Economic Growth and Inflation
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LARRY KUDLOW: President Trump checkmates Russia and China in the great game
Fox Business· 2026-01-24 00:51
Economic Growth and Oil Politics - The American economy is experiencing a significant boom, with growth rates potentially exceeding 5 percent, driven by declining oil prices and rising wages [5][6][7] - Gasoline prices and various oil-related costs are decreasing, contributing to an increase in disposable income for the middle class, estimated at an additional $1,500 due to lower inflation and tax refunds [6] - The decline in oil prices is seen as beneficial for the American economy, while negatively impacting Russia and China by eliminating cheap oil discounts for China [4][5] Geopolitical Strategy - President Trump's actions are perceived as reducing the influence of Russia and China in the Western hemisphere, with potential regime changes in countries like Venezuela and Cuba [2][3] - The negotiation for military access in Greenland is part of a broader strategy to enhance American security and sovereignty in the region, reminiscent of historical military arrangements [3] - The Trump administration's approach is characterized as a modern interpretation of the Monroe Doctrine, aiming to prevent foreign interference in the Americas [3] Diplomatic Maneuvering - Trump's diplomatic efforts are viewed as effective in outmaneuvering Russian and Chinese interests globally, positioning the U.S. as a dominant player on the world stage [8] - The administration's strategy is described as a successful chess game, with Trump securing various international deals that bolster American influence [1][8]