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Other key economic metrics strong, White House claims
by VDC staff
New economic data released this week shows the U.S. economy is gaining strength in 2025, with multiple indicators exceeding expectations and signaling a return to stability and growth.
According to a statement released Monday. January 21 by the White House, a string of key economic reports reveal that inflation is cooling, production is rising, consumer confidence is climbing, and jobless claims are falling—trends the White House claims are the result of President Trump’s economic policies during his second term.
Low inflation and steady prices
Core inflation remained at 2.1%—right in line with the Federal Reserve’s target—for the fifth consecutive month. According to the administration, that marks every full month since President Trump’s return to office, reflecting pricing stability last seen during his first term.
Wholesale prices also remained flat in the latest report, defying predictions of a slight increase and signaling progress in addressing what officials describe as the “Biden-era inflation crisis.”
Growth in industrial output and manufacturing
Industrial production beat forecasts with a stronger-than-expected increase, while manufacturing output rose by 1.8% in the first five months of 2025. That’s in contrast to a 0.7% decline in the last five months of the previous administration, according to government figures.
Record-breaking tariff revenues
The administration also touted a record $120 billion in customs and tariff revenues collected since January, including $7 billion in the past week alone. That revenue helped fuel the first federal June budget surplus in nearly a decade, the White House said.
Strong consumer spending and sentiment
Advance retail sales in June exceeded forecasts, reflecting continued consumer confidence amid lower inflation and wage growth. July’s consumer sentiment index rose sharply as inflation expectations for the coming year fell.
Labor market strengthens
Initial claims for unemployment benefits dropped for the fifth week in a row, reinforcing earlier signs of labor market resilience. The data complements a strong jobs report issued earlier this month.
Housing market shows life
The housing sector is also showing signs of recovery. Both housing starts and permits for new construction climbed in June, beating market expectations and suggesting renewed builder and buyer optimism.
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Categories: National News, Taxes
How were so many people deluded in 1913? Not only was the Federal Reserve established, but tariffs which funded the government were eliminated and the Progressive income tax (16th Amendment) was installed to make sure everybody paid their “fair share”, when in reality they installed a system which they knew down the road could be weaponized and used against political opponents. Then they passed the 17th Amendment allowing the Senators to be elected to office instead of being appointed by the state legislatures bypassing the natural term limits the founders built into Constitution. Right after all the Senators were bought up by the special interests of the day, they turned around and passed laws allowing them to create foundations so they could circumvent the income tax. All this was done under the father of Progressivism, President Woodrow Wilson. And the United States has never been the same. The camel got more than his nose under the tent. Scratch a progressive and you’ll find a fascist.
Tariffs = Taxes. Always have, always will. Don’t be fooled.