The Trump economy is rolling
Red State:
This Is Huge: Trump Has Brought in $7 Trillion in Investment Into the US
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President Donald Trump said he has attracted over $7 trillion in private investment since being elected, from companies like Apple, Eli Lilly, and Stargate, as well as countries such as Saudi Arabia, the United Arab Emirates and Japan.
Trump spoke to reporters on Wednesday after he signed a round of executive orders, when he was asked about procuring a record amount of private sector investments totaling $7 trillion.
"We have, I would say, more than $7 trillion now…of investments coming in," Trump said. "Apple is coming in for $500 billion alone. We have other companies coming in with massive numbers. We have car companies that are coming in. No, we’ve never seen anything like it, maybe in the 1940s or 50s or something, but we’ve never seen anything like it."
This isn't just the president talking. The White House released the data.
A senior White House official provided Fox News with a breakdown of the investments, noting that many of the entities have committed "even more" than what was provided.
For instance, Stargate, a project by Softbank, OpenAI and Oracle that involves the establishment of data centers for the further development of artificial intelligence, has committed $500 billion.
Apple also committed $500 billion, according to the data from the White House official.
Computing and electronics giant Taiwan Semiconductor Manufacturing Co. (TSMC) has committed to a $100 billion investment in the U.S., and NVIDIA is in for $200 billion.
Note that a lot of the companies involved are from other countries, or do much of their production in other countries. Now, of course, all of this is contingent on the companies following through - actually breaking ground and building new facilities, for instance. But if half of them follow through, that's still $3.5 trillion. That's $3.5 trillion invested in on-shore production that will create jobs, generate tax revenue, revive struggling communities, and maybe, just maybe, start the resurrection of America's dwindling middle class.
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I doubt any presdient has been this successful at increasing the US economy. We know that Biden certainly was not. What Biden did was increase US spending and create large-scale inflation in his first year in office. This shows that many of these investors and countries view the US as where the action is under Trump.
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