-The tariffs have really
bitten into China. They haven’t bitten
into us at all. Except for the reporters that
wanna make it look that way, but they don’t understand
what’s happening. -They hand you a budget, and it’s gonna blow the deficit
through the roof, you’re gonna hold
the line, correct? -I’m gonna hold the line.
-Let me also ask you about the debt, sir,
because it’s gone from a shade under $20 trillion,
from when you took office. Now, it’s a shade
over $22 trillion and heading in
the wrong direction. What are your plans
to reverse it? -Well, it’s all about growth. Don’t believe those phony
numbers when you hear 4point9% and 5% unemployment. The number’s probably 28%. I even heard recently 42%. Unemployment
is at a 16-year low. I accept the number. They’re paying
for these tariffs. We’re not. It’s tough for Apple
to pay tariffs. You have interest rates. I borrow money like I’m building
the Old Post Office. You pay like nothing. They give you free money. Now, that’s bad.
That’s not good. Obama doesn’t allow our Fed
to raise interest rates because, when those interest rates go,
you watch what’s gonna happen. It’s gonna be very unattractive. He’ll be out,
playing golf someplace. Well, I personally think
the Fed should drop rates. I think they really
slowed us down. There’s no inflation. This is gonna be the big problem because they’ve
so weakened the dollar. But, despite what you hear
in Washington, inflation is rampant. Everyone says,
“Oh, that’s great. We have a strong dollar”. We’re getting killed worldwide. -Okay.
-We have a very powerful dollar, so, that’s the good news. We have a stock market
that is so bloated. Be careful of a bubble. Stock market has gone up
massively since the election. When I was elected, a lotta
the really smart people went out and bought a lotta stock
and they’ve been rewarded.