Latest / The 47 Morning Update with Ben Ferguson / Trump’s Economic Comeback-Stronger, Better, Unprecedented

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Trump’s Economic Comeback-Stronger, Better, Unprecedented · The 47 Morning Update with Ben Ferguson

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  Speaker 1: I want New York City to be great. Look, I
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  Speaker 1: love New York City. Is where I come from. I
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  Speaker 1: spent a lot of years there. Now right here, we
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  Speaker 1: took a big setback with the mayor that we had
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  Speaker 1: named Deblasio. I thought it was a tremendous setback for
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  Speaker 1: the city. I think this American do some things that
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  Speaker 1: are going to be really good.
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  Speaker 2: If you're listening to the forty seven Morning Update with
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  Speaker 2: Ben ferguson.
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  Speaker 3: Good Saturday morning, it's nice to have you with us
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  Speaker 3: on the forty seven Morning Update, and we've got a
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  Speaker 3: big story for you. It is really fun to watch
• 0:32
  Speaker 3: what President Trump is doing right now, as he hosted
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  Speaker 3: the McDonald's Impact Summit twenty twenty five, focusing on all
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  Speaker 3: of the success over the last nine months of the
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  Speaker 3: Trump administration with the economy. This is democrats and media
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  Speaker 3: are trying to convince Americans that Donald Trump's economy is
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  Speaker 3: a disaster. Well, we've got the receipts and they couldn't
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  Speaker 3: be further from the truth, and the President sharing it
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  Speaker 3: make the switch today. It's the forty seven Morning Update
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  Speaker 3: and it starts right now.
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  Speaker 2: Story number one.
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  Speaker 3: President Trump going on offense, remind finding the American people
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  Speaker 3: of what America looked like before he became president the
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  Speaker 3: second time, and also reminding you what Democrats want to
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  Speaker 3: do this country economically, and reminding you about what all
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  Speaker 3: has already been accomplished in the last nine months. As
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  Speaker 3: the President described it, we're making big progress on prices,
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  Speaker 3: and we'll keep working to make sure everyone benefits. The
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  Speaker 3: President making it clear at a summit revolving around McDonald's
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  Speaker 3: where one in eight Americans have actually worked, that Denald
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  Speaker 3: Trump not only inherited an economic mess when he took office,
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  Speaker 3: but that was because of years of mismanagement under Joe Biden.
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  Speaker 3: His incompetent administration and Democrats in Congress who also spent
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  Speaker 3: years insisting and lying to you claiming that inflation was
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  Speaker 3: quote transitory, and then they decided to go out trillions
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  Speaker 3: and new spinning and dramatically upscale our government sides. This
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  Speaker 3: brought the enter the brink of economic ruin, which is
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  Speaker 3: mainly why Donald.
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  Speaker 4: Trump was elected.
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  Speaker 3: Now, since day one, the Trump administration has been on
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  Speaker 3: a mission to tame Biden's inflation crisis, stop the sky
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  Speaker 3: high Biden price increases, and lower costs for everyday families.
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  Speaker 3: While it can't happen overnight, the White House says, there
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  Speaker 3: is clear evidence that shows the trend is in the
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  Speaker 3: right direction now. President Trump had to tame Biden's inflation,
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  Speaker 3: and under Biden, inflation average nearly five percent and hitting
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  Speaker 3: nine point one percent during the worst inflation crisis in decades,
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  Speaker 3: all of it fueled by radical left, out of control
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  Speaker 3: government spending. In President Trump's second term, inflation has dropped
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  Speaker 3: to an average of just two point seven percent, significantly
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  Speaker 3: lower than the four year average of five percent under
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  Speaker 3: Biden nine point one percent of it's all time high.
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  Speaker 3: First step in reversing the Democrat's cost of living disaster.
