“If you start adding it up, our real unemployment rate is 42%.”

— Donald J. Trump

2015-08-20 <br class="br">Donald Trump Explains All <br class="br">TIME <br class="br">http://time.com/4003734/donald-trump-interview-transcript/. For a discussion of this figure, see "The Real Jobless Rate Is 42 Percent? Donald Trump Has a Point, Sort Of" http://www.nytimes.com/2016/02/11/upshot/the-real-jobless-rate-is-42-percent-donald-trump-has-a-point-sort-of.html?_r=0 by Neil Irwin, The New York Times (10 February 2016). <br class="br">2010s, 2015

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "If you start adding it up, our real unemployment rate is 42%." by Donald J. Trump?

Donald J. Trump photo

Donald J. Trump904

45th President of the United States of America 1946

Related quotes

“A key element in all Keynesian models is a ‘trade-off between inflation and real output: the higher is the inflation rate; the higher is output (or equivalently, the lower is the rate of unemployment).”

Robert Lucas Jr. (1937) American economist

"After Keynesian macroeconomics" 1978

“I don't care what the unemployment rate is going to be. It doesn't matter to me. My campaign doesn't hinge on unemployment rates and growth rates.”

Rick Santorum (1958) American politician

2012-03-20
Santorum: "I don't care" about unemployment rate
Sam
Jacobs
Chicago Tribune
http://www.chicagotribune.com/news/politics/sns-rt-us-usa-campaign-santorum-joblessbre82j0nb-20120320,0,7898443.story
2012-03-20
http://web.archive.org/web/20120322201518/http://www.chicagotribune.com/news/politics/sns-rt-us-usa-campaign-santorum-joblessbre82j0nb-20120320,0,7898443.story
2012-03-22

“In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment.”

Paul Ormerod book The Death of Economics

Part II, Chapter 6, Unemployment and Inflation, p. 130
The Death of Economics (1994)

“I started adding up all the things I couldn't do.”

Sylvia Plath (1932–1963) American poet, novelist and short story writer

“Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other. If government spending is financed by borrowing from the commercial banks, it means credit expansion and inflation. If in the course of such an inflation the rise in commodity prices exceeds the rise in nominal wage rates, unemployment will drop. But what makes unemployment shrink is precisely the fact that real wage rates are falling.”

Ludwig von Mises book Socialism

Socialism (1922), Epilogue (1947)

“An ad that pretends to be art is — at absolute best — like somebody who smiles warmly at you only because he wants something from you. This is dishonest, but what's sinister is the cumulative effect that such dishonesty has on us: since it offers a perfect facsimile or simulacrum of goodwill without goodwill's real spirit, it messes with our heads and eventually starts upping our defenses even in cases of genuine smiles and real art and true goodwill. It makes us feel confused and lonely and impotent and angry and scared. It causes despair.”

David Foster Wallace book A Supposedly Fun Thing I'll Never Do Again

A Supposedly Fun Thing I'll Never Do Again
Essays

“I leave you with a complaint. Now, the country is in a terrible state, and you've blamed it on a number of things: Unemployment rate, the value of the pound and all that… well, it's because the national anthem is boring.”

Billy Connolly (1942) British comedian

An Audience With Billy - 1985

“The time has come to speak out. Britain is now locked in a vicious spiralling interest rates…The net result of completing the vicious circle is that prices have increased, the rate of inflation has gone up, the money supply has increased, unemployment has gone up, the rate of bankruptcies has increased, the industrial base has been further eroded, the Government's borrowing requirement has increased and as a result there is more pressure to raise interest rates yet again, to be followed inevitably by the same vicious circle. It is this that must be broken.”

Edward Heath (1916–2005) Prime Minister of the United Kingdom (1970–1974)

Speech to the Federation of Conservative Students in Manchester (6 October 1981), quoted in The Times (7 October 1981), p. 6.
Post-Prime Ministerial

“Let there be no doubt that our present rate of inflation is the main cause of our economic difficulties. There never has been a more mistaken piece of economic analysis than the view that we should accept inflation to avoid unemployment. Inflation today, so far from being an alternative to unemployment, is its main cause. If our rate of cost increase is allowed to continue close to twice that of the average for the developed world it will increasingly price us out of world markets. Employers…will have to restrict their activities and still more their labour force in response to mounting and uncontainable wage and salary bills.”

Roy Jenkins (1920–2003) British politician, historian and writer

Hugh Anderson Memorial lecture at the Cambridge Union (28 February 1975), quoted in The Times (1 March 1975), p. 2
1970s

“Apparently we’re now in a state where most ads are full of people looking at us in a way that would heat us up down to our toes if it happened in real life, and we don’t think anything of it.”

Max Barry (1973) Australian writer

October 16, 2005 weblog post http://www.maxbarry.com/2005/10/16/news.html#theywantyou

Related topics