Monday, February 24, 2020

Trump at Davos: The American economy is in the midst of biggest boom

Featured

US official: Corona’s outbreak will not change China’s commitment to buy US goods

A senior US Treasury official said on Thursday that the US government expects China to fulfill its commitment to...

China: Corona virus death toll rises to 2239, and 75,567 infections

China’s National Health Committee announced on Friday that it has received reports of 889 new confirmed cases of the...

A major reshuffle in the British Government

Several British government ministers have been fired in a drastic reshuffle by Prime Minister Boris Johnson. The list includes...
Hailey Warner
Hailey Warner
Hailey isn't the biggest fan of Winter, but she's doing her best to embrace the cold weather and snow. You can find her trying out new recipes, playing squash or writing editorials.

US President Donald Trump gave a brilliant picture of the state of the US economy and its presidency in a speech at the World Economic Forum. “The American economy is in the midst of the biggest boom the world has ever seen”. Trump said. “The American dream is more beautiful than ever before. He particularly favors the middle class”.

His trade policy would have contributed to this upswing: “The United States has concluded several trade agreements that can serve as models for the 21st century because they focus on the interests of employees.”

Before his election, no one had done anything against Chinese practices towards trading partners. He tackled the problem and although it was not always easy, you are now making good progress. “The American-Chinese relationship may never have been better than today,” said the president. “I look forward to negotiating a major trade deal with the wonderful new British Prime Minister,” announced the President.

Trump painted a bleak picture of the American economy under his predecessor Barack Obama . But he himself never doubted the future viability of the United States. “Seven million new jobs have been created in America since my election,” Trump said. “Under no presidency before, unemployment has been so low. This also affects African and Asian Americans. Unemployment among women has been at its lowest since 1953. “These successes would have come about, although the Fed would have raised interest rates too quickly and then lowered them too slowly. “There are even negative interest rates elsewhere,” said the president. “I could like that.”

As in Davos two years ago, Trump largely restricted himself to economic topics in order to promote investments in America. He highlighted the low energy prices compared to Europe and invited Europeans to buy American gas. “Europe doesn’t have to buy from unfriendly suppliers,” Trump said with an open reference to the federal government’s energy policy.

Read also: Trump lawyers: Impeaching the president violates the constitution, an attempt to interfere with the election results

America will support an initiative by the World Economic Forum that aims to plant a billion trees. Trump warned against facing the future with too much pessimism. There were always doom prophets, and they were always wrong. A free market economy could face all challenges thanks to its innovative strength. “There is no better place in the world than the United States,” Trump said.

Hailey Warner
Hailey Warner
Hailey isn't the biggest fan of Winter, but she's doing her best to embrace the cold weather and snow. You can find her trying out new recipes, playing squash or writing editorials.

Latest News

Trump adviser Roger Stone sentenced to 3 years in prison for lying

A federal judge issued a ruling on Thursday against Roger Stone, a longtime adviser to US President Donald Trump,...

US official: Corona’s outbreak will not change China’s commitment to buy US goods

A senior US Treasury official said on Thursday that the US government expects China to fulfill its commitment to purchase more US goods under...

Voting begins in Iran’s parliamentary elections

The Iranians began voting on Friday in a parliamentary election that is unlikely to change Tehran's troubled relations with the United States, after excluding...

Austrian Parliament: There is no place for ISIS operatives in the country

Herbert Kickel, head of the Parliamentary Bloc of the Freedom Party (the third largest Austrian party), confirmed that anyone who joined the terrorist group...

Reports of Russian intervention supporting Trump in the US 2020 elections

Informed sources reported that Shelby Pearson, the chief election security official in US intelligence, had warned lawmakers that Russian intelligence was taking steps to...

Related News