Victor Davis Hanson: The Quiet Economic Boom of Trump 2.0

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As the Trump budget advances through the Senate, critics are already sounding alarms over deficits and tax cuts. But Victor Davis Hanson says the numbers tell a more complicated—and possibly optimistic—story.

Victor Davis Hanson analyzes why the Trump budget may be triggering a quiet economic reboot on this episode of “Victor Davis Hanson: In His Own Words.”

“ The economy is doing very, very well. And a lot of it is the expectation of the things that are in process. The $10 trillion of foreign investment. This extensions of the tax cuts. Incentives for investment, in the new budget.

“  Especially with the economy, it's being rebooted. It's being redirected in ways that economists are not even able to figure out. Because, we haven't done this before. And the net result might be that we're going to make progress both in the expansion of the economy and through growth in federal revenues cut down these deficits.”

(0:00) Introduction: The Trump Budget in the Senate
(0:03) Fiscal Debates and Tax Cuts
(1:56) Economic Indicators and Market Reactions
(2:47) Trade Deficits and Border Policies
(3:46) Economic Growth and Federal Revenue
(5:28)Revolutionary Developments in the Economy
(5:56) Conclusion and Final Thoughts