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Cliff Notes: Trump's Economic Policies with Senator Tim Scott · Earn Your Leisure

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  Speaker 2: I know when to pass. You were favorable on some
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  Speaker 2: of President Trump's economic policies and light of the most
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  Speaker 2: recent loss, if you could reflect, are the things you
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  Speaker 2: think he could have done better with the economy that
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  Speaker 2: could have been more favorable for African Americans in a
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  Speaker 2: general United States public?
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  Speaker 3: Yeah, I mean, I think that's a great question. Moment
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  Speaker 3: I say this is twenty nineteen, when we went into
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  Speaker 3: the COVID in twenty twenty one. Reasons why we were
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  Speaker 3: able to believe it or not be the leading economy
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  Speaker 3: in the world through COVID, and even coming out of
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  Speaker 3: COVID was because we had the strongest economy going into COVID.
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  Speaker 3: So I actually celebrate the success that we had going
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  Speaker 3: into COVID in twenty nineteen when I think there's a
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  Speaker 3: really good chance to reflect on three years of President
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  Speaker 3: Trump's leadership economically, there's no doubt that one must conclude,
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  Speaker 3: at least from my perspective. One we can always disagree.
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  Speaker 3: He created seven million new jobs in that time that era,
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  Speaker 3: and two thirds of those jobs went to women and minorities.
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  Speaker 3: It wasn't just African Americans who saw the lowest unemployment
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  Speaker 3: rate in the history of the country. Spanish did as well.
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  Speaker 3: Women did not. They saw seventy year a lot, but
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  Speaker 3: not the lois. Wages at the bottom grew faster than
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  Speaker 3: wages at the top. That is an unusual reality driven
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  Speaker 3: by the ability to open up a more inclusive economy
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  Speaker 3: that I helped design. Frankly, and I take a lot
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  Speaker 3: of personal pride in being the leading Republican on the
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  Speaker 3: Banking Committee now and they han't been on the Finance
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  Speaker 3: Committee and given the authority to write the personal side
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  Speaker 3: of the tax go for the Senate side, and so
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  Speaker 3: the success I like to celebrate the success that I'm
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  Speaker 3: intimately familiar with, the HBCU funding that came through President Trump,
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  Speaker 3: the canceling of HBCU debt came through President Trump, the
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  Speaker 3: permanent funding for the first time not done by a
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  Speaker 3: former president, but done by President Trump. During that time,
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  Speaker 3: Certainly I brought so many of those issues to them,
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  Speaker 3: including opportunity zones. But those things were successes that we saw.
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  Speaker 3: And frankly, if you look back at the statistics and
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  Speaker 3: the polls from the African American community, not about President Trump,
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  Speaker 3: but about the state of play economically at that time,
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  Speaker 3: you'll see very consistently that our community was celebrating a
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  Speaker 3: lot of the resourcing that we saw coming in. And
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  Speaker 3: we see the exact opposite since twenty twenty one, when
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  Speaker 3: we saw inflation raging so high that the average family
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  Speaker 3: is today still paying one thousand dollars more per month
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  Speaker 3: for the same basic necessities that they were experiencing up
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  Speaker 3: until twenty twenty. In twenty twenty and so, I think
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  Speaker 3: when you see the comparisons, it's kind of hard to
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  Speaker 3: argue around the success of those years that we had.
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  Speaker 3: You can talk about a lot of other issues, but
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  Speaker 3: economically and frankly, the first time we saw criminal justice
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  Speaker 3: reform past was a coalition of like minded thinkers to
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  Speaker 3: include President Trump's team that allowed us to finish the
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  Speaker 3: First Step Act to try to break what is one
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  Speaker 3: of the most challenging and persistent problems in the criminal
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  Speaker 3: justice system, which is recidivism. Recidivism on the federal level
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  Speaker 3: is over seventy percent in five years, which means that
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  Speaker 3: the communities with returning citizen formerly incarcerated is going to
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  Speaker 3: will be in greater jeopardy if we don't understand the
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  Speaker 3: three primary challenges of those who are incarcerated mental health issues,
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  Speaker 3: employment issues, and education issues. By addressing those three things
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  Speaker 3: in the First Step Act, you see the ability to
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  Speaker 3: break the back of recidivism, which means a few crimes
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  Speaker 3: committed when the returning person goes home, and healthier, more
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  Speaker 3: progressive community at large. And so those were some of
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  Speaker 3: the successes that we could not get done until we
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  Speaker 3: had someone willing to go the extra mile on those issues.
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  Speaker 3: So I think from a policy state endpoint, whether it's
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  Speaker 3: criminal justice reform, whether it's economically, and whether it's education,
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  Speaker 3: three the major landmarks that suggest success within a community,
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  Speaker 3: a community be called America, not just the African American community.
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  Speaker 3: We saw tremendous strives in the right direction.
