Answer:
Presidential reputations rise or fall with gross domestic product. The state of the economy can determine if presidents are re-elected, and it shapes historical memory of their success or failure.
In the news media, we often use the handover of power as the time for assessing the economic record of the departing president. (I’ve done it myself recently.) Some economists have predicted that the Trump administration could create the next recession or financial crisis. And scholars have studied the relative economic conditions generated by Republicans and Democrats for predictive meaning (Democrats have done better since World War II, they found).
But the reality is that presidents have far less control over the economy than you might imagine. Presidential economic records are highly dependent on the luck of where the nation is in the economic cycle. And the White House has no control over the demographic and technological forces that influence the economy
This is a persuasion. Where he says "To attract new businesses to our shores, we need the fastest, most reliable ways to move people, goods, and information—from high-speed rail to high-speed Internet." he is stating the problem. Also where he says "I'm proposing that we redouble those efforts." he is prompting a solution to the problem. Overall he is stating the problem , giving the process and asking for you to help with the solution.
The predicate would be Laugh
