Donald Trump reveals "new strategy" with President Joe Biden

Criticism of inflationary economic policies

In a strategic move to set the tone for the upcoming US presidential election debate, former President Donald Trump has offered a preview of the arguments he plans to deploy against President Joe Biden's handling of the economy.

In a keynote speech that lasted about 80 minutes at a conference organized by the evangelical advocacy group Faith and Freedom Coalition, Donald Trump made a series of criticisms aimed at various economic issues under President Joe Biden's administration.

Donald Trump has made harsh criticism of President Joe Biden's economic policies, saying they have caused rising gas prices and weakened America's economic position in the world.

Mr. Donald Trump attends a campaign event in Philadelphia, Pennsylvania, USA (Photo: Reuters)

He stressed that under President Joe Biden's leadership, the US economy has declined, with rising public debt and budget deficits. Joe Biden's economic policies have hurt the middle class and American workers.

Donald Trump also focused on inflation, a major concern for many Americans. As the policies of President Joe Biden's administration have pushed up inflation, causing prices of everyday goods and services to skyrocket. At the same time, excessive government spending under President Joe Biden has created this inflationary pressure, making life more expensive for people.

Criticism of climate policies

Trump also criticized Biden’s approach to infrastructure and climate policy. While the Biden administration sees the infrastructure bill as a significant investment in the country’s future, Trump has said it is not fiscally responsible and not well-targeted. He argues that infrastructure spending is inefficient and that the climate policies included in the bill are unrealistic and harmful to the economy.

Specifically, Mr. Trump emphasized that President Joe Biden's infrastructure bill is not a financially sound solution. He assessed that large investments in infrastructure are not carefully considered in terms of long-term economic benefits and debt repayment capacity. Uncontrolled public spending will lead to increased public debt, putting pressure on the national budget and creating a financial burden for future generations.

On climate policy, Donald Trump said the measures proposed in Joe Biden’s infrastructure bill were unrealistic and could harm the economy. He argued that a rapid transition to renewable energy sources and the imposition of strict emissions regulations would increase production costs and reduce the competitiveness of American businesses in the global market.

At the same time, Mr. Trump commented that this climate policy could lead to job losses in traditional industries such as oil, gas and coal, negatively affecting the lives of millions of workers. Spending is not allocated reasonably and not targeted properly, leading to waste and inefficiency in improving infrastructure and protecting the environment.

Meanwhile, Mr. Trump emphasized that during his time in office, he focused on improving infrastructure more effectively and creating realistic economic policies that support sustainable development without harming the economy. He asserted that an effective infrastructure policy must carefully consider the economic benefits and costs, and must be implemented in a fiscally responsible manner to avoid increasing public debt.

President Joe Biden attends a campaign event in Philadelphia, Pennsylvania, USA (Photo: Reuters)

The federal deficit is growing.

Another key point in Trump’s speech was the growing federal deficit. He pointed out that under President Joe Biden, the federal deficit has continued to grow, which Trump said was a sign of poor fiscal management. He expressed concern that this growing deficit could have long-term negative impacts on the economy, including higher taxes and lower economic growth.

Mr. Donald Trump emphasized that this situation not only increases the burden of public debt but can also lead to tax increases to cover the costs, which will negatively affect people and businesses. In addition, Mr. Trump also said that high federal deficits can slow economic growth, because the government will have to spend more money to pay interest on debt, instead of investing in other important areas.

Prepare for heated debate

This move by Mr. Donald Trump shows that he is carefully preparing for the upcoming presidential debate, with the goal of attracting voters' support by emphasizing the economic achievements during his term and criticizing the policies of President Joe Biden.

Donald Trump's speech at the evangelical conference is also part of his broader strategy to strengthen his base of support among religious and conservative communities, who he believes will be a key force in the upcoming election.

By highlighting these issues, Donald Trump aims to appeal to voters who are worried about the current economic situation and position himself as the better option. His focus on specific economic concerns is designed to resonate with voters who feel the impact of inflation and government spending policies in their daily lives.

As the first presidential debate approaches, Donald Trump’s preliminary attacks on President Joe Biden’s economic policies have set the stage for a bitter, policy-focused showdown. With the economy a key issue for many voters, Donald Trump’s criticisms are likely to dominate the upcoming presidential debate, drawing a stark contrast between the two candidates’ visions for the future of the U.S. economy.

Source: https://congthuong.vn/election-of-the-2024-president-of-the-my-2024-ong-donald-trump-he-lo-chien-luoc-moi-voi-tong-thong-joe-biden-328272.html