
President Donald Trump delivered an end-of-year address Wednesday night to tout economic accomplishments of dubious veracity and attribute hardships to anything other than his own policies.
On historically high housing costs, Trump blamed "the last administration [for bringing] in millions and millions of migrants and [giving] them taxpayer funded housing while your rent and housing costs skyrocketed." While deceptively intuitive, Trump's explanation is more xenophobic rhetoric than sound economics.