All Episodes

November 22, 2025 15 mins
  • Economic Recovery & Inflation Control

    • Trump inherited an economic crisis caused by Biden’s administration and Democratic policies.
    • Inflation under Biden averaged ~5%, peaking at 9.1%, while under Trump’s second term it dropped to ~2.7%.
    • Price declines in categories like groceries (eggs, butter, ice cream, etc.) and housing costs.
  • Gas & Energy Prices

    • Under Biden: highest gas prices in history, even after using strategic reserves.
    • Under Trump: lowest average gas prices in 4+ years, with energy dominance expected to reduce costs further.
  • Real Wage Gains

    • Under Biden: workers lost $2,900 in purchasing power.
    • Under Trump: real wages grew by $700 and projected to increase by $1,200 after the first full year.
  • Tax Cuts & Deregulation

    • Trump signed what is described as the largest tax cut in U.S. history, including:
      • No tax on tips, overtime, or Social Security.
    • De-regulatory efforts have saved Americans $180 billion collectively.
  • Investment & Job Growth

    • Trillions of dollars have been invested in U.S. operations, creating hundreds of thousands of jobs.
    • States 1.9 million more American-born workers employed than when Trump took office.
    • Tariffs are a driver for on-shoring and industrial investment.
  • Trade Deals & Tariffs

    • New trade agreements with Switzerland and exemptions for certain agricultural products.
    • Tariffs are credited for bringing manufacturing and AI investments back to the U.S.

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Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
I want New York City to be great. Look, I
love New York City. Is where I come from. I
spent a lot of years there. Now right here, we
took a big setback with the mayor that we had
named Deblasio. I thought it was a tremendous setback for
the city. I think this American do some things that
are going to be really good.

Speaker 2 (00:20):
If you're listening to the forty seven Morning Update with
Ben ferguson.

Speaker 3 (00:24):
Good Saturday morning, it's nice to have you with us
on the forty seven Morning Update, and we've got a
big story for you. It is really fun to watch
what President Trump is doing right now, as he hosted
the McDonald's Impact Summit twenty twenty five, focusing on all
of the success over the last nine months of the
Trump administration with the economy. This is democrats and media

(00:47):
are trying to convince Americans that Donald Trump's economy is
a disaster. Well, we've got the receipts and they couldn't
be further from the truth, and the President sharing it
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Speaker 4 (02:25):
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Speaker 3 (02:27):
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(02:50):
make the switch today. It's the forty seven Morning Update
and it starts right now.

Speaker 2 (02:55):
Story number one.

Speaker 3 (02:56):
President Trump going on offense, remind finding the American people
of what America looked like before he became president the
second time, and also reminding you what Democrats want to
do this country economically, and reminding you about what all
has already been accomplished in the last nine months. As
the President described it, we're making big progress on prices,

(03:20):
and we'll keep working to make sure everyone benefits. The
President making it clear at a summit revolving around McDonald's
where one in eight Americans have actually worked, that Denald
Trump not only inherited an economic mess when he took office,
but that was because of years of mismanagement under Joe Biden.
His incompetent administration and Democrats in Congress who also spent

(03:44):
years insisting and lying to you claiming that inflation was
quote transitory, and then they decided to go out trillions
and new spinning and dramatically upscale our government sides. This
brought the enter the brink of economic ruin, which is
mainly why Donald.

Speaker 4 (04:04):
Trump was elected.

Speaker 3 (04:05):
Now, since day one, the Trump administration has been on
a mission to tame Biden's inflation crisis, stop the sky
high Biden price increases, and lower costs for everyday families.
While it can't happen overnight, the White House says, there
is clear evidence that shows the trend is in the
right direction now. President Trump had to tame Biden's inflation,

(04:30):
and under Biden, inflation average nearly five percent and hitting
nine point one percent during the worst inflation crisis in decades,
all of it fueled by radical left, out of control
government spending. In President Trump's second term, inflation has dropped
to an average of just two point seven percent, significantly

(04:52):
lower than the four year average of five percent under
Biden nine point one percent of it's all time high.
First step in reversing the Democrat's cost of living disaster.
In fact, under President Trump, Americans have even seen the
first overall price declines since twenty twenty in several different categories. Now,

