Supply side growth
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LARRY KUDLOW: Trump's strong growth at low inflation should put the fake news to rest
Fox Business· 2025-11-17 23:20
Economic Performance - President Trump's economic record shows strong growth with minimal inflation compared to President Biden's tenure [1][2] - Under Trump, grocery prices have risen at a 2.1% annual rate, while under Biden, they increased by 5.4% annually, cumulatively rising 23% [2][3] Wage Growth - Typical family wages have increased over 4% under Trump, outpacing grocery price increases, which have only risen 1.4% cumulatively during his 8 months [3][4] - Real wages collapsed under Biden due to grocery prices rising significantly higher than wages, whereas Trump's policies have led to wages rising faster than prices [4] Economic Policies - Trump's economic strategies, including tax cuts and deregulation, are credited with fostering supply-side growth and lower inflation, which are essential for affordability and prosperity [5] - The GDP growth rate for Trump's first quarter was 3.8%, with a forecast of 4.1% for the second quarter, indicating strong economic performance [5] Political Context - The government shutdown during Trump's presidency was perceived as an attempt by Democrats to undermine his successes, which was not well-received by the public [6]