By Douglas V. Gibbs
It amazes me how many people I talk to who tell me that the economy is in shambles because the mainstream media says so. Can they not believe their own eyes?
Thomas Sowell said that “If the average citizen understood the basics of economics that was understood 200 years ago, most of the nonsense that is done in Washington would be impossible today.”
One thing I have noticed is that President Donald J. Trump understands basic economics, and the games of socialism. So did the Founding Fathers. Their view of economics was based on the concept of laissez-faire, which is French for “let things follow their own course.” In other words, government’s role must be minimal. They were also against direct taxation (as shown in the capitation clause in Article I, Section 9 of the U.S. Constitution), recognized the importance of fair trade and the use of tariffs (as revealed by the use of those tools by the early Presidents of the United States), and a free market economy that allowed companies to operate with as little government regulation and control as possible (a direct response to the mercantilist policies used against them by Britain prior to the Revolutionary War, and stepped up by the British Empire once America won its independence).
President Trump’s policies have the American People once again doing that they do best – building, producing, and thriving – thanks to the return of common-sense, America-first economic policies from none other than Donald J. Trump. And while the mainstream media and a horde of leftist economists are stumbling over their narratives, the facts are shouting something entirely different: Trump’s economic plan is working.
There are economic truths that neither the Democrats nor their allies understand, or that they want you to forget.
- When supply increases, prices drop. That’s basic economics.
- When you raise the cost of doing business – whether through taxation, regulation, or endless compliance – those costs are passed on to the consumer.
- Producers don’t pay taxes – consumers do. Corporate taxes are simply a hidden sales tax.
- Inflation is not some mystical ghost that nobody knows where it comes from – it’s a direct result of too much fiat money chasing too few goods and the higher cost of producing goods.
- Tax cuts actually increase revenue – a fact that’s historically supported and mathematically sound. Why? Paying less taxes provides more money for growth and innovation. When growth and innovation takes off, prosperity follows, and as everyone is doing better, making more money, they pay more in taxes even though the rate is lower.
Now, during President Trump’s Phase II of his economic assault on the left’s search for a non-existent socialist utopia, here we are – and reality is refusing to cooperate with the left’s narrative.
While the Biden administration flooded the economy with worthless cash and shredded our energy independence, Trump is rebuilding the economic engine the only way he knows how – with deals, leverage, and tariffs.
- The Economic Union has decided to bow to a 10% tariff.
- The United Kingdom and Trump have just sealed a massive trade deal, turning Brexit uncertainty into American opportunity.
- The trade deficit is collapsing in real time – exports are up, imports are down. That’s what happens when you put America first.
The leftist media is doing what they can to lie about what is really happening. The ones I’ve talked to claim layoffs are happening, jobless claims ticked up slightly. However, the data disagrees.
- Layoffs are dropping.
- The economy is rebounding hard in the last few months since Trump took over, according to the Atlanta Fed.
- Private hiring may have slowed slightly, but Trump’s calling for smart rate reductions to stoke growth without shoving more fiat money into the system.
President Trump understands something that the Democrats never will: prosperity isn’t fueled by government spending – it’s powered by people producing.
Remember Biden’s bird apocalypse? 150 million chickens culled in the name of “science.” That’s not hyperbole – it’s insanity. And it sent egg prices skyrocketing. But President Trump’s team scoured the globe and got the supply chains flowing again. Prices are falling – downwards around $4 per dozen of eggs since Trump took office.
Meanwhile, thanks to President Trump’s immigration policies the economy is improving as well. With illegal immigration down, wages are going up. Cause and effect. The media, of course, won’t admit the truth. When you execute the law and crack down on illegal immigration, illegal aliens start self-deporting – and guess what happens? American wages rise. Supply and demand works in labor, as well.
Let’s also not forget the train wreck that California has thrust upon taxpayers with its bullet train to nowhere – a project so bloated and broken that even the feds are threatening to yank $4 billion in funding. Remember, these are the same geniuses who told you that Trump’s tariffs would destroy trade, his tax cuts would bankrupt the country, and his deregulation would bring the apocalypse. Instead, his polices are boosting incomes, cutting inflation, and proving that free market economics and supply-side economics wins…every single time.
Donald Trump is not just reversing Biden’s economic sabotage – he’s igniting a new era of prosperity built on timeless truths:
- Lower taxes equal higher growth.
- Less regulation means more innovation.
- Strong trade policies protect American jobs and manufacturing.
- When you put America first, Americans rise.
The only thing collapsing under Trump’s leadership is the left’s narrative – including (and especially) their economic narrative. Are you better off now than under Biden? Of course you are. It is, after all, the dawn of the Golden Age of America.
— Political Pistachio Constitutional News and Commentary
