CNN: Economy starting to move in the right direction under Trump

Americans vote with their wallets, and there is some good news on that front.  

According to a recent CNN report, there are “very encouraging” signs that inflation is moving in the right direction.  

Trump V.01 Economy 

The big number that drives everything in our economy is the inflation rate.  

When Trump was in office, contrary to what leftist organizations and Biden’s people maintain, inflation was never out of control.

Overall, we saw an 8% increase in inflation under Trump, with the inflation rate being 1.2%, 1.3%, 1.5%, and 1.4%. Had it not been for COVID, who knows where we would be now. 

The key to Trump's economic success, at least for me, was energy prices, as that is the one common factor driving prices in every market.

The Biden Economy 

Now, I will be the first to admit that COVID was a major factor in influencing the Biden economy, but it was not the only factor.  

Roughly two months in office, inflation was at 9.1% under Joe Biden.  

In addition to COVID, Biden went to war with the fossil fuel industry, driving gasoline prices up, which created more expensive transportation costs, which drove up the prices of goods purchased.  

Americans were also getting hammered on interest rates, which soared under Biden, as we saw Trump-era mortgages at under 3% rise to about 7% during the Biden administration.  

Trump V.02 Economy 

Trump has now been in office for about two months, so we will start to see some of his policies start to take grip in the economy. Unfortunately, the tariff war that was started will also impact the economy.  

Even so, CNN just reported that everything now appears to be headed in the right direction. Inflation is slowing down considerably, increasing by only 2.8% in February, which is a great sign.  

CNN business reporter Matt Egan explained, “So this is definitely very encouraging to see because it’s going to, I think, relieve some fears that inflation was perhaps reaccelerating because this actually breaks a streak of four straight months … where the inflation rate was going in the wrong direction, right? It was going higher and higher. Finally, we’re seeing it dip. Not back to the 2% goal, but nice to see it cool off here.” 

I have repeatedly stated that this will take time, and I believe it will be about a year before we really start to see the biggest impact of Trump’s policies, but this report really has me excited about what is to come. Again, just give this administration a bit of a leash, and I think everyone will be pleasantly surprised where we are this time next year.