Very top. It is an economy that sees an increasing amount of risk. We have financial deregulation going on and we see a growing concentration of monopoly power and tariffs on consumer goods. Cash being handed back to the largest agrobusinesses that are squeezing family farmers. It is not an economy that is working for working families. I think that ordinary people are feeling that. Mr morici the economy is doing well compared to recent history. It is growing at a reasonable pace. The gains at the bottom have been more robust than in the recent past and that is good. The basic problems of Trump Administration faces is that a lot of the actions have been mischaracterized. The tax cut was for the wealthy, ordinary americans got tax cuts which they spent and boosted the economy. The problem they face is none of this is happening fast enough and democrats have framed the issue not in terms of quantity of growth but quality and in terms of equity. The administration is going to have to make a better case that what is happening now is equitable. My feeling is that doing a lot of things in that direction, for example instead of dumping, you add more money into Higher Education through internship programs and Apprenticeship Programs so somebody can go to work for a company for a year or two, get 15 an hour which is not bad out of high school, then look forward to 90 of the cases a job that pays 60 or 70,000 a year, a job that learns a skill. There are a lot of positive things, the question is can you make them happen enough. As for the tariffs i want to get them off the table. Hillary clinton campaigned on a 25 tariff now that donald trump is doing it wise of the horror of horrors . Americans have no sense at all of our engagement in china is not good for us, that china is not a friendly place to our values whether we are democrats or republicans. They would not like what is going on here this morning. Host lets give our guest a response to that on tariffs. Mr. Greene there are a number of challenges. Nobody disagrees that what is going on with china in terms of Technology Theft and their human rights challenges and in terms of the jobs that have been left. In terms of the jobs and the wages that have been undermined here because of the low road wage Environmental Strategy that china employs. The question is are you doing it with allies or in a smart way. The entire negotiating strategy of this administration is to ask for things that protect u. S. Corporate profits in china, not to do things that would level the Playing Field for American Workers such as higher wages, better environmental protections and reduced subsidies. I would like to point out a couple of things my colleagues said that i respectfully disagree with. The apprenticeships are something that have officially been a union priority. Something that those of us on the left, democrats and others have been fighting for. This administration is engaged in deregulation of the very Apprenticeship Program, the highquality Apprenticeship Program that make sure the workers that do that get a high paying job. They are doing things that are actually undermining the very priorities. Guest he inherited an economy where less than 10 of privatesector workers are in a union and less than 10 of industry workers are in a union. They are creating Apprenticeship Programs across the board, not just in welding and carpentry but in banking and hospitality. Places where people traditionally cannot get adequate training in high school and college is ignore. My feeling is we are dealing with the economy as we find it and that is a good thing. These are being developed by the department of labor. They are certified by the department of labor which last i heard was all blue shirts. You have to have a little bit of charity here. Not everything barack obama did was bad or good. Not everything donald trump ivanka is buying this anyway. She is the one that is been pushing this. Can see just a little bit. [indiscernible] lets take a caller. The very Apprenticeship Program you are talking about is being deregulated. The question here ultimately is where are the rewards of the economy going . Corporate profits since the 1980s have paid out more in every dollar in corporate profits and everything are dollar they have raised in the stock market has gone back to shareholders. The returns during that same period of wages for working class families is essentially flat. You see ceo pay going up by 940 since 1978 and 11 for nonsupervisory workers. This economy is working well for those of the top and everyone else is working a minimum wage job and trying to get by. Host lets introduce the callers. For republicans 202 7488001. For democrats 202 7488000. For independents 202 7488002. You can tweak your thoughts cspanwj. Tweet your thoughts cspanwj. On a recession is this a reality . Only if it happens. My feeling is a recession this far out in a recovery is a threat. The trade situation has to be better managed. It hasnt been i have not been completely happy with the way the trade war has been managed. I think the Administration Needs to do a better job of communicating its objectives and goals. At the end of the day the chinese do not have to agree to anything. My feeling is we have to reorient the American Economy away from china and develop relationships with our allies that provide us in creating relationships with regards to where the supply chain goes. The real competition between the u. S. And china Going Forward is who has the friends and who has the enemies. Host this potential trade deal with japan . Big deal. Japan is the thirdlargest economy. The Transpacific Partnership after all, if the supply chain moves to south asia we want that to be in places where we can trade, where we have tariff free access. Where people will accept our goods and the governments will not orchestrate piracy of our technology. Host the idea of the recession and if you want to bring up trade . Guest i disagree with my friend on the trade stuff. We are all americans here. I see largely agreeing with your analysis about the economy and the recession. You are being charitable, not agreeing with me. I want to make two points. One is we do see Business Investments declining by 5. 