Currently, President Trump is getting lots of backlash for his economic decisions from some economists and analysts because they think Trump’s policies are making US economy weaker, but US treasury secretary doesn’t believe in that way. While giving an interview to a news channel, Steven Mnuchin asked about current US economy’s situation, and in response, he said that Trump’s economic policies are working and a country is doing more than just fine. He noted that some politicians and lawmakers who are trying to implement socialism theory would take down US economy and that’s why he supports Trump and his economic decisions which are making the US a stronger nation under his presidency. Donald Trump’s second state of the union address to Congress was mostly focused on how the country needs some economic reforms to get back on track. Mnuchin thinks the US needs to get on that track which will strengthen a country’s economy and he thinks socialism will never work.
While addressing Congress trump said that he is not impressed with lawmakers who are trying to impose leftist philosophy of socialism which will never work. According to him, America was created from liberty and independence due to which this nation has become one of the largest in a world. Also to become economically strong country will have to adopt a free market and capitalism, not socialism. There are some Democrats who from last few days are trying to raise an issue of income inequality among US citizens which is quite severe, but some of them want to charge a higher amount of taxes on wealthy people to solve that income inequality problem. Under Trump’s presidency so far US labor market has been stable because unemployment in country has stayed at its lowest point which is kind of achievement for Trump and his administration.