Donald Trump, in Miami, brags about economy despite election-night rebuke

US President Donald Trump took a victory lap on the economy on the oneyear anniversary of his successful election boasting of cheaper prices and saying the US is the envy of the globe even while the Republican Party faced a rebuke from voters anxious about their own finances in Tuesdays offyear electionsTrump speaking on Wednesday at the America Business Forum said he thinks that communication was the problem insisting that we have the greatest economy right now and that a lot of people dont see thatThese are the things you have to talk about Trump told a packed arena at Miamis Kaseya Centre that included top business executives global athletes and political leaders If people dont talk about them you can do not so well in electionsIt marked a significant effort from Trump to put a positive spin on the economy at a time when Americans remain uneasy about the cost of living and their own financial security and when major campaigns in Tuesdays elections from New York to Virginia were centred on affordability and the economyTrumps comments echoed sentiments from his predecessor Joe Biden whose White House insisted that the Democrats political standing would improve if they better communicated his economic accomplishmentsThese are the things you have to talk aboutTrumps speech often deviated from the topic at hand and included a call for South Africa to leave the Group of 20 But he made sure to underscore what he saw as his economic successesOn digital assets Trump said that crypto was under siege its not under siege anymore He pointed to declines in egg and gas prices and the interest rate despite the nincompoop at the Federal Reserve a reference to Fed chairman Jerome PowellTrump referred to his pledge to dissolve 10 existing regulations for every new one he issues and said so far for nine months were exceeding thatDespite Trumps promises to tame inflation and unleash growth the AP Voter Poll survey which included more than 17000 voters in New Jersey Virginia California and New York City suggested the public was troubled by higher prices and fewer job opportunitiesRepublicans handily lost key races in Virginia and New Jersey and the president acknowledged on Wednesday that the ongoing government shutdown with effects rippling through the economy was negative for the RepublicansHe also touched on how his trips abroad are benefiting the US Trump spent five days in Asia last week with stops in Malaysia Japan and South Korea He worked to ease trade tensions with Beijing in a meeting with Chinese leader Xi Jinping In Tokyo he promoted several major energy and tech projects for the US that will be funded by JapanEvent sponsored by Saudi Arabias sovereign wealth fundMiamis Republican Mayor Francis Suarez said he thinks Trumps recent travels have been transformational in his presidency and cast his speech as a highlight of the forum which organisers have described as a more accessible version of the World Economic Forum in Davos Switzerland or the Milken Institute Global Conference which gathers the worlds elite for discussions on the economyPolitical leaders business executives and athletes including tennis legend Serena Williams and soccer star Lionel Messi are among the speakers at the forum inside Kaseya Centre the home of the NBAs Miami Heat that had been transformed with an elaborate futuristic stage where speakers are introduced with a light display and machines shooting smoke into the airIts primarily sponsored by Saudi Arabias sovereign wealth fund known as the Public Investment Fund which is a key pillar of Crown Prince Mohammed bin Salmans plans to pursue megaprojects and investments abroad This conference not only is creating this incredible collection of people but its also creating them in a particular moment in time Suarez said in an interviewEarlier Wednesday the conference hosted Maria Corina Machado the Venezuelan opposition leader and winner of this years Nobel Peace Prize who praised the US presidents posture toward Venezuela in her remarks Regarding the strategy of President Trump toward this criminal narcoterrorist structure its absolutely correct because Nicolaacutes Maduro is not a legitimate head of state Machado who appeared at the forum remotely saidTrumps visit also highlights how the Miami area is playing a key role during his second term Trump is set to host leaders of the worlds leading rich and developing economies in next years Group of 20 summit at his golf club at the nearby city of Doral despite what critics say is the appearance of improprietyMiami is also one of the US host cities for next years World Cup which Trump has eagerly promoted as the kickoff to several major global sporting events for which the US is playing host Ensuring the success of the World Cup has been a top priority for the Trump administration FIFA President Gianni Infantino with whom Trump has developed a close friendship was scheduled to speak at the Miami forum later WednesdayThis story has been 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