5 over q2, whereas Consumer Spending has been up to 4. 3 in q2. We do see a divergence and the yield curve inverting which suggests there is a loss of confidence. There is a carry trade potential going on in europe with Interest Rates. We see a potential turning point. The other thing that concerns me greatly is the amount of financial deregulation. We see bankers looking to undermine the rules. That is a bit of an exaggeration. It is not at all. We continue to see high amounts of leverage loans and corporate debt similar to the way the packages were made before the financial crisis. Those are the types of things that concern me. As the economy starts to get shaky Financial Markets are already rocky. You can see Financial Risks of going up significantly. The real Financial Risks are not here in but in europe. Very shaky books. It is going to get accurate bookkeeping and germany. The italian banks are overleveraged. They got a lot of bad loans. They guarantee the bonds. Thats like going around the block twice and saying youre in a different place. Los angeles california. Mike, your first up. Caller hello and good morning. I think you have numerous economic problems so i can be optimistic about the economy. Economic conditions have a huge effect on campaign 2020. As you know, many experts believe the Current Situation could push the United States into a recession. Our National Debt is over 22 trillion, the federal deficit is 800 billion. More than 14 Million People are at the risk of hunger, 12 million our children. It is clear that farmers are not in ideal conditions. This situation can lead to the decline of american power. What do you think about this issue, thank you. Host he talked about the deficit so lets go down that road. Mr. Green . Mr. Green are you using the deficit for good purposes . If youre using it to go out and go on a shopping street. Particularly if it is a shopping spree for your wealthy grandmother rather than to invest in clothes for your kids that is the bad type of debt. We have seen 83 of money go to the top 1 and only 17 go to the working families. An overwhelming amount of the debt that has been increased over 10 years or even more, that is a wasteful type of debt. We are going to be in a worse situation if and when a recession comes. The question is how big of a deficit can you have. Over the last decade something very profound has happened. A loss of confidence in the euro globally and people are not going to accept, no matter how big the chinese economy is, that they should keep their money in chinese currency. The dollar is the coil the realm. In that environment there is a massive demand for bonds because businesses need dollars for their treasuries and to pay bills but i never hold it in dollars they hold it in bonds and u. S. Treasuries. What happens when all of that expansion is over . Democrats and republicans, my view is it is disingenuous to attribute the deficit to one side or the other. Each likes to spend money in their own way. These large deficits will become more problematic to fit in at some point in the future. An anchor on a commercial network, you are always saying that but you never give it a point. At some point the market becomes saturated. Monetary policy does not work. The reason that investment spending is down is the u. S. Economy is becoming less capital intensive. In the days of Richard Nixons muscular American Economy where everyone was working in manufacturing. If you wanted something to work you would buy a machine. Now you just buy software you can reproduce. Huge amounts of money were established with the ford motor company. In that environment, the economy just invests less in these bigticket items. The real place to look for investment is how much are they spending on training Apprenticeship Programs. Things of that nature. You cannot cut Interest Rates and get a bang out of it in that world. Cutting Interest Rates does not cause people to invest anymore because they do not want to invest anymore. They just do not want to. Guest the only thing i would add is that i agree and i would add that we have to be more attentive to the monopoly power out there. The q rates of companies, some of them are well above one and approaching two. This tells people there are too few companies in the market. That is right and they are very profitable because they are protecting other competitors from coming in. This is true of tech sectors, agricultural sectors and a lot of places across the economy. We want to have an economy where there is a robust opportunity for working families to start a company and grow it. We need to be attentive to antitrust. It is utterly being turned around by this administration. Host lets get another call if we can. Edward in texas, independent line. Caller good morning, thank you for taking my call. I think whoever is president needs to change. I believe my allegiance is to the flag and computers have leveled the Playing Fields of of the world. We need to be concerned about borders and tax levels. African americans pay taxes which support parks and statues for rebels who rebelled against the United States and the president and our country by doing the uncivil war. At some point we have to be loyal to the nation. We need to come together and we need some black faces at these tables. You are not asking for our opinion, you have not given us reparations, youre talking about giving our Children Free education while we are paying taxes to support racist parks and we do not have enough money to pay taxes that are due on existing properties. Host we will leave it there and let our guest respond. Guest the tremendous challenge that africanamerican families