Latest / The Ben Ferguson Podcast / Media Got It Wrong—Again! Inflation Plummets to 2.7%
Transcript
- 0:01Speaker 1: The insurance companies own the Democrat Party.
- 0:06Speaker 2: They own it, and the Democrats having a hard time.
- 0:09Speaker 2: They give a lot of money to the Democrats, very.
- 0:11Speaker 3: Little money to Republicans, by the way, a lot of
- 0:14Speaker 3: money to Democrats. And they're gonna have to decide do
- 0:17Speaker 3: they want to do the right thing or do.
- 0:19Speaker 2: They want to be behould into the insurance companies.
- 0:24Speaker 3: They make it a fortune.
- 0:25Speaker 2: You're listening to the forty seven Morning Update with Ben ferguson.
- 0:29Speaker 3: Good Friday morning.
- 0:30Speaker 1: It's so nice to have you with us on the
- 0:31Speaker 1: forty seven Morning Update, and this episode is going to
- 0:35Speaker 1: deal with some great news for all of us. It
- 0:39Speaker 1: is a huge victory and an inflation crushed by Donald
- 0:44Speaker 1: Trump's policies, delivering at two point seven percent. No one
- 0:51Speaker 1: saw it coming, including CNBC, who even gasped at the
- 0:54Speaker 1: numbers after they were released. So how did Donald Trump
- 0:58Speaker 1: do it?
- 0:58Speaker 3: We'll explain it all.
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- 3:08Speaker 1: slash Morning Update. It's the forty seven Morning Update and
- 3:11Speaker 1: it starts right now.
- 3:12Speaker 2: Story number one.
- 3:13Speaker 1: Could it be that the media and the Democrats got
- 3:17Speaker 1: it wrong yet again on the economy. The same people
- 3:21Speaker 1: that try to convince you that there was no such
- 3:24Speaker 1: thing as Biden inflation, and instead they want you to
- 3:27Speaker 1: believe that the economy was incredible shape when Joe Biden
- 3:30Speaker 1: was in office. Well, once Donald Trump got elected, they
- 3:33Speaker 1: want you to believe everything is terrible. Well guess what,
- 3:36Speaker 1: now there's more data show they're just a bunch of liars.
- 3:39Speaker 1: And this time it was bigger than even conservatives could
- 3:43Speaker 1: have imagined. There was a sharp and honestly a unexpected tumble,
- 3:49Speaker 1: not a decline, but a tumble in inflation to two
- 3:54Speaker 1: point seven percent is more than just positive data point.
- 3:58Speaker 1: It's a clear review of the economic pessimism pushed by
- 4:02Speaker 1: critics of President Donald Trump.
- 4:04Speaker 3: It's also a powerful validation.
- 4:07Speaker 1: Of Trump policies that his administration has been advancing. Saying,
- 4:12Speaker 1: trust me, it's going to work. The White House was
- 4:15Speaker 1: absolutely right. For months, economists and political opponents of Donald
- 4:19Speaker 1: Trump have warned that Trump's aggressive economic agenda, including the
- 4:24Speaker 1: tariffs that have brought in record dollars to the US,
- 4:28Speaker 1: the energy expansion, deregulation, and pressure on global trade partners,
- 4:35Speaker 1: would fuel, as they described it, inflation. Instead, the opposite
- 4:41Speaker 1: has happened. Inflation not only did it not spike, it
- 4:45Speaker 1: fell in a major way, and it fell faster than anyone,
- 4:48Speaker 1: including those at the White House, were even willing to mention,
- 4:53Speaker 1: much less claim it was going to become a reality.
- 4:56Speaker 1: Energy dominance is doing exactly by the way, what Donald
- 4:59Speaker 1: Trump said it was going to do. One of the
- 5:02Speaker 1: biggest drivers behind the falling inflation is energy prices, and
- 5:06Speaker 1: this is where Trump's policies are having an outsized impact.
- 5:11Speaker 1: Under Trump, federal barriers to domestic oil and gas production
- 5:15Speaker 1: have been rolled back, leasing and drilling approvals have accelerated.
- 5:19Speaker 1: The administration signaled clearly that America would return to energy
- 5:24Speaker 1: independence in even a bigger way than it did when
- 5:27Speaker 1: he was in office the first time. That confidence alone
- 5:31Speaker 1: stabilized the markets, and then when supply expectations rise, prices
- 5:36Speaker 1: fall not just at the pump but across the entire economy,
- 5:40Speaker 1: which is exactly what we are now witnessing having a
- 5:43Speaker 1: huge impact on inflation.
- 5:46Speaker 3: Lower energy costs, reduced.
- 5:47Speaker 1: Transportation expenses, manufacturing input costs, and grocery distribution prices. All
- 5:55Speaker 1: of that good for the economy. As President Trump said
- 5:59Speaker 1: on the Campain Trail, energy and the price touches everything
- 6:04Speaker 1: Trump understood that from day one, and inflation numbers are
- 6:08Speaker 1: now proving him to be exactly right. We also know
- 6:12Speaker 1: that the media and the Democrats lied to you about
- 6:16Speaker 1: the tariffs. They said over and over and over again,
- 6:20Speaker 1: the tariffs were going to cause massive inflation. They said
- 6:24Speaker 1: that shelves would be empty at places like Target, Walmart, Costco,
- 6:28Speaker 1: and Sam's Club. That also never happened. One of the
- 6:33Speaker 1: loudest criticisms of President Trump's economic strategy was by the
- 6:37Speaker 1: left of the media. And they said the tariffs would
- 6:39Speaker 1: not only raise consumer prices, but there would be massive
- 6:43Speaker 1: supply chain issues. They then said that would make inflation
- 6:47Speaker 1: skyrocket even more. That argument has also now flat out collapsed.
