Washington Examiner columnist Joe Concha said President Donald Trump’s actions on the economy were “right,” after the Dow Jones crossed 50,000 points for the first time Friday.
“You could go on and on as far as the wins for President Trump, but right now the economy, based on those numbers … shows things are going quite well despite all the doom and gloom because fear is the greatest motivator,” Concha said on Fox Business’s Evening Edit.
Concha listed a variety of Trump’s wins, from the economy to national security.
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“The tariff predictions were wrong, clearly Donald Trump was right, clearly, wages are up,” Concha said. “We have core inflation around 2.5%; it was above 9% under Joe Biden. We have a border that is essentially closed, which obviously helps with national security.”
He argued “optimism” matters and that business leaders are confident in the Trump administration, unlike the Biden administration.
“They have confidence in this president when they didn’t under the autopen administration of four years of 2021-2025 before Trump took office,” he said. “They understand [Trump] is doing things as far as deregulating, as far as freeing companies to do business the way they should.”
Concha said the markets are an indicator that investors have confidence in Trump.
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“When you’re investing this kind of money, the way the S&P is at this point, well, yeah, that’s a big sign,” Concha said. “We could talk about the billions, trillions that are being invested in the U.S.”
“This is confidence in the president right now, and that’s the 47th President Donald J. Trump,” he added.
