donald trump told the CEO and financial guru Dave Ramsey how he plans to fix the economy if elected, during a wide-ranging interview. Ramsey, a best-selling author, radio host and economic consultant whose net worth is believed to be between $150 million and $200 million, spoke with the former president and Republican candidate on “The Dave Ramsey Show” for 25 minutes.
Trump told Ramsey that inflation is “more important than the economy” and that he plans to reduce prices by 50% during his first year in office, and that when energy prices go down, interest rates and “other things will follow.” The former president’s plans depend largely on releasing oil and other forms of American energy to increase supply and demand.
“I’d like to use another phrase, but there’s no better one: Let’s drill, baby, drill,” because that “takes that burden off the shoulders of the economy and inflation itself,” Trump said. “The first thing you have to do is reduce energy costs. If you reduce the energy, other things will follow. We’re going to drill at a level you haven’t seen in four or five years.” he continued. The president spoke passionately about how he feels he needs to reduce the inflationary prices of what he calls ‘Bidenomics.’
“In terms of inflation, you’re right. And it’s almost inflation on the economy, if you really want to know, because people are being devastated like never before,” Trump said. “I think it’s the highest inflation we’ve ever had. They say it’s the highest in 48 years. I think it’s the highest in history. The first thing you have to do is reduce energy costs.to”.
Trump reveals his plan
Trump was also very passionate about protecting Social Security benefits for the elderly. “We have to save Social Security and keep it good and strong. I don’t want to raise the age or anything,” Trump said. He also blamed the immigration crisis for draining public benefits for senior citizens and suggested fixing the border would help save the program.
Trump once again promoted his key ideas of cutting the corporate tax and raising tariffs, announcing what he believes will be the standard in his administration.. He says he plans to reduce the corporate tax rate, which dropped from 39% to 21% during his first term, to 15%, but only if you make your product in the United States.
“You must manufacture your product here, and then you pay 15% [en impuestos corporativos]and then I’m going to impose tariffs on countries so they can’t come in and steal our business, so our companies can be competitive,” Trump said.
Trump also spoke briefly about his admiration and devotion to Ramsey, his advice to his children to never drink or do drugs, and how he believes God saved his life from two assassination attempts.. Ramsey told Fox Business on Thursday that Trump was “straightforward and very knowledgeable about tax rates and about the things that move in the energy world and how that intersects with the economy, and how to control a commodities market.” as best you can from the presidential chair.
He said these plans to unleash American energy were what pleased him most. “You can encourage, ‘drill, baby, drill.’ You can encourage the opening of the Keystone pipeline, and if you flood any commodity market with that commodity, we all know it’s supply and demand that drives the price down,” he said Ramsey.
Despite being a fiscal and cultural conservative, Ramsey has expressed skepticism toward both Kamala Harris and Trump on the economy. “Neither of these two are going to be your savior. Neither of them are fiscally responsible human beings,” he previously said, according to Yahoo Finance.
The host, who has offered a similar meeting to Vice President Harris, was a little more skeptical about Trump in terms of cutting prices in half. “That’s your indirect energy connectivity if you want to reduce inflation and stimulate an economy. But I have no idea about 50%. That doesn’t make sense to me.”
Ramsey later told Laura Ingraham on Fox News that he believes the economy is the most important issue heading into the election. Many polls have shown that the economy surpasses even immigration and abortion as the biggest issue worrying voters. That could be key to Trump’s victory, as a recent poll showed Trump leading Harris among crucial older voters in the key state of Pennsylvania, where the economy remains the top issue for them.
According to new AARP polls, Trump leads among voters fifty and older by an impressive eight points in the state, 52% to 44%, and these voters report that they are highly motivated to cast their ballots in the election. Pennsylvania, with its nineteen electoral votes, is one of the most important states for both Trump and Harris on their path to the White House, and could decide the entire election.
The poll found that while Trump leads among seniors, the overall race remains close in Pennsylvania, with Harris ahead 49% to Trump’s 47%. 3% of voters remain undecided with only 35 days until the elections. Voters fifty and older are among the most likely to show up and vote in elections.
AARP found that ninety-one percent of voters age fifty and older said they are “extremely motivated” to vote in the upcoming election. This represents a six percent increase since AARP’s first 2024 survey conducted in the state in May.
At the same time, only 71% of voters under fifty said they were extremely motivated. The survey found that although older voters see multiple issues as important, the economy and jobs are among the top issues for older voters in the state.
The vast majority also said that Social Security, Medicare and helping people maintain their homes as they age are extremely important when deciding who to vote for. Among older voters, the cost of food, utilities, health care and prescription drugs are some of the top cost concerns for voters fifty and older, as prices have remained elevated from lows. prior to the pandemic.
Source: Ambito
