Larry Elder on Trump's Economy and Media Punditry

Media Re-evaluating Trump's Economic Policies

• 💡 Pundits are being forced to re-evaluate their predictions as the nation has "dodged the worst-case scenarios" and the "Trump economy is good," according to Axio and The New York Times.
• 🎯 The price of eggs has decreased, symbolizing pundits having "egg on their faces" for their previous negative forecasts.

Economic Successes Under Trump

• 📈 Inflation, which hit 9% during the Biden administration, has been modest in the first six months of Trump's return.
• 💰 The average family of four was spending an additional $1,100 a month for the same goods and services under Biden.
• 📊 Consumer confidence is up, and the stock market (Dow, S&P, NASDAQ) has recovered and hit record highs.
• 🏦 A budget surplus was achieved last month, and GDP growth was 3% last quarter.

Trump's Trade Deals and Global Impact

• 🌍 Trump has created a trade deal bloc encompassing 57% of global GDP, 40% of global trade in goods, and 18% of the world's population.
• 🤝 The president is actively pursuing last-minute trade deals with countries like Cambodia, Thailand, South Korea, Malaysia, and Mexico.
• 🗣️ Trump has changed the narrative around trade, challenging decades of allowing tariffs on US goods going into other countries.
• 📉 He has put pressure on trading partners to lower tariffs, a strategy that many economists are now acknowledging as potentially effective.
• 🇪🇺 Even the European Union commissioner has admitted that countries have been taken advantage of in trade.