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J.D. Vance: ‘We Borrow Money from Chinese Peasants to Buy Things Chinese Peasants Manufacture’
Jones: “Let’s bring in the vice president in. Vice President J.D. Vance, thanks so much for joining ‘Fox & Friends’ this morning.”
Vance: “Good morning. Great to be with you.”
Jones: “So the last time we had one-on-one was in your house. You weren’t vice president yet.”
Vance: “That’s right.”
Jones: “You were auditioning. You were the only candidate that said if you didn’t get selected, you would be disappointed. Well, you got accepted. So congratulations, Mr. Vice President.”
Vance: “Thank you.”
Jones: “Let’s talk about some of the issues that matter to the American people.”
Vance: “Sure.”
Jones: “And it’s the President’s new tariff policy. When I think about what he got elected on is bring the cost down for people, but also bring manufacturing back to the country.”
Vance: “That’s right.”
Jones: “These are going to kind of hit each other, right? Explain to us how you get manufacturing here, but also get the cost down for the American people.”
Vance: “Well, if you go back a little bit, Lawrence, remember during the first Trump Administration, everybody said that Trump’s tariffs were going to be inflationary back then. What actually happened? We had 1.5 percent inflation. We had the fastest growing economy in a generation. And we had the beginning of a manufacturing renaissance in the United States of America. Then, of course, we had 4 terrible years of the Biden Administration. But I think it’s useful for all of us to step back and ask us, ask ourselves, what has the globalist economy gotten of the United States of America? And the answer is, fundamentally, it’s based on two principles, incurring a huge amount of debt to buy things that other countries make for us. To make it a little bit more crystal clear, we borrow money from Chinese peasants to buy the things those Chinese peasants manufacture. That is not a recipe for economic prosperity. It’s not a recipe for low prices. And it’s not a recipe for good jobs in the United States of America. For 40 years, we have gone down that pathway. We’ve seen closing factories. We’ve seen rising inflation. We’ve seen the cost of housing so high that most Americans can’t afford to buy a home right now. President Trump is taking this economy in a different direction. He ran on that. He promised it. And now he’s delivering. And yes, this is a big change. I’m not going to shy away from it. But we needed a big change, Lawrence. We cannot keep going down the Joe Biden globalist pathway, where we have $2 trillion of peacetime debt and deficits. We have manufacturing disappearing. That is not working for Americans. We’ve got to take this country in a different direction.”
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