Former President Donald Trump addressed energy costs and inflation at a town hall event in Warren, Michigan, on Friday. Trump emphasized that his approach to curbing inflation would begin with ramping up energy production, specifically oil and gas.
"We're going to drill, baby, drill," Trump stated, highlighting his intention to reduce energy costs. He argued that lower energy prices would drive down the cost of other goods. "Energy is coming way down. And when energy comes down, everything else follows," he added.
Trump pointed to the surge in gas prices in early 2022 as the starting point for the current inflation. He also blamed government spending on environmental programs as another contributing factor to rising prices. "They went crazy with spending on things that didn't help the country," Trump said, criticizing the "green new scam."
Reiterating his focus on American energy, Trump referred to the country's oil and gas reserves as "liquid gold" and promised to cut energy costs by 50% within a year if re-elected. He maintained that these measures would bring relief to consumers by lowering food prices, rent, and other expenses tied to inflation.
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