NEW YORK, Sept. 16 (Xinhua) - U.S. Republican presidential candidate Donald Trump said his economic plan will produce annual 3.5 percent growth and create 25 million jobs over the next decade, as he spoke to the New York Economic Club on Thursday morning.
"We must replace the present policy of globalism," said the Trump, "and replace it with a new policy of Americanism." Trump claimed globalism has moved jobs and wealth overseas.
He promised to lower taxes, remove regulations, unleash energy, and negotiate trade deals that "put America First," in order to put American economy back on track.
The speech is basically in line with the Republican nominee's economic plan unveiled in Detroit early August. This time, however, he put more emphasis on employment and economic growth.
"Right now, 92 million Americans are on the sidelines, outside the workforce, and not part of our economy," Trump said. "It's a silent nation of jobless Americans."
He vowed to bring jobs back to America's poor communities, putting coal miners and steel workers back to work. Both coal and steel industries are now suffering in the United States, due to alternative energies and competition from overseas.
The pledges were doubted by economists, for growth rate has been around 2 percent since 2009, and the creation of 25 million new jobs over 10 years' time has never happened in U.S. history.
"This is not very realistic," wrote Gillian White on the website of the Atlantic, a U.S. magazine renowned for its reviews on political science and foreign affairs.
"His campaign's economic policy adjustments appear to be stemming from political placation rather than fiscal reality," she writes.