- 6:53Speaker 1: What actually happened is this, the tariffs pressured foreign producers
- 6:58Speaker 1: to actually absorb the cost us that did not get
- 7:01Speaker 1: passed on to Americans. The way that the left tried
- 7:04Speaker 1: to claim supply chains adjusted instead of breaking again, no
- 7:10Speaker 1: empty shelves and no backlogs of basic necessities that Americans need.
- 7:15Speaker 1: That was also a lie. It also had another huge impact.
- 7:19Speaker 1: American manufacturing expanded rapidly, reducing the reliance on volatile foreign inputs,
- 7:26Speaker 1: something the President said was a part of us having
- 7:29Speaker 1: security and safety literally on a national security forefront. Instead
- 7:34Speaker 1: of inflation spiraling upwards, which the left in the media
- 7:38Speaker 1: said was a guaranteed thing, prices stabilized and markets recalibrated.
- 7:45Speaker 1: Trump's tariffs weren't random, they were targeted leverage, forcing fairness
- 7:51Speaker 1: and restoring balance. Inflation falling to two point seven percent
- 7:56Speaker 1: shows that smart trade and enforcement doesn't punish the consumers,
- 8:01Speaker 1: it actually protects them. And then the issue of deregulation,
- 8:06Speaker 1: that is something that had a huge impact on the
- 8:08Speaker 1: numbers we're witnessing right now. Deregulation reduce hidden inflation, and
- 8:13Speaker 1: Americans have never been able to see the receipts before
- 8:17Speaker 1: until Trump got into office. Inflation isn't just about sticker prices.
- 8:22Speaker 1: It's also about compliance costs, regulatory delays, and bureaucratic drag
- 8:28Speaker 1: from a government that just got way too big. Trump
- 8:32Speaker 1: administration said, Hey, we're going to cut thousands of pages
- 8:36Speaker 1: of federal regulations. We're going to reduce permitting delays. We're
- 8:40Speaker 1: going to lower compliance costs for small and medium sized
- 8:43Speaker 1: businesses with something else they said was vitally important. And
- 8:47Speaker 1: when businesses spend less money navigating Washington, that's when you
- 8:52Speaker 1: get what we're witnessing right now.
- 8:54Speaker 3: Products that are faster the market. They end up hiring.
- 8:57Speaker 1: More people and they keep prices lower. This invisible inflation,
- 9:03Speaker 1: as the White House described it, rarely makes headlines, but
- 9:07Speaker 1: removing it has a real, end measured effect. The two
- 9:11Speaker 1: point seven percent inflation figure reflects those savings working their
- 9:15Speaker 1: way through the economy, and then it comes down to
- 9:19Speaker 1: confidence has returned to the marketplace and the markets have
- 9:22Speaker 1: actually responded. Inflation is also psychological. When consumers and businesses
- 9:28Speaker 1: believe prices will rise, they behave in ways that make
- 9:31Speaker 1: it happen well. Trump's leadership clearly restored economic confidence. Businesses
- 9:37Speaker 1: began investing again, consumers stopped panic buying, markets adjusted expectations downwards.
- 9:46Speaker 1: That confidence reduces volatility, and volatility is a major inflation driver.
- 9:53Speaker 1: Washington elites expected chaos, the markets and the people saw
- 9:58Speaker 1: clarity and they understood the rules of the game because
- 10:01Speaker 1: of a president that was transparent, which brings us to
- 10:05Speaker 1: fiscal discipline, and that was reassuring itself to the American people.
- 10:10Speaker 1: A renewed emphasis on fiscal restraint of our government DOGE
- 10:14Speaker 1: was a large part of that. Again, made people feel
- 10:17Speaker 1: more confident in their government. Trump is consistently pushed for
- 10:21Speaker 1: cutting wasteful spending, targeted bloated bureaucracies, and challenged runaway federal programs.
- 10:28Speaker 3: Even the signal of restraint matters.
- 10:31Speaker 1: When investors and lenders believe government spending will be controlled,
- 10:35Speaker 1: inflation expectations drop, which is exactly what we're seeing now.
- 10:39Speaker 1: All of this has turned into one thing. Now it's
- 10:43Speaker 1: showing in the real numbers. So what is the massive
- 10:46Speaker 1: takeaway from this This is a gigantic win for every American,
- 10:51Speaker 1: especially lower and middle class American families. The drop in
- 10:56Speaker 1: inflation to two point seven percent didn't happen by accident,
- 11:00Speaker 1: and it didn't happen despite Donald Trump's policies. It happened
- 11:05Speaker 1: because of Donald Trump's policies. Energy dominance, lowered costs, economy
- 11:10Speaker 1: wide tariffs, restored balance without triggering price spikes. Deregulation reduced
- 11:16Speaker 1: hidden inflation, confidence, return to the markets, fiscal discipline, signal stability.
- 11:23Speaker 1: The so called experts yet again predicted disaster. The data
- 11:27Speaker 1: delivered a reality check to them. So this inflation report
- 11:31Speaker 1: isn't just good news. It's proof that Trump's economic playbook
- 11:35Speaker 1: works even under intense political and global pressure. Thank goodness,
- 11:41Speaker 1: we have a present that's willing to stay the course
- 11:44Speaker 1: and not chase an approval rating number.
- 11:47Speaker 3: And now what we're witnessing is the real.
- 11:48Speaker 1: Effects of what Trump's economy is at the end of
- 11:52Speaker 1: his first year. And now you know what to expect
- 11:55Speaker 1: moving into twenty twenty six.
- 11:57Speaker 2: Thank you for listening to the forty seven Morning Updates
- 12:00Speaker 2: with Ben Ferguson. Please make sure you hit subscribe wherever
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- 12:11Speaker 2: and we will see you back here tomorrow