Deep Read: A Special Form of State Capitalism - How Trumpism is Economically Stumbling
Interventionism, protectionism, over-indebtedness - the state-capitalist approach of the US President is reaching its limits. Donald Trump's party is facing defeat in the midterm elections.
The former President Donald Trump is thriving in his element, loathsome of the left wing on stage, casually passing the microphone from one side to the other. He puffs up, grins and cracks jokes. Beside him sit Finance Minister Scott Bessent, Health Minister Robert F. Kennedy Jr., and Florida Governor Ron DeSantis, nodding in agreement and casting devoted glances at the President.
"I have led America out of the dark cave of Joe Biden," Trump calls out to the hall. America now experiences "a golden age," he boasts. "Under 'Sleepy Joe,' the nation has received the highest inflation rates, the highest energy prices, and the greatest trade deficit in American history. Should the Democrats win the elections, all this will happen again," warns Trump.
Such statements withstand scrutiny, it is no great surprise. Trump often lacks precision with figures. However, the Democrats would agree that it is the economy that matters. Few days remain until the midterm elections, and Trump is under pressure. Polls indicate a Democratic victory in the House of Representatives, perhaps even in the Senate. At this appearance in Fort Myers, Florida, Trump gives it his all.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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