Trump vows to fight inflation, attacks Kamala Harris

Former President Donald Trump said Americans would be better off financially if he were elected president in November.

“Vote for Trump and your incomes will go up, your savings will grow. Young people will be able to afford a home. And we will bring back the American dream, better and stronger than ever before,” Trump said.

The Republican held a campaign event this Wednesday (14), in Asheville, North Carolina and presented a series of proposals for the United States economy, but also took advantage of the moment with supporters to attack his opponent – ​​Kamala Harris.

He focused much of his speech on the rising costs of goods and services and the effects of inflation, something that many Americans consider to be a major issue in this year’s elections.

Trump has also opposed clean energy, such as wind power, and has vowed to push the U.S. back toward fossil fuels and oil drilling. The Republican and his allies wrongly say that increasing drilling would lower the cost of gas and other goods.

Fighting inflation

Donald Trump said he will fight inflation by “ending Kamala’s Green New Deal,” referring to the climate change proposal called the Green New Deal.

He said he will use the unspent funds on infrastructure and government.

The Green New Deal is a green energy program championed by some Democrats, including Congresswoman Alexandria Ocasio-Cortez. Its proposals include “meeting 100 percent of America’s energy demand through clean, renewable, zero-emission energy sources.”

“Let’s stop wasteful spending and big special interest giveaways from the government and finally stand up for the American taxpayer,” Trump said.

Price reduction

The former president and candidate said he would “rapidly lower prices and make America affordable again” if he were elected to a second term.

Trump, however, did not specify how he would do this.

Consumer price inflation, or the rate of change in prices, is expected in a healthy, growing economy. The Federal Reserve, which is tasked with stabilizing prices, aims for an annual inflation rate of 2% over the long term.

This is seen as a manageable pace of price increases that encourages people to spend their money. On the other hand, if prices are falling immediately, known as deflation, this can discourage people from spending, which makes up the vast majority of the U.S. economy.

Deflation usually occurs during a severe economic recession, a symptom of an economy in crisis.

Reduce energy costs by half

Former President Donald Trump said his administration would cut energy and electricity prices by “at least half.”

He said that if elected, he expects it to take up to 18 months.

Trump attacks Kamala

Former President Donald Trump has lashed out at Vice President Kamala Harris, who will announce her economic agenda at an event on Friday (16).

“Kamala Harris is not going to end the economic crisis. It will only get worse,” Trump said.

He suggested that Kamala’s proposal would be a carbon copy of his plan, since both candidates want to eliminate taxes on tipped workers in service industries.

“When Kamala lays out her fake economic plan this week, it will probably be a copy of my plan, because that’s basically what she does,” he said.

He accused Kamala of failing to combat inflation and lower prices while serving as vice president.

“Kamala has declared that fighting inflation will be a priority for ‘Day.’ Think about it, for her, but Kamala’s first day was three and a half years ago. Why didn’t she do that?” he said.