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  Speaker 3: In fact, under President Trump, Americans have even seen the
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  Speaker 3: first overall price declines since twenty twenty in several different categories. Now,
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  Speaker 3: Americans have made real wage gains as well, and there's
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  Speaker 3: still work to do, the White House says as well,
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  Speaker 3: but let's remind you about where we were. Under Biden,
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  Speaker 3: workers lost more than two thousand, nine hundred dollars in
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  Speaker 3: purchasing power, meaning inflation rose faster than wages. In President
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  Speaker 3: Trump's second term, even after accounting for higher prices, America's
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  Speaker 3: real wages have grown by nearly seven hundred dollars and
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  Speaker 3: are on track to increase by nearly one thy two
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  Speaker 3: hundred after his first full year in office. And then
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  Speaker 3: there's the major prices that we deal with every day.
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  Speaker 3: Gas price is a great example. Under Biden, the average
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  Speaker 3: gas price was the highest it had ever been during
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  Speaker 3: a present term, reaching its highest ever price, even after
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  Speaker 3: he drained our strategic oil reserves to artificially decrease pricing
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  Speaker 3: before election day. President Trump's second term, americans have seen
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  Speaker 3: the lowest average gas price in more than four years,
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  Speaker 3: and we're on track to spend the lowest amount of
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  Speaker 3: their disposable income on gas in the last two decades.
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  Speaker 3: As President Trump's energy dominance vision continues to come to
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  Speaker 3: fruition energy prices, they say, we'll fall even further, igniting
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  Speaker 3: another price decline that will help all Americans. Now, if
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  Speaker 3: you're not happy with the price of the pump, let's
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  Speaker 3: talk about Grocery prices and housing prices are trending also
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  Speaker 3: in the right directions for American workers. Prices for everyday
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  Speaker 3: staples are starting to see declines finally under Donald Trump.
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  Speaker 3: Prices for eggs, for butter, ice cream, fresh fruit, cereal, fish, seafood, rice, pasta,
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  Speaker 3: and ham have all seen declines, and more help is
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  Speaker 3: on the way. Housing costs are also moderating. Under Biden,
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  Speaker 3: mortgage rates at their highest in decades. President Trump's second term,
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  Speaker 3: the average thirty year fixed rate mortgage was six point
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  Speaker 3: one seven percent at the end of October, twelve percent
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  Speaker 3: lower than when he took office that according to the
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  Speaker 3: Consumer Price Index. In fact, the twelve month change in
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  Speaker 3: overall shelter costs is at its lowest level in four
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  Speaker 3: years as well. Now there are other efforts to continue
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  Speaker 3: driving prices down. The President talked about it tonight, ramping
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  Speaker 3: up take home pay and strengthening our economy. President Trump's
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  Speaker 3: deregulatory efforts are also saving Americans a collective one hundred
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  Speaker 3: and eighty billion. What does that mean for you? Two
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  Speaker 3: than one hundred dollars per family of four? For example,
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  Speaker 3: President Trump halted Burdens and biden air efficiency standards that
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  Speaker 3: jacked up the price of every day upon alliances, and
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  Speaker 3: President Trump signed into law the largest tax cut in
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  Speaker 3: American history. This includes no tax on tips, no tax
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  Speaker 3: on overtime, and no tax on security, all of which
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  Speaker 3: will save Americans money in their tax returns. The landmark
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  Speaker 3: legislation will raise America's take home pay by as much
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  Speaker 3: as thirteen thousand, three hundred and wages by as much
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  Speaker 3: as eleven thousand, six hundred. So the President decided to
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  Speaker 3: take the stage to talk about exactly where we are.
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  Speaker 3: And I want you to hear what the President had
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  Speaker 3: to say.
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  Speaker 5: While Democrats wanted to give Americans the largest tax ske
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  Speaker 5: in history, in July, I proudly gave you the largest
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  Speaker 5: tax cuts in American history and signed the One Big
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  Speaker 5: Beautiful Bill.
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  Speaker 4: I caught the great, Big Beautiful Bill into law that.
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  Speaker 5: Includes no tax on tips, no tax on overtime and
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  Speaker 5: no tax on Social Security for our great seniors.
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  Speaker 4: That is a big deal.
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  Speaker 3: What the President's accomplished already this year. But the President
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  Speaker 3: says I'm not done there, and made a pledge to
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  Speaker 3: the American families, no matter if you're rich or poor,
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  Speaker 3: conservative or liberal, black or wide or anything else in between.
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  Speaker 3: Here's what the present pledged to you.
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  Speaker 5: My first term, we built the greatest economy in the
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  Speaker 5: history of the world. And now we're doing it again.
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  Speaker 5: But this time it really is as I said, much stronger,
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  Speaker 5: much better. I think it's going to be something that
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  Speaker 5: nobody has ever seen before. My pledge to every family
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  Speaker 5: and every small businesses that I will not rest until
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  Speaker 5: you are rich or stronger, more successful, happier, till you've
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  Speaker 5: gotten a piece of.
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  Speaker 4: The American dream. Some of you in this room.
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  Speaker 5: Have really gotten a piece of it because you made
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  Speaker 5: a great decision to go with a great, great company
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  Speaker 5: years ago, and it's really pretty amazing. And that begins
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  Speaker 5: with making America.
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  Speaker 4: We have to do. The word is affordable, and affordable
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  Speaker 4: should be our.
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  Speaker 5: Word, not theirs, because the Democrat that's got up and
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  Speaker 5: trug affordabilion and they don't say that they had the
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  Speaker 5: worst inflation in history, the highest energy prices in history.
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  Speaker 4: Everything was the worst.
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  Speaker 3: President Trump is bringing jobs and investments back to the
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  Speaker 3: US as part of his plan to expand America's economy.
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  Speaker 3: In fact, since President Trump took office, companies have invested
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  Speaker 3: trillions I want to say that word again, trillions of
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  Speaker 3: dollars into their US based operations, on shoring and creating
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  Speaker 3: hundreds of thousands of new jobs for Americans. President Trump
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  Speaker 3: is also reducing the deficit. A combination of spending cuts,
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  Speaker 3: interest savings, economic growth, and tariff revenues are expected to
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  Speaker 3: reduce the deficit by trillions of dollars, resulting in higher
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  Speaker 3: take on pay, lower interest rates, and a much stronger
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  Speaker 3: American economy. In fact, one point nine million more American
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  Speaker 3: born workers are employed today than when President Trump took office.
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  Speaker 3: That's one point nine million Americans who are now happily
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  Speaker 3: at work with a job right now. The US has
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  Speaker 3: more people working now than at any time in the
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  Speaker 3: history of our country, and the Trump administration, he says,
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  Speaker 3: will not rest until the high prices that resulted from
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  Speaker 3: democratic policies are fully rained in. He said, we're making progress,
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  Speaker 3: and the best he says is yet to come.
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  Speaker 4: We're making tremendous progress.
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  Speaker 5: One point nine million more American born workers are employed
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  Speaker 5: today than when I took off to.
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  Speaker 4: Think of this.
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  Speaker 5: One point nine million more today, and these are American
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  Speaker 5: born workers. Nobody thought that was possible. And we have
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  Speaker 5: the strongest borders in the history of our country. Nobody
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  Speaker 5: comes in unless they come in legally. You see the numbers.
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  Speaker 5: Everyone thinks it's impossible a year ago, millions of people
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  Speaker 5: with storming our borders. Today they only come in if
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  Speaker 5: they come in legally. And wages for hourly workers arising
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  Speaker 5: at the fastest paid in sixty years now.
