Trump: Pricey Gas Could Push Romney Into White House

Tuesday, 06 Mar 2012 08:55 AM

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
High gasoline prices could prompt frustrated voters to oust President Barack Obama and push Mitt Romney into the White House in November, says real-estate mogul and one-time presidential hopeful Donald Trump.

"The fact is the Republicans have a great chance of winning under the auspices of Mitt Romney," Trump tells CNBC.

Sky-high oil prices are pushing gasoline higher at the pump and are threatening the overall economy similar in manner to 2008, the year of economic meltdown that Trump says was the product of soaring energy costs more than the financial collapse.

Editor's Note: Wall Street Whistleblower Warns of Meltdown, See His Uncensored Interview

"I think Mitt Romney could win and I think he will win," Trump tells CNBC.

"Look at what's going on with oil — could this be heading up to $150 a barrel again? Which is what I think caused the last depression, because I'll call it a 'depression,' more so than the banks," Trump tells CNBC.

OPEC countries manipulate oil prices to their own advantage, while China keeps its currency artificially cheap to gain an unfair advantage in the global trade arena, Trump has said.

Romney, the former Massachusetts governor, will put a stop to that.

"He's a good man. He gets China. He gets OPEC," Trump says.

In the meantime, high oil prices and loose monetary policies could send inflation rates rising in the near future, and real estate is a good hedge for spiking consumer prices, Trump said.

"You're going to see inflation like nobody's ever seen it before, and I always found the best thing to own for me personally has been real estate during inflation and during times actually like this," Trump says.

Romney has blamed Obama's energy policies for high fuel prices, pointing out the president isn't doing enough to boost domestic production, which would alleviate high energy costs. Romney says Obama is instead taking credit for George W. Bush's energy policies that did hike domestic output.

"Far from taking credit, he should be hanging his head and taking a little bit of the blame for what's going on today," Romney said recently, according to Reuters.

Editor's Note: Wall Street Whistleblower Warns of Meltdown, See His Uncensored Interview

© 2014 Moneynews. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Morningstar's Miller: Utility Stocks Look Good for the Long Run

Wednesday, 01 Oct 2014 19:32 PM

The utilities sector was the only one of the 10 Dow Jones sector indices to post a gain in Wednesday's stock market rout . . .

Casino Mogul Wynn: 'I'm More Scared About US Than China'

Wednesday, 01 Oct 2014 19:13 PM

Steve Wynn, CEO of Wynn Resorts, which earns a majority of its revenue in the Chinese territory of Macau, isn't too worr . . .

MercBloc's Dicker: Oil 'On Its Way to $140' a Barrel

Wednesday, 01 Oct 2014 18:59 PM

U.S. crude oil prices fell to a 17-month low Wednesday at $90.73, but Dan Dicker, president of money manager MercBloc an . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved