Scott Campaign Press Release - In Case You Missed It...Tim Scott Gives Lester Holt A Lesson On Economics
Lester Holt: Let me just follow up the idea of pumping gas and turning on pipelines that doesn't make gas cheaper that day. I'm talking about you become president. What can you do specifically to help people feel better about their situation or be better with their situation?
Tim Scott: Well actually it does to be honest with you. The way the economy works is on the ability to anticipate excess supply versus the demand when that happens. Confidence drives our prices down because we know there's gonna be a greater surplus when you allow for those who have leases to actually start drilling to start using those leases for for more energy excavation. You put our economy in the strongest position and as a result of that, prices start going down that is the kind of economy that as President of the United States, I would lead this nation to making sure that we first use the resources in our own country and not going outside of our country in order to achieve our objective. You know, Proverbs 22:7 reminds us that the borrower is slave to the lender. We have become an indentured servant too often to countries like China.
Tim Scott, Scott Campaign Press Release - In Case You Missed It...Tim Scott Gives Lester Holt A Lesson On Economics Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/367664