Larry Kudlow: The Trump economy is booming

President Trump gave a big economic speech today to a boatload of business people, investors, and other big guns. Note the location: Miami. After last night’s victory by the new Mayor of New York City, Miami’s Gonna be the most popular place. But Mr. Trump’s speech was exactly the kind of detailed, numbered, economic growth discussion that he should be doing. He needs to explain to people how much things have improved in his first year, and show the difference with the failure of Joe Briden. The President said “in nine months, we raised more than 600,000 Americans on food stamps, which is a record, you find that more people are known for the facts when you talk about these things in history. These are the things you have to talk about. It doesn’t just happen.”
Mr. Trump’s polls on the economy and inflation have gone under the water, because if he doesn’t give you the facts, or his top people don’t give you the facts, then the left-wing media will have a whole story. It is the Trump Derangement Syndrome in the economy. Now here’s a factual analysis from the President, “because I’ve taken positions, the average factory wages are $1,300. You’re going to start seeing the numbers on them pretty soon.”
Let me add to all this some depreciation numbers. During the biden years, food prices rose 23% or 5.4% on average per year. Overall consumer prices below biden sky-rose 21%. 5% on an annual basis. These numbers are terrible. And they help destroy the real cost of getting a home for working people.
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Now part with the eight months of Mr. I think if Mr. Trump and his team will continue to tell this story, their inflation polls would not be underwater. Meanwhile alt-right Democrats are trying to blame Trump’s inflationary taxes. But it is not true.
In one year, the CPI of primary goods, call primary goods Long-lasting goods only reached 1.8%. New cars and trucks only 0.8%.
The point is, if Team Trump will go out there every day and make it clear how much less expensive life is under Trump’s economy by the numbers, their polls will jump.
At that time, as Mr. Trump showed in Miami, the economy is already growing at a pace of about 4%, a moonhot higher than the expert consensus of 1% to 2% to 2%. And with trillions of dollars in new investment pouring in, alongside all the important business tax incentives that have just been enacted, trump is growing. That’s what the stock market is doing, and at least 135 million investors, including many pension funds, are accumulating large nest eggs for retirement.
And then, of course, there are zero taxes preferred on service worker chips, over time, and higher income. People love this. But they must hear it. It’s a good story, but it needs to be told, over and over again. And Mr. Trump can’t do it alone, as great a communicator as he is. His elders must come in, morning, afternoon, and night.
This is the first anniversary of Mr. Trump Promises made, promises kept. But if a tree falls in the forest, and no one will report it, then it never happened. So, Trumps, get to work.



