Welcome back to OnThePoint, I’m Greg C. Truax.
After inheriting Biden’s sluggish economy and stubborn inflation, President Trump is delivering results. Under Biden, inflation nearly hit double digits. Since Trump took office, it’s running at a 2.1 percent annual rate—right in line with the Federal Reserve’s target.
Producer prices were flat in June, while manufacturing output is up 1.8 percent since January. The president’s tariff policy has already generated $120 billion in revenue.
The Biden administration’s big-spending policies—particularly the American Rescue Plan—played a meaningful role in fueling inflationary pressures.
Trump’s pro-growth, America-first agenda is restoring balance, cutting unnecessary regulations, and boosting America’s economic power.
From the NewsTalk 1040 studios, I’m Greg C. Truax.
Greg C. Truax is president of GCTMediaGroup, a film production studio, online magazine publisher, radio commentator, and creator of written and broadcast opinion commentary.