“You’ve never seen African-American unemployment this low and the spread between African-Americans and whites narrowing.” — BET co-found Robert Johnson
BET co-founder Robert Johnson was a guest host on CNBC this past week when he shocked his Democrat friends by praising the Trump administration for supporting the black community and making life better for African-Americans across the country. Johnson credited the Trump administrations pro-growth agenda and business-friendly practices for the best economic conditions African-Americans have ever enjoyed.
Johnson also explained that he did not believe that President Trump was a racist, and further that he thought Trump wanted to do right by the black community.
It’s an eye-opening few minutes, and the Trump team should be trumpeting it across the media spectrum.
“Business is very good! I believe that if you take into account the Trump tax cut, you take into account the drop in unemployment and particularly unemployment for African-Americans, it’s the lowest it’s ever been in history. And you take into account the fact that interest rates are fairly stable, they will probably drift up, but so far.
And I think the business community is committed to reinvest capital that they get from some of the tax advantages and that as a result of that, I think the economy is going to grow…
We’re about the 21st largest car dealership group in the country. People are still buying cars as interest rates are favorable. Hotels seem to be coming back, business travelers are going back on airplanes and traveling and staying in hotels. That works for us. And there’s still capital out there to raise in the private equity field.”
Johnson explained that, taken together, these policies, have led to black unemployment dropping some 4-5 percentage points. “That’s a pretty good testament to the fact that there are a lot of jobs out there looking for people who are traditionally underemployed, and that only comes when the economy is growing.” Johnson said.
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