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President Donald Trump took his economic message global at the World Economic Forum in Davos, Switzerland — praising U.S. economic performance while facing skepticism from polls at home showing concerns about rising prices and economic hardship. Speaking to reporters and world leaders, Trump touted U.S. growth and said “people are doing very well,” with more economy-focused domestic events planned. He also sharply criticized Europe’s economic and social direction, saying the continent is “not heading in the right direction,” even as he prepares to push his agenda abroad.

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00:00This afternoon I want to discuss how we have achieved this economic miracle, how we intend to
00:05raise living standards for our citizens to levels never seen before, and perhaps how you too and
00:11the places where you come from can do much better by following what we're doing because
00:17certain places in Europe are not even recognizable, frankly, anymore. They're not recognizable.
00:24And we can argue about it, but there's no argument. Friends come back from different
00:29places. I don't want to insult anybody and say I don't recognize it. And that's not in a positive
00:36way. That's in a very negative way. And I love Europe and I want to see Europe go good,
00:41but it's not heading in the right direction. In recent decades, it became conventional wisdom
00:48in Washington and European capitals that the only way to grow a modern Western economy was through
00:54ever-increasing government spending, unchecked mass migration and endless foreign imports.
01:01The consensus was that so-called dirty jobs and heavy industries should be sent elsewhere,
01:06that affordable energy should be replaced by the Green News scam, and that countries could be propped
01:13up by importing new and entirely different populations from faraway lands. This was the path
01:21that sleepy Joe Biden administration and many other Western governments, very foolishly followed,
01:28turning their backs on everything that makes nations rich and powerful and strong.
01:33And there's so much potential in so many nations. The result was record budget and trade deficits and a
01:41growing sovereign deficit driven by the largest wave of mass migration in human history.
01:47We've never seen anything like it. Quite frankly, many parts of our world are being destroyed before
01:53our very eyes and the leaders don't even understand what's happening. And the ones that do understand
01:59aren't doing anything about it. Virtually all of the so-called experts predicted my plans to end this
02:05failed model would trigger a global recession and runaway inflation. But we have proven them wrong.
02:13It's actually just the opposite. In one year, our agenda has produced a transformation like America has not seen in
02:20over 100 years. Instead of closing down energy plants, we're opening them up. Instead of building ineffective money,
02:29losing windmills, we're taking them down and not approving any. Instead of empowering bureaucrats, we're firing them.
02:38And they're going out and getting jobs in the private sector for two and three times what they were
02:46making in government. So they started off hating me when we fired them. And now they love me.
02:53Instead of raising taxes on domestic producers, we're lowering them and raising tariffs on foreign nations to
03:00pay for the damage that they've caused.
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