Breitbart Business Digest (BBD) had the opportunity to: Exclusive interview with a sun-kissed, rested and cheerful Donald Trump Spent over 2 hours at Mar-a-Lago last week. The conversation repeatedly returned to the state of the U.S. economy and his predictions for this election year and beyond.
President Trump passionately talks about “Bidenomics”
The first thing we had in mind was to get a broader appreciation for his “Bidenomics.” If he asked 100 people what this term meant, he would probably get 100 different answers. I couldn't get President Trump's exact definition, but he did say this: This word was very bad for Biden..
“The fake news media put it out there, and it wasn't supposed to be a particularly good thing. But he likes the word and has used it,” the former president said. [BBD Fact Check: True.] “But it seems like it's bad for him, because It really means inflation, a bad economy, high taxes, and I think it means chaos and stupidity.”
President Joe Biden gives a speech promoting his economic policies in Milwaukee, Wisconsin, August 15, 2023. (Scott Olson/Getty Images)
This is a very good definition as far as we are concerned. “Bidenflation” is undoubtedly a defining feature of Joe Biden's stewardship of the world's largest financial institutions, and any honest person would say the same.Perhaps this is why the White House, Democrats, and media I was upset Even whether to use the term “bidenomics.”This is what it looked like just a month ago This term will be buried in the memory holebut it is resurfaced It just aired on NBC today.
White House gaslighting and wishful thinking aside, it's hard to agree with President Trump's assessment that this is the word. “Bidenomics” is not effective brandingso he was probably happy to see the White House press secretary dusted off.
“I think it's a bad word for him. He's using this word, and I think it's a bad word for him,” President Trump said. We believe that Mr. Trump, perhaps the world's greatest marketer, is literal. But don't be surprised if Biden probably ignores the advice of his opponents and continues to whip this pony.
The former president went a step further, warning America (via a humble Breitbart Business Digest reporter): Democrats will raise taxes If they keep the White House and control Congress this year.
How will American families, already squeezed by Bidenflation, cope with this? I hope we never have to learn the answer.
President Trump expects Fed to cut interest rates to support Democrats
We also wanted to ask President Trump what the Federal Reserve and the Fed think. Chairman Jerome Powell plans to cut interest rates specifically to help Joe Biden (or any other Democrat) win the general election.The former president said: do Think of it that way as things unfold.
“Yes, I think so.” he said before taking it Light bargains at Powell. “I've never been a big fan of this guy,” Trump said, before he casually pointed to his own Treasury secretary. “Steve Mnuchin nominated him.But I was never a big fan. ”
Trump, who tends to interrupt his answers to share highly amusing personal anecdotes, reminded us that: Powell's more dramatic maneuvers under Trump. “I was freaking out about him in the big leagues because at one point he dropped his rating by like a point. Remember that?” Again, his BBD facts are mostly true . In 2020, Mr. Powell drop rate A historic 100 basis points. Even before that, the media had complained that Mr. Trump seemed to have the ability to change Mr. Powell's behavior with what he called a “jawbone.” “The Federal Reserve will keep quiet about Trump, which will affect the U.S. economy.” read One vanity fair “The President’s psychotic tantrum finally brings down the Fed – just in time for 2020,” the establishment media whines.
Back to the heart of the matter.[Powell] In my opinion you would do something like the following If we lower interest rates, things will probably continue,” Trump told us.
If Powell did this, what would it look like? election interference?Of course it will, and President Trump acknowledged it in an interview.?
And did you think Americans were living or dying with every move the Fed made over the past few years?
We just have to wait for 2024 to really kick into gear.
Former President Donald Trump speaks at a campaign rally in Durham, New Hampshire on December 16, 2023. (AP Photo/Leva Saldaña)
President Trump uses the “D” word
During the conversation, the former president repeatedly issued dire economic forecasts. “If I don't win, you'll go into depression.”
He made sure to emphasize the letter “d.”
What better way to kick off this monumental year in American history than with a former president and presumptive Republican nominee raising the stakes to epic heights? Want to be featured only on Breitbart Business Digest?
Happy new year! Let's be productive.
Read the rest of our exclusive interview with Donald Trump here. Matthew Boyle contributed a report to this newsletter.
