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Home » FULL TRANSCRIPT: Trump talks About Economy, Inflation at New Jersey

FULL TRANSCRIPT: Trump talks About Economy, Inflation at New Jersey

Here is the full transcript of former President Donald Trump’s Press Conference at Bedminster, New Jersey, Thursday, August 15, 2024.

Listen to the audio version here:

TRANSCRIPT:

Opening Remarks

DONALD TRUMP: Thank you, everybody. Nice to see you. We have a lot of interesting things to talk about and we have some very specific things. So we’ll take our time. We have plenty of time. I think you have plenty of time. I hope you like the weather. It’s very nice. Nice place. Nice location.

And I do thank you for being here. And we don’t have very much heat. So I say it’s perfect weather for this. The rain is not imminent based on the fact that there are no clouds. So it’s really nice. It’s really nice.

State of the Nation

DONALD TRUMP: And let’s go over some big facts and some very substantial truths about where we stand as a country, because we’re a failing nation because of the way it’s been run for the last three and a half years. We’re a failing nation. People are coming into our country by the millions and millions and millions. We have no idea who they are, where they come from.

But we’re also a failing economy. Kamala Harris is a radical California liberal who broke the economy, broke the border and broke the world. Frankly, very destructive to the entire world, because as we go, oftentimes the world goes. She destroys everything she touches.

And if she wins, your finances and your country will never recover. You’re never going to recover. A radical left person wants to put price controls all over the place, which will end up driving up your prices, not down your prices. Harris has just declared that tackling inflation will be a day one priority for her. It’s going to be day one. But day one, really, for Kamala was three and a half years ago. Where has she been and why hasn’t she done it? Why hasn’t she done it?

Criticism of Kamala Harris

DONALD TRUMP: I hear her complaining all the time. She was the border czar, but she didn’t do anything. It’s the worst border czar in history. There’s never been a border czar so bad. She’s been unbelievable in terms of her badness to some of our allies, some of our great allies. You know who I’m talking about?

Here is the record of economic calamity that Kamala is desperate for voters to ignore. She cast a tie breaking votes that caused record inflation. She cast the votes. She’s trying to blame Biden, as you know. So it was Biden. But I’m going to do a better job. But it was her. And if she wants to do a better job, she’s still got five months left. Right. But she can’t do a better job because she doesn’t know how to.

And she’s of a place in life where she wouldn’t know what a better job is, going to destroy our country. And as a result of Kamala’s inflation price hikes, it cost a typical household a total of $28,000. These are numbers coming from government. They’re not coming from me.

Economic Impact

DONALD TRUMP: Twenty eight thousand dollars has cost the typical household. Kamala’s inflation nightmare continues to cost the average American family $1100 every single month. One thousand one hundred dollars. Again, government numbers. You’re paying one hundred and forty eight dollars more a month on food. It’s every month average family because Kamala and her ideas — and Joe Biden, too, I mentioned him, but he’s sort of gone. So it all started with the debate. I should have been a little bit easy.

Somebody said your debate performance was horrible. I said, why? Because you forced him out of government. But I believe she’ll be just as bad. I believe she’s maybe in many ways going to be worse because he wasn’t really a radical left. But she is. She’s real. He wasn’t real. So I think she’s going to be in many ways easier to beat than Joe Biden. What they did to him was disgraceful, by the way. And it really is a threat to democracy. It was a coup by people that wanted him out and they didn’t do the way — not the way they’re supposed to do it.

Cost of Living Increases

DONALD TRUMP: $129 more on energy and $241 more. This is all per month on rent. So you have that $148, $129, $241 and then many other increases. You add it all up. It’s thousands and thousands of dollars that she and he have cost people. The cost of a typical monthly mortgage has doubled since I left office. And that number was about three months old from government. And now it’s tripled.

We had mortgage rates at around 2%, close to 2%. And they’re now at 10 percent. And you can’t get a mortgage. So that means it’s a lot higher than 10 percent. I guess it is whatever whatever they want to give over the money. And that’s a lot more than 10 percent. So when you think about double, they’ve actually quadrupled or more than that. Think of that quadrupled, which really kills the American dream for young people. Young people are being devastated by what they’ve done to our country.

Food Price Increases

DONALD TRUMP: Grocery prices have skyrocketed. Cereals are up 26 percent. Bread is up 24 percent. Butter is up 37 percent. Baby formula is up 30 percent. Flour is up 38 percent. And eggs are up 46 percent. And many items are up at much higher rates than that.

Now, Kamala is reportedly proposing communist price control. She wants price controls. And if they worked, I’d go along with it, too. But they don’t work. They actually have the exact opposite impact and effect. But it leads to food shortages, rationing, hunger, dramatically more inflation.

Criticism of Economic Policies

DONALD TRUMP: Their Inflation Reduction Act, by the way, was a disaster.