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Trump Among Best on Affordability · Check with Chip

• 0:00
  Speaker 1: Welcome to Check with Chip, brought to you by Operation
• 0:03
  Speaker 1: Blue Dot Red, turning the blue dot red one podcast
• 0:06
  Speaker 1: at a time. Have you seen the billboards criticizing President
• 0:10
  Speaker 1: Trump for high grocery prices, inflation, and other economic hardships?
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  Speaker 1: It's part of the affordability campaign. It seems to be
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  Speaker 1: the one thing on which establishment Democrats and socialist insurgents agree.
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  Speaker 1: Only Trump and his rich cronies think things are going
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  Speaker 1: well in America because only they can afford food and
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  Speaker 1: shelter and a decent standard of living. There's a lot
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  Speaker 1: to say about that, but I give you just one
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  Speaker 1: quick take today. During the presidency of Joe Biden, inflation
• 0:43
  Speaker 1: averaged 4.95%. That means on average, every year prices increased
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  Speaker 1: about 5%. Speaking of groceries, Remember all the jokes and
• 0:53
  Speaker 1: memes about the value of eggs, giving your fiance an
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  Speaker 1: egg instead of a wedding ring because eggs were so pricey?
• 1:01
  Speaker 1: In the middle of Biden's presidency, inflation reached 9%, but
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  Speaker 1: it calmed down to an average of about 5%. Average
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  Speaker 1: annual inflation during the first Trump presidency was 2.46%, about
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  Speaker 1: half of what it was under Biden. During the current
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  Speaker 1: Trump presidency, Inflation has fluctuated between 2.5% and 3.5%, a
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  Speaker 1: little higher than ideal, but nowhere near the 5% average
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  Speaker 1: and 9% high point of the Biden presidency. What about
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  Speaker 1: Trump's tariffs? A tariff can generate a one-time price shock,
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  Speaker 1: but in return we get massive increases in domestic jobs
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  Speaker 1: and an investment of capital in domestic production. What about
• 1:50
  Speaker 1: Trump's war with Iran? Disruption of global oil markets can
• 1:54
  Speaker 1: cause inflation due to higher energy costs. However, releasing the
• 1:59
  Speaker 1: Strait of Hormuz from the grip of the extremist Iranian
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  Speaker 1: regime and developing alternative channels for the flow of oil
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  Speaker 1: from the Middle East to world markets, if Trump can
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  Speaker 1: accomplish those goals, the positive impact on gas prices and
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  Speaker 1: everything else related to energy should be dramatic. And don't
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  Speaker 1: forget Trump's number one priority of preventing Iran from threatening
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  Speaker 1: its neighbors, Israel and America, with nuclear weapons. When it
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  Speaker 1: comes to affordability, as measured by inflation, since the Truman administration,
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  Speaker 1: only Obama, Kennedy and Eisenhower have produced better results than Trump.
• 2:41
  Speaker 1: That's Check with Chip. I'm Chip Maxwell. Thank you for listening.