President Trump's numbers are increasingly absurd when it comes to foreign investments in the US.
The Republican has been touting "unbelievable" figures, claiming that over $17 trillion in foreign investment was secured in just eight months. He even raised the bar, stating that by the end of his first year in office, he would reach $20 or $21 trillion. However, these numbers are not only fantastical but also lack any concrete evidence.
In a dizzying display of revisionism, Trump's initial claim of $17 trillion was quickly followed by new estimates of "very close to" $18 trillion and then "over" $18 trillion. This was soon after revised again to "over $19 trillion," only to be bumped up once more to "could be $20 trillion" before finally settling on a round number of "$21 trillion."
What's even more astonishing is that these numbers appear to have no basis in reality. In fact, according to CNN, Trump's own White House website values the total at just $8.8 trillion – a paltry sum compared to his outlandish boasts.
Experts also warn that a significant portion of this figure comes from informal pledges made by foreign countries to invest in the US, which may be nothing more than empty promises.
In short, Trump's figures are not only laughable but also set unrealistic expectations for his economic policies. It remains to be seen whether he can actually deliver on these boasts or if they were just a publicity stunt designed to wow his audience.
The Republican has been touting "unbelievable" figures, claiming that over $17 trillion in foreign investment was secured in just eight months. He even raised the bar, stating that by the end of his first year in office, he would reach $20 or $21 trillion. However, these numbers are not only fantastical but also lack any concrete evidence.
In a dizzying display of revisionism, Trump's initial claim of $17 trillion was quickly followed by new estimates of "very close to" $18 trillion and then "over" $18 trillion. This was soon after revised again to "over $19 trillion," only to be bumped up once more to "could be $20 trillion" before finally settling on a round number of "$21 trillion."
What's even more astonishing is that these numbers appear to have no basis in reality. In fact, according to CNN, Trump's own White House website values the total at just $8.8 trillion – a paltry sum compared to his outlandish boasts.
Experts also warn that a significant portion of this figure comes from informal pledges made by foreign countries to invest in the US, which may be nothing more than empty promises.
In short, Trump's figures are not only laughable but also set unrealistic expectations for his economic policies. It remains to be seen whether he can actually deliver on these boasts or if they were just a publicity stunt designed to wow his audience.