Finance guru reveals what he learned about Trumps plans for the US economy if he wins election - as he drops wide-ranging interview with ex-president
Donald Trump told CEO and finance guru Dave Ramsey how he plans to fix the economy if elected during a wide-ranging interview.
Donald Trump told CEO and finance guru Dave Ramsey how he plans to fix the economy if elected during a wide-ranging interview.
Ramsey, a bestselling author, radio host and economic consultant whose net worth is believed to be between $150M-$200M, spoke to the former president and Republican nominee on The Dave Ramsey Show for a 25-minute chat.
He told Ramsay that inflation is more important than the economy and he plans to have prices down by 50% in his first year in office and that when energy prices drop, interest rates and other things are going to follow.
The former presidents plans are largely dependent on unleashing oil and other forms of American energy to increase supply-and-demand.
Id like to use another line but theres no line thats better: Were going to drill, baby, drill, because it takes that burden off the shoulders of the economy and off the shoulders of inflation itself, Trump said
CEO and finance guru Dave Ramsey left a wide-ranging interview with Donald Trump impressed with his plans for the economy should he win back the White House
The first thing you have to do is get the energy down. If you get the energy down, other things will follow. We are going to drill at a level you havent seen since four or five years ago, he continued.
The president spoke passionately about how he feels he needs to drive down the inflated prices of so-called Bidenomics.
In terms of inflation, youre right. And its almost inflation over the economy, if you want to really know, because people are getting wiped out like never before, Trump said.
I think its the highest inflation weve ever had. They say its the highest in 48 years. I think its the highest ever. The first thing you have to do is get the energy [costs] down.
Trump was also very passionate about protecting social security benefits for seniors.
We have to save Social Security and keep it good and solid. I dont want to be raising ages or anything, Trump said.
He also blamed the migrant crisis on draining public benefits for senior citizens and suggested that fixing the border would help save the program.
Trump was once again promoting his cornerstone ideas of cutting corporate tax and increasing tariffs, announcing what he believes will be the standard in his administration.
The former presidents plans are largely dependent on unleashing oil and other forms of American energy to increase supply-and-demand
He says he plans to cut the corporate tax rate, which dropped from 39% to 21% during his initial term, to 15% but only if it you make your product in America.
You have to manufacture your product here, and then you pay 15% [in corporate taxes], and then Im going to put tariffs on countries so they cant come in and steal our business, so that our businesses now can be competitive, Trump said.
Trump also spoke briefly of his admiration and fandom for Ramsey, his advice to his children to never drink or take drugs and how he believes God has spared his life from two assassination attempts.
Ramsey told Fox Business Thursday that Trump was direct and very knowledgeable about tax rates and about the things that move in the energy world and how that does intersect the economy, and how to control a commodity market as best you can from the presidential seat.
He said that these plans to unleash American energy were what pleased him most.
You can encourage, drill, baby, drill. You can encourage opening the Keystone Pipeline, and if you flood any commodity market with that commodity, we all know its supply-demand that drives the price down, Ramsey said.
Ramsey, despite being a fiscal and cultural conservative, has expressed skepticism of both Kamala Harris and Trump on the economy.
Neither one of these people are going to be your savior. Neither one of [them] are fiscally responsible human beings, he said previously, according to Yahoo Finance.
Ramsey, a bestselling author, radio host and economic consultant whose net worth is believed to be between $150-$200 million, spoke to the former president and Republican nominee on The Dave Ramsey Show for a 25-minute chat
Ramsey has offered a similar sitdown interview to Vice President Kamala Harris
The host - who has offered a similar sitdown to Vice President Harris - was a bit more skeptical of Trump in terms of bringing prices down by half.
Thats your indirect connectivity of energy if you want to bring inflation down and stimulate an economy. But I have no idea of 50%. That didnt make sense to me.
Ramsey later told Laura Ingraham on Fox News that he believes the economy is the most important issue leading up to the election.
Many polls have shown the economy outpacing even immigration and abortion as the biggest issue concerning voters.
That could be the key to Trumps victory, as a recent poll showed Trump leads Harris when it comes to crucial senior voters in the key battleground state of Pennsylvania as the economy remains the top issue for them.
According to new polling by AARP, Trump leads among voters fifty and older by a whopping eight points in the state, 52 percent to 44 percent, and these voters signal that they are very motivated to cast ballots in the election.
Pennsylvania with its nineteen electoral votes is one of the most important swing states for both Trump and Harris on their path for the White House, and it could decide the entire election.
The polling found while Trump leads among seniors, the race overall remains close in Pennsylvania with Harris up 49 percent to Trumps 47 percent. Three percent of voters remain undecided with just 35 days to go before Election Day.
Trump also spoke briefly of his admiration and fandom for Ramsey, his advice to his children to never drink or take drugs and how he believes God has spared his life from two assassination attempts
Voters fifty and older are among some of the likeliest to show up and vote in the election.
AARP found that ninety-one percent of voters fifty and older said they are extremely motivated to vote in the looming election. It is a six percent increase since the AARPs first 2024 poll conducted in the state in May.
At the same time, just 71 percent of voters under fifty said they are extremely motivated.
The polling found that while older voters see multiple issues as important, the economy and jobs are among the top issues for such voters in the state.
The vast majority also said Social Security, Medicare and helping people stay in their homes as they get older also are extremely important when it comes to who they are casting their vote for.
Among older voters, the cost of food, utilities and health care and prescription drugs are among the top cost concerns for voters fifty and over as prices have remained elevated from pre-pandemic levels.
