← The 47 Morning Update with Ben Ferguson
The 47 Morning Update with Ben Ferguson
Trump’s Economic Comeback-Stronger, Better, Unprecedented
00:15:32
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- [00:00]
Podcast Host/Announcer
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- [02:17]
Ben Ferguson
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- [03:20]
Donald Trump
City to be great. Look, I love New York City. It's where I come from. I spent a lot of years there. Now I'm right here. We took a big setback with a mayor that we had, Dave de Blasio. I thought it was a tremendous setback for the city. I think this mayor could do some things that are going to be really great.
- [03:38]
Ben Ferguson
You're listening to the 47 Morning Update with Ben Ferguson. Good Saturday morning. It's nice to have you with us on the 47 Morning Update, and we've got a big story for you. It is really fun to watch what President Trump is doing right now as he hosted the McDonald's Impact Summit 2025, focusing on all of the success over the last nine months of the Trump administration. With the economy, this is Democrats and media are trying to convince Americans that Donald Trump's economy is a disaster. Well, we've got the receipts and they couldn't be further from the truth and the president sharing it with the world. But first, I want to tell you about our friends over at Patriot Mobile. Every so often, something happens that reminds us just how fragile our freedoms are. We can't afford to take our rights for granted. We must draw a line in the sand. And our friends at Patriot Mobile have been doing just that for more than 12 years. 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Every month, about 5% of your bill is given back to conservative causes at no extra cost to you that stand up for our first and our Second amendment rights, the rights of unborn children and our wounded warriors and those that have fought for our country and wear a badge. So take a stand today. Go to patriotmobile.com Ben47 or call 972 Patriot. And if you use the promo code Ben47, you're gonna get a free month of service. That's patriotmobile.com Ben47 or 972-patriot and make the switch today. It's the 47 Morning Update. And it starts right now. One President Trump going on offense, reminding the American people of what America looked like before, before he became president the second time. And also reminding you what Democrats want to do this country economically and reminding you about what all has already been accomplished in the last nine months. As the president described it, we're making big progress on prices and we'll keep working to make sure everyone benefits. The president making it clear at a summit revolving around McDonald's, where one in eight Americans have actually worked, that Donald Trump not only inherited an economic mess when he took office, but that was because of years of mismanagement under Joe Biden, his incompetent administration and Democrats in Congress who also spent years insisting and lying to you, claiming that inflation was, quote, transitory. And then they decided to dole out trillions in new spinning and dramatically upscale our government size. This brought the country to the brink of economic ruin, which is mainly why Donald Trump was elected. Now. Since day one, the Trump administration has been on a mission to tame Biden's inflation crisis, stop the sky high Biden price increases and lower costs for everyday families. While it can't happen overnight, the White House says there is clear evidence that shows the trend is in the right direction. Now. President Trump had to tame Biden's inflation. And under Biden, inflation averaged nearly 5% and hitting 9.1% during the worst inflation crisis in decades. All of it fueled by radical left out of control government spending. In President Trump's second term, inflation has dropped to an average of just 2.7%, significantly lower than the four year average of 5% under Biden and 9.1% at its all time high. The critical first step in reversing the Democrats cost of living disaster. In fact, under President Trump, Americans have even seen the first overall price declines since 2020 in several different categories. Now, Americans have made real wage gains as well. And there's still work to do The White House says as well. But let's remind you about where we were. Under Biden, workers lost more than $2,900 in purchasing power, meaning inflation rose faster than wages in President Trump's second term. Even after accounting for higher prices, America's real wages have grown by nearly $700 and are on track to increase by nearly 1,200 after his first full year in office. And then there's the major prices that we deal with every day. Gas price is a great example. Under Biden, the average gas price was the highest it had ever been during a presidential term, reaching its highest ever price even after he drained our strategic oil reserves to artificially decrease pricing before election Day. President Trump's second term. Americans have seen the lowest average gas price in more than four years in. And we're on track to spend the lowest amount of their disposable income on gas in the last two decades. As President Trump's energy dominance vision continues to come to fruition, energy prices, they say, will fall even further, igniting another price decline that will help all Americans. Now, if you're not happy with the price of the pump, let's talk about grocery prices and housing. Prices are trending also in the right directions for American workers. Prices for everyday staples are starting to see declines. Finally, under Donald Trump, prices for eggs, for butter, ice cream, fresh fruit, cereal, fish, seafood, rice, pasta and ham have all seen declines. And more help is on the way. Housing costs are also moderating under Biden. Mortgage rates hit their highest in decades in President Trump's second term. The average 30 year fixed rate mortgage was 6.17% at the end of October, 12% lower than when he took office. That according to the Consumer Price Index. In fact, the 12 month change in overall shelter costs is at its lowest level in four years as well. Now there are other efforts to continue driving prices down. The President talked about it tonight, ramping up take home pay and strengthening our economy. President Trump's deregulatory efforts are also saving Americans a collective 180 billion. What does that mean for you? $2,100 per family of four. For example, President Trump halted burdensome Biden era efficiency standards that jacked up the price of everyday appliances. And President Trump signed into law the largest tax cut in American history. This includes no tax on tips, no tax on overtime, and no tax on Social Security, all of which will save Americans money in their tax returns. The landmark legislation will raise America's take home pay by as much as 13,300 and wages by as much as 11,600. So the President decided to take the stage to talk about exactly where we are. And I want you to hear what the President had to say.
