Over at the White House, there’s an air of celebration as the government reports a series of legislative successes pushing President Trump’s economic agenda forward. In a surprise to many naysayers, the administration seems to have been quite busy winning, and winning big. One of the highlights is Congress passing a package that aims to trim a whopping $9 billion in what is being called wasteful government spendings. The press secretary didn’t mince words when referring to the soon-to-be-ex-president signed budget cuts as eliminating “crap.” It seems a small but loud faction within Congress has finally realized that not every dollar in government hands gets turned into gold.
With only two Republican dissenters, the House has moved forward with a bill that ruffled only slightly ruffled feathers. Officials at the White House are reportedly feeling buoyant, perhaps imagining themselves on the deck of a newly painted ship, sails billowing with gusting winds, navigating towards stronger economic waters. They point out the decreasing gas prices—down 10% compared to 2024—as proof of their successful efforts against inflation, now under 3%. Let’s add the cherry on top: an influx from tariffs that’s reportedly brought in a fresh $100 billion. All this while international investors are throwing an additional $2 trillion into the U.S. economy. For a moment, it feels like the American Dream has been plucked from nostalgia and firmly planted back in real-time.
If this isn’t a nod to the art of deal-making, then what is? Despite previous gloomy predictions by so-called experts, tariffs have not brought on the apocalypse. On the contrary, it seems like the sky cleared up and business is booming. Retail prices might be up half a percent, but the picture painted by this administration is one of sunshine and growing greener pastures. Critics fixated on a disastrous cataclysm must have been watching too many disaster movies, mistaking Hollywood fantasy for economic reality.
Crypto enthusiasts, brace yourselves. The administration also finds its eyes glinting toward a sparkling, digital future. Heading into bipartisan territory, even Democratic House leader Hakeem Jeffries joined over 100 Democrats in passing the Genius Act, crafting a regulatory framework for U.S. dollar-pegged stable coins. The grand ambition shared by the President and his team is to crown the United States as the crypto capital of the world. Seems like they want us to be trailblazers of digital economy, as they draw the blueprints to regulate Bitcoin mining exclusively within U.S. borders.
In the grand theater of politics and economics, this administration is unfolding unexpected plot twists. From combating inflation to ambitiously pioneering the crypto frontier, it holds vast visions. But as the curtain rises on these new acts, they must stay wary of the ever-watching critics waiting in the wings, sharpening their critiques. It’s an ongoing political drama, full of intrigue and the occasional gasp-worthy moment. But for now, it seems President Trump’s team is enjoying their time in the limelight, soaking up applause and no small amount of attention from the economic front row.
