“Business Is VERY Good”: BET Founder Praises Trump Economy For Bringing African-Americans Back Into Labor Force (VIDEO)
In an interview with CNBC Friday, BET founder Robert Johnson praised President Donald Trump’s handling of the economy. When asked for his thoughts on the U.S.’s business climate, the African-American entrepreneur replied, it’s “very good.”
“When you look at that [January report], you have to say something is going right,” said Johnson, a Democrat and founder and chairman of The RLJ Cos.
“You have to take encouragement from what’s happening in the labor force and the job market,” Johnson told “Squawk Box.” “When you look at African-American unemployment, … you’ve never had African-American unemployment this low and the spread between African-Americans and whites narrowing.”
Johnson said that means the jobs market is “soliciting employees who have been out of the labor force, some of it based on discrimination, some of it based on changes in education, access and technology changes.”
Additionally, the business environment in the U.S. is also good, Johnson said. “I believe if you take into account the Trump tax cut, you take into account the drop in unemployment, … and you take into account that interest rates are fairly stable” the economy is going to grow, he said.
Johnson has been one of Trump’s most vocal defenders in the African-American business community.
“To me, I never thought Donald Trump, and I still don’t believe it today, was a racist. I don’t believe that he’s anti-African-American,” Johnson told CNBC in November 2016.
“For too long, the African-American community has been ignored by the Republicans because they thought we were always locked with the Democrats.”