President Trump has unveiled his bold vision for America’s economic revival, taking aim at the inflation nightmare left behind by the Biden administration. His powerful address to Congress outlined a comprehensive strategy to slash energy costs and restore America’s energy independence—signaling a return to the prosperity of his first term.
At a Glance
- Trump declared a National Energy Emergency to focus on dramatically reducing energy costs
- The President blamed the previous administration for creating “an economic catastrophe and an inflation nightmare”
- Trump’s plan includes expanding oil and gas production while cutting regulatory red tape
- The American Chemistry Council has expressed strong support for Trump’s pro-growth policies
- Trump aims to end China’s dominance in rare earth minerals and create an “economic and energy renaissance”
Tackling Biden’s Economic Catastrophe
In his historic address to a joint session of Congress—the longest such address on record at approximately one hour and forty minutes—President Trump wasted no time highlighting the economic mess he inherited from the Biden administration. The speech marked a triumphant return to Congress just 43 days into his second administration.
“Among my very highest priorities is to rescue our economy and get dramatic and immediate relief to working families. As you know, we inherited, from the last administration, an economic catastrophe and an inflation nightmare. Their policies drove up energy prices, pushed up the cost of groceries, and drove the necessities of life out of reach for millions of Americans,” Trump said.
Bolstering all means of American energy production, including fracking, is critical to economic growth and vital to national security – and no one does it better than West Texas.
We are fortunate to now have a leader in President Trump who values energy independence, but House…
— Rep. Jodey Arrington (@RepArrington) February 7, 2025
Making America Affordable Again
The President didn’t hold back in his assessment of the damage done under Biden’s watch, pointing to skyrocketing prices on everyday essentials that have crushed American families. Trump emphasized his administration’s laser focus on reversing this damage and making America affordable again through energy independence and domestic production.
“We suffered the worst inflation in 48 years, but perhaps even in the history of our country. As President, I am fighting every day to reverse this damage and Make America AFFORDABLE Again,” Trump said.
Trump even took aim at one of the most visible symbols of Biden-era inflation, noting, “Joe Biden especially let the price of EGGS get out of control—and we are working hard to get it back down.” The remark drew applause from Republicans in the chamber while Democrats remained notably silent.
— Alex Epstein (@AlexEpstein) January 20, 2025
Industry Support for Trump’s Vision
Key business leaders are already rallying behind Trump’s economic revitalization plan. The American Chemistry Council, representing U.S. chemical manufacturers, has voiced strong support for the President’s approach to cutting red tape and fostering American manufacturing.
“Heading into tomorrow night’s presidential address before a joint session of Congress, ACC and its members support President Trump’s promise of cutting through red-tape and instead relying on common-sense approaches that enable the American economy, our citizens and U.S. manufacturing to thrive. Together, we can help give Americans what they want: a stronger, more affordable America,” Chris Jahn said.
Central to Trump’s economic strategy is his declaration of a National Energy Emergency, aimed at prioritizing American energy production and affordability. The President has made it clear that his administration will reverse Biden-era restrictions on domestic oil and gas production while challenging the left’s obsession with costly green energy mandates.
