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Donald Trump sounds off on the Christmas shopping season and how to get the U.S. economy back on track
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-- may be hard to come by for many people this holiday season and 9% unemployment rate still grips the nation.
And the national debt recently hit fifteen trillion dollars so how do we get here.
We're going straight to dump -- for the answer.
Right now typically Christmas holiday season is good time for business if people.
Out to buy things and then -- up the economy -- holiday season.
Well it's very sad when we have almost record unemployment and if you look at the real numbers probably 21% not nine point 1% so.
It's -- sad time for a lot of people there's no question.
So handicap what are the businesses do when they shopkeepers who beat you see something -- an obvious stars but doesn't -- the volume.
Well I think.
They'll be certain volumes but there -- some people it's tragic what's happened -- what's happened -- jobs what's happened to the factories with these to work and they've worked all their lives and -- closed up in those people and those companies and move them to other countries.
So it's a really tragic situation for this country and it's a very sad time for a lot of people.
You know I still up -- up people like specially -- Camera stores people going and they look at cameras that time not assume that they like and they dominate but on the Internet where it's cheaper.
Well and you know what those cameras -- -- you guess what that I made in the United States and that's what I think about -- and I agree with the Internet.
And I know that affects tourism effects -- very badly but I also look at where the cameras and made two cameras and -- made in this country.
And it in Japan.
And then made all over the place in -- everywhere but here I mean you -- find.
Find a couple of places and -- cameras of this country it's not so easy to do it codec.
Look at Kodak are great great company Kodak I'm not saying bad decisions weren't made into a laid on the diamond you know they relate to -- -- Digital and lots of other things but.
Codec is going bust who would have us you would you ever thought that was possible.
Congress and it did this or sneak up fast because you talk about comment Kodak wasn't a bad business decision that they stuck with don't know -- -- -- it bad to see what we didn't but it did did answer a sneak up on us who are looking the other way at all these add jobs these different.
Products are manufactured overseas.
I think it was just a period of time and everybody talks about free you know free trade and sounds so good.
But it's still the trade for this country you look at what's happening as an example.
-- Japan and people starting to feel sorry for Japan but they've done very well with us they sell -- -- over here by the millions.
How many Chevrolet as you think you see in Japan -- -- Chevrolet -- you think he's seen driving down the boulevard to Tokyo.
I don't think you have.
Too many if any.
Okay and you look at the television sets coming out of south -- business with -- -- except correspond.
But they have so out negotiated our country.
-- GI by thousands of television sets the hotels and things thousands of what literally thousands last year.
Evidence from South Korea and other places not from this country.
At some point don't we have to make our -- -- we have great people in this country we have factories I've seen some factors currently.
That makes some incredible things very complex weaponry etc.
-- -- we can do it.
But would not given the chance and we we let these companies in these countries from other countries.
Just come and just take our jobs and make our products and it's very -- and when you mention Christmas and you mentioned you know presence -- buying.
How can we how can we create jobs in this country -- we have jobs in this country when our products are being made.
Overseas it's it's a terrible thing.
Well I think -- to a service.
Options we like let's say not by tons that I have -- -- -- made unionized I don't know of anything but let me say that you buy thousands of them but I mean it as a business person if you buy thousands of the men and you can buy them overseas for 300 dollars.
It -- -- pay for intelligence said comparable here for 400 not -- mean.
Basically have your mind to buy them here.
Except you know we do so many things like if you look at cool ways to children and it's it's -- there's so much manipulation.
I'm not saying stupidly from the standpoint of other countries.
But we don't do it.
They do it simply don't have to do it we should fight to gain we have to fight the game or.
Very what he's doing it you know -- handle that situation it's called you tax the products coming in.
From companies manipulate or companies that give us unfair trade.
That's that's a trade war.
Who cares.
Greta it's like this terrible thing -- such a -- what.
Who cares what -- -- 350 billion dollars this year with China OK trade you quarter trade imbalance.
So we have a trade imbalance -- 350 billion so this stupid person interviewing me recently said oh that's going to be a trade war with China.
I'd be the best thing that ever happened because -- we don't do business with a -- lose the 350 billion dollars.
I pick up the Wall -- -- as a returns to holidays the thing that strikes is if there lot of companies that typically and they they hire a lot of people part time people for the holiday season.
-- some companies are just literally cutting in half the workforce it would mean this is devastating effect many analysts expect at least to get -- how they've work.
Greta when India is doing all sorts of you know with outsourcing to India.
When we're doing so much business out of this country it sounded so good when they came up with and -- I think criticism when I mentioned.
-- that coming into -- -- -- your wish list your holiday wish list for the five.
Top pro business legislation what do you want.
Well I'd say there -- many -- I'd like to -- tax.
China and various other countries that have taken advantage of us I would like to do -- serious number OPEC we could do tremendous things OPEC to.
You know they would be there except for us.
-- streets are paved cynical you look at some of these countries are streets have potholes all -- they have streets paved in gold and they wouldn't be there except for us.
I I seriously I mean there are many things you can think.
I seriously think we have to immediately immediately open up.
Our natural racists.
You look at.
That Abu Dhabi they just announced that they're going in terms of transportation they're going to a very very strong system of natural gas for their own transportation.
Because they can sell this stupid Americans as they call them the stupid Americans can buy out gas or oil.
And our art our other product because they're using natural gas and they can do so well by selling.
There -- other products to us so why are we doing because with the Saudi Arabia they -- -- the Saudi Arabia of natural gas.
Other countries have done that to this would not because the environmentalists -- allowing -- to -- -- out.
So we have many -- so thank you legislation and banking let's let's not think well look.
You know -- the legislation that's been passed over the last few years Dodd-Frank and the different.
Different forms of legislation has been very bad it's been very bad for the country I can -- -- Frank came into -- -- in July 2010.
Well after we really hit the -- we didn't really at this gives before that but I have never seen banks that petrified to make deals the banks are afraid to make it the president is that they be honest or they like.
Game and us.
I think they -- you I'm very disappointed in banks from the standpoint if you have a house -- you have great credited you've always done well I know people that have a mortgage for 25 years they've always been right on time right to the day.
The mortgage comes due in the bank is demanding to be paid off of that and we're close in the house.
That's really crap.
Because the banks were bailed out by the government and now the -- now the banks don't loan money to these people.
So that's really a terrible thing I'm talking about the cut about -- about people that have been under what cloture for that -- -- I don't have written them I've done it about really good people that paid.
They did a fantastic job.
And now their mortgages come due they're not even looking for new mortgages won an extension they can't get an extension.
The banks have been very -- I will say this.
A lot of the banks are afraid however because of the regulators to make a deal.
Well they they don't want -- they don't want put -- money.
Here's the problem our system has come to a halt because the banks aren't loaning money so but man wants to go out and build -- business he can't borrow money.
The -- -- you could borrow money can't borrow money so -- stuff.
If somebody like me -- -- active are all the money I want if you have money.
And you really rich.
And you need money.
Even you don't need it you can have you can have all the money you want to get rich but those are the people that need money.
The people that wanna build a business to people who want to finance house they have no chance of getting money the banks have -- very badly.
Down thank you thank you very much.