face in this country is very real. If you look at wealth the average middleclass family saw wealth decline between 2001 and 2010 because of the financial crisis and great recession. It has largely come back for working families. For white families. It has not come back as a significant measure. The racial wealth gap continues with the 400th anniversary of planes coming to american shores, the legacy of that is very severe. There is a whole range of things that have to be done to address that challenge. I do agree there are many things that need to be done. It is also a class related thing. Because of the dissolving manufacturing base. Technology and so forth and trade have seen their circumstances whether we have republicans in the white house or democrats in the white house. The real question is what kind of solutions do we have . My feeling is that it is a grain of sand investing in parks and statues for the wrong person. The real problem is all of the money that we badly invest in this nation. American universities have become extraordinarily expensive to sustain, much more expensive than the Health Care System in terms of their pace of inflation. You cannot say that what is coming out of there is particularly useful to the economy. 40 of graduates cannot solve a problem given a basic set of facts. They are not considered good critical thinkers. Whether they go to the Business School or the Sociology Department this is the problem. In disciplines where there are very strict protocols like engineering, either a bridge stands up for it falls down. In the liberal arts of business and so forth we have real problems with universities producing with what universities are producing. They are sapping enormous amounts of resources and the way we finance it is criminal. We have 18yearolds making Investment Decisions about 100,000. Here is 100,000, how do you want to invest it in your education . And some professor who wants to hold on their jobs says there are infinite people available to people with degrees. Not mentioning the fact that the job market and economy have changed and when that professor came out of college when i came out of college if you were literate you went to work for a company and they trained you. Now if you want to work for a bank or a good job you have to know some finance. A lot of colleges, a lot of universities and programs are much more interested in Political Correctness and politics and social change. We have some on the right as well. I wrote a column about that recently. After many years of subscribing to my emails and my columns, this was the washington times, the president of my Little College at new york state unsubscribed. I hope he is watching now because i invite him, i will send him all of my columns. Universities are completely tone deaf. Talking to a University President about problems of Higher Education is like walking into a cemetery and lecturing a tombstone. Host on the republican line from maryland, john. Caller it seems like the left wants to vilify shareholders when in fact one of the greatest things about our economy is the ability to invest. Whether it is the 529 and education, the 401k in retirement or investments. This is where we could see a lot of equity brought across africanamerican, white, asian, hispanic, if those populations invested in the long haul over the market which is a dynamic aspect of the u. S. Economy all people rise with those boats and we have seen that. The left wants to vilify shareholders and say they are the reason most of the people are good people that invest for the long haul and im sired tired of the vilification of shareholders. One thing i want to deal with is over and over again, big corporations have been getting more profitable, who are these big corporations . Because companies dont live forever we are going to if you have benefits to find pensions chances are it will be at we have gone to these contribution defined pensions, where does this money go . It goes into indexes and the s p 500. When this guy talks about these greedy people getting money, they are talking about grandmother retired in florida. This guy wants to tax grandma. Raising the Corporate Tax is taxing americas retirees and those saving for retirement. We should not rely on Social Security alone. I will bow with you on Social Security on another show. We should be trying to find better ways to enable people to have retirement accounts even if they are small or do not have a lot of money. Even if they make 10 or 15 an hour. That is the way of having some stake in the situation. Over the years the stock market has performed well in the longterm. Even when president obama was president. That is very important to focus on, it is not an easy challenge. Maybe mr. Greene who hasnt infinite supply of Solutions LikeElizabeth Warren he must have a plan for that one. Would you please give us a plan . I am happy to provide solutions. They are ones that work. Want to agree with the callar. I am not here to vilify all shareholders. Am i a bad person i am a shareholder . Well. [laughter] i work at the security and exchange commission. Everyone makes hiring mistakes. Host let him finish. [laughter] there are shareholders that are invested in the long run success and growth of companies. Mr. And mrs. 401k. A pension fund for firefighters and police officers. Those are the kinds of shareholders we need to be engaged in. More protection and transparency and opportunity. They have a shareholder empowerment to be pushing for things like corporate longterm to address challenges like Climate Change to be pushing for corporate political spending and a bunch of other things that are negatively affecting shareholders. I want to distinguish, those types of shareholders from the types of shortterm activism where the wealthiest hedge fund investors, line with ceos in some circumstances are pulling cash out of companies, deriving them offshore and that is the type of shortterm capitalism that is not working for working families. I agree with that. The other thing to remember about some of these things the tremendous wealth gap in this country. The top 10 of this country owns 70 of the wealth. The bottom 50 have 1. 