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Donald Trump performed like an elementary schoolboy at a show and tell offering nothing but lies. There were even some sniggers from the audience when he started his schoolboy rant.
Donald Trump's economy is not the best there has ever been. GDP growth is around 2% and debt growth is > 2 x GDP growth.
The engine of the Donald Trump economy is burgeoning government debt, which will have to be repaid one day if indeed it can be repaid after Donald Trump is finished growing it.
Donald Trump is not loved, only tolerated by the international community.
Donald Trump is trashing brand America with his bullshit, braggadocio, and his attitude toward allies.
Breakingviews - Donald Trump wins most insufferable title at Davos
Donald Trump's economy is not the best there has ever been. GDP growth is around 2% and debt growth is > 2 x GDP growth.
The engine of the Donald Trump economy is burgeoning government debt, which will have to be repaid one day if indeed it can be repaid after Donald Trump is finished growing it.
Donald Trump is not loved, only tolerated by the international community.
Donald Trump is trashing brand America with his bullshit, braggadocio, and his attitude toward allies.
Breakingviews - Donald Trump wins most insufferable title at Davos
Breakingviews - Donald Trump wins most insufferable title at Davos
Gina Chon
DAVOS, Switzerland (Reuters Breakingviews) - It’s a high bar but Donald Trump has quickly snagged the title of most insufferable man at Davos.
The U.S. president is in an especially braggadocious mood as he mixes it up at the World Economic Forum. He signed a trade deal with China, stocks are soaring, and Iran’s top general is dead on his orders. Impeachment is a stain on his presidency, but globalist delegates already exasperated by his “America First” policies will be even more annoyed because Trump has real things to brag about.
Trump is just one of many big egos descending on the Swiss mountain resort. JPMorgan chief Jamie Dimon, whose bank resoundingly beat fourth-quarter earnings estimates, is hosting several events. Salesforce.com boss Marc Benioff is preaching about woke capitalism.
But the president, with his penchant for hyperbole, outdoes them all. In an address to delegates on Tuesday, Trump declared that America was experiencing an economic boom “the likes of which the world had never seen before”. Last week Trump inked a pact with China, with an ambitious goal of having the People’s Republic buy $200 billion more in U.S. goods and services over two years. That helped stocks close at a new record high on Friday. The president went further at Davos saying total purchases could be closer to $300 billion.
The China agreement was agreed two weeks after Trump ordered a drone attack on Iranian military commander Qassem Soleimani. Iranian Foreign Minister Mohammad Javad Zarif canceled his Davos trip. Last year, it was Trump who abruptly pulled out of the gathering amid a government shutdown, spurred by his fight with Democrats over a $6 billion border wall request.
... The audience barely clapped during Trump’s comments - but he gave himself enough applause to make up for it.