White House Condemns Doom-Mongering
The White House is pushing back against what it calls “fear tactics” from liberal economists and mainstream media figures after President Trump signed his latest landmark legislation—a sweeping economic package already being hailed by supporters as a game-changer for working Americans.
During an interview Sunday on ABC’s This Week, White House Council of Economic Advisers Chair Stephen Miran took direct aim at former Treasury Secretary Larry Summers and other naysayers. Miran dismissed their dire warnings about the bill, calling them recycled scare tactics from Trump’s first term.
“There’s been a lot of fear-mongering, just like there was when President Trump implemented tough tariffs on China during his first term,” Miran said. “Those same critics predicted disaster back then, but what actually happened? No long-term inflation, no economic crash. In fact, the economy stayed strong.”
Miran’s remarks followed a segment with Summers, a staunch Trump critic, who claimed the legislation would spark inflation, force the Federal Reserve to hike interest rates, and drag the country toward recession. He even accused Trump and Congress of favoring the wealthy, calling the bill a “shameful act.”
But the facts tell a different story. President Trump’s new economic package—dubbed the “big, beautiful bill”—extends the successful 2017 tax cuts and introduces responsible, phased-in reductions to Medicaid spending. This marks a major legislative win for the president as he continues his push to strengthen the economy and rein in bloated government spending.
While Democrats and establishment economists wring their hands, everyday Americans—especially seniors, small business owners, and retirees—are more likely to see the bill for what it is: a bold move to protect prosperity and restore fiscal sanity.