3 . The average wealth of the average household today is half of what it was in 1999. I think we need to look at opportunities to enable working families to have more pensions so they can be invested for the longterm and enhanced Consumer Protection and corporate longtermism so we can have consumers and companies aligned in the same direction. I generally agree with you. Something about the way young people finish their education. They come out of schools heavily in debt, how are they going to invest . The best years to put money in is at 20 to 30 because they have a longest time to grow. They are paying off debt to keep some College Professor who teaches six hours spending most of his morning condo planning what he is going to have for lunch and spending the afternoons contemplating why we are so poorlys poorly prepared. It used to be after college they work for a living. Now they indoctrinate instead of educate and leave these kids with huge amounts of debt. They spend their time trying to blacklist people like me. You will because we are talking about the election. Overall and this idea of jobs and improving the state of the economy when it comes to plans and things you have heard from candidates, mr. Greene, who would you say has a viable plan . There are a number of going on right now. There are a number of different shakeups going on in the democratic primary. We see an idea such as tax cuts, corporate longtermism and workers on board and greater unionization to make sure working families get a fair share. We are seeing ideas such as providing support for families to be able to afford rent in highcost places in this country. As well as a number of other challenges to address the high cost of health care. There is a range of things, all of which will shake out and debate in the course of the primary, i have mentioned antitrust and antimonopoly power, from consumers to farmers to Small Businesses everyone has a fair shot. That is a robust range of debates that are focusing the attention of the public. Is this economy working for the majority . Host the ideas resented by the candidates . On the republican side we only have one candidate. The International Economic trade system, trade with china has not been working well, the very people you are concerned about. We have to credit donald trump was something. Even you. He has joined that issue. We can talk about how to confront china or the best tactics but what i find is heartening is democrats saying we need to negotiate we have been negotiating with the chinese for 25 years and getting nowhere. We need to take matters into our own hands. Reorient the American Economy towards places in the world that are friendlier to us and our values and to try to protect those values project those values in a positive and democratic way so we see democratic countries flourish in south asia and we see it restored as much as might be possible in europe. Europe has a lot of reordering to do. The gdp of italy is lower than before the financial crisis. The germans would like to blame the trade war between the United States and china on italys lousy circumstances. Italys lousy circumstances they have been sliced in berlin. My feeling is that this notion of reordering our International Relationships is very important and reorganizing our international priorities. I think donald trump should be given credit for saying this needs to be done. The university of maryland andy green is the on the democrats line, dan. Caller excuse me. I would like to say i am 100 stock buybacks and pensions and stuff like that, i am on pension and i am retired. Im going to let it go with that. This is aint fox tv, peter, have a nice day god bless you. Some cheap shots we just let go by. [indiscernible] how about you go on msnbc . I want to give context. The challenge universities face is because of a fundamental shift towards equality. We used to have state and local governments provide largely free Public Education to working families. My mom went to cal on 50 and a quarter back in her day. As the economy has gone from one to where the ceo to minimumwage worker wage ratio is to be 50 to 1. Now it is more like 300 times in some cases and even higher. We have seen universities competing with that amount of inequality. You are right, putting that on the back of working class families to take out debt is the wrong approach. We have to provide fewer tax cuts to the wealthy and funding for Public Education. We need to make sure this is relevant to the needs of the people that go there. 10 of the population went to college we need to make sure that we impart marketable skills and to do that we need to rebalance education. We should not be sending 70 of our High School Graduates to college. 70 are not qualified to be there. They cannot be the kinds of Critical Thinking that we do in those places. On the other hand, colleges need to become a lot more efficient. I think universities exist to make money off being a hub of inefficiency. [indiscernible] if my president is listening he is welcome to call me about it. Caller i live here in Silicon Valley. I grew up here. I went to College Earning 1 an hour working six days. Now we have these Big Companies all over the world and just as mr. Green a says only 50 of the people own stocks. Another 40 to 45 cant even pay for basic needs every month. This is a third world country to me. I have lived in south africa under apartheid because my husband was in the military. I lived in South Carolina for a year. This is the worst thing ive ever seen and lets talk about getting back to some economics. We dont talk about the history of economics that made this country great. I am tired of seeing the ceos buying back their stocks and