Trump touts ‘most successful’ presidency, promises US$5,000 to citizens in speech

The US president spoke for nearly two hours at the launch of the Republican Party’s unusual midterm convention in Texas

“This has been the most successful two years financially and every other way in the history of the presidency,” he said, as the crowd chanted “USA! USA!”

“So it’s $5,000 to every adult,” he said. “The only caveat I have is that the dividend that we’re making must be spent in the United States of America.”

Unlike quadrennial conventions that formally nominate presidential candidates, the two-day gathering – dubbed a “Trump-a-palooza” by Republicans – has no nominating business. Instead, it is focused on showcasing Trump’s second term record and promoting candidates.

Trump’s speech, at 8pm local time, focused largely on domestic issues but he also spent considerable time discussing tariffs and the trade war, the Iran war and his immigration policies.