Dave Ramsey Endorsed Trump: Why He Believes Trump Will Be Better for the Economy
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Gabrielle Olya
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Molly Sullivan
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On a recent episode of “The Ramsey Show,” money expert Dave Ramsey announced his endorsement for presidential nominee Donald Trump. He explained that he came to that decision by looking at where Trump stands on numerous issues, including the economy, and suggested that undecided voters go through the same thorough process.
“You should make a list of the eight or 10 issues that are out there and which side each candidate falls on, regardless of the candidate themselves,” he said. “I don’t believe in voting on a single issue. … I believe in looking at the whole thing and saying, OK, there’s the economy, there’s inflation, there’s interest rates, there’s taxes — which candidate falls on the side of those things that you believe they can fix or that they’re going to impact?
“There’s the border, the immigration issue … — which candidate falls on that?” Ramsey continued. “Check the box — pro-life, pro-abortion. … Pro second amendment — no question which one you’re going to check there. … I’m again, I’m not going to vote on a single issue.”
After going through each of the issues he cares most about, Ramsey decided to vote for former President Trump.
“I’m voting for Donald Trump because I checked those boxes, and more of those are on that side than on the other side,” he said. “That’s how I made the decision to vote for Trump.”
Ramsey Has Previously Praised Trump’s Plans for the Economy
Trump previously appeared on “The Ramsey Show,” during which he and Ramsey discussed a number of economic issues including inflation, taxes and help for small businesses. Ramsey appeared on Fox Business’s “Varney & Co.” to discuss Trump’s appearance, and praised Trump’s plans for the economy.
“He was very direct and very knowledgeable about tax rates and about the things that move in the energy world, and how that intersects [with] the economy, and how to control a commodity market as best you can from the presidential seat,” Ramsey said. “It’s not something you can do, but you can encourage ‘drill, baby drill.’ You can encourage opening the Keystone pipeline, and if you flood any commodity market with that commodity, we all know supply, demand, it drops the price.”
While Ramsey admitted that he was skeptical of Trump’s claims that he would lower energy costs by 50%, Ramsey does believe Trump would be able to get energy costs and overall inflation under control.
“I have no idea how that is doable, but … around 15% of the GDP is direct energy production, and then the rest of it is impacted by energy,” Ramsey said. “So the loaf of bread that’s gone way up on the grocery shelf had to be delivered by a truck that had more expensive gas than it used to have, and so it affects the price of the loaf of bread.
“So that’s your indirect connectivity of energy if you want to bring inflation down and stimulate an economy,” he continued. “But … 50% — that didn’t make sense to me.”
Editor’s note on election coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com.
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