President Trump sat down for an extensive interview with former National Economic Council Chairman Larry Kudlow from Fox Business News. {Direct Rumble Link}
Within the interview President Trump first starts talking about the Fulton County, Georgia, prosecution by Fani Willis, then shifts to discuss the current state of the economy and the outcomes of Bidenomics. WATCH:
Part 2 below:
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Fortunately, we do not have to guess which candidate has the right path. We have President Trump’s actual economic policy results to look at and see how the expansion of the economy was creating the type of growth that would sustain Social Security and Medicare. This was/is MAGAnomics at work.
…. Make America Great Again!
We know it works, because we have the results to cite.
It was the Fourth Quarter of 2019…..
Right before the pandemic would hit a few months later…. Despite two years of doomsayer predictions from Wall Street’s professional punditry, all of them saying Trump’s 2017 steel and aluminum tariffs on China, Canada and the EU would create massive inflation, it just wasn’t happening!
Overall year-over-year inflation was hovering around 1.7 percent [Table-A BLS]; yup, that was our inflation rate. The rate in the latter half of 2019 was firmed up with less month-over-month fluctuation, and the rate basically remained consistent. [See Below] The U.S. economy was on a smooth glide path, strong, stable and Main Street was growing with MAGAnomics at work.
A couple of important points. First, unleashing the energy sector to drive down overall costs to consumers and industry outputs was a key part of President Trump’s America-First MAGAnomic initiative. Lower energy prices help the worker economy, middle class and average American more than any other sector.
Which brings us to the second important point. Notice how food prices had very low year-over-year inflation, 0.5 percent. That is a combination of two key issues: low energy costs, and the fracturing of Big Ag hold on the farm production and the export dynamic:
(BLS) […] The index for food at home declined for the third month in a row, falling 0.2 percent. The index for meats, poultry, fish, and eggs decreased 0.7 percent in August as the index for eggs fell 2.6 percent. The index for fruits and vegetables, which rose in July, fell 0.5 percent in August; the index for fresh fruits declined 1.4 percent, but the index for fresh vegetables rose 0.4 percent. The index for cereals and bakery products fell 0.3 percent in August after rising 0.3 percent in July. (link)
For the previous twenty years food prices had been increasingly controlled by Big Ag, and not by normal supply and demand. The commodity market became a ‘controlled market’. U.S. food outputs (farm production) was controlled and exported to keep the U.S. consumer paying optimal prices.
President Trump’s trade reset was disrupting this process. As farm products were less exported the cost of the food in our supermarket became reconnected to a ‘more normal’ supply and demand cycle. Food prices dropped and our pantry costs were lowered.
The Commerce Dept. then announced that retail sales climbed by 0.4 percent in August 2019, twice as high as the 0.2 percent analysts had predicted. The result highlighted retail sales strength of more than 4 percent year-over-year. These excellent results came on the heels of blowout data in July, when households boosted purchases of cars and clothing.
The better-than-expected number stemmed largely from a 1.8 percent jump in spending vehicles. Online sales, meanwhile, also continued to climb, rising 1.6 percent. That’s similar to July 2019, when Amazon held its two-day, blowout Prime Day sale. (link)
Despite the efforts to remove and impeach President Trump, it did not look like middle-class America was overly concerned about the noise coming from the pundits. Likely that’s because blue-collar wages were higher, Main Street inflation was lower, and overall consumer confidence was strong. Yes, MAGAnomics was working.
Additionally, remember all those MSM hours and newspaper column inches where the professional financial pundits were claiming Trump’s tariffs were going to cause massive increases in prices of consumer goods?
Well, exactly the opposite happened [BLS report] Import prices were continuing to drop:
This was a really interesting dynamic that no-one in the professional punditry would dare explain.
Donald Trump’s tariffs were targeted to specific sectors of imported products. [Steel, Aluminum, and a host of smaller sectors etc.] However, when the EU and China respond by devaluing their currency, that approach hit all products imported, not just the tariff goods.
