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Bannon`s War Room

Episode 4669: GDP Up 3% And Private Sector Growth

Bannon`s War Room

WarRoom.org

News, Politics, News:politics

4.415.6K Ratings

🗓️ 30 July 2025

⏱️ 57 minutes

🧾️ Download transcript

Summary

Episode 4669: GDP Up 3% And Private Sector Growth 

Transcript

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0:00.0

Remember, President Trump's entire program is on turning around the doldrums of the Biden economy, doing a supply-site tax cut and getting to 2.8 3.5% growth.

0:11.8

The American economy, to be robust, to be replacing jobs, to keep unemployment down, to keep the whole apparatus or the whole project moving forward, you need minimum of like 3% growth.

0:22.2

You have to have 3% growth or higher.

0:25.1

And particularly in Scott Besson's plan at Treasury, you need, and I think Chip agrees

0:30.5

as 3.5%.

0:31.5

But even at 3%, you start to get ahead of where you're growing the economy and tax revenues and tariff revenues

0:39.3

higher than you're adding deficits from spending. Now, that is a, that's what a supply site tax

0:45.7

cuts about. People say, well, that's very risky. Well, it's not, it's not, it's not risky in the

0:50.9

fact of you understand the elements that you're putting in there. Up 3% of 3% better than expected.

0:58.6

That would be the highest level since the third quarter of 24 when it was up 3.1%.

1:04.6

On the consumption side, up 1.4, very close to estimates.

1:09.5

Up 1.4 would be the best since the last quarter of 24.

1:13.5

Well, we've got a stronger than expected GDP number, 3% for the second quarter initial read.

1:19.8

That's up from a half percent in the first quarter.

1:23.8

2.6% was what was forecast.

1:26.4

Now, again, GDP, this is the first read of the second quarter coming in at 3%.

1:31.9

That is better than expected. 2.4%.

1:34.8

I want to bring it Adam Johnson.

1:36.1

Markets are certainly watching this right now.

1:37.9

Yeah, Goldilocks, because I would add to that, Cheryl, that the GDP price index was only 2%.

1:43.0

And the expectation was 2.2.

1:46.0

In other words, we have an economy growing at, what do you say, 3%,

...

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