giving it to the top and giving it to their stockholders. Its not that i dont like stockholders, but not everybody is a stockholder. Whats going to happen when these people, i worked in the medical field. We all need medical care. We all have preexisting conditions and there are only two labs, there is no competition for laboratories where i work. I have cancer. I have coverage. I got to go to a good stanford university. What if you dont have coverage . Why do we not care about the people . Host we have to leave it there because you put a lot out there. Mr. Green the caller hits on some of the most difficult challenges we face. The high cost of health care coverage, if you have it it is not necessarily sufficient. The caller was fortunate because there are a lot of callers who are fighting to get the coverage they need. A growing monopoly across a wide range of industries and a declining choice whether it is for consumers or workers or Small Businesses, entrepreneurs to be able to have a shot. Significant amounts of money as i mentioned before going to the very top. I want to go back and agree and then disagree with my colleague over here. We do need to make sure that the opportunity to lift people out of poverty around the world and right here in america, that is why it is important to have Good Environmental labor and the good of and a bunch of other policies. We need to make sure that we are investing here in the u. S. And our trade policies are bringing jobs and opportunity back here. One of the things that is wrong with the trade deal that of happened in the past is they pay no attention to where the supply chains go. If you look at Southeast Asia those are tied to the chinese supply chain. We need to make sure that we are investing here in the u. S. And going back to this endorsing that approach will not achieve the right amount of change. We have to take care of all these challenges. We have the money to do it. A lot of money is going to the wrong places. We are spending far too much on Higher Education. We should be putting money Apprenticeship Programs. We can argue about who is responsible for the growth of Apprenticeship Programs but they should be there because that is where the challenges are. Mine is a satisfying job to have but we should not say just because we get the government involved we will get rid of monopolies. One of the most monopolizing factors over the last decade has been obamacare because it encouraged the consolidations of hospitals and dr. Practices and so forth in a lot of counties. To me it was not wellintentioned. What we need to recognize is the Affordable Care act is part of the american Political Landscape and that the real trick is to reform it in ways that finally start to lower cost. You are going to love me. We should start benchmarking the prices we charge in the United States to the prices that are charged abroad. I see no reason why drug should cost more in the u. S. Than germany. I see no reason why a needle replacement should be twice as much as here in belgium. If you go into american households, for the same reason colleges have become inefficient hospitals have become very inefficient. Lots of people running around saying hi how are you. I know a Department Chair and canada and he is not one to be political. He said one of the things he noticed down here was how many people were bumping into each other at a doctors office. That is largely because of his regulatory bureaucracy we have created. This is the area where the europeans are doing it right. What is it about the german system . The germans basically have obamacare. Private insurers and everyone has to pay unless they post a big bond. If you are one of those big guys you dont have to buy insurance. Everyone has to buy in, they are spending 11 of gdp with a gdp per capita comparable to us. We are spending about 50 more here. Why is that . There are places where the market does not work. Pharmaceutical prices have to be regulated. There are places where public assistance creates incentive. There are places where frankly, go to a specialist in washington, try to find an orthopedist that does not belong to one practice . No wonder they do not take medicare reimbursement. Caller the Health Care System is guest the Health Care System is broken in the u. S. And democrats have a wide range of plans all of which are pushing towards expanding coverage and lowering costs and lowering bureaucracy. We see the contrast to what this administration is doing which is trying to take away coverage while providing tax cuts to the very corporations, not all of health care is for profit but some chunks of it are. Tax cuts to those companies that are doing very well. I think that is the wrong direction. I made a lot of good points i think you made a lot of good points. If you ask Elizabeth Warren or Bernie Sanders how they are going to deal with this they say lets raise taxes and put it into health care. I dont know if i agree with that. If we are spending so much now the trick should be how to we get more efficient to provide health care for everybody . If you listen to Bernie Sanders or Elizabeth Warren they are actually saying that the efficiency of the government is one of the things that lowers administrative costs. We have a 70 income tax on wealthy wealthy people. Elizabeth warren recently talked about this idea of a wealth tax. There is another way we can do structural change in this economy. It is time for a wealth tax in america. For those of you who may not be familiar with it lets give you a quick explanation. Your 50,000,001, lets talk about what were going to do with that. Pitch in two cents on every dollar after that. Does anyone in here own a home . You have been paying a wealth tax forever. They just call it a property tax. I am saying for the top 1 10 of 1 , how about we include in addition to real estate the stock portfolios, diamonds, art and yachts. Guest populism is great stuff. It brings tears