Karoline Leavitt
@PressSec

President Donald J. Trump's economic agenda is working: inflation is down, income is up, and the trade deficit just fell by the largest amount on record.

Today's economic report follows multiple robust jobs reports, below-expectation inflation reports, and a strong bump in consumer confidence.

President Trump continues to prove doomsday "experts: wrong with his America First economic agenda that's delivering for the American people.

Well, now they've heard it, and they've also heard that a lot of Americans resent the meritocrats' insulation from what's happening elsewhere, especially as America's unfortunate record over the past couple of decades, whether in economics, in politics, or in foreign policy, doesn't suggest that the "meritocracy" is overflowing with, you know, actual merit.
In the United States, the result has been Trump. In Britain, the result was Brexit. In both cases, the allegedly elite -- who are supposed to be cool, considered, and above the vulgar passions of the masses -- went more or less crazy. From conspiracy theories (it was the Russians!) to bizarre escape fantasies (A Brexit vote redo! A military coup to oust Trump!) the cognitive elite suddenly didn't seem especially elite, or for that matter particularly cognitive.
In fact, while America was losing wars abroad and jobs at home, elites seemed focused on things that were, well, faintly ridiculous. As Richard Fernandez tweeted: "The elites lost their mojo by becoming absurd. It happened on the road between cultural appropriation and transgender bathrooms." It was fatal: "People believe from instinct. The Roman gods became ridiculous when the Roman emperors did. PC is the equivalent of Caligula's horse."

REPORTER: There's also been a lot of discussion recently about your mental and physical capabilities while you were in office.

BIDEN: You can see that I'm mentally incompetent and I can't walk, and I can beat the hell out of both of them.

REPORTER: Do you want to reply to any of those reports, and also to the fact that there are some Democrats who are now questioning whether you should have run for reelection in the first place?

BIDEN: Why didn't they run against me then? Because I'd have beaten them.

REPORTER: Do you have any regrets?

BIDEN: No, I don't have any regrets.