Trump On Economy: ‘You’re So [] Lucky I Won’
President Trump delivered a fiery address at the McDonald’s Impact Summit on Monday, telling attendees that America narrowly avoided an economic collapse by electing him in 2024. Speaking before an audience of McDonald’s owners, suppliers, and executives, he declared, “You are so […] lucky that I won that election, I’m telling you,” a line that drew laughter and applause from the crowd.
Trump contrasted his record with that of Vice President Kamala Harris, asserting that her leadership would have plunged the nation into disaster. “Welfare was going up. Everything was going up. Government jobs were going up, real jobs were going down,” he said, claiming that Harris’s policies would have drained the economy. “So you would have had that catastrophe, and on top of that, instead of $20 trillion coming in, you would have had $10 trillion leaving our country. In other words, you would have had a catastrophe. You probably would have had a bankrupt country,” he warned.
The president’s remarks come amid mounting frustration among voters and economists over the nation’s sluggish economic performance. While Trump campaigned on reversing inflation and cutting costs after what he called the “Biden-era price explosion,” inflation has remained stubbornly high through his second term. According to the Bureau of Labor Statistics, consumer prices rose 3 percent in September — the same level as when he assumed office — and the job market has cooled sharply, with fewer than 30,000 new positions being added per month. Several major corporations have already announced upcoming layoffs heading into the end of the year.
Throughout his campaign, Trump promised to reignite growth, vowing to restore the strength of the U.S. economy through tariffs and deregulation. However, the reality of persistent inflation and job losses has forced a recalibration within the administration and the broader GOP. After Republicans suffered setbacks in last month’s elections, party strategists have urged a renewed focus on the cost-of-living crisis that has dominated voter concerns.
To that end, Trump has introduced new measures in recent weeks aimed at easing financial pressures. He moved to roll back tariffs on key imported food products such as beef, bananas, and coffee — a reversal of policies he had once touted as economic leverage. Additionally, he directed the Justice Department to launch an investigation into the meatpacking industry, accusing major producers of conspiring to inflate prices for consumers.
Trump and his allies have continued to emphasize positive indicators like record-breaking tax revenue from tariffs and promises of future corporate investment, seeking to reassure the public that his strategy remains sound. Still, the administration faces growing skepticism from both economists and everyday Americans as prices remain stubbornly high and job growth falters.
{Matzav.com}
