Peter Navarro: ‘This Is Going To Be the Trump Golden Age of Prosperity Miracle and It’s Much Bigger than Ronald Reagan Ever Dreamed of’

CAIN We are as ░░░░░░░░ point out and as ░░░░░░░░ out by President Trump ░░░░░░░░ perhaps going to have ░░░░░░░░ endure a recession We ░░░░░░░░ going to deal with ░░░░░░░░ uncertainty There will be ░░░░░░░░ in the market but ░░░░░░░░ is a presumption that ░░░░░░░░ part of a bigger ░░░░░░░░ Peter Help us understand ░░░░░░░░ is the bigger picture ░░░░░░░░ the economy from the ░░░░░░░░ NAVARRO Yeah great great ░░░░░░░░ And let s start ░░░░░░░░ through one end of ░░░░░░░░ telescope through today s ░░░░░░░░ As you correctly observe ░░░░░░░░ core rate of inflation ░░░░░░░░ fallen It s the ░░░░░░░░ level in almost four ░░░░░░░░ That s huge Gasoline ░░░░░░░░ is down We ve ░░░░░░░░ mortgage rates down we ░░░░░░░░ had grocery prices flat ░░░░░░░░ s the thing We ░░░░░░░░ in this difficult transition ░░░░░░░░ Bidenomics to Trumponomics What ░░░░░░░░ that OK Bidenomics was ░░░░░░░░ combination of very over ░░░░░░░░ Keynesian stimulus spending to ░░░░░░░░ the economy that created ░░░░░░░░ amounts of debt which ░░░░░░░░ unsustainable So at the ░░░░░░░░ time that it gave ░░░░░░░░ what we call demand ░░░░░░░░ inflation too much money ░░░░░░░░ too few goods it ░░░░░░░░ in a recession possibly ░░░░░░░░ some time down the ░░░░░░░░ if that spending weren ░░░░░░░░ controlled At the same ░░░░░░░░ the Bidenomics sent these ░░░░░░░░ we call negative supply ░░░░░░░░ Will through the economy ░░░░░░░░ us down economically and ░░░░░░░░ more recession in with ░░░░░░░░ attack on oil It ░░░░░░░░ don t drill baby ░░░░░░░░ t drill baby And ░░░░░░░░ we went from 50 ░░░░░░░░ barrel roughly in the ░░░░░░░░ era to about 80 ░░░░░░░░ the Biden era Now ░░░░░░░░ s huge because it ░░░░░░░░ not just that we ░░░░░░░░ it for our transportation ░░░░░░░░ and our heating needs ░░░░░░░░ Right NAVARRO It s ░░░░░░░░ a big part of ░░░░░░░░ production So it affects ░░░░░░░░ prices And it s ░░░░░░░░ much in every piece ░░░░░░░░ our industry that we ░░░░░░░░ So what we re ░░░░░░░░ you asked me for ░░░░░░░░ big picture Trumponomics 2 ░░░░░░░░ is the same as ░░░░░░░░ was in the first ░░░░░░░░ plus OK What s ░░░░░░░░ plus What was it ░░░░░░░░ the first term We ░░░░░░░░ what I call a ░░░░░░░░ attack on inflation Which ░░░░░░░░ deregulation it s the ░░░░░░░░ baby drill getting those ░░░░░░░░ prices down And then ░░░░░░░░ new part of it ░░░░░░░░ 2 0 part is ░░░░░░░░ DOGE the aggressive attack ░░░░░░░░ waste fraud and abuse ░░░░░░░░ too many people working ░░░░░░░░ government not enough in ░░░░░░░░ private sector And the ░░░░░░░░ report last Friday WIl ░░░░░░░░ very interesting because it ░░░░░░░░ a significant fall in ░░░░░░░░ employment but a significant ░░░░░░░░ in both private sector ░░░░░░░░ manufacturing CAIN Right NAVARRO ░░░░░░░░ then the last part ░░░░░░░░ it which is so ░░░░░░░░ to President Trump so ░░░░░░░░ to this country is ░░░░░░░░ stop our trading partners ░░░░░░░░ cheating us with higher ░░░░░░░░ higher non tariff barriers ░░░░░░░░ draining us of a ░░░░░░░░ dollars of wealth every ░░░░░░░░ through a trade deficit ░░░░░░░░ so that is an ░░░░░░░░ will involve bringing back ░░░░░░░░ manufacturing our factories here ░░░░░░░░ lost 90 000 90 ░░░░░░░░ factories NAFTA WTO NAFTA ░░░░░░░░ even the USMCA is ░░░░░░░░ working for us now ░░░░░░░░ Biden didn t enforce ░░░░░░░░ So this is where ░░░░░░░░ re going We re ░░░░░░░░ to a world just ░░░░░░░░ Reagan went from his ░░░░░░░░ to the middle of ░░░░░░░░ term where it was ░░░░░░░░ Reagan miracle This is ░░░░░░░░ to be the Trump ░░░░░░░░ age of prosperity miracle ░░░░░░░░ it s much bigger ░░░░░░░░ Ronald Reagan ever dreamed ░░░░░░░░ or imagined and it ░░░░░░░░ going to be that ░░░░░░░░ better Salute to Ronald ░░░░░░░░ but really salute to ░░░░░░░░ commander in chief right ░░░░░░░░