• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsDonald Trump

Donald Trump’s economic pitch derailed by off-message rants at North Carolina rally

By
Bill Barrow
Bill Barrow
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Bill Barrow
Bill Barrow
and
The Associated Press
The Associated Press
Down Arrow Button Icon
August 15, 2024, 5:08 AM ET
Republican presidential nominee former President Donald Trump speaks at a campaign event
Republican presidential nominee former President Donald Trump speaks at a campaign event Grant Baldwin/Getty Images

Donald Trump made little effort to stay on message Wednesday at a rally in North Carolina that his campaign billed as a big economic address, mixing pledges to slash energy prices and “unleash economic abundance” with familiar off-script tangents on Democratic nominee Kamala Harris’ laugh, the mechanics of wind energy and President Joe Biden’s son.

Recommended Video

The 75-minute speech featured a litany of broad policy ideas and even grander promises to end inflation, bolster already record-level U.S. Energy production and raise Americans’ standard of living. But those pronouncements were often lost in the former president’s typically freewheeling, grievance-laden style that has made it difficult for him to answer the enthusiasm of Harris’ nascent campaign.

Trump aired his frustration over Democrats swapping the vice president in place of Biden at the top of their presidential ticket. He repeatedly denigrated San Francisco, where Harris was once the district attorney, as “unlivable” and went after his rival in deeply personal terms, questioning her intelligence, saying she has “the laugh of a crazy person” and musing that Democrats were being “politically correct” in trying to elevate the first Black woman and person of South Asian descent to serve as vice president.

“You know why she hasn’t done an interview? She’s not smart. She’s not intelligent. And we’ve gone through enough of that with this guy, Crooked Joe,” Trump said, using the nickname he often uses for Biden.

When he was focusing on policy, Trump pledged to end “job-killing regulations,” roll back Biden-era restrictions on fossil fuel production and investments in green energy, instruct Cabinet members to use “every tool” to “defeat inflation” within the first year of a second term and end all taxes on Social Security benefits and income classified as tips.

He promised economic growth so abundant that “we will pay off all our debt,” similar to a pledge he made in 2016 before the national debt ballooned during his presidency. He pledged to lower Americans’ energy costs by “50 to 70%” within 12 months, or a “maximum 18 months.” But he immediately hedged: “If it doesn’t work out, you’ll say, ‘oh well, I voted for him and he still got it down a lot.’”

At one point, Trump seemed even to question the purpose of giving a speech ostensibly devoted to the economy. “They wanted to do a speech on the economy,” he riffed, apparently referring to his campaign aides. “They say it’s the most important subject. I’m not sure it is.”

Trump spoke at Harrah’s Cherokee Center, an auditorium in downtown Asheville, with his podium flanked by more than a dozen American flags and custom backdrops that read: “No tax on Social Security” and “No tax on tips” — a made-for-TV setup to project the policy heft his campaign wanted Trump to convey.

Republicans had been looking for him to focus more on the economy than the scattershot arguments and attacks he has made on Harris since Democrats shifted to her as their presidential nominee. Twice in the past week, Trump has virtually bypassed such opportunities, first in an hourlong news conference at his Mar-a-Lago estate in Florida, then in a 2 1/2-hour conversation on the social media platform X with CEO Elon Musk.

When he stayed on script Wednesday, Trump contrasted the current economy with his own presidency, asking, “Is anything less expensive under Kamala Harris and Crooked Joe?”

“Kamala has declared that tackling inflation will be a ‘Day One priority’ for her,” Trump said. “But Day One for Kamala was 3 1/2 years ago. Why hasn’t she done it?”

Yet throughout his speech, Trump ping-ponged between his prepared remarks and familiar attacks — deviating from the teleprompter in the middle of explaining a new economic promise when something triggered another thought. He ticked through prepared remarks crisply and quickly. The rest was his more freewheeling style, punctuated with hand gestures and hyperbole.

More than once, he jumped from a policy contrast with Harris to taking another swipe at her hometown of San Francisco. He also noted several times that it was Biden, not Harris, who earned votes from Democratic primary voters. During a section of his speech on energy, he slipped in an apparent dig at Hunter Biden, the president’s son, and his “laptop from hell.”

Trump sought to connect his emphasis on the border and immigration policy to the economy. He repeated his dubious claim that the influx would strain Social Security and Medicare to the point of collapse. He bemoaned the taxpayer money being spent on housing migrants in some U.S. Cities, including his native New York. But most of the time he spent on immigration was the same broadsides about immigrants and violent crime that have been a staple of Trump’s speeches since 2015.

The latest attempt to reset his campaign comes in the state that delivered Trump his closest statewide margin of victory four years ago and that is once again expected to be a battleground in 2024.

Trump aides have long thought that an inflationary economy was an albatross for Democrats this year. But the event in Asheville only amplifies questions about whether Trump can effectively make it a centerpiece of his matchup against Harris.

