Trump: True US Unemployment Rate at 20%, Four Times Higher than Claimed
US unemployment is really running at 20 percent, four times higher than the supposedly low rate of 5 percent claimed by President Barack Obama, presumptive Republican presidential nominee Donald Trump told a rally in San Diego.
WASHINGTON (Sputnik) — The United States was dying from within, its domestic infrastructure was crumbling and successive administrations had wasted $5 trillion in the Middle East instead of using the money to create jobs and prosperity at home, Trump maintained.
"We have tremendous deficits. Don't believe the 5 percent. The real [unemployment] number is 20 percent," Trump stated on Friday.
While the US domestic economy was in deep crisis, the United States spent hundreds of billions of dollars defending prosperous nations that exported far more to America than they bought from it, Trump argued.
"You look at the NATO countries, many of them aren't living up to their obligations. They're our friends, they're our allies, but they've been abusing us… Germany, Japan, Saudi Arabia, we defend these countries and they don't pay us."