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Speaker 1: The insurance companies own the Democrat Party.

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Speaker 2: They own it, and the Democrats having a hard time.

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Speaker 2: They give a lot of money to the Democrats, very.

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Speaker 3: Little money to Republicans, by the way, a lot of

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Speaker 3: money to Democrats. And they're gonna have to decide do

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Speaker 3: they want to do the right thing or do.

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Speaker 2: They want to be behould into the insurance companies.

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Speaker 3: They make it a fortune.

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Speaker 2: You're listening to the forty seven Morning Update with Ben ferguson.

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Speaker 3: Good Friday morning.

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Speaker 1: It's so nice to have you with us on the

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Speaker 1: forty seven Morning Update, and this episode is going to

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Speaker 1: deal with some great news for all of us. It

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Speaker 1: is a huge victory and an inflation crushed by Donald

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Speaker 1: Trump's policies, delivering at two point seven percent. No one

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Speaker 1: saw it coming, including CNBC, who even gasped at the

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Speaker 1: numbers after they were released. So how did Donald Trump

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Speaker 1: do it?

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Speaker 3: We'll explain it all.

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Speaker 1: But first I want to tell you about an amazing

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Speaker 1: opportunity right now that I'm involved in and I cannot

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Speaker 1: class at Hillsdale College. Hillsdale College is now offering for you,

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Speaker 1: Book of Genesis, the meaning of the US Constitution, the

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Speaker 1: rise and fall of the Roman Republic, or the history

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Speaker 1: been undermined for more than a century by radical progressives

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Speaker 3: How do you do it?

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Speaker 1: Go to Hillsdale dot edu slash Morning Update to enroll

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Speaker 1: and it's no cost.

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Speaker 3: It's easy to get started.

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Speaker 1: slash Morning Update. En role for free Hillsdale dot edu

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Speaker 1: slash Morning Update. It's the forty seven Morning Update and

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Speaker 1: it starts right now.

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Speaker 2: Story number one.

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Speaker 1: Could it be that the media and the Democrats got

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Speaker 1: it wrong yet again on the economy. The same people

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Speaker 1: that try to convince you that there was no such

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Speaker 1: thing as Biden inflation, and instead they want you to

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Speaker 1: believe that the economy was incredible shape when Joe Biden

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Speaker 1: was in office. Well, once Donald Trump got elected, they

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Speaker 1: want you to believe everything is terrible. Well guess what,

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Speaker 1: now there's more data show they're just a bunch of liars.

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Speaker 1: And this time it was bigger than even conservatives could

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Speaker 1: have imagined. There was a sharp and honestly a unexpected tumble,

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Speaker 1: not a decline, but a tumble in inflation to two

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Speaker 1: point seven percent is more than just positive data point.

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Speaker 1: It's a clear review of the economic pessimism pushed by

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Speaker 1: critics of President Donald Trump.

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Speaker 3: It's also a powerful validation.

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Speaker 1: Of Trump policies that his administration has been advancing. Saying,

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Speaker 1: trust me, it's going to work. The White House was

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Speaker 1: absolutely right. For months, economists and political opponents of Donald

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Speaker 1: Trump have warned that Trump's aggressive economic agenda, including the

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Speaker 1: tariffs that have brought in record dollars to the US,

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Speaker 1: the energy expansion, deregulation, and pressure on global trade partners,

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Speaker 1: would fuel, as they described it, inflation. Instead, the opposite

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Speaker 1: has happened. Inflation not only did it not spike, it

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Speaker 1: fell in a major way, and it fell faster than anyone,

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Speaker 1: including those at the White House, were even willing to mention,

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Speaker 1: much less claim it was going to become a reality.

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Speaker 1: Energy dominance is doing exactly by the way, what Donald

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Speaker 1: Trump said it was going to do. One of the

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Speaker 1: biggest drivers behind the falling inflation is energy prices, and

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Speaker 1: this is where Trump's policies are having an outsized impact.

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Speaker 1: Under Trump, federal barriers to domestic oil and gas production

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Speaker 1: have been rolled back, leasing and drilling approvals have accelerated.

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Speaker 1: The administration signaled clearly that America would return to energy

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Speaker 1: independence in even a bigger way than it did when

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Speaker 1: he was in office the first time. That confidence alone

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Speaker 1: stabilized the markets, and then when supply expectations rise, prices

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Speaker 1: fall not just at the pump but across the entire economy,

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Speaker 1: which is exactly what we are now witnessing having a

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Speaker 1: huge impact on inflation.

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Speaker 3: Lower energy costs, reduced.

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Speaker 1: Transportation expenses, manufacturing input costs, and grocery distribution prices. All

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Speaker 1: of that good for the economy. As President Trump said

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Speaker 1: on the Campain Trail, energy and the price touches everything

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Speaker 1: Trump understood that from day one, and inflation numbers are

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Speaker 1: now proving him to be exactly right. We also know

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Speaker 1: that the media and the Democrats lied to you about

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Speaker 1: the tariffs. They said over and over and over again,

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Speaker 1: the tariffs were going to cause massive inflation. They said

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Speaker 1: that shelves would be empty at places like Target, Walmart, Costco,

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Speaker 1: and Sam's Club. That also never happened. One of the

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Speaker 1: loudest criticisms of President Trump's economic strategy was by the

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Speaker 1: left of the media. And they said the tariffs would

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Speaker 1: not only raise consumer prices, but there would be massive

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Speaker 1: supply chain issues. They then said that would make inflation

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Speaker 1: skyrocket even more. That argument has also now flat out collapsed.