Because the EU and China were driving up the value of the dollar, everything we were importing became cheaper. Not just imports from Europe and China, but actually imports from everywhere. All imports were entering the U.S. at substantially lower prices.
This meant when we imported products, we were also importing deflation.
This price result is exactly the opposite of what the economic experts and Wall Street pundits predicted back in 2017 and 2018 when they were pushing the rapid price increase narrative.
Because all the export dependent economies were reacting with such urgency to retain their access to the U.S. market, aggregate import prices were actually lower than they were when the Trump tariffs began:
[…] Prices for imports from China edged down 0.1 percent in August following decreases of 0.2 percent in both July and June. Import prices from China have not advanced on a monthly basis since ticking up 0.1 percent in May 2018. The price index for imports from China fell 1.6 percent for the year ended in August.
[…] Import prices from the European Union fell 0.2 percent in August and 0.3 percent over the past 12 months.
So yes, we know President Trump can save Social Security and Medicare by expanding the economy with his America First economic policy. We do not need to guess if it is possible or listen to pundits theorize about his approach being some random ‘catch phrase’ disconnected from reality. Yes folks, we have the receipts.
This was MAGAnomics at work, and this is entirely what created the middle-class MAGA coalition. No other Republican candidate has this economic policy in their outlook because all other candidates are purchased by the Wall Street multinationals.
America First MAGAnomics is unique to President Trump because he is the only one independent enough to implement them.
That’s just the reality of the situation. They hate him for it…
- Donald Trump American Solutions Part I
- Donald Trump American Solutions Part II
- Donald Trump “America First” Conservative Solutions Part III
- Donald Trump “America First” Conservative Solutions Part IV
Author’s note as said in 2016: “If I absolutely did not believe this economic model was doable, I would never expand the concept and place advocacy upon it. I am an absolute believer that we can, as a nation, reignite a solid manufacturing base and generate an expanding middle class.” Yes, I bet on Trump, and he was right.
This is the way.
I see what you did there
This is the Way
.
“They have asked me, who is our biggest threat? Is it Russia, China, North Korea, Iran? And I always say, no, our biggest threat is from within the leftist democrat party.” ~ President Trump in an interview with Tucker Carlson at Fox News before Carlson was fired in 2023.
Absolutely!
Absolutely!
”We would have had more oil than Russia and Saudi Arabia combined, and paid down our debt like you’ve never seen before.”
Ditto
Everyone except Trump is bought and paid for.
That is a FACT!
“If you asked him what does MAGA mean he wouldn’t know what to say, it means Make America Great Again, I ont think he undwhat that means.” ~PDJT
“He is the most Anti-business president we have ever seen”- Kudlow
Amazing interview and a great summary. Thanks for the post, Sundance!
IMO and likely the majority of CTH readers too.
The blame for this falls squarely on the Republicans in Arizona, Georgia and the Turtle.
President Trump will be back in the W.H.
Cheers!
From your lips to God’s ears…. God speed President Trump
The RNC, Congressional Republican leadership and EVERY State Republican party’s Executive Committee, not just Az. and Georgia.
ALL 50 State R party Executive committee members are ANTI-MAGA and ANTI-TRUMP.
idiots still associate the covid lockdown period as PDJT’s economy. the pretending to not know to keep current beliefs.
Maybe Larry will now follow Lou Dobbs out the door.😏
Its very possible.
FAUX is very hostile to President Trump.
Not only have we seen what President Trump can do with the economy, He has seen the total corruption in DC and will be able to deal with it this next term.
President Trump is almost bigger than life!
We so admire President Trump.
Please do all possible to get him re-elected.
Nothing is too small of a contribution – time, money, talking him up etc..
Look how he is going to bat for us.
Trump 2024
Ned i started sending D.J.T money every time he got indicted its getting kinda spendy but i’m all in for now it was my small way of giving these corrupt pricks the middle finger MAGA be well treepers
R.D.
is there any starker contrast than listening to PDJT speak and the cadaver-in-chief.
Oh now we miss this real man! Smart, caring, and kind. Great interview, Larry!
