President Donald Trump trumpets the achievements of the U.S. economy, blasts ‘radical socialists’ to business and economic leaders at the World Economic Forum in Davos.
The U.S. economy has been booming since President Trump took office three years ago, much to the surprise of naysayers.
Real total household and nonprofit net wealth increased 12.1 percent—over $12 trillion—over the first 11 quarters of the Trump Administration, according to the White House.
This week, the President is in Davos, Switzerland, speaking at the World Economic Forum.
During his speech, Trump trumpeted the gains that the “working class” in the United States has made since he took office.
President Trump: "For the first time in decades, we're no longer simply concentrating wealth in the hands of a few." pic.twitter.com/1icuFFWdhm
— The Hill (@thehill) January 21, 2020
For the first time in decades, we are no longer simply concentrating wealth in the hands of a few. We’re concentrating and creating the most inclusive economy ever to exist. We are lifting up Americans of every race, color, religion, and creed.
Unemployment rates among African Americans, Hispanic Americans, and Asian Americans have all reached record lows. African American youth unemployment has reached the lowest it’s ever been in the history of our country. African American poverty has plummeted to the lowest rate ever recorded. The unemployment rate for women reached the lowest level since 1953. And women now comprise a majority of the American workforce; that’s for the first time.
The unemployment rate for veterans has dropped to a record low. The unemployment rate for disabled Americans has reached an all-time record low. Workers without a high school diploma have achieved the lowest unemployment rate recorded in U.S. history. Wages are rising across the board. And those at the bottom of the income ladder are enjoying the percentage, by far, largest gains. [Emphasis added.]
[Read the rest of President Trump’s remarks here.]
In addition to touting the economic achievements made during his first term, Trump also took swipes at “radical socialists” running for office.
“We will never let radical socialists destroy our economy, wreck our country, or eradicate our liberty,” Trump also stated, according to the Wall Street Journal.