Terry Moran of ABC News offers an interesting take on the president’s trip to the Davos economic summit.

It’s not Comey. Or Mueller. Or the Russians. Or Stormy Daniels.

It’s the economy, stupid.

And right now, the Trump economy is blasting off.

Davos Man likes.

In conversations with business and political leaders gathered at the World Economic Forum in Davos, Switzerland, there is almost zero mention of the controversies which consume coverage of Trump in America.

Instead, people talk about the real possibility now that growth in the U.S. economy could hit 4 percent this year — a positively Clintonian benchmark. The impact worldwide would be tremendous. …

… And there are analysts who say the world’s economies are simply being boosted by all the easy money central banks pumped into them for years — and that’s a bubble that will burst.

But business types here disagree. And they give a lot of credit to Trump for the renewed strength and vigor they sense in the sinews of the global economy.

Deregulation is the first thing they mention. The cost of doing business has come down fast. That means margins will go up. That’s why so many investors see American companies as such good bets.

And that’s all Trump.

The tax cut is also—no surprise—hugely popular here. It seems the old US corporate tax structure was operating as a kind of logjam in the world economy, freezing up the flow of money and distorting investment decisions.

The dam broke. Trump broke it.