(05:14):
Americans have made real wage gains as well, and there's
still work to do, the White House says as well,
but let's remind you about where we were. Under Biden,
workers lost more than two thousand, nine hundred dollars in
purchasing power, meaning inflation rose faster than wages. In President
Trump's second term, even after accounting for higher prices, America's

(05:38):
real wages have grown by nearly seven hundred dollars and
are on track to increase by nearly one thy two
hundred after his first full year in office. And then
there's the major prices that we deal with every day.
Gas price is a great example. Under Biden, the average
gas price was the highest it had ever been during

(05:59):
a present term, reaching its highest ever price, even after
he drained our strategic oil reserves to artificially decrease pricing
before election day. President Trump's second term, americans have seen
the lowest average gas price in more than four years,
and we're on track to spend the lowest amount of

(06:19):
their disposable income on gas in the last two decades.
As President Trump's energy dominance vision continues to come to
fruition energy prices, they say, we'll fall even further, igniting
another price decline that will help all Americans. Now, if
you're not happy with the price of the pump, let's
talk about Grocery prices and housing prices are trending also

(06:43):
in the right directions for American workers. Prices for everyday
staples are starting to see declines finally under Donald Trump.
Prices for eggs, for butter, ice cream, fresh fruit, cereal, fish, seafood, rice, pasta,
and ham have all seen declines, and more help is

(07:04):
on the way. Housing costs are also moderating. Under Biden,
mortgage rates at their highest in decades. President Trump's second term,
the average thirty year fixed rate mortgage was six point
one seven percent at the end of October, twelve percent
lower than when he took office that according to the
Consumer Price Index. In fact, the twelve month change in

(07:27):
overall shelter costs is at its lowest level in four
years as well. Now there are other efforts to continue
driving prices down. The President talked about it tonight, ramping
up take home pay and strengthening our economy. President Trump's
deregulatory efforts are also saving Americans a collective one hundred
and eighty billion. What does that mean for you? Two

(07:49):
than one hundred dollars per family of four? For example,
President Trump halted Burdens and biden air efficiency standards that
jacked up the price of every day upon alliances, and
President Trump signed into law the largest tax cut in
American history. This includes no tax on tips, no tax

(08:09):
on overtime, and no tax on security, all of which
will save Americans money in their tax returns. The landmark
legislation will raise America's take home pay by as much
as thirteen thousand, three hundred and wages by as much
as eleven thousand, six hundred. So the President decided to

(08:30):
take the stage to talk about exactly where we are.
And I want you to hear what the President had
to say.

Speaker 5 (08:36):
While Democrats wanted to give Americans the largest tax ske
in history, in July, I proudly gave you the largest
tax cuts in American history and signed the One Big
Beautiful Bill.

Speaker 4 (08:47):
I caught the great, Big Beautiful Bill into law that.

Speaker 5 (08:50):
Includes no tax on tips, no tax on overtime and
no tax on Social Security for our great seniors.

Speaker 4 (08:57):
That is a big deal.

Speaker 3 (09:00):
What the President's accomplished already this year. But the President
says I'm not done there, and made a pledge to
the American families, no matter if you're rich or poor,
conservative or liberal, black or wide or anything else in between.
Here's what the present pledged to you.

Speaker 5 (09:17):
My first term, we built the greatest economy in the
history of the world. And now we're doing it again.
But this time it really is as I said, much stronger,
much better. I think it's going to be something that
nobody has ever seen before. My pledge to every family
and every small businesses that I will not rest until
you are rich or stronger, more successful, happier, till you've

(09:40):
gotten a piece of.

Speaker 4 (09:41):
The American dream. Some of you in this room.

Speaker 5 (09:43):
Have really gotten a piece of it because you made
a great decision to go with a great, great company
years ago, and it's really pretty amazing. And that begins
with making America.

Speaker 4 (09:53):
We have to do. The word is affordable, and affordable
should be our.

Speaker 5 (09:57):
Word, not theirs, because the Democrat that's got up and
trug affordabilion and they don't say that they had the
worst inflation in history, the highest energy prices in history.

Speaker 4 (10:08):
Everything was the worst.

