In the midst of the thriving Taylor Swift economy, Tomi Lahren of OutKick praises the pop star for her positive impact on the economy. Lahren suggests that Swift may be better suited for the White House than some of its current occupants. These remarks were made following the Federal Reserve’s recognition of Swift’s financial contributions and their effect on the US economy during her immensely popular Eras Tour. The Philadelphia Federal Reserve office states that Swift has personally caused a surge in US tourism, leading to increased hotel revenues for the first time since the start of the pandemic. Fans are willingly spending large sums of money on tickets, hotels, and other related expenses, with estimates suggesting that the tour could generate a staggering $4.6 billion or more. During her recent shows in Colorado, Swift reportedly had an economic impact of $200 million in consumer spending, contributing $140 million to the state’s GDP, as stated by the Common Sense Institute. Lahren explains that Swift’s tour not only benefits the concert attendees but also the communities hosting the shows, as fans spend money on accommodations, transportation, and local businesses. Lahren commends Swift for her ability to create a product that people eagerly want to buy, and emphasizes the positive influence it has on the economy. Meanwhile, in a Fox News poll released in June, President Biden’s approval rating on the economy stood at 60%, marking a 7% increase from the previous year. Inflation rates have fluctuated significantly during Biden’s tenure, reaching a 40-year high of 9.1% in June 2022 before dropping to under 4%. Despite these figures, market experts predict a potential mild recession for the US economy in the latter half of 2023. Despite Swift’s inclination towards left-leaning politics, Lahren argues that the singer-songwriter possesses a strong understanding of economic prosperity. Lahren acknowledges Swift’s impressive ability to reinvent herself in the ever-changing music industry, regardless of one’s political views. Lahren believes that Swift’s contributions to the economy, particularly in the post-COVID era, warrant consideration and suggests that the Biden administration could benefit from adopting similar strategies. Lahren humorously suggests that Swift would fare better in the White House than some of the current appointees if given the opportunity. This report includes contributions from FOX Business’ Janelle Ash and Fox News’ Kassy Dillon.
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