According to CoinMeta, Larry Kudlow mentioned in an interview that Finance Minister Scott Bessent said those who believe the Republican Party will suffer a crushing defeat in the midterms should listen to his views. Bessent believes that the U.S. economy is in a phase of accelerated growth, with factory shipments increasing by nearly 20% in the past three months. He pointed out that the actual weekly wages of blue-collar manufacturing workers have increased by 4.1% during Trump's second term, and salaries in the construction industry have risen by 5% since January 2025. At the same time, census data from 2025 shows that household incomes have reached record highs, and the poverty rate has dropped to a historic low. Bessent also mentioned that Trump's policies are shifting the economy away from big government socialism towards free enterprise, creating more than 1 million new private sector jobs.