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Trump Says The Way President Obama Is Running The Country Is "Stupid"
moneynews.com ^

Posted on 06/17/2012 3:01:30 PM PDT by tsowellfan

The United States could soon become a large-scale Spain or Greece, teetering on the edge of financial ruin.

That’s according to Donald Trump, who painted a very ugly picture of where this country is headed under its current leadership. Trump made the comments during a recent appearance on Fox News’ “On the Record with Greta Van Susteren.”

According to Trump, the United States is no longer a rich country. “When you’re not rich, you have to go out and borrow money. We’re borrowing from the Chinese and others. We’re up to $16 trillion in debt.”

It’s clear that Trump holds President Barack Obama responsible for the ballooning debt. Trump stated that the way Obama is running the country is “stupid.”

He goes on to point out that the downgrade of U.S. debt is inevitable.

“We are going up to $16 trillion [in debt] very soon, and it’s going to be a lot higher than that before he gets finished. When you have [debt] in the $21-$22 trillion, you are talking about a downgrade no matter how you cut it.”

Ballooning debt and a credit downgrade aren’t Trump’s only worries for this country. He says that the official unemployment rate of 8.2 percent “isn’t a real number” and that the real figure is closer to 15 percent to 16 percent. He even mentioned that some believe the unemployment rate to be as high as 21 percent.

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TOPICS: Business/Economy
KEYWORDS: economy; elections; obama; trump
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To: tsowellfan

Tolkien Says The Way President Obama Is Running The Country Is “Evil.”


21 posted on 06/18/2012 1:33:48 AM PDT by Tolkien (Grace is the Essence of the Gospel; Gratitude is the Essence of Ethics.)
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