Billionaire developer Donald J. Trump, the presumptive Republican nominee for President of the United States, told Breitbart News in an exclusive interview on Wednesday that the anemic economic growth — just 38,000 new jobs in the month of May is a “shocking development.”
Trump says that under the economic policies of President Barack Obama and former Secretary of State Hillary Clinton, things are “only going to get worse” because the “incentive” to do well in America has been destroyed by the institutional left.
Trump said of the jobs numbers:
It’s a shocking development. It’s a shocking development, and it’s only going to get worse because so many companies are leaving our country because of taxes, because of regulations, because of so many other reasons and restrictions. There’s so many companies leaving the country and it’s literally a shocking number when you see that. If that were in China, if that were in some of these countries where they’d get down to 7 percent GDP, they’d raise the alarm systems. When I heard 38,000—it’s the lowest in seven years—when I heard that number I was absolutely shocked. Shocked in one sense, but not that surprised in another sense—because there’s no reason for us to be doing well. There’s so little incentive in the country—the incentives have been taken away. There’s so little incentive in the country. Obama has done a terrible job with the economy. The number of course—to show you how phony the number is, of course we have the lowest job number in 7 years with the 38,000, and the unemployment rate went down from 5 to 4.7 percent or whatever number it was.
Trump added that the unemployment rate’s fall from five percent down to 4.7 percent is a “phony” tumble, because people are not working anymore—and have given up trying to work in the Obama-Clinton economy.
“They’re phony numbers,” Trump said. “People have given up looking for work, and they’re taken off the unemployment rolls.”
He added that record high levels of Americans outside the workforce—now nearly 100 million who could be working—means the signs for the future are grim.
“Almost 100 million people are out of the workforce,” Trump said. “And those people are considered ‘employed.’”
Trump said that under his administration, things will be different because he will create an environment conducive to economic growth and job creation. Trump said:
Number one, we’re lowering taxes. Very important, for the middle income, for everybody. We’re lowering taxes for everybody but big league for business so that business can thrive. That’s going to have a tremendous effect. But we’re lowering taxes. Number two, and very importantly, we’re going to make it very difficult for companies to leave our country—where they fire people and leave our country—and number three we’re not going to allow countries to devalue their currencies like they do without a penalty. So if China or other countries, like they do, devalue their currencies, they’re going to have to pay a very big penalty. In a way it’s a form of cheating.
More from Trump’s latest exclusive interview with Breitbart News after he and Clinton became the official presumptive nominees of their parties is forthcoming.