Cliff Notes: Trump's Economic Policies with Senator Tim Scott

It might seem boring to safe plan and make calculated decisions with your bank, but keeping your money boring is what helps you live or more happily fulfilled life. P and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty five is a service mark of the PNC Financial Service Group, Inc. P and C Bank

National Association Member FDIC erness What's Up? You ever walk into a small business and everything just works like the checkout is fast, the receipts are digital, tipping is a breeze, and you're out the door before the line even builds. Odds are they're using Square? We love supporting business that run on Square because it just feels seamless. Whether it's a local coffee shop, a vendor at a pop up market,

or even one of our merch partners. Square makes it easy for them to take payments, manage inventory, and run

their business with confidence, all from one simple system. If you're a business owner or even just thinking about launching something soon, Square is hands down one of the best tools out there to help you start, run, and grow. It's not just about payments, it's about giving you time back so you can focus on what matters most ready. To see how Square can transform your business, visit Square dot com backslash, go backslash eyl to learn more that

Square dot com backslash, go backslash eyl. Don't wait, don't hesitate. Let's Square handle the back end so you can keep pushing your vision forward.

think he could have done better with the economy that could have been more favorable for African Americans in a general United States public?

So I actually celebrate the success that we had going into COVID in twenty nineteen when I think there's a really good chance to reflect on three years of President Trump's leadership economically, there's no doubt that one must conclude, at least from my perspective. One we can always disagree. He created seven million new jobs in that time that era, and two thirds of those jobs went to women and minorities. It wasn't just African Americans who saw the lowest unemployment

rate in the history of the country. Spanish did as well. Women did not. They saw seventy year a lot, but not the lois. Wages at the bottom grew faster than wages at the top. That is an unusual reality driven by the ability to open up a more inclusive economy

that I helped design. Frankly, and I take a lot of personal pride in being the leading Republican on the Banking Committee now and they han't been on the Finance Committee and given the authority to write the personal side of the tax go for the Senate side, and so the success I like to celebrate the success that I'm intimately familiar with, the HBCU funding that came through President Trump, the canceling of HBCU debt came through President Trump, the

permanent funding for the first time not done by a former president, but done by President Trump. During that time, Certainly I brought so many of those issues to them, including opportunity zones. But those things were successes that we saw. And frankly, if you look back at the statistics and the polls from the African American community, not about President Trump, but about the state of play economically at that time, you'll see very consistently that our community was celebrating a

lot of the resourcing that we saw coming in. And we see the exact opposite since twenty twenty one, when we saw inflation raging so high that the average family is today still paying one thousand dollars more per month

for the same basic necessities that they were experiencing up until twenty twenty. In twenty twenty and so, I think when you see the comparisons, it's kind of hard to argue around the success of those years that we had.

You can talk about a lot of other issues, but economically and frankly, the first time we saw criminal justice reform past was a coalition of like minded thinkers to include President Trump's team that allowed us to finish the First Step Act to try to break what is one of the most challenging and persistent problems in the criminal

justice system, which is recidivism. Recidivism on the federal level is over seventy percent in five years, which means that the communities with returning citizen formerly incarcerated is going to will be in greater jeopardy if we don't understand the three primary challenges of those who are incarcerated mental health issues,

employment issues, and education issues. By addressing those three things in the First Step Act, you see the ability to break the back of recidivism, which means a few crimes committed when the returning person goes home, and healthier, more progressive community at large. And so those were some of the successes that we could not get done until we had someone willing to go the extra mile on those issues. So I think from a policy state endpoint, whether it's

criminal justice reform, whether it's economically, and whether it's education, three the major landmarks that suggest success within a community, a community be called America, not just the African American community. We saw tremendous strives in the right direction.

and I'll send it to you if I'm wrong. It's about two hundred and fifty billion dollars of additional agricultural supplies from America, whether there's the vegetables, fruit. So one of

the things that we saw was China's they lie, cheat, steal to include our intellectual property, and then they flood our market with really inexpensive things that don't always work

that well. Very similar to their boat that their Belt and Road projects that they sent throughout the poorest parts of the world to include South South America and Africa, and now those projects that they funded are now having so many failures and flaws that those governments that they sunk into so much debt are now coming out against those very projects that they were thankful for at the beginning.

So I don't really have a problem with the three oh one tariffs that were put in place, and frankly, President Biden actually kept the tariffs in place as well, and so I think they've had a small impact on the average consumer in America. But we have seen, however, that has had a impact and impact on the consumers in America is the inflationary effect that's happened after the

twenty twenty one election. Twenty twenty election and the one point nine trillion dollars the first spending bill that came out of Congress under President Biden. I think it was Larry Summers, who was an economist who worked for President Obama, who said at the time, passing a two trillion dollars COVID relief package with only one percent going towards COVID vaccines, in less than ten percent towards COVID healthcare, I mean

one point seven trillion dollars of spending. Larry Summers, a great economist on the left, said this is going to be disastrous for America's economy, and then two other economists from the Obama era came out and said, this is a bad decision that would lead to the worst inflation

that we've seen in a generation. Of course, all the economists on the right agreed with the sentiments as well, and what we've seen since then has been a loss of spending power of around twenty eight thousand dollars with the average family, which only cripples the kind of households that I grew up in. Because sixty percent increasing the price of gas is not a problem for my mother at the time, that would be an absolute all out crisis for her. And so when you compare the tariff

conversation to the inflation conversation. They're not even close and impact on the poorest Americans.

Secretary of Homeland Security. Under President Trump, attempted illegal border crossings are at the lowest levels ever recorded, and over one hundred thousand illegal aliens have been arrested. If you are here illegally, your next you will be fine nearly one thousand dollars a day, imprisoned and deported, you will never return. But if you register using our CBP home app and leave now, you could be allowed to return legally.

Do what's right. Leave now. Under President Trump, America's laws, border and families will be protected.