Trump backflips on NATO..Fitch backflips on Trump danger to the economy
President Donald Trump has admitted changing his campaign position on NATO, calling the alliance “no longer obsolete.” His desire for good relations with Russia was seconded by the NATO secretary-general, who said the group does not want another Cold War.
Praising the alliance as the “bulwark of international peace and security” that “defeated communism and liberated the captive nations” of Eastern Europe, Trump said he had changed his mind about NATO after it agreed to do more to fight terrorism.
“We must not be trapped by the tired thinking… but apply new solutions to face new circumstances,” the US president told reporters in Washington on Wednesday, during a joint press conference with NATO Secretary-General Jens Stoltenberg.
“We agreed today that NATO can do more in the fight against international terrorism,” said Stoltenberg, pledging “cash, capabilities and contributions” to the effort.
“Together we represent half of the world’s economic and military power. No other superpower has ever had such a strategic advantage,” added Stoltenberg, the former Norwegian prime minister who has presided over the alliance since October 2014.
In a new report, the Fitch rating agency has drastically changed its mind on the impact of US President Donald Trump’s policies on the country’s domestic growth and the world economy as a whole.
Fitch’s mostly enthusiastic report on US internal finances reaffirmed the country’s excellent AAA credit rating and raised the outlook for GDP growth.
According to the agency, the US economy will grow at 2.3 percent this year and 2.6 percent in 2018. The figure is well above the 1.6 percent average growth rate under President Obama.
The outlook changes are partially attributed to the pro-growth Trump agenda, according to Fitch.
“The new administration’s focus on deregulation and tax cuts has spurred higher business confidence and would be positive for growth if carried through. Tax cuts are unlikely to generate a lasting and substantial boost to growth, in Fitch’s view,” the agency’s analysts said in a report for clients, as quoted by CNBC.
the progression of trump from the alleged choice of the people against the state to becoming part of the state..and you should have expected this..
the backflips are rising by the day..
mother of all backflips will be the wall and paris..
note the ratings agencies get on side when he becomes one of “them”..