Speaker 3 (10:10):
President Trump is bringing jobs and investments back to the
US as part of his plan to expand America's economy.
In fact, since President Trump took office, companies have invested
trillions I want to say that word again, trillions of
dollars into their US based operations, on shoring and creating
hundreds of thousands of new jobs for Americans. President Trump

(10:33):
is also reducing the deficit. A combination of spending cuts,
interest savings, economic growth, and tariff revenues are expected to
reduce the deficit by trillions of dollars, resulting in higher
take on pay, lower interest rates, and a much stronger
American economy. In fact, one point nine million more American

(10:55):
born workers are employed today than when President Trump took office.
That's one point nine million Americans who are now happily
at work with a job right now. The US has
more people working now than at any time in the
history of our country, and the Trump administration, he says,
will not rest until the high prices that resulted from

(11:18):
democratic policies are fully rained in. He said, we're making progress,
and the best he says is yet to come.

Speaker 4 (11:26):
We're making tremendous progress.

Speaker 5 (11:29):
One point nine million more American born workers are employed
today than when I took off to.

Speaker 4 (11:34):
Think of this.

Speaker 5 (11:35):
One point nine million more today, and these are American
born workers. Nobody thought that was possible. And we have
the strongest borders in the history of our country. Nobody
comes in unless they come in legally. You see the numbers.
Everyone thinks it's impossible a year ago, millions of people
with storming our borders. Today they only come in if
they come in legally. And wages for hourly workers arising

(11:59):
at the fastest paid in sixty years now.

Speaker 3 (12:01):
The President also made it clear that there's a lot
when it comes to trade deals. We're seeing trade deals
with Switzerland that have just been announced, and we're modifying
tariffs for certain agricultural products. In fact, on Friday, President
Trump signed an executive order exempting certain qualifying agricultural products
from the reciprocal tariffs that he first announced on April

(12:21):
the second exemptions are accordingly set to be granted following
a spat of new trade deals being inked with some
of our biggest allies in the Western Hemisphere. In addition
to deals that President Trump has already secured with the EU, Japan,
the UK and other major trading partners.

Speaker 4 (12:40):
What will this do well.

Speaker 3 (12:42):
It will give substantial progress in making sure that American
workers are able to export at the same level that
we're importing. And Donald Trump also made it clear that
there are major investments coming into this country and the
tariff money is being used to help a mayor and workers,
something that the left and the media said was impossible.

(13:04):
Take a listen about that.

Speaker 5 (13:06):
And to your leader who when we met, I said,
how are you doing with racist prices are coming down?
He said, we were up forty percent because of Biden
and inflation, and they're coming down and they're coming down rapidly.
So I hope that all continues to go. But we're
really doing well as the country. Most importantly, however, I
will take big picture. We have over seventeen trillion dollars

(13:29):
being invested in our country in nine months. It's now
just about ready to crack eighteen, and by the end
of one year we will have about twenty to twenty
one trillion dollars invested in our country. That's more by
ten times the highest amount ever invested in any country
ever before, and it's largely because of tariffs, and I

(13:53):
think November fifth election, but it's the largest amount. As
an example, So if we have twenty or twenty one
in one year, twenty one trillion, think of what that is.
That's car factories, it's AI, it's everything. They're all coming
back because of the tariffs. They're all coming back because
they don't want to pay fifteen twenty thirty one hundred
percent tariff. It wasn't that complicated. People are saying, you know,

(14:17):
Trump was right. It really wasn't that complicated. But it's
been amazing. As an example, if you take me at
twenty for one year, sleepy Joe Biden, you know what,
he was less than one for four years, and if
they got elected, they would have been at minus ten
because people were moving out of.

Speaker 4 (14:33):
The country in record numbers.

Speaker 3 (14:35):
So I hope you'll take the info that I gave
you today, and I hope you'll share it wherever you
can on social media, share this podcast and text messages
with family and friends, because this is the reality of
what's happening, and it's the complete opposite of what the
left in the media are selling the American people. They
believe that they are successful right now in convincing most

(14:58):
Americans that somehow the economy is a disaster because of
Donald Trump and that things aren't getting better. In fact,
they're getting worse. But if you look at the facts,
that's just not the truth. Thank goodness, because of President
Donald Trump, it is incredible leadership.

Speaker 2 (15:13):
Thank you for listening to the forty seven Morning Update
with Ben Ferguson. Please make sure you hit subscribe wherever
you're listening to this podcast right now and for more
in depth news, also subscribe to the Ben Ferguson podcast
and we will see you back here tomorrow.
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Ben Ferguson

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