Trump Vows to Revive Economy, Curb Inflation Following Harris-Biden ‘Horrors’

Former President Donald Trump laid out a bold economic vision on Thursday, presenting it as a sharp departure from what he described as the “Harris-Biden economic horror show.”

In his speech, Trump emphasised his commitment to returning the U.S. to the days of low inflation and unemployment, which he said were hallmarks of his previous administration.

Trump’s plan centres on revitalising domestic manufacturing and energy production. He criticised the current administration’s focus on the Green New Deal, which he labelled wasteful.

He vowed to end what he called “onerous regulations” that he believes are stifling economic growth. Additionally, he pledged to make his tax cuts permanent, a move he argues would stimulate the economy further.

In contrast, Trump painted Vice President Kamala Harris and President Joe Biden’s economic strategies as socialist, citing their support for price controls, massive tax hikes, and what he sees as inflation-driving policies under Bidenomics.

Trump also sees energy as a key driver of economic recovery. He proposed a more robust energy market to significantly lower costs across various sectors. By declaring a “national emergency,” Trump aims to halve energy prices within 12 months, a move he believes would also trigger lower costs for other goods.

“Starting on Day 1,” Trump vowed, “I will approve new drilling, new pipelines, new refineries, new power plants, new reactors — and we will slash the red tape.”

Part of his economic plan includes terminating what he called the “Green New Scam” by rescinding unspent funds allocated in the Harris-Biden administration’s Inflation Reduction Act.

Trump also identified the need to “restore the rule of law” in America as his top priority.

He accused Democrats of censoring speech and weaponising the justice system and vowed to reverse these trends.

On immigration, Trump reiterated his commitment to cracking down on illegal migration, which he says is costing American jobs and burdening taxpayers with “hundreds of billions” in expenses.

However, Trump acknowledged the challenges he might face in achieving these goals, mainly if Democrats maintain control of Congress.

Despite this, he expressed confidence in pushing the nation in what he believes is the right direction after years of Harris-Biden policies that he claims have driven up energy and grocery prices and made housing unaffordable due to high interest rates.

As the nation heads into the election season, Trump’s economic plan sets the stage for a stark contrast between the two parties, especially in a year where economic policies are likely to play a crucial role in voters’ decisions.

Sola Adeniji

News Reporter, Freelancer, and content creator

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