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  Speaker 3: The President also made it clear that there's a lot
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  Speaker 3: when it comes to trade deals. We're seeing trade deals
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  Speaker 3: with Switzerland that have just been announced, and we're modifying
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  Speaker 3: tariffs for certain agricultural products. In fact, on Friday, President
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  Speaker 3: Trump signed an executive order exempting certain qualifying agricultural products
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  Speaker 3: from the reciprocal tariffs that he first announced on April
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  Speaker 3: the second exemptions are accordingly set to be granted following
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  Speaker 3: a spat of new trade deals being inked with some
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  Speaker 3: of our biggest allies in the Western Hemisphere. In addition
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  Speaker 3: to deals that President Trump has already secured with the EU, Japan,
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  Speaker 3: the UK and other major trading partners.
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  Speaker 4: What will this do well.
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  Speaker 3: It will give substantial progress in making sure that American
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  Speaker 3: workers are able to export at the same level that
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  Speaker 3: we're importing. And Donald Trump also made it clear that
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  Speaker 3: there are major investments coming into this country and the
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  Speaker 3: tariff money is being used to help a mayor and workers,
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  Speaker 3: something that the left and the media said was impossible.
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  Speaker 3: Take a listen about that.
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  Speaker 5: And to your leader who when we met, I said,
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  Speaker 5: how are you doing with racist prices are coming down?
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  Speaker 5: He said, we were up forty percent because of Biden
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  Speaker 5: and inflation, and they're coming down and they're coming down rapidly.
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  Speaker 5: So I hope that all continues to go. But we're
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  Speaker 5: really doing well as the country. Most importantly, however, I
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  Speaker 5: will take big picture. We have over seventeen trillion dollars
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  Speaker 5: being invested in our country in nine months. It's now
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  Speaker 5: just about ready to crack eighteen, and by the end
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  Speaker 5: of one year we will have about twenty to twenty
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  Speaker 5: one trillion dollars invested in our country. That's more by
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  Speaker 5: ten times the highest amount ever invested in any country
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  Speaker 5: ever before, and it's largely because of tariffs, and I
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  Speaker 5: think November fifth election, but it's the largest amount. As
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  Speaker 5: an example, So if we have twenty or twenty one
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  Speaker 5: in one year, twenty one trillion, think of what that is.
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  Speaker 5: That's car factories, it's AI, it's everything. They're all coming
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  Speaker 5: back because of the tariffs. They're all coming back because
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  Speaker 5: they don't want to pay fifteen twenty thirty one hundred
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  Speaker 5: percent tariff. It wasn't that complicated. People are saying, you know,
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  Speaker 5: Trump was right. It really wasn't that complicated. But it's
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  Speaker 5: been amazing. As an example, if you take me at
• 14:23
  Speaker 5: twenty for one year, sleepy Joe Biden, you know what,
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  Speaker 5: he was less than one for four years, and if
• 14:29
  Speaker 5: they got elected, they would have been at minus ten
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  Speaker 5: because people were moving out of.
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  Speaker 4: The country in record numbers.
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  Speaker 3: So I hope you'll take the info that I gave
• 14:38
  Speaker 3: you today, and I hope you'll share it wherever you
• 14:40
  Speaker 3: can on social media, share this podcast and text messages
• 14:44
  Speaker 3: with family and friends, because this is the reality of
• 14:47
  Speaker 3: what's happening, and it's the complete opposite of what the
• 14:50
  Speaker 3: left in the media are selling the American people. They
• 14:54
  Speaker 3: believe that they are successful right now in convincing most
• 14:58
  Speaker 3: Americans that somehow the economy is a disaster because of
• 15:01
  Speaker 3: Donald Trump and that things aren't getting better. In fact,
• 15:05
  Speaker 3: they're getting worse. But if you look at the facts,
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  Speaker 3: that's just not the truth. Thank goodness, because of President
• 15:11
  Speaker 3: Donald Trump, it is incredible leadership.
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  Speaker 2: Thank you for listening to the forty seven Morning Update
• 15:16
  Speaker 2: with Ben Ferguson. Please make sure you hit subscribe wherever
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  Speaker 2: you're listening to this podcast right now and for more
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  Speaker 2: in depth news, also subscribe to the Ben Ferguson podcast
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  Speaker 2: and we will see you back here tomorrow.