Home Depot Co-Founder Bernie Marcus reminds President-elect Donald Trump not to forget the American worker once the real-estate billionaire tales office.
“Trump was voted in for one reason only,” he told FOX Business Network’s Neil Cavuto. “And that’s because Democrats forgot that working America is suffering. That these people out there who are working for jobs have had less money in their payroll for the last eight years. Their expenses have gone up with Obamacare and everything else…and I think that we need to create jobs in America,” said Marcus, who co-founded Home Depot in 1978.
He explained that young Americans now entering the workforce possibly have it as difficult as it’s ever been in his career.
“These kids have not had a break,” he said. “These kids are making less money than they ever did before because more is coming out of their payroll. And I think that that’s who we’re concerned about — working America.”
Meanwhile, media executive Barry Diller has described the incoming Trump administration as a "grand experiment." "Every day, we see things we've never seen before," the chairman of IAC told CNBC.
"Look, 50 percent of the country wanted things to continue as they were, 50 percent wanted change. The 50 percent that wanted change has gotten the chance for it. As far as I'm concerned, bring it on," he said.
Diller said it appears the president-elect will bring about "almost undiluted change," CNBC.com explained.
One of the changes the United States will see is that Trump "is a better negotiator than someone who has trained in government," Diller said. Diller thinks Trump will actually be "really good across the table" and not "manhandle people" or "do one-off things that just sound good."
For his part, Trump on Wednesday defended his direct interventions with companies, including making statements on Twitter, saying businesses will benefit from his actions and his upcoming term in office, Reuters reported.
One day after criticizing one of Boeing Co.'s high-profile projects in a tweet, Trump told NBC that he anticipated "tremendous" economic growth under his administration but reiterated his warning that companies shifting U.S. jobs overseas would have to pay.
Still, markets and companies should not worry, he said.
"I don't know ... how people are unnerved," Trump told NBC's "Today" program. "It's just the opposite. Frankly, I think we're going to go up."
The New York businessman, who has never held public office, begins his term on Jan. 20.
(Newsmax wire services contributed to this report).
© 2024 Newsmax Finance. All rights reserved.