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Speaker 1: What actually happened is this, the tariffs pressured foreign producers

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Speaker 1: to actually absorb the cost us that did not get

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Speaker 1: passed on to Americans. The way that the left tried

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Speaker 1: to claim supply chains adjusted instead of breaking again, no

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Speaker 1: empty shelves and no backlogs of basic necessities that Americans need.

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Speaker 1: That was also a lie. It also had another huge impact.

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Speaker 1: American manufacturing expanded rapidly, reducing the reliance on volatile foreign inputs,

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Speaker 1: something the President said was a part of us having

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Speaker 1: security and safety literally on a national security forefront. Instead

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Speaker 1: of inflation spiraling upwards, which the left in the media

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Speaker 1: said was a guaranteed thing, prices stabilized and markets recalibrated.

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Speaker 1: Trump's tariffs weren't random, they were targeted leverage, forcing fairness

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Speaker 1: and restoring balance. Inflation falling to two point seven percent

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Speaker 1: shows that smart trade and enforcement doesn't punish the consumers,

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Speaker 1: it actually protects them. And then the issue of deregulation,

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Speaker 1: that is something that had a huge impact on the

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Speaker 1: numbers we're witnessing right now. Deregulation reduce hidden inflation, and

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Speaker 1: Americans have never been able to see the receipts before

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Speaker 1: until Trump got into office. Inflation isn't just about sticker prices.

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Speaker 1: It's also about compliance costs, regulatory delays, and bureaucratic drag

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Speaker 1: from a government that just got way too big. Trump

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Speaker 1: administration said, Hey, we're going to cut thousands of pages

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Speaker 1: of federal regulations. We're going to reduce permitting delays. We're

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Speaker 1: going to lower compliance costs for small and medium sized

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Speaker 1: businesses with something else they said was vitally important. And

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Speaker 1: when businesses spend less money navigating Washington, that's when you

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Speaker 1: get what we're witnessing right now.

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Speaker 3: Products that are faster the market. They end up hiring.

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Speaker 1: More people and they keep prices lower. This invisible inflation,

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Speaker 1: as the White House described it, rarely makes headlines, but

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Speaker 1: removing it has a real, end measured effect. The two

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Speaker 1: point seven percent inflation figure reflects those savings working their

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Speaker 1: way through the economy, and then it comes down to

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Speaker 1: confidence has returned to the marketplace and the markets have

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Speaker 1: actually responded. Inflation is also psychological. When consumers and businesses

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Speaker 1: believe prices will rise, they behave in ways that make

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Speaker 1: it happen well. Trump's leadership clearly restored economic confidence. Businesses

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Speaker 1: began investing again, consumers stopped panic buying, markets adjusted expectations downwards.

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Speaker 1: That confidence reduces volatility, and volatility is a major inflation driver.

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Speaker 1: Washington elites expected chaos, the markets and the people saw

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Speaker 1: clarity and they understood the rules of the game because

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Speaker 1: of a president that was transparent, which brings us to

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Speaker 1: fiscal discipline, and that was reassuring itself to the American people.

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Speaker 1: A renewed emphasis on fiscal restraint of our government DOGE

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Speaker 1: was a large part of that. Again, made people feel

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Speaker 1: more confident in their government. Trump is consistently pushed for

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Speaker 1: cutting wasteful spending, targeted bloated bureaucracies, and challenged runaway federal programs.

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Speaker 3: Even the signal of restraint matters.

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Speaker 1: When investors and lenders believe government spending will be controlled,

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Speaker 1: inflation expectations drop, which is exactly what we're seeing now.

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Speaker 1: All of this has turned into one thing. Now it's

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Speaker 1: showing in the real numbers. So what is the massive

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Speaker 1: takeaway from this This is a gigantic win for every American,

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Speaker 1: especially lower and middle class American families. The drop in

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Speaker 1: inflation to two point seven percent didn't happen by accident,

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Speaker 1: and it didn't happen despite Donald Trump's policies. It happened

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Speaker 1: because of Donald Trump's policies. Energy dominance, lowered costs, economy

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Speaker 1: wide tariffs, restored balance without triggering price spikes. Deregulation reduced

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Speaker 1: hidden inflation, confidence, return to the markets, fiscal discipline, signal stability.

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Speaker 1: The so called experts yet again predicted disaster. The data

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Speaker 1: delivered a reality check to them. So this inflation report

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Speaker 1: isn't just good news. It's proof that Trump's economic playbook

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Speaker 1: works even under intense political and global pressure. Thank goodness,

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Speaker 1: we have a present that's willing to stay the course

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Speaker 1: and not chase an approval rating number.

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Speaker 3: And now what we're witnessing is the real.

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Speaker 1: Effects of what Trump's economy is at the end of

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Speaker 1: his first year. And now you know what to expect

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Speaker 1: moving into twenty twenty six.

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Speaker 2: Thank you for listening to the forty seven Morning Updates

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Speaker 2: with Ben Ferguson. Please make sure you hit subscribe wherever

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Speaker 2: you're listening to this podcast right now and for more

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Speaker 2: in depth news, also subscribe to the Ben Ferguson podcast

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Speaker 2: and we will see you back here tomorrow