Donald Trump and coal/Economic Plan speech at the Detroit Economic Club, August 8, 2016
On August 8 2016 Republican nominee for President Donald Trump outlined his economic plan at the Detroit Economic Club.[1]
In his speech Trump outlined his plan for "energy reform" and a major infrastructure building plan using American resources.
Extract from campaign speech
Also critical to our economic renewal will be energy reform
The Obama-Clinton Administration has blocked and destroyed millions of jobs through their anti-energy regulations, while raising the price of electricity for both families and businesses.
As a result of recent Obama EPA actions coal-fired power plants across Michigan have either shut down entirely or undergone expensive conversions. The Obama-Clinton war on coal has cost Michigan over 50,000 jobs. Hillary Clinton says her plan will “put a lot of coal companies and coal miners out of business.”
We will put our coal miners and steel workers back to work.
Clinton not only embraces President Obama’s job-killing energy restrictions but wants to expand them, including going after oil and natural gas production that employs some 10 million Americans.
According to the Heritage Foundation, by 2030, the Obama-Clinton energy restrictions will eliminate another half a million manufacturing jobs, reduce economic output by $2.5 trillion dollars, and reduce incomes by $7,000 dollars per person.
A Trump Administration will end this war on the American worker, and unleash an energy revolution that will bring vast new wealth to our country.
According to the Institute for Energy Research, lifting the restrictions on all sources of American energy will:
- Increase GDP by more than $100 billion dollars annually, add over 500,000 new jobs annually, and increase annual wages by more than $30 billion dollars over the next 7 years;
- Increase federal, state, and local tax revenues by almost $6 trillion dollars over 4 decades;
- Increase total economic activity by more than $20 trillion dollars over the next 40 years.
...
We will build the next generation of roads, bridges, railways, tunnels, sea ports and airports that our country deserves.
American cars will travel the roads, American planes will connect our cities, and American ships will patrol the seas.
American steel will send new skyscrapers soaring.
We will put new American metal into the spine of this nation.
It will be American hands that rebuild this country, and it will be American energy - mined from American sources - that powers this country.
It will be American workers who are hired to do the job.
Americanism, not globalism, will be our new credo.
Our country will reach amazing new heights."
Articles and resources
References
- ↑ Donald Trump, "An America First Economic Plan: Winning The Global Competition", Trump/Pence campaign website, August 8, 2016.