The speech came the same day that the Labor Department reported that year-over-year inflation reached its lowest level in more than three years in July, a potential reprieve for Harris in the face of Trump’s attacks over inflation. Harris plans to be in North Carolina on Friday to release more details of her promise to make “building up the middle class … a defining goal of my presidency.”

A new poll from The Associated Press-NORC Center for Public Affairs Research finds that Americans are more likely to trust Trump over Harris when it comes to handling the economy, but the difference is slight — 45% for Trump and 38% for Harris.

Some voters who came to hear Trump said they were ready to hear him talk more specifically about his plans, not because they don’t already trust him but because they want him to expand his appeal ahead of Election Day.

“He needs to tell people what he’s going to do, talk about the issues,” said Timothy Vath, a 55-year-old who drove from Greenville, South Carolina. “He did what he said he was going to do” in his initial term. “Talk about how he’d do that again.”

Mona Shope, a 60-year-old from nearby Candler, said Trump, despite his own wealth, “understands working people and wants what’s best for us.” A recent retiree from a public community college, Shope said she has a state pension but has picked up part-time work to mitigate against inflation. “It’s so I can still have vacations and spending money after paying my bills,” she said. “Sometimes it feels like there’s nothing left to save.”

In some of his off-script moments, Trump ventured into familiar misrepresentations of fact, including when he mocked wind energy by suggesting people would face power outages when the wind wasn’t blowing.

Trump again insisted that inflation would not have spiked had he been reelected in 2020, a claim that ignores the global supply chain interruptions during the COVID-19 pandemic, COVID-19 spending boosts that included a massive aid package Trump signed as president, and the global energy price effects of Russia’s invasion of Ukraine.

A Harris aide said Wednesday that the vice president welcomes any comparison Trump is able to make.

“No matter what he says, one thing is certain: Trump has no plan, no vision, and no meaningful interest in helping build up the middle class,” communications director Michael Tyler wrote in a campaign memo. Tyler pointed to the economic slowdown of the pandemic and 2017 tax cuts that were tilted to corporations and wealthy individual households, and predicted Trump’s proposals on trade, taxation and reversing Biden-era policies would “send inflation skyrocketing and cost our economy millions of jobs – all to benefit the ultra-wealthy and special interests.”

Join us at the Coins2Day Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By Bill Barrow
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
North America
'I meant what I said in Davos': Carney says he really is planning a Canada split with the U.S. along with 12 new trade deals
By Rob Gillies and The Associated PressJanuary 28, 2026
1 day ago
placeholder alt text
C-Suite
Coins2Day 500 CEOs are no longer giving employees an A for effort. Now they want proof of impact
By Claire ZillmanJanuary 28, 2026
2 days ago
placeholder alt text
Success
Every U.S. Olympian is going home with $200,000, whether they medal or not, thanks to a billionaire's $100 million gift
By Jacqueline MunisJanuary 28, 2026
24 hours ago
placeholder alt text
Politics
The American taxpayer spent nearly half a billion dollars deploying federal troops to U.S. cities in 2025, CBO finds
By Nick LichtenbergJanuary 28, 2026
1 day ago
placeholder alt text
Real Estate
Ryan Serhant thinks the American Dream was just a 'slogan created by banks,' but it was really about FDR, the Great Depression, and an economic crisis
By Sydney Lake and Nick LichtenbergJanuary 26, 2026
3 days ago
placeholder alt text
C-Suite
Jeff Bezos capped his Amazon salary at $80,000: ‘How could I possibly need more incentive?’
By Sydney LakeJanuary 28, 2026
1 day ago

© 2026 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Politics

homan
PoliticsMinnesota
Trump’s border czar vows ‘zero tolerance’ on assaults against ICE while gesturing at Minnesota drawdown
By Giovanna Dell'Orto, Rebecca Santana and The Associated PressJanuary 29, 2026
25 minutes ago
omar
PoliticsMinnesota
Trump on Ilhan Omar getting apple cider vinegar squirted on her: ‘She probably had herself sprayed, knowing her’
By Alanna Durkin Richer, Steve Karnowski and The Associated PressJanuary 29, 2026
33 minutes ago
trump
PoliticsImmigration
Trump backlash over ICE builds across American culture, from The Boss to Sam Altman to Martha Stewart
By Steve Peoples and The Associated PressJanuary 29, 2026
1 hour ago
Economynational debt
$38 trillion national debt finds Democratic, Republican supermajority as watchdog sees ‘a major problem for America’s economic future’
By Nick LichtenbergJanuary 29, 2026
2 hours ago
Protestors stand and film federal agents.
C-Suitechief executive officer (CEO)
As Big Tech CEOs speak up about violence in Minneapolis, 1 in 3 corporate leaders think ICE tensions are ‘not relevant to their business’
By Jacqueline MunisJanuary 29, 2026
3 hours ago
springsteen
PoliticsMusic
Bruce Springsteen dedicates ‘Streets of Minneapolis’ to ‘innocent immigrant neighbors,’ memory of Alex Pretti and Renee Good
By Mark Kennedy and The Associated PressJanuary 29, 2026
4 hours ago