Trump Wins Again For America
President Donald Trump’s economic strategy—centered on tariffs, domestic investment, and expanded energy production—is helping fuel solid economic growth without driving inflation higher, according to veteran political strategist Dick Morris.
During a recent appearance on Newsmax, Morris explained that the Trump administration has deliberately avoided relying on consumer-driven demand to boost the economy. Instead, he said the focus has been on strengthening the supply side by encouraging companies to invest and manufacture inside the United States.
Morris warned that consumer-led growth often overheats the economy, leading to inflation spikes and forcing policymakers to slow expansion. Trump’s approach, he said, avoids that trap by prioritizing investment and production rather than short-term spending surges.
Unlike previous administrations that leaned heavily on stimulus and demand, Morris said Trump has kept economic conditions favorable for growth while resisting pressure to artificially cool the economy—an approach often associated with past leadership at the Federal Reserve.
Tariffs, Morris noted, play a key role in that strategy. While critics often focus on tariffs as a source of revenue, Morris said their larger impact comes from encouraging businesses to move factories and supply chains back to American soil.
By making foreign manufacturing less attractive, tariffs help shift production to the United States, boosting output and job creation without inflating consumer prices. This supply-side growth model, he said, strengthens the economy without creating the boom-and-bust cycles seen in past decades.
Energy policy has also been critical to controlling inflation, Morris added. Oil and natural gas prices, he explained, act as “cost drivers” throughout the economy, affecting transportation, manufacturing, and household expenses.
When energy costs rise, nearly everything else follows. By expanding domestic oil and gas production, Morris said the Trump administration has helped push energy prices lower—easing inflationary pressure while allowing economic growth to continue.
“To achieve strong economic expansion while keeping energy prices down is extremely difficult,” Morris said. “Doing both at the same time requires a very disciplined economic strategy.”
