President Donald Trump boasted about the restoration of the American economy on Monday and warned voters away from socialism.
“They can talk all they want about socialism, all socialism is a method into the poor house,” Trump said.
But Trump acknowledged that it might be difficult to fight off socialists in the next election.
“Socialism is not so easy to beat when an economy is doing well, like ours,” he said.
The president spoke about the economy and the historic tax cuts at a roundtable meeting in Minnesota.
Trump said the economy was probably doing the best ever, citing the growth of blue-collar jobs, low unemployment, and rising stock market prices and 401K plans.
“These things don’t happen by accident and it can all go away very quickly, you put the wrong people in office,” he said. “Everything great that we have done can be undone and bad, bad, bad, things can happen.”
Several business leaders at the event thanked the president for the tax cuts, noting that it helped sustain economic growth in places like Minnesota and around the country.