trump in Dalton, Georgia, on Friday. “I think Vance is more real.”

Little takes the president at his word that he will achieve a victory over Iran in a way that benefits U.S. consumers back home. But she said it’s impossible to deny the fallout from the conflict.

“Everybody’s real upset about the gas” and “groceries are out of sight,” she said. “It’s hard. It’s really hard,” she said, adding that, “I think that people need to hear the truth.”

‘We need to do more’

Trump is loath to acknowledge concerns. He told reporters earlier this month that he gives himself “an A+ on the government, on economics, on everything.” He has dismissed concerns about high costs, arguing that concerns about affordability are a “hoax.”

“We’re in the golden age of America. So our nation is doing better now than ever before,” he told a crowd in Kentucky on Saturday while campaigning for Republican candidates.

Trump has occasionally acknowledged that gas prices are high, but has called it “a small price to pay” for keeping the country and the world safe with the Iran war.

Trump’s discordant message with one of the top concerns voters are voicing ahead of the midterm elections has seemed heightened by his fixation on beautifying Washington and building a large ballroom at the White House.

During a visit this month to an economically struggling corner of Arizona, he regaled the crowd with the story about how he ended up with a luxury jet gifted by Qatar to use as Air Force One.

Vance, as he crisscrosses the country, is quick to say that the administration has more work to do.

To cast blame, the vice president often says that his administration’s Democratic predecessors put the country in such a deep hole that they need more time to climb out.

To show empathy, he often references his own experience growing up in a working-class family in a Rust Belt town. That’s far different than Trump, who comes from a wealthy family, is a billionaire and even joked during his speeches on Friday and Saturday that if people have lunch at his Mar-a-Lago club, “for $5,000, you’ll get one hamburger and a small dessert.”

Vance, during a CBS News town hall that aired on Saturday, said: “I grew up in a working-class family. When gas prices were high, I know that it made my grandmother suffer, and I’m sure that you’re struggling with it in a variety of ways.”

When asked by the moderator about the mixed message he and Trump are giving on the economy, Vance said Trump was speaking about new investments coming into the country, but said the changes take time.

“We need to do more, and we can certainly do better,” he acknowledged.

Many Trump supporters trust his pitch

Some voters said Trump’s rosy view on the economy turns them away, like Santiago Rodriguez, a 19-year-old Texas college student who will be voting for the first time this year.

Rodriguez, who attended a campaign rally last week for Democratic Senate candidate James Talarico, said he would consider voting for a Republican but not while Trump is in charge because he doesn’t grasp the high cost of living for Americans.

“I think he’s out of touch, I think he’s never seen what a true day as a Texan or anybody in general who is in the working class,” Rodriguez said.

Trump’s most loyal supporters aren’t interested in blaming high prices on anything the president has done.

Cindy Massengill, a 67-year-old who came to see Trump in Dalton, Georgia, said she felt he’s doing the best he can.

“I’m positive that he’s got done more than any other president after the mess we were left with Obama and Biden,” she said.

Mary Bunker, a 67-year-old Republican who attended Trump’s Monday rally near Wichita, Kansas, said she works multiple jobs, including as a waitress and DoorDash driver.

She feels the pressure of high gas prices, but she likes the tax breaks that Trump signed into law last year and she doesn’t fault the way he speaks about economic concerns.

“I think he’s a very good businessman,” Bunker said. “He’s been in business a long time, so I think he knows what he’s talking about.”

___

Associated Press writers Bill Barrow in Dalton, Georgia, Jesse Bedayn in San Marcos, Texas, and Nicholas Ingram in Park City, Kansas, contributed to this report.

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A ‘golden age’ vs. ‘we’re working on it’: Trump and Vance give different pitches on the economy