Talk radio show host Dave Ramsey is one of the country’s leading personal finance gurus.
He wanted to get down to the nitty-gritty with Presidential candidates.
And Dave Ramsey revealed one scary reality he learned from Donald Trump.
Dave Ramsey gets down to business with Donald Trump
Personal finance expert Dave Ramsey put out an invitation to both Presidential candidates for an interview about the economic issues facing Americans.
Ramsey usually stays away from politics but he thought it was too important not to get answers for his audience about how the candidates would handle problems like inflation.
Vice President Kamala Harris never responded to his invitation, but former President Donald Trump agreed to a sit-down interview at Trump Tower in New York City.
Ramsey appeared on Fox Business Channel’s Varney & Co. where he talked about the insights he learned from Trump.
“I tried to just sit back and listen,” Ramsey said. “I wanted to talk about ideas on a pretty low, even keel instead of getting into stump hyperbole and all of that. And by and large, if you watch the interview, we were able to do that.”
The talk radio show host said that Trump was very informed and direct with him about tax policy and the energy industry.
Trump’s plan to tackle inflation
Inflation became a major issue in the country after Kamala Harris repeatedly cast tie-breaking votes in the Senate, enabling President Joe Biden’s extensive spending during the first two years of his administration.
Trump laid out his plan to get prices under control for inflation-weary families.
“In terms of inflation, you’re right. And it’s almost inflation over the economy, if you want to really know, because people are getting wiped out like never before,” Trump explained. “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 ever. The first thing you have to do is get the energy [costs] down.”
Ramsey told Fox Business that energy prices affect so much of the economy.
“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 it’s supply-demand that drives the price down,” Ramsey said about Trump’s plan.
He explained how energy prices ripple out through the economy.
“As he and I were talking,” Ramsey recalled. “Around 15% of the GDP is direct energy production, and then the rest of it is impacted by energy. So the loaf of bread that’s gone way up on the grocery shelf had to be delivered by a truck that had more expensive gas than it used to have.”
Trump told Ramsey that once energy prices start falling, then everything else would follow.
“That’s your indirect connectivity of energy if you want to bring inflation down and stimulate an economy,” Ramsey stated.
Biden came into office in January 2021 and declared war on American energy production on day one.
Donald Trump unleashing American energy could be the first step to ending the cost of living crisis the Biden-Harris administration created.