Gee, I just don’t know…why would anyone want to vote for a successful businessman who achieved what President Trump did in 4 years while under constant attack from all sides, especially when one views the so called achievements of Biden and his pals after this “the big lie” 2020 election?
I must be crazy, but right now I do not see anyone close to what President Trump seeks to do and has a vision so close to mine.
I guess I will just have to hold my breath and vote for Donald Trump…again! I learned about holding my breath from the NRA classes I took as a kid.
Bullseye!
“America First MAGAnomics is unique to President Trump because he is the only one independent enough to implement them.”
It’s more than that, Sundance. Trump is the only one who is a DEEP GENIUS, and it is his genius at economics combined with his independence that made it happen.
Trump is a deeper genius than either Mozart or Einstein or even Tesla.
President Trump is the only one that could deliver but we need a solid vice president and that would be Kari Lake.
The infamous Fulton County.
The Cook County of the South.
Cook County has had press coverage since Al Capone. Fulton has never had any to amount to anything.
From a former multi generational native of the Atlanta area, Chicago and NYC were a bunch of amateur punks. The “denied to exist” Dixie Mafia made the ‘families’ look like a bunch of over blown, over dressed, over dramatic, over rated bunch of clowns. Omertà is a joke! Dixie had one irrevocable rule enforced to the max – don’t snitch! NO ONE ever lived to even make a credible statement.
Has it ever occurred to anybody why the Mafia/Mob could never penetrate the ‘Capital of the South’ though they had presences in New Orleans, Tampa, Miami?
They tried and made a little headway in the late 80s thru early 2000s and got shut out, legally and unofficially. Russian Mafia tried too. Spent a shit load of money. Didn’t work out to good for them.
There ain’t nothing like Atlanta!!!!! You can’t even imagine in your wildest dreams.
Yes… as now a 10 year resident of the south from the northeast this is absolutely true. Its a different world down here and if you weren’t born here you’re not invited. Its subtle at first but give it a bit.. you’ll see…
Crook county.
A pox on both!
“Chairman Comer is now writing a strongly worded letter to the National Archives ….
…..apparently Comer is hot on the trail.”
Oh Sundance, love how you write
Wrong thread
sorry
One plastic bag of groceries at my local Safeway … ONE … just purchased this evening cost $85.00. One BIG item, a discounted tray of New York Steaks (4) for $38.00. The rest was salad fixings: romaine & iceberg lettuce, bell peppers, cucumbers, corn, half and half … and that’s about it. $85.00.
FJB … hard … with a rusty pipe
“One plastic bag of groceries at my local Safeway”
Wow, you’re allowed to use plastic bags at the grocery?!
In NYC plastic bags are verboten, comrade.
https://newyorkbitchfest.substack.com/p/save-the-trees-use-plastic
WA too. I take in my old ones and use them.
I bought a few boxes of 1000 of them and I get a few uses out of each bag
Once in a while someone will notice and comment
In WA we have to pay $.08 per plastic or paper bags from any store!
Another thing you may not realize. Did you know that no matter how much you spend on a dwelling in NYC, you can’t have a garbage disposal. The garbage-collecting unions say no, so you can’t cut your waste by more than 50% by using a disposal. Better to smell up the streets whenever the garbage collectors go on strike.
Probably true but also consider the number of high – rise apartment buildings in NYC, it is a plumber’s nightmare. This is why Sandy Cortes did not know what the device was attached to her kitchen sink drain in her DC apartment, although I am slightly surprised that her childhood home in Westchester Co. did not have one.
In order to get my plastic bag … I pay 10c … and endure the sneers from the checker, bagger, and patrons in line
Any kind of grocery bag in Colorado costs .10 each. We take our own bags in. Ridiculous.
Our plastic grocery bags are still free in Ga but we make up for it by indicating our President….
Kenji: Similar experience for me, today, at Trader Joe’s (brought my own bag rather than pay 10 cents.) One bag, not full. Almost any kind of fresh protein (meat, poultry, fish) is particularly expensive. Once, these items were just the foundation of a decent meal. Now they are a luxury.
