Tags: navarro | deficit | jobs | trump

Navarro: Deficit Not a Concern If Market Doesn't React

pete navarro is shown
(AP)

By    |   Friday, 21 February 2020 02:40 PM

The growing national deficit is a "legitimate issue, but the main focus right now is in creating jobs, White House trade adviser Peter Navarro said Friday. 

"Until the bond market starts reacting negatively to that and we start seeing inflation, (the deficit) is not going to be a concern," Navarro told CNN's "New Day." "What we're going to focus on is growing wages for workers. We're not afraid of that cause and inflation like some on Wall Street. We're going to increase productivity through investment. That's the plan and it's working beautifully."

Show host John Berman reminded Navarro that the deficit was $779 billion, $984 billion in 2019 and the estimate is at $1.2 trillion this year.

"The question is, is it a bad thing? Will it get better?" said Navarro. "What our focus is on, John, is basically growing the economy as fast as possible. The difference between the 2% and 3% growth rate, 3%, 3.5% is all the difference in the world. What we've been trying to do is consistently outperform CBO predictions."

The administration is "outperforming projections," said Navarro. "I think if you look at everything we're doing, we've got household income up. The real GDP is actually performing better than expectations. Manufacturing jobs, we've created over half a million although they've been down recently."

Navarro also talked about his role in trying to find out who the White House person is who wrote the "Anonymous" book and opinion piece detailing issues inside the Trump White House. 

"We've had over 20 people in this administration accused in print of being anonymous," he said. "Suspects are everywhere."

He noted that very few news stories coming from the White House that quotes someone with a name, but rather depend on leaks from "so-called senior administration officials." 

"I'll bet you a million dollars right here that 'Anonymous is not actually a senior administration official like 'The New York Times' claims," said Navarro. "This is going to be one of the greatest mysteries of all time."

© 2020 Newsmax. All rights reserved.

   
1Like our page
2Share
Newsfront
The growing national deficit is a "legitimate issue, but the main focus right now is in creating jobs, White House trade adviser Peter Navarro said Friday. 
navarro, deficit, jobs, trump
335
2020-40-21
Friday, 21 February 2020 02:40 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved