President Trump: Europe is not heading in the right direction

Summary

President Donald Trump spoke at the World Economic Forum in Davos, claiming the U.S. economy is booming after one year of his policies with inflation defeated, strong growth, record stock market highs, and massive investment commitments. He contrasted this with Europe, saying it is not heading in the right direction due to government spending, migration, foreign imports, offshored industry, and green energy policies. The remarks were broadly bullish on the U.S. and negative/avoid on Europe.

• Trump marked one year since inauguration and claimed the U.S. is experiencing the fastest economic turnaround in history.
• He said core inflation is 1.6%, fourth-quarter growth is projected at 5.4%, and the U.S. secured $18 trillion to $20 trillion in investment commitments.
• He cited 52 all-time stock market highs and $9 trillion in added value since the election.
• He criticized Europe as not heading in the right direction and said parts are unrecognizable in a negative way.
• He blamed Europe's/Western decline on government spending, mass migration, foreign imports, offshoring heavy industry, and the 'Green New Scam.'
• He argued America is the global economic engine and that when America booms, the world booms.
• The transcript ends mid-speech after he says experts' recession and inflation predictions have been proven wrong.