Trump describes the impact of energy prices on inflation

 Clay and Buck:

CLAY: Joe Biden is saying that he’s not in any way raising taxes on people even though he is. What do we have to do to end this inflation onslaught which I believe is at a 30-year high? I think even Jimmy Carter’s looking around wondering what in the world’s happened.

PRESIDENT TRUMP: Well, Jimmy Carter’s looking very good right now because he was sort of used as an example of how not to do things and he’s done a lot of better than what they’re doing right now. No, it is inflation nation. And to a certain extent it starts with the energy, fuel. You take a look at what we did, we were a totally… We were free! We were free from the Middle East.

We were free from everything. We were energy independent. I think really the first time ever. They say the first time in 75 years. I would say the first time ever, and I was very proud of it. Now it’s the opposite. They’re going to OPEC, Russia. They went to Saudi Arabia individually. “We need oil, we need oil,” we’re begging. And if you saw, there are certain places in California where it start at $7.77, and we had it down to $1.87 when I left.

Think of that. And that’s bigger than any tax. If you look at that we were talking about three, four, five dollars more, there’s no tax that you’re gonna do that’s bigger than that. But what it’s doing is everything evolves around and revolves around energy. So what they’re doing, fellas, is — whether it’s delivering a product, making a product, it all takes energy.

And the energy now, we don’t have it. They just gave up ANWR in Alaska, the biggest — probably the biggest — drilling site anywhere in the world, perhaps as big as Saudi Arabia. Reagan tried to do it, they all failed. Everybody failed for decades and decades. I got it done and they just… Lisa Murkowski did a terrible job, the senator from Alaska.

She’s absolutely terrible. She approved a person who in the first day in office wiped out ANWR. So it’s one of those things. You have to get the energy back. If you’re gonna have high energy, you’re gonna have inflation. And there are many other things. But you have to start it with energy. We had so much energy, we’ve never had it so good, and we were energy independent, and now they are begging OPEC for help. It’s not even believable.
...

The Biden energy policy along with his big-spending ways has imposed an inflation tax on the country and has especially harmed those on a fixed income.  It has also imposed harm on rural residents who have to drive long distances just to get groceries.  Cutting domestic production and increasing the cost of transporting it to market while begging OPEC and Russia for oil is just insane.  It is an indefensible policiy.  Trump nails it.

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