The Phaserl


On the Economy, Donald Trump Sounds Like Nancy Pelosi

by Paul Brandus, Market Watch:

“Power is like being a lady,” noted the late British Prime Minister Margaret Thatcher. “If you have to tell people you are, you aren’t.” Sort of like Donald Trump telling anyone who’ll listen that he’s the smartest, the most accomplished and best-looking man running for president.

But just because you say it doesn’t make it so.

Here’s an example. In the debate, Trump said “We don’t win anymore…we don’t do anything right.” And yet, if we’re losing and can’t beat anybody, as he claims, then why is the rest of the world so confident about the U.S. and eager to come here and do business? Don’t take it from me: just read the AT Kearney survey of global business executives, which says—for the third year in a row—that the United States has the world’s best macroeconomic outlook— better than anywhere else, including China and Mexico, two countries he claims are eating our lunch.

Another study shows those executives putting their money where their mouth is. International firms poured $236 billon into the United States in 2013, a 35% increase from the year before—more than any country in the world. More than China, more than Mexico.

What’s attracting this gusher of capital? The report by the Organization for International Investment notes America’s strengths: a world-class system of higher education, a skilled and productive workforce, an entrepreneurial culture of innovation and risk taking, a transparent regulatory environment; and, the largest venture capital and private equity market in the world.

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