JD Vance on the economy: Trump is ‘taking this economy in a different direction’

MT HANNACH
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Vice-President JD Vance discussed the government’s economy and work from the government (DOGE) on Thursday in a Interview with large On “Fox & Friends”.

The vice-president sat with the co-host of “Fox & Friends” Lawrence Jones Thursday morning, a day after President Donald Trump Unveiled a 10% tariff on goods imported from foreign countries and “reciprocal intimidated” prices on certain countries, marking the last samples that the president has sought since his entry in January.

The second Lady Usha Vance, vice-president JD Vance, President Donald Trump and First Lady Melania Trump participate in the departure ceremony for outgoing President Joe Biden and First Lady Dr. Jill Biden on the East Front of the Capitol of the United States in Washington, DC after the Donald Trump juron on January 20, 2025. As president on January 20, 2025. Chris Kleponis / Pool via Reuters.

Left (Chris Kleponis / Pool via Reuters / Reuters Photos)

During the interview with “Fox & Friends”, Vance expressed skepticism about America benefiting from a “world economy” and said that the president “took this economy In a different direction “when he asked him questions about the prices of the administration.

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He told Jones that “incurring a huge amount of debt to buy things that other countries make us” was “not a recipe for economic prosperity”.

“For 40 years, we have taken this path. We have seen closed factories, we have seen increasing inflation. We have seen the cost of housing so high that most Americans cannot afford to buy a house right now,” he said. “President Trump takes this economy in a different direction.”

Vance acknowledged that Trump administration policies were a “big change” but argued that the United States “could not continue to descend the world path of Joe Biden where we have 2 billions of dollars of debt and deficits in peace”.

Jones interviewed the vice-president of the Americans living in the Painie pay check that could feel the higher price bite, to which the vice-president said that the Trump administration “was fighting very hard” to lower them and “was going to have the greatest deregulation” in the history of the country.

“What I would ask people to appreciate here is that we are not going to repair things overnight,” said Vance, saying that the Biden administration has left Trump and him the “biggest debt in peacetime and deficit in the history of the United States of America” ​​and extremely high interest rates.

He said the Trump administration Think that “good deregulation” will financially help Americans and make their work safer because foreign countries “can no longer take advantage of us”.

Jd vance ai summit

Vice-president JD Vance delivered a speech during the plenary session of the action of the action of artificial intelligence at the Grand Palais in Paris on February 11. (Reuters / Benoit Tessier / Reuters)

Vance also argued that the tax reductions that the Trump administration is ready to continue are “part of the same policy” as prices rather than a means of compensating them.

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Since Trump and Vance took office, their administration has not only been busy reorganizing the country’s trade policy, but also considerably raising spending and strengthening efficiency through the federal government through Doge, which was led by Tesla CEO Elon Musk.

Politico, citing anonymous sources, reported on Wednesday that Trump had informed his cabinet and his inner circle that the departure of Musk de Doge soon arrived, the CEO of Tesla would have proven to move to a more supporting role.

Vance called such reports “Total Fake News”.

“Elon has entered and we said,” We need to make the government more effective. We need you to shrink the incredible and vast bureaucracy that thwarts the will of the American people, but also costs far too much money. “And we said it would take about six months, and that is why Elon signed up,” the vice-president told Jones.

THE billionaire Doge managed as a “employee of the special government”. Employees of the Special Government are authorized to work for the government of the Federation for a maximum of 130 days a year.

Vance said Tesla CEO will continue to serve as an advisor, adding that Doge and Musk’s work is “even close to finished”.

“DOGE has a lot of work to do and, yes, this work will continue after Elon’s departure, but fundamentally, Elon will remain a friend and an advisor to me and the president, and he has done a lot of good things.”

Elon Musk and Donald Trump walk together

President elected Donald Trump walks with Elon Musk, on the left, before attending a visualization of the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, November 19, 2024. (Brandon Bell / Pool via Reuters TPX Images of the day / Reuters)

Vance said that Doge had “started to go away” at the government bureaucracy, but “there is a lot of work to do”.

“This will not happen in six months,” he said. “It will take a long and committed effort.”

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DOGE aims to reduce federal expenses by 2 dollars. He said the total savings estimated of $ 140 billion on his website on Thursday.

Musk said in an interview last week with Fox News host Bret Baier, whom he thought that Doge “would have accomplished most of the work necessary to reduce the deficit of a Billion of Dollars” in the special period of government employees.

Under the executive decree, Trump signed to officially form Doge, the group is supposed to complete its efforts to reduce costs in early July of next year.

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