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Donald Trump
While Democrats wanted to give Americans the largest tax hike in history, in July, I proudly gave you the largest tax cuts in American history and signed the one big beautiful bill, I call it the great big beautiful bill into law that includes no tax on tips, no tax on overtime, and no tax on Social Security for our great seniors. That is a big deal.
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Ben Ferguson
It's amazing what the President has accomplished already this year. But the President says I'm not done there. And made a pledge to the American families. No matter if you're rich or poor, conservative or liberal, black or white, or anything else in between. Here's what the President pledged to you.
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Donald Trump
In my first term, we built the greatest economy in the history of the world. And now we're doing it again. But this time it's, it really is, as I said, much stronger, much better. I think it's going to be something that nobody has ever seen before. My pledge to every family and every small business is that I will not rest until you are richer, stronger, more successful, happier, until you've gotten a piece of the American dream. Some of you in this room have really gotten a piece of it because you made a great decision to go with a great, great company years ago. And it's really pretty amazing. That begins with making America. We have to do the word is affordable. And affordable is should be our word, not theirs. Because the Democrats got up and took affordability. Affordability. And they don't say that they had the worst inflation in history, the highest energy prices in history. Everything was the worst.
- [13:27]
Ben Ferguson
President Trump is bringing jobs and investments back to the US as part of his plan to expand America's economy. In fact, since President Trump took office, companies have invested trillions, I want to say that word again. Trillions of dollars into their U. S Based operations on shoring and creating hundreds of thousands of new jobs for Americans. President Trump is also reducing the deficit. A combination of spending cuts, interest savings, economic growth and tariff revenues are expected to reduce the deficit by trillions of dollars, resulting in higher take home pay, lower interest rates and a much stronger American economy. In fact, 1.9 million more American born workers are employed today than when President Trump took office. That's 1.9 million Americans who are now happily at work with a job right now. The US has more people working now than at any time in the history of our country. And the Trump administration, he says will not rest until the high prices that resulted from Democratic policies or are fully reined in. He said we're making progress. And the best, he says, is yet to come.
- [14:44]
Donald Trump
We're making tremendous progress. 1.9 million more American born workers are employed today than when I took office. Think of that. 1.9 million more today. And these are American born workers. Nobody thought that was possible. And we have the strongest borders in the history of our country. Nobody comes in unless they come in legally. You see the numbers. Everyone thinks it's impossible. A year ago, millions of people were storming our borders. Today, they only come in if they come in legally. And wages for hourly workers are rising at the fastest pace in 60 years.
- [15:18]
Ben Ferguson
Now, the President also made it clear that there's a lot when it comes to trade deals. We're seeing trade deals with Switzerland that have just been announced and we're modifying tariffs for certain agricultural products. In fact, on Friday, President Trump signed an executive order exempting certain qualifying agricultural products from the reciprocal tariffs that he first announced on April 2. Exemptions are accordingly set to be granted following a spat of new trade deals being inked with some of our biggest allies in the Western Hemisphere, in addition to deals that President Trump has already secured with the eu, Japan, the UK and other major trading partners. What will this do? Well, it will give substantial progress in making sure that American workers are able to export at the same level that we're importing. And Donald Trump also made it clear that there are major investments coming into this country and the tariff money is being used to help American workers, something that the left and the media said was impossible. Take a listen about that.
- [16:24]
Donald Trump
And to your leader who when we met I said, how are you doing with prices? Prices are coming down. He said we were up 40% percent because of Biden and inflation. And they're coming down and they're coming down rapidly. So I hope that all continues to go. But we're really doing well as a country. Most importantly, however, I will tell big picture. We have over $17 trillion being invested in our country in nine months. It's now just about ready to crack 18. And by the end of one year, we will have about 20 to 21 trillion dollars invested in our country. That's more by 10 times the highest amount ever invested in any country ever before. And it's largely because of tariffs and I think November 5th election, but it's the largest amount as an example. So if we have 20 or 21 in one year, 21 trillion, think of what that is. That's car factories. It's AI, it's everything. They're all coming back because of the tariffs. They're all coming back because they don't want to pay 15, 20, 30, 100% tariff. It wasn't that complicated. People are saying, you know, Trump was right, it really wasn't that complicated. But it's been amazing. As an example, if you take me at 20 for one year, Sleepy Joe Biden, you know what? He was less than one for four years. And if they got elected, they would have been at minus 10 because people were moving out of the country in record numbers.
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Ben Ferguson
So I hope you'll take the info that I gave you today and I hope you'll share it wherever you can on social media. Share this podcast and text messages with family and friends. Because this is the reality of what's happening and it's the complete opposite of what the left and the media are selling the American people. They believe that they are successful right now in convincing most Americans that somehow the economy is a disaster because of Donald Trump and that things aren't getting better. In fact, they're getting worse. But if you look at the facts, that's just not the truth. Thank goodness. Because of President Donald Trump and his incredible leadership. Thank you for listening to the 47 Morning Update with Ben Ferguson. Please make sure you hit subscribe wherever you're listening to this podcast right now and for more in depth news, also subscribe to the Ben Ferguson Podcast and we will see you back here tomorrow.
- [18:50]
Podcast Host/Announcer
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- [19:21]
Ben Ferguson
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Podcast Host/Announcer
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Ben Ferguson
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Podcast Host/Announcer
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