Trump: 'We're doing numbers that no one else has ever done'

TPO - President Donald Trump has repeatedly asserted that the United States is witnessing a historic wave of investment, with financial commitments expected to reach $21 trillion by the end of this year from governments and businesses hoping to win his support.

If the figure is accurate, the US would be facing a capital outlay equivalent to nearly 70% of the country’s annual GDP. Even spread over four years, Mr Trump’s announcement would still be the largest capital spending boom in postwar US history, surpassing both the New Deal of the 1930s and the 19th-century railroad boom.

“We’re doing numbers that nobody else has ever done,” Trump told Saudi Crown Prince Mohammed bin Salman at the White House last week. But the numbers released by the White House do not entirely match Trump’s claims.

President Trump affirmed that the United States is witnessing a historic wave of investment worth 21,000 billion USD.

The Trump Effect website, which lists investment projects believed to stem from Trump's influence, has recorded only $9.6 trillion in domestic and foreign investment since January when President Trump took office.

An analysis by Bloomberg Economics has reviewed all of the figures. The results show that actual investment commitments are significantly lower than the $21 trillion figure announced by the US President. This raises questions about the true scale, feasibility, and long-term impact on the US economy of the investment “wave” for which Mr. Trump claims credit.

Experts say that announcing investment commitments is one thing, but actually seeing capital flowing into the economy is a completely different story. Many agreements are just declarations, without binding commitments or specific implementation roadmaps.

According to Bloomberg , some of the investments listed by the White House may be purely diplomatic in nature, or may be expenditures that were planned before Mr. Trump took office.

As the US looks to attract capital to fuel growth, the biggest question now is not whether there will be a “historic investment boom,” but whether these promises have the foundation to become reality?

Source: https://tienphong.vn/ong-trump-chung-toi-dang-tao-ra-nhung-con-so-chua-ai-dat-duoc-post1799490.tpo