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There are those trying to push America backward with Project 2025, a 900-page plan to return to failed economic policies, union busting, and tax breaks for the wealthy. They aim to cut Medicare, Social Security, and student loan forgiveness, eliminate the Department of Education, and end head start. This would harm working families while giving tax breaks to billionaires and corporations. They also plan to end the Affordable Care Act, allowing insurance companies to deny coverage based on preexisting conditions. America has tried these policies before, but we will not go back.

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We will save over a trillion dollars by withdrawing from the Paris Climate Treaty.

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We're going to run the federal government like a business: money in, money out. We'll focus spending on what advances America's interests. That's our goal. Anything else is fear-mongering by the left, who lack a real message and are, frankly, deranged.

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It's the same situation repeating itself, just another cycle. We're back to where we started, experiencing the same old issues again.

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I won the White House partly because of high inflation. We haven't asked you to speak yet. Please wait.

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There are those trying to take us backward with Project 2025, a plan to cut Medicare, repeal the $35 cap on insulin, eliminate the Department of Education, and end programs like Head Start. This is an attack on our children, families, and future. We will not go back.

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Madam Speaker, the state of our union is strong. We are determined and confident in ourselves. America will never become a socialist country.

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I advised the president to shut down the country, despite knowing it would have economic consequences.

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We are at a decision-making point and very close to a recession, but something worse than a recession is possible if things aren't handled well. The monetary order is breaking down because we cannot spend the amounts of money we are spending. This issue is connected to the dollar and tariffs. Profound changes are occurring in our domestic order and the world order. These times are very much like the 1930s.

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We strongly oppose the conservatives' resistance to evidence-based programs that save lives. We must not revert to the failed ideology of the past. The consequences could be dire.

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We are in a strong position for the next few decades. No country is better off than us unless we destroy ourselves with partisan fighting, insults, fear-mongering, and spreading baseless conspiracy theories.

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Joe Biden's economic policies have been disastrous, leading to high inflation and bank failures. I believe there should be no bailouts and we need to fix the economy quickly. If I am back in the White House, I will focus on unleashing energy production, reducing regulations, and repealing Biden's tax hikes to bring down inflation and control interest rates. I have already built the greatest economy in history, and now we will have to do it again. Thank you.

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We often hear the slogan "make America great again," but what does it really mean? It's important to consider when America was considered great. Looking back to the turn of the century, around 125 years ago, the economy was thriving. At that time, there was no income tax, and the government relied solely on tariffs.

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Donald Trump's extreme Project 2025 agenda aims to weaken the middle class by cutting Social Security and Medicare, giving tax breaks to the wealthy, and repealing the Affordable Care Act. This would allow insurance companies to deny coverage based on preexisting conditions. The speaker emphasizes the importance of not reverting to these failed economic policies and moving forward instead.

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I have always emphasized to leaders like Deng Xiaoping and others that it is never a wise decision to underestimate the American people.

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In America, more people are going to work than ever before. Interest rates are low, leading to more families buying new homes and working harder than in the past 4 years. Inflation is also lower, giving people confidence in the future. Under President Reagan's leadership, America is proud, strong, and improved. Why would we want to go back to where we were less than 4 years ago?

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Joe Biden's economic policies have been disastrous, leading to high inflation and bank failures. I believe he is leading us towards a great depression. We need to fix the economy quickly by unleashing energy production, reducing regulations, and repealing Biden's tax hikes. I have successfully built the greatest economy in history, and now we will have to do it again. Thank you.

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Experts have been wrong for 40 years about the effects of shipping manufacturing and industrial bases to other countries like China and Mexico. They claimed it would lead to cheaper goods and a stronger middle class, but they were wrong about making America less self-reliant. Donald Trump recognized this and decided to bring American manufacturing back, unleash American energy, and make more goods domestically.

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The policies under Donald Trump led to low inflation, rising wages, and stability. However, under Joe Biden, there is rising inflation and economic stagnation. It's important to acknowledge Trump's success and consider bringing him back for another term to restore a growing economy and peace globally.

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I have paid tariffs. Revenues will stay here, and wages will increase. Our country will become wealthy again. I find it insulting that you are testing my economic knowledge and questioning the president's decisions. I regret giving the Associated Press a question. Mary, you can go ahead.

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The fate of America's economy has been determined by a senior Obama administration official who stated, "We're just going to kill the dollar." This single sentence explains the entire economic agenda domestically and globally, rendering all other questions irrelevant. It implies a significant shift in economic policy.

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The United States can always print money to pay off any debt it has, so there is no chance of default.

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I reduced the deficit by $1.7 trillion in just 2 years. No one has ever achieved this before.

The Pomp Podcast

The Federal Reserve & Wealth Inequality | Karen Petrou | Pomp Podcast #508

Guests: Karen Petrou

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In this interview, Karen Petrou discusses the Federal Reserve's significant role in economic inequality in America, as outlined in her book "Engine of Inequality: The Fed and the Future of Wealth in America." She explains that the Fed's monetary policy, including interest rate manipulation and quantitative easing, disproportionately benefits wealthy individuals who invest in financial markets, while middle and lower-income households struggle with debt and limited access to wealth-building assets. Petrou critiques the Fed's response to the COVID-19 crisis, highlighting the establishment of facilities that bailed out various sectors, including zombie companies that do not contribute to economic growth. She emphasizes the need for the Fed to recalibrate its approach to better reflect the realities of income distribution and to foster genuine economic growth. Petrou concludes that without systemic changes, the U.S. will face continued slow growth, rising inequality, and societal anger. She advocates for a more equitable monetary policy that supports all Americans.

Uncommon Knowledge

The Great Society: A New History with Amity Shlaes

Guests: Amity Shlaes

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In this episode of Uncommon Knowledge, Peter Robinson interviews Amity Shlaes, author of "Great Society: A New History." Shlaes discusses the Great Society's origins in the 1960s, highlighting the idealism of young Americans who believed they could eradicate poverty in a prosperous nation. She notes that the Great Society was driven by three presidents: John F. Kennedy, Lyndon B. Johnson, and Richard Nixon, each contributing to its expansion. Kennedy initiated social programs while balancing tax cuts, reflecting a complex relationship with capitalism. Johnson, ambitious and politically savvy, enacted significant legislation like Medicare and civil rights laws, while Nixon unexpectedly expanded welfare programs to maintain political stability during the Vietnam War. Shlaes argues that the Great Society ultimately failed, creating a new form of poverty and disillusionment with government promises. The episode emphasizes the importance of learning from history, as contemporary movements flirt with socialism, echoing past mistakes.