Is Trump Right About the 'Great' Economy and the 'Save America Act'?
Synopsis
Key Takeaways
Washington, Feb 11 (NationPress) President Donald Trump informed Fox Business that the US economy is “thriving”, highlighting record levels in the stock market while advocating for Congress to enact a voting initiative he refers to as the “Save America Act” ahead of the upcoming midterm elections.
In a conversation with Larry Kudlow on Fox Business’ “Kudlow”, Trump pointed to significant stock market achievements. “When you mention 50,000, and by the way, S&P 7,000—,” he stated, adding, “we're at the end of the first year.”
Trump remarked that prices and energy expenses are decreasing. “They can't use it because we brought the prices down,” he mentioned, referencing “affordability.” He discussed gasoline prices during a recent visit, noting, “Oil now, I was in Iowa last week, and they were $1.85 a gallon,” adding, “In many cases now, it's broken $2 a gallon, and that's like a major tax cut.”
Kudlow questioned Trump about a potential new comprehensive package following his “One Big, Beautiful Bill.” Trump explained that this legislation consolidated several proposals into one. “This was a four-year package, and we put it together, and we got it passed,” he stated. “This is really, this is the biggest bill ever passed in the history of Congress, and it's a great thing.”
Shifting to electoral matters, Trump expressed his desire for a distinct measure, emphasizing, “We wanna get the Save America Act passed. Save America is on voting,” advocating for voter ID and proof of citizenship, while calling for restrictions on mail-in ballots unless under specific circumstances.
When asked about the likelihood of its passage before the midterms, Trump referred to polling data, stating, “Well, it polls at about 94 percent,” adding, “Including Democrats at 87 percent, except for the politicians who cheat.”
Regarding monetary policy, Trump praised his Federal Reserve nominee, stating, “I liked him,” referring to Kevin Warsh. He argued for lower interest rates, saying, “Interest rates should be lower. You know, every point is $600 billion.”
Trump also defended his tariff strategy, asserting its importance beyond economic factors. “Tariffs are very important,” he said. “I'm taking in hundreds of billions of dollars in tariff money.” He claimed tariffs as a means to encourage countries to resolve disputes, stating, “Of the eight wars, at least six were settled because of tariffs.”
Additionally, Trump highlighted ongoing efforts to reduce government waste, pointing to DOGE, “DOGE really continues in a different form,” he said. “We saved a lot of money.”
Midterm elections are set for November 2026, where voters will determine control of Congress and numerous statewide positions. Election regulations, such as voter ID and mail-in voting, persist as contentious issues in US politics, with states primarily establishing procedures within federal and constitutional frameworks.