BET Founder: The Economy Is Growing Due to Trump’s Tax Cuts
‘Unemployment for African-Americans, it’s the lowest it’s ever been in history’
Apr 6, 2018 10:48 AM
By Grabien Staff
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EXCERPT:
JOHNSON: "But when you put all of that together, I believe that the economy is on a strong growth pass and in our business, you know, car business is growing. 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. So when you put all that together, and particularly from our vantage point of the focus on urban markets and African-American community, when you got about — African-Americans are down around 4, 5, something like that, you know, 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."
