Fake News Called It a Disaster—Reality Says U.S. Economical Jackpot

The Ben Ferguson Podcast

iHeartPodcasts

News, Politics, News Commentary

4.9 • 4.7K Ratings

🗓️ 2 January 2026

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Gas Prices Declining
- Gas prices have fallen significantly, with national averages dropping below $3 per gallon and some states seeing prices as low as $2.36.
- In contrast under Biden (around $5 per gallon in 2022) and frames this is a major success under Trump.
Affordability Narrative
- Affordability is presented as a central issue for elections, Democrats are blaming Trump for economic challenges while data shows improvement.
- Falling costs on consumer goods like smartphones and tablets, inflation is getting under control.
Economic Performance
- Strong GDP growth (4.3% in Q3), increased consumer spending, and improved trade balances are contributing factors
- Trump’s policies, including tariffs and tax reforms, are working in contrast with Biden-era “stagflation.”
Political Framing
- Biden and Harris depleted strategic oil reserves for political purposes.
- Democratic policies deliberately made energy expensive, California is an example.
- Trump’s upcoming policies (e.g., no tax on tips and overtime starting in 2026).
Inflation and Federal Spending
- Inflation is trending downward compared to Biden’s term.
- There are concerns about government borrowing and wasteful spending, citing Senator Rand Paul’s report.

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Transcript

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0:00.0	This is an I-Heart podcast.
0:02.6	Guaranteed Human.
0:05.4	I've got one big, great piece of news for you, and that is gas prices are coming down fast.
0:14.6	Donald Trump talking about gas prices a few days ago, had this to say.
0:19.1	We're now at about $2.50 a gallon. We're going to be,
0:22.8	I think, at $2 a gallon. We could even crack that at some point. I'd love to do it. But, and we
0:28.1	could do it more easily if we weren't building up the strategic national reserves, which Biden
0:34.0	emptied out before the election so that he could try and get elected, meaning she,
0:38.3	he started it, then he got thrown out of the race, and she took over and she kept it going,
0:43.3	and they emptied out these strategic National Reserves, which are really meant for something else.
0:49.3	They're not meant to keep people happy with a gasoline price. They're meant for war.
0:53.3	They're meant for problems, big problems.
0:57.1	He emptied it out and then she continued it during the process of trying to get elected.
1:02.5	Didn't work out too well for them. And they virtually brought it down to the lowest level,
1:06.5	I believe, in history. And it didn't have much of an impact because the prices were very high.
1:13.6	But our prices now for energy, but for gasoline are really low.
1:18.6	Electricity is coming down.
1:20.6	And when that comes down, everything comes down.
1:23.6	When that goes down, everything comes down.
1:26.6	He's right.
1:28.4	There are people that are saying the president isn't doing enough.
1:32.0	What is wrong with you?
	...

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