My beef purchases are 50% of what they used to be. Why? Cost. I refuse to pay $14.99/lb for beef. Oh well … I guess the vegans and heart association have got their wish … and I am eating far less red meat. But I don’t like it. Not a bit
My wife just paid a 400 dollar electric bill. Bidenomics isn’t making me rich no matter what the fake president says.
Our water/sewer bill was just $300, trash collection is almost $200/ month!
Yea he sure sounds like a threat to democracy.
My god this world is insane.
🇺🇲♥️We love you Donald Trump!♥️🇺🇲🦁👑🇺🇲♥️
I love Kudlow
Me too
While in the Military, back in the days,
I took a couple of college courses off base.
I remember the subject of oil being discussed
and taught, being that oil here in America was
vast in quantity and even quality, versus to what
Trump mentioned regarding the Sour and low quality
outside the U.S. Drill Baby Drill is correct.
Semper Vivium
STOP buying conflict OIL.
Thank you Mass Psychosis. I have been to Hungary and the Czech/Slovak Republica as well. I have friends that are like family to me that live here in the US ,speak the Hungarian language. So do their children.
This guy “gets” Biden. He and his cronies have been working hard to strip and destroy the USA of its culture. I don’t like them telling what to think and believe either.
SPIT on that.
Hey, SD. Apples apples. Can you put the Feb-Aug inflation graphic/chart you have above (food energy) with the same time period in 2021 and 2022? We can show our wayward friends.
Important Note to Consider:
Everyone has heard you can use a Grand Jury to Indict a Ham Sandwich.
GA published the Indictment hours before the Grand Jury deliberated or voted. They could publish the Guilty Verdict + Sentence now if they wanted to… Just like they gave Alex Jones the Nuclear Option by defaulting him in 3 different Courts in 2 States.
X% will still believe that this is not possible. Not in America. That they can’t possibly Convict + Sentence Trump for non-crimes. Even though cherry-picking a corrupt county in different Dem Strongholds to fix cases is FAR EASIER than fixing a National Election + preventing it from being overturned + people from going to prison…
What I wanted to highlight today is far more troubling than the above, if you can believe it:
In the Boys Town/Franklin Coverup/Conspiracy of Silence – not only was the lead investigator blown up with his child in their private plane – not only did the Grand Jury FAIL to indict anybody for Trafficking Children for Elite Ritualistic Sex Parties – as over 60 youths had claimed to investigators – the ONLY people who went to Prison were 2 victims who refused to recant their sworn, videotaped testimony + testimony they gave the Grand Jury.
They told a UK crew making a documentary – the FBI (after leaking the testimony to a hostile MSM) told them, if they stuck to their claims, they would go to prison for perjury ——— and they did.
The Production Company that did the documentary was bought out shortly before it was to air in the UK + a few weeks before it was scheduled to air in the US on the Discovery Channel.
— The only reason we know about the documentary today is – someone in the company snuck an unfinished copy out + when the Internet grew in bandwidth gave it life… Links get taken out after awhile but too many people have copies to upload…
—— How worse are things today compared to the past…?
I can’t really tell. Extreme Crimes were far easier to hide in the past – including hiding the coverups + fake Investigations.
We used to believe a Special Prosecutor was a very big deal in terms of the Accused being in trouble….
…Now we know they are primarily a Delaying Action to seek + destroy evidence or at least kick it down the road for years until nobody cares any more….
I wonder how the sdepirs will describe this post….
In those clips, Biden smiles when he lies.
Some people are just blinded when it comes to their form of corruption! Lord, please open people’s eyes!
Just saw the Vivek interview with Tucker that will no doubt be up here shortly. Tremendous, great intellect and ability.
But it stands out to me that he would never stand up to what Trump has, and will.
Trump is totally unique in his ability to know the right path, state it brutally real, and leave nothing coherent left to be said.
Monday needs to be the best ever from him.