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  Speaker 2: As a quick follow up, you don't think that the
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  Speaker 2: retaliatory tariffs were a mistake that end up hearting pharmers
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  Speaker 2: and businesses at scale. I'm not turning back into the corner,
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  Speaker 2: but I think if we're going to be fair on
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  Speaker 2: the positives, we do have to highlight there was a
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  Speaker 2: misstep there and that put a lot of price and
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  Speaker 2: issues on businesses at large here in the States over
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  Speaker 2: the last three or four years.
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  Speaker 3: Well, you know, I see your point. I can't. I can't.
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  Speaker 3: I can't dispute the fact the tariffs have an impact,
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  Speaker 3: and sometimes even you can consider a negative impact on
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  Speaker 3: the community written large. With any question, I would say
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  Speaker 3: that the terroriffs that were put in place, specifically the
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  Speaker 3: three oh one teriffs that were put in place on China,
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  Speaker 3: I would say one of the things that it resulted
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  Speaker 3: in was China happen to buy another I think the
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  Speaker 3: number is I'll check it when we get off there
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  Speaker 3: and I'll send it to you if I'm wrong. It's about
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  Speaker 3: two hundred and fifty billion dollars of additional agricultural supplies
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  Speaker 3: from America, whether there's the vegetables, fruit. So one of
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  Speaker 3: the things that we saw was China's they lie, cheat,
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  Speaker 3: steal to include our intellectual property, and then they flood
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  Speaker 3: our market with really inexpensive things that don't always work
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  Speaker 3: that well. Very similar to their boat that their Belt
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  Speaker 3: and Road projects that they sent throughout the poorest parts
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  Speaker 3: of the world to include South South America and Africa,
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  Speaker 3: and now those projects that they funded are now having
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  Speaker 3: so many failures and flaws that those governments that they
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  Speaker 3: sunk into so much debt are now coming out against
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  Speaker 3: those very projects that they were thankful for at the beginning.
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  Speaker 3: So I don't really have a problem with the three
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  Speaker 3: oh one tariffs that were put in place, and frankly,
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  Speaker 3: President Biden actually kept the tariffs in place as well,
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  Speaker 3: and so I think they've had a small impact on
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  Speaker 3: the average consumer in America. But we have seen, however,
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  Speaker 3: that has had a impact and impact on the consumers
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  Speaker 3: in America is the inflationary effect that's happened after the
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  Speaker 3: twenty twenty one election. Twenty twenty election and the one
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  Speaker 3: point nine trillion dollars the first spending bill that came
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  Speaker 3: out of Congress under President Biden. I think it was
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  Speaker 3: Larry Summers, who was an economist who worked for President Obama,
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  Speaker 3: who said at the time, passing a two trillion dollars
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  Speaker 3: COVID relief package with only one percent going towards COVID vaccines,
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  Speaker 3: in less than ten percent towards COVID healthcare, I mean
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  Speaker 3: one point seven trillion dollars of spending. Larry Summers, a
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  Speaker 3: great economist on the left, said this is going to
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  Speaker 3: be disastrous for America's economy, and then two other economists
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  Speaker 3: from the Obama era came out and said, this is
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  Speaker 3: a bad decision that would lead to the worst inflation
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  Speaker 3: that we've seen in a generation. Of course, all the
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  Speaker 3: economists on the right agreed with the sentiments as well,
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  Speaker 3: and what we've seen since then has been a loss
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  Speaker 3: of spending power of around twenty eight thousand dollars with
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  Speaker 3: the average family, which only cripples the kind of households
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  Speaker 3: that I grew up in. Because sixty percent increasing the
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  Speaker 3: price of gas is not a problem for my mother
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  Speaker 3: at the time, that would be an absolute all out
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  Speaker 3: crisis for her. And so when you compare the tariff
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  Speaker 3: conversation to the inflation conversation. They're not even close and
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  Speaker 3: impact on the poorest Americans.
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  Speaker 4: An illegal alien from Guatemala charged with raping a child
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  Speaker 4: in Massachusetts. An MS thirteen gang member from El Salvador
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  Speaker 4: accused of murdering a Texas. Man of Venezuelan charged with
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  Speaker 4: filming and selling child pornography in Michigan. These are just
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  Speaker 4: some of the heinous migrant criminals caught because of President
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  Speaker 4: Donald J. Trump's leadership. I'm Christy Noman, the United States
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  Speaker 4: Secretary of Homeland Security. Under President Trump, attempted illegal border
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  Speaker 4: crossings are at the lowest levels ever recorded, and over
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  Speaker 4: one hundred thousand illegal aliens have been arrested. If you
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  Speaker 4: are here illegally, your next you will be fine nearly
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  Speaker 4: one thousand dollars a day, imprisoned and deported, you will
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  Speaker 4: never return. But if you register using our CBP home
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  Speaker 4: app and leave now, you could be allowed to return legally.
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  Speaker 4: Do what's right. Leave now. Under President Trump, America's laws,
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  Speaker 4: border and families will be protected.
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