How Trump's Interview With Dave Ramsey Before His First 100 Days Measured Up

President Donald Trump does not hesitate when it comes to making daring forecasts—or laying the blame if these predictions do not meet expectations. During his campaign for presidency in October 2024, Trump talked to financial adviser Dave Ramsey to share some of his strategies if he secures a second term in the White House.

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The conversation covered a wide range of topics, from tariffs and golf courses to why pulling U.S. troops out of Afghanistan was “the most embarrassing moment in the history of our country.”

Here’s a look back at three things Trump talked about with Ramsey, and how his predictions stack up now after more than 100 days in office .

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Energy Costs

Trump spent part of his time discussing plans to drastically reduce energy prices — a goal he called “easily achievable” by ramping up domestic oil production.

“I believe I’ll be able to get energy down to 50% of what it is right now within a period of less than a year,” he said.

That’s a very ambitious goal, though there has been progress.

According to data from the Bureau of Labor Statistics (BLS), the Consumer Price Index for energy decreased by 2.4% in March compared to the previous month. On an annual basis, the energy index declined by 3.3% in March. This was due to a significant drop of 9.5% in prices of energy commodities such as gasoline and fuel oil, which outweighed increases of 2.8% in electricity costs and a substantial hike of 9.4% in piped utility gas.

As for prices at the pump , the average national price for regular gasoline was $3.14 a gallon as of May 12, 2025, according to AAA. That was well down from $3.62 the previous year. However, prices have ticked up slightly since Trump took office in late January, when the average was $3.13 a gallon.

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Furniture Production

In his chat with Ramsey, Trump mentioned how North Carolina was once the “furniture capital of the world” before “China went in” and took a lot of the business away. Trump promised to “bring it all back” to the Tar Heel state.

So far, that hasn’t happened — and some industry insiders doubt it ever will in light of Trump’s sweeping tariff proposals . One of those experts is Shannon Williams, CEO of the Home Furnishings Association.

“I’ve spoken with the CEOs of the largest furniture manufacturers supplying the U.S., and none of them have communicated intent or plans to bring manufacturing or assembly back to the U.S., due to tariffs on raw materials, components, high labor costs, and a lack of employable workers,” Williams told FOX Business in March.

Tim Stump, who leads the mergers and acquisitions advisory firm Stump & Company, expressed comparable views during a recent conversation with Fox 8 News in Greensboro, North Carolina. He indicated that the process would require more time than Trump’s presidency duration. significantly boost U.S. furniture production He likewise cast doubts on whether numerous CEOs are willing to invest substantial funds in manufacturing based in the USA.

"I simply do not believe that moving sufficient furniture back to the U.S. will make a significant impact," Stump stated.

Social Security

Trump told Ramsey there’s a “tremendous” amount of government cost cutting that could be done under his leadership, but “we have to save Social Security and maintain it strong and steady .”

Nevertheless, his track record thus far conveys a distinct narrative. This year, the Social Security Administration (SSA) has unveiled intentions to reduce over 7,000 positions And shut down at least 10 field offices.

Heading the initiative for reducing governmental operations is the Department of Government Efficiency (DOGE), an unofficial body led by Tesla’s CEO, Elon Musk, who was appointed by Trump with the aim of decreasing federal expenditures. Musk proposed that Social Security is a “Ponzi scheme” rife with waste and fraud, and might be a good candidate for a massive overhaul.

Editor’s note on political coverage: CryptoScope Dailyis 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 CryptoScope Daily .

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Sources

• Donald J Trump's YouTube Channel, " COMPLETE INTERVIEW: President Trump Talks to Dave Ramsey “
• U.S. Bureau of Labor Statistics (BLS) Consumer Price Index Report - March 2025 Data Release
• AAA, National Average Gas Prices
• Fox Business, “ Trump says new tariffs will bring furniture making back to the US; experts are skeptical “
• Fox8 WGHP, “ Is the furniture industry going to come back to the Piedmont Triad region? “

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