President Donald Trump has vowed that he will bring a return to “MAGAnomics” in America if he’s re-elected in November.
In a spirited rally in Wildwood, New Jersey, Trump unveiled his plan to dismantle Democrat President Joe Biden’s “Bidenomic” economic policies.
The 45th president promised a return to hope and prosperity for the American people under his “MAGAnomics.”
Trump detailed his intentions to revive his economic approach on his first day back in office, directly challenging the current administration’s financial decisions.
According to the Washington Examiner, the event drew a massive crowd, with Trump claiming over 100,000 attendees.
He used this platform to criticize the economic downturn under Biden’s leadership, asserting substantial financial losses for average New Jersey families.
Trump pointed to a stark increase in living costs, attributing these to what he calls the “Biden inflation tax.”
According to his figures, the average family in New Jersey has seen a reduction of $23,381 in their income over three years due to rising prices on essential goods including groceries and gasoline.
Items such as hot dogs, chickens, hamburgers, and eggs have seen price hikes ranging from 22% to 50%.
Meanwhile, gasoline and bacon soared by 50% and 79%, respectively.
Trump used these statistics to paint a bleak picture of the current economic climate.
As Trump noted, the hard-working, taxpaying American people deserve better.
The 45th president promised sweeping tax cuts and a boost in domestic energy production.
Proposing measures as solutions to reduce living costs and enhance economic growth, Trump declared:
“We’re going to drill, baby, drill.
“We’re going to get our energy way down.”
He also took aim at Biden’s tax policies and the “green new scam,” suggesting they would lead to economic decline reminiscent of the Great Depression if not addressed.
Moreover, Trump accused the current administration of favoring foreign oil.
He noted that Biden’s foreign oil policies indirectly support Vladimir Putin and his actions in Ukraine, thereby exacerbating the energy crisis at home.
Amidst economic discussions, Trump also touched on social policies.
He warned Biden’s plans would “abolish the suburbs,” threatening property values and personal wealth in areas like New Jersey.
This sentiment was echoed by Rep. Jeff Van Drew (R-NJ).
The congressman contrasted the current economic pressures with the situation four years ago when the economy was flourishing with minimal inflation.
Attendees of the rally, including Christine Powell and Luke Reed, voiced their personal financial struggles and concerns about future job prospects, highlighting the immediate impacts of inflation on their lives.
As the rally unfolded, support for Trump’s economic policies was palpable among the crowd.
Powell lamented the current economic conditions, stating:
“All of us that were living paycheck to paycheck are now living paycheck to paycheck plus maxing out every single credit card because this economy is absolutely horrible.”
Similarly, Reed expressed distress over escalating prices, reminiscing about the more stable economic conditions under Trump’s previous presidency.
In his concluding remarks, Trump promised a swift economic turnaround, asserting, “The Biden economic bust will quickly be replaced with a brand new Trump economic boom.”
His comments underscored a clear delineation between his proposed policies and those of the Biden administration.
READ MORE – Trump Draws Massive Crowd of 100,000 at Rally in Deep-Blue New Jersey
