Tags: Barack Obama | Donald Trump | obama | economy | trump

Trump: Businesses Are 'Scared' of Obama Re-election

Thursday, 26 July 2012 10:54 AM

Calling this year’s election “one of the most important in history,” billionaire real estate magnate Donald Trump says hardened business people are now genuinely “scared” about what could happen if President Barack Obama is re-elected.
“I think that people are very nervous. And I think they’re actually, in many cases, scared,” Trump told Fox News’ Greta Van Susteren Wednesday night. “Business people — hardened, veteran business people — are scared to see what would happen if Obama gets a second term.”
Trump, who toyed with a run for president before endorsing Mitt Romney for the Republican nomination, said despite his own views about how badly Obama has handled the economy, he still believes the administration is trying to do what it can to turn things around.
“I think they’re trying. Obviously, they have to be trying,” he said. “It’s inconceivable to think that they’re not. But certainly not a lot is happening to help the business community. Business is in a funk. They’re in a total funk right now. They’re just not moving.”
Making things worse, Trump said, “The banks are not loaning money to people that want to build businesses, and that’s a real problem for the country. It’s never been like this.”
In addition to having trouble getting loans and attracting investments, Trump said the nation’s businesses are also worried about how Obamacare will affect their bottom lines and whether they’ll be looking at tax increases next year.
“There are many people that are waiting to see what happens with the election. And if Mitt Romney gets in, they’re going to be investing and they’re going to be going wild and they’re going to be creating jobs,” he predicted. “And if Obama gets in, I think they're going to be very, very upset and go to lots of other places. They have very little confidence in the country.”
Painting perhaps the gloomiest picture yet of the nation’s economic outlook, Trump said what really bothers him is, “Nobody knows what’s going to happen.”
“Nobody wants to invest in this climate, and people that have money are holding back. Banks are afraid to make loans. It’s a mess,” he said, adding that all the talk about “raising taxes on job producers is very, very dangerous thing to be doing” right now.

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Thursday, 26 July 2012 10:54 AM
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