President Trump told the World Economic Forum that America's economy is "roaring back" and called on the gathered business leaders to invest in America's growth.
"America is roaring back and now is the time to invest a future of America," Trump said. [Video] "We have dramatically cut taxes to make America competitive. We are eliminating burdensome regulations at a record pace. We are reforming the bureaucracy to make it lean."
"Over the past year, we have made extraordinary strides in the U.S," he said. "Where lifting up forgotten communities creating exciting new opportunities and helping every American find their path to the American dream. The dream of a great job a safe home and a better life for their children. After years of stagnation, the United States is once again experiencing strong economic growth."
His speech began by highlighting record low Hispanic and black unemployment rates.
"Since my election we've created 2.4 million jobs and that number is going up very, very substantially," he said. [Video] "Small business optimism is at an all-time high. New unemployment claims are near the lowest we've seen in almost half a century. African-American unemployment reached the lowest rate ever recorded in the United States and so has unemployment among Hispanic-Americans."
Trump repeatedly said America is ripe for new investment.
"The world is witnessing the resurgence of a strong and prosperous America," Trump said. "I'm here to deliver a simple message. There has never been a better time to hire, to build, to invest and to grow in the united States. America is open for business and we are competitive once again. The American economy is by far the largest in the world and we've just enacted the most significant tax cuts and reform in American history. We've massively cut taxes for the middle class, and small businesses to let working families keep more of their hard earned money."
The president's remarks largely focused on his push for deregulating America's economy.
“Now is the perfect time to bring your business, your jobs and your investments to the United States," he told the forum. [Video] "This is especially true because we have undertaken the most extensive regulatory reduction ever conceived. Regulation is stealth taxation. The U.S., like many other countries, unelected bureaucrats, I think we have — believe me, we have them all over the place, and they’ve imposed crushing and anti-business and anti-worker regulations on our citizens, with no vote, no legislative debate and no real accountability. In America those days are over."
"I pledged to eliminate two unnecessary regulations for every one new regulation," he continued. "We have succeeded beyond our highest expectations. Instead of two for one, we have cut 22 burdensome regulation for every one new rule. We are freeing our businesses and workers so they can thrive and flourish as never before. We are creating an environment that attracts capital, invites investment and rewards production. America is the place to do business, so come to America where you can innovate, create, and build. I believe in America.”
[Read the complete transcript]
HIGHLIGHTS:
— Trump: ‘We’re Asking Our Friends and Allies to Invest in Their Own Defenses’
— Trump on Trade: ‘I Will Always Protect the Interests of Our Country, Our Companies, and Our Workers’
— Trump: ‘When It Comes to Terrorism, We Will Do Whatever Is Necessary to Protect Our Nation’
— Trump: I Didn't Realize 'How Nasty, Mean, Vicious and How Fake The Press Is' Until I Became Pres.
RELATED:
— CNN’s Acosta Calls Davos Head ‘Pitiful’ for Acknowledging Media Bias Against Trump
— CNN’s Cillizza: Trump’s ‘Speech Was Boring,’ ‘Very, Very Traditional’
— Donny Deutsch Pans Trump’s Speech: I Have Never Seen a Lower Energy Level from Him
— Wes Moore Pans Trump’s Davos Speech: People Wanted to Hear Empathy from Him
— Haass: Trump’s Davos Speech Won’t Have Significant Staying Power