It’s not rational, just a hunch,
But I’m starting to believe that all these indictments are about to collapse into an unprecedented disaster for Biden.
I don’t know if it’s wishful thinking or faith.
The current basketball coach at my old high school is closing in on 1000 wins. We are decently acquainted, and he told me a few years back that he makes sure all his players understand that basketball and life share a common trait. Both are a game of streaks, nothing stays the same, and you better be on when the third quarter starts.
The situation may look bleak, but Biden, well, the democommunist et al, have had everything go their way in the first half.
They will fold under a full court press.
Trump is not doing Monday now…
The Indictments are not just an unmitigated disaster for Biden the figurehead, they are an unmitigated disaster for those behind the destruction of America.
They spent 2 1/2 years, blocking any legal challenge to the 2020 election, only to indict PDJT in Ga. on charges that inherently insure his defence will be presenting evidence thecelection was stolen; the very evidence they fought so hard to insure did NOT get heard in any court.
The Classified docs case, will ultimately affirm the POTUS has authority over National Security, and is under no obligation to defer to the I/C on any matters of National Security.
Since they were going to just make up sh*t as they go, WHY in the heck did they bring THESE charges against PDJT, as the eventual decisions will be just the opposite of what they want, and what is in their self interest?
Because they ARE insane,..
Liberalism is a mental disorder.
It’s a pretty good book, too.
The judge could make decisions that prevent valid evidence from being introduced and make it impossible for his lawyers to defend him. Don’t forget the entire system — including the judges and perhaps even the juries — are corrupt.
PDJT’s economic policies REVERSED thecexfiltration of wealth, or at least BEGAN the process.
Theres a LOT more $ available that he just barely began to tap into; Covid halted his initiatives, and he has indicated he was preparing to go after EU, with tariffs, the same way he had gone after China.
He is the ONLY Candidate that is, and credibly CAN campaign on preserving SS and medicare, and all Uniparty candidates are committed to cutting it.
Credible, BECAUSE his economic policies will bring so much wealth into our economy that funding SS, medicare, paying down debt while lowering taxes, actually repairing our infrastructure are all easily doable.
Even Joe Rogan has stated the economic arguments, for why he will vote for PDJT in 2024.
Wow.
Great Job Larry!
This is what happens when someone with authority implements standard business management practices to an institution that has always operated 180 deg differently. I’ve heard the howls from left… its not a business… true but it should be operated like one
In the dark and dangerous world… yes,
This IS the way
No offense meant to anyone, but I do not like nor trust Larry Kudlow, the same way I do not like, nor trust Jenna Ellis. Kudlow made a remark about Russia being a glorified gas station at a somewhat recent PAC event. Three other people made a similar comment: John McCain, Mitt Romney, and Ron DeSantis. He’s in “good” company.
How freaking stupid does the corrupt criminal Biden think we are?????
“Let’s go Brandon and the democrats and the GOPe!”
Biden + (3 ex-presidents and their leave behinds) vs President Trump and his MAGA America First Movement, aka
……………. globalists vs Americans, aka
………………….. bad vs good
MAGA 👊👊🇺🇸🇺🇸🙏🏻🙏🏻❤️❤️
It’s Trump or Bust. PERIOD. No one else can do it. You have a circus of clowns campaigning to do what has always been done. We’re done with that nonsense. Time to roll up sleeves and get to work. No MORE parasites!
Endless thanks for you Sundance!
We LOVE you too.
Trump 2024
Trump is one of the great communicators in American history, but he’s not very good at going into the details about why his actions worked. He’s a big-picture guy; he sets the ship in the right direction, and lets the currents and wind do the rest.
Not blowing smoke up his ass, but I’m not convinced Trump could explain his own economics as well as Sundance explains it.
The polling concluded that in 2020 trump voters voted on satisfaction with trump economy economy but Biden voters voted on fear of Covid. That is why White House already requiring masks in airports and planning lockdowns again before the election and already talking about new Covid variants. I think gop needs to be ready for this because dems think voters cared more about Covid than economyv