Trump boasts that stock markets have gained $6 trillion since his election!


US PRESIDENT Donald Trump on Monday outlined his new national security strategy. He stressed: ‘When the American people speak, all of us should listen… On November 8, 2016, you voted to make America great again. You embraced new leadership and very new strategies, and also a glorious new hope. That is why we are here today.’

However ‘to seize the opportunities of the future, we must first understand the failures of the past… Our leaders in Washington negotiated disastrous trade deals that brought massive profits to many foreign nations, but sent thousands of American factories, and millions of American jobs, to those other countries.

‘Our leaders engaged in nation-building abroad, while they failed to build up and replenish our nation at home… They failed to insist that our often very wealthy allies pay their fair share for defence… They neglected a nuclear menace in North Korea; made a disastrous, weak, and incomprehensibly bad deal with Iran; and allowed terrorists such as ISIS to gain control of vast parts of territory all across the Middle East. They put American energy under lock and key. They imposed punishing regulations and crippling taxes.’

Their chief crime, however, was: ‘They lost sight of America’s destiny. And they lost their belief in American greatness… But last year, all of that began to change.’ He continued: ‘America is coming back, and America is coming back strong… We are once again investing in our defence – almost $700 billion, a record, this coming year. We are demanding extraordinary strength… We have withdrawn the United States from job-killing deals such as the Trans-Pacific Partnership and the very expensive and unfair Paris Climate Accord… To counter Iran and block its path to a nuclear weapon, I sanctioned the Islamic Revolutionary Guard Corps for its support of terrorism and I declined to certify the Iran Deal to Congress… Our efforts to strengthen the NATO Alliance set the stage for significant increases in member contributions… We have made clear that countries that are immensely wealthy should reimburse the United States for the cost of defending them.’

He continued: ‘Our campaign of maximum pressure on the North Korean regime has resulted in the toughest-ever sanctions. We have united our allies in an unprecedented effort to isolate North Korea. However, there is much more work to do. America and its allies will take all necessary steps to achieve a denuclearisation and ensure that this regime cannot threaten the world.’

Trump added: ‘At home, we are keeping our promises and liberating the American economy. We have created more than two million jobs since the election. Unemployment is at a 17-year-low. The stock market is at an all-time high and, just a little while ago, hit yet another all-time high – the 85th time since my election. We have cut 22 regulations for every one new regulation, the most in the history of our country. We have unlocked America’s vast energy resources. As the world watches – and the world is indeed watching – we are days away from passing historic tax cuts for American families and businesses. It will be the biggest tax cut and tax reform in the history of our country.

‘Today, grounded in these truths, we are presenting to the world our new National Security Strategy. Based on my direction… this strategy recognises that, whether we like it or not, we are engaged in a new era of competition. We accept that vigorous military, economic, and political contests are now playing out all around the world. We also face rival powers, Russia and China, that seek to challenge American influence, values, and wealth. We will attempt to build a great partnership with those and other countries, but in a manner that always protects our national interest.’

However, his spleen is mainly directed at the Democrats at home and the NATO powers that will not pay for their own defence, rather than Russia and China. The US plutocrat, a modern version of Napoleon III, who also presided over stock exchange booms, is open for a deal with Russia and China, while he sorts out the US workers at home smashing their unions and health care, and his NATO allies and others abroad.

However, the US stock market miracle may collapse tomorrow, bringing Trump down and creating the conditions for the US socialist revolution. Napoleon III’s stock market adventures led to war with Germany and the revolutionary Paris Commune of the French working class! Trump may well create the conditions for the US socialist revolution!