Trump: ‘The State of Our Union Is Stronger Than Ever’
By Melanie Arter | February 5, 2020 | 12:56am EST
(Photo by MANDEL NGAN/AFP via Getty Images)
(CNSNews.com) - President Donald Trump opened his State of the Union address on Tuesday by celebrating how the U.S. economy has rebounded during his administration.
“Three years ago we launched the great American comeback. Tonight I stand before you to share the incredible results. Jobs are booming. Incomes are soaring. Poverty is plummeting. Crime is falling. Confidence is surging, and our country is thriving and highly respected again,” he said.
“Three years ago we launched the great American comeback. Tonight I stand before you to share the incredible results. Jobs are booming. Incomes are soaring. Poverty is plummeting. Crime is falling. Confidence is surging, and our country is thriving and highly respected again,” he said.
“America's enemies are on the run. America's fortunes are on the rise, and America's future is blazing bright. The years of economic decay are over. The days of our country being used, taken advantage of, and even scorned by other nations are long behind us,” the president said.
“Gone too are the broken promises, jobless recoveries, tired platitudes and constant excuses for the depletion of American wealth, power, and prestige. In just three short years, we have shattered the mentality of American decline, and we have rejected the downsizing of Americans' destiny,” he said.
“We have totally rejected the downsizing. We are moving forward at a pace that was unimaginable just a short time ago, and we are never ever going back. I am thrilled to report to you tonight that our economy is the best it has ever been. Our military is completely rebuilt with its power being unmatched anywhere in the world, and it's not even close,” Trump said.
“Our borders are secure. Our families are flourishing. Our values are renewed. Our pride is restored, and for all of these reasons I say to the people of our great country and to the members of Congress, the state of our union is stronger than ever before,” the president said.
“Gone too are the broken promises, jobless recoveries, tired platitudes and constant excuses for the depletion of American wealth, power, and prestige. In just three short years, we have shattered the mentality of American decline, and we have rejected the downsizing of Americans' destiny,” he said.
“We have totally rejected the downsizing. We are moving forward at a pace that was unimaginable just a short time ago, and we are never ever going back. I am thrilled to report to you tonight that our economy is the best it has ever been. Our military is completely rebuilt with its power being unmatched anywhere in the world, and it's not even close,” Trump said.
“Our borders are secure. Our families are flourishing. Our values are renewed. Our pride is restored, and for all of these reasons I say to the people of our great country and to the members of Congress, the state of our union is stronger than ever before,” the president said.
“The remarkable thing is how weak wages are, how weak the economy is, given that as a result of the tax bill we have a $1 trillion deficit.”
Trump Economic Approval Rating Hits New High
1:05
Sixty-three percent of Americans approve of the way Trump is handling the economy, according to poll results released Tuesday from Gallup.
That is the highest economic approval rating of Trump’s presidency and the highest rating of any president since George W. Bush’s post-9/11 scores, Gallup said.
Public approval of Trump’s handling of the economy has been growing since last summer, when it briefly dipped amid fears of a looming recession.
When Trump took office, only 48 percent of Americans said they approved of the president’s handling of the economy. It’s likely that the president’s successes in reaching a trade deal with China, creating a new trade agreement with Mexico and Canada, and achieving ultralow unemployment while enjoying extremely low inflation has bolstered the popularity of the president on economics.
The rising poll numbers indicate that Democratic presidential hopefuls have largely failed in trying to paint Trump’s economic policies as only benefitting the wealthy.
Donald Trump is ‘just wrong’ about the economy, says Nobel Prize-winner Joseph Stiglitz
“The remarkable thing is how weak wages are, how weak the economy is, given that as a result of the tax bill we have a $1 trillion deficit.”
Donald Trump is ‘just wrong’ about the economy, says Nobel Prize-winner Joseph Stiglitz
President Donald Trump told business and political leaders in Davos, Switzerland last week that the economy under his tenure has lifted up working- and middle-class Americans. In a newly released interview, Nobel Prize-winning economist Joseph Stiglitz sharply disagreed, saying Trump’s characterization is “just wrong.”
“The Washington Post has kept a tab of how many lies and misrepresentations he does a day,” Stiglitz said of Trump last Friday at the annual World Economic Forum. “I think he outdid himself.”
In Davos last Tuesday, Trump said he has presided over a “blue-collar boom,” citing a historically low unemployment rate and surging wage growth among workers at the bottom of the pay scale.
“The American Dream is back — bigger, better, and stronger than ever before,” Trump said. “No one is benefitting more than America’s middle class.”
Stiglitz, a professor at Columbia University who won the Nobel Prize in 2001, refuted the claim, saying the failure of Trump’s economic policies is evident in the decline in average life expectancy among Americans over each of the past three years.
“A lot of it is what they call deaths of despair,” he says. “Suicide, drug overdose, alcoholism — it’s not a pretty picture.”
The uptick in wage growth is a result of the economic cycle, not Trump’s policies, Stiglitz said.
“At this point in an economic recovery, it’s been 10 years since the great recession, labor markets get tight, unemployment gets lower, and that at last starts having wages go up,” Stiglitz says.
“The remarkable thing is how weak wages are, how weak the economy is, given that as a result of the tax bill we have a $1 trillion deficit.”
As the presidential race inches closer to the general election in November, Trump’s record on economic growth — and whether it has resulted in broad-based gains — is likely to draw increased attention.
BLOG: THE GREATEST TRANSFER OF WEALTH TO THE RICH OCCURRED DURING THE OBAMA-BIDEN BANKSTER REGIME
“The middle class is getting killed; the middle class is getting crushed," former Vice President Joe Biden said in a Democratic presidential debate last month. "Where I live, folks aren't measuring the economy by how the Dow Jones is doing, they're measuring the economy by how they're doing," added Pete Buttigieg, a Democratic presidential candidate and former Mayor of South Bend, Indiana.
Trump has criticized Democrats for tax and regulatory policies that he says will make the U.S. less competitive in attracting business investment.
“To every business looking for a place where they are free to invest, build, thrive, innovate, and succeed, there is no better place on Earth than the United States,” he said in Davos.
Stiglitz pointed to Trump’s threats last week of tariffs on European cars to demonstrate that turmoil in U.S. trade relationships may continue, despite the recent completion of U.S. trade deals in North America and China.
“He can’t help but bully somebody,” Stiglitz said.
Max Zahn is a reporter for Yahoo Finance. Find hi
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