Trumponomics has roared back into the White House as President Trump signed a flurry of executive orders aimed at ushering in a “golden age of America” by taking a sledgehammer to the regulatory state and ramping up energy production.
Much of Trump’s Day One economic agenda centered around energy policy, where Trump dusted off the playbook to and reversed a spate of Biden-era policies restricting oil leasing, setting goals for electric vehicle output and more.
“The biggest factor for inflation is energy. They screwed up my energy policy,” Trump said during a gaggle with reporters while signing executive orders. “We’re going to make a lot of money from energy.”
Trump also signed an executive order that was specific to inflation and directed federal agencies to mobilize for an all-of-government approach to tackle the cost of living crisis.
But his advisers believe that scrapping Biden’s old energy policy is paramount to giving the economy a boost.
“The President is taking these actions as soon as possible here on day one, so that we can lower prices as soon as possible for the American people,” a White House official explained to reporters.
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