to peoples eyes. The reality is that taxing wealth is very difficult. The people that are subject to the estate tax, it is really tough to put values on a lot of stuff. Suppose you own the Washington Redskins as a part of your 100 billion . Try to put a value on the Washington Redskins not to mention his yacht. To me, it is irrelevant whether we tax wealth or income. Wealth comes from income. The question is, how much tax revenue do we need, how do we get it equitably, and how do we spend it effectively . You have to answer the last question before the first two. Just giving Elizabeth Warren more money to spend, if she is going to pour it into a free tuition, she is going to give college is another source of cash and poor more subsidies into the Health Care System. It is insane to say we will raise prices for them. We have to impose discipline on the institutions that are spending public money so that public money is spent well. Im not going to argue with my progressive friends about the need for a progressive income tax. Guest we have seen the decline in Corporate Tax rates, income tax rates, estate taxes over the last four years to the point where the amount of money that is going to the very top versus the amount of money that those in the middle are making is really quite extraordinary. The amount of inequality is a threat to our Social Security, a threat to us as a coherent and cohesive economy. I think that it is possible to go to a place where we can evaluate the wealth, the lending against yachts and stocks and the real estate that the wealthy are buying every day. I would like to agree. If you would like to go back to historical accounting and higher cost charges i will be right there with you. The point is its not the Atlantic Monthly so we have a bigger challenge. How about the yachts here in the marina . We should not let these types of minor questions get in the way. The basic point that we absolutely cannot let the current system, where the wealthy are able to not pay a fair share of income, estate and property taxes. Resulting in the types of gilded age transfers of wealth to the children of the very rich. It is contrary to our democracy. There are lots of good things we can do with that money. Dealing with the National Debt, addressing the Climate Change challenges. Does it have to be about maralago for us to Pay Attention to it . Had a chance to go first. I will let you respond later on. Villa delphic, pennsylvania, does it have to be about independent line. I want to hear your views about what Larry Summers has pushed. Is it real to you and what is the effect of that on the economy . What is the u6 rate . I didnt understand the second part. Oh, u6 Unemployment Rate is way down. In terms of structural adjustment, that is the problem of our time. One of the reasons for this great inequality of wealth, some one reason is the fact that we used in the many hands to make most of the things we use every day. We dont anymore. Not everyone is adequately trained for it. I was talking to my wife and they were telling mother freetrade agreement. I said what about rice, are we going to be able to sell them carolina rice . They said, probably not. What would japanese do with the poor rice farmers . We used to think of a dynamic economy being able to absorb people from one sector to another, but now the knowledge and training requirements are so large that it makes it extraordinarily difficult. If you look at vocational high schools back in the 1950s, carpentry, auto mechanics, today if you look at all the things, these Apprenticeship Programs cover it is a multitude of things. If you go into the poorer counties of the u. S. Where people do not have opportunity, they need training and an opportunity to relocate you cannot provide them with a suitable menu of retraining opportunities. We do not know where they will be because you cannot provide opportunities for training in each place. The structural adjustment problems we face today go back to adequately educating young people and reeducating people in skills that will provide them with some opportunity for the first 20 years of their career. Until we address that structural change will continue to be something that rivets us and we will not need the chinese to do it, just somebody in Silicon Valley to invent something new. Like amazon, look what it does to retail. Host mr. Green . Guest i agree with the analysis of the doctor. In addition to a structural adjustment or sectoral stagnation challenge. We have an equity charge. Black workers have two times the Unemployment Rate or more than the rest of white workers. I think we need to work at workforce training through an equity lens. It is definitely true that communities are left behind. We have not correctly understood or thought about things that are largely knowable about the impact of International Trade and job loss on certain sectors and certain regions in particular. It leaves those sectors and regions to rot. I think it is very important to recognize were going to have to start to relocate populations. Like when tenant farmers ended and 40 years in a new, people moved from the south to the north to the factories. To provide opportunities and prosperitys we have to move them to metropolitan areas, change our housing policies, build taller and smarter cities, become a much more urban society. You go on the campaign trail and you want to win michigan. It used to be florida now it is michigan and wisconsin and a few other places, the people that hillary did not want to speak to. Go to those places. I went to maine, i used to tell my students we have to train you to leave maine. I was lucky to get out of the building alive. Youre supposed to ride in education for people for jobs here in maine. Theres the jobs are not in maine, they are not in world mississippi or michigan or the border of texas. We have to find ways to create mobility for those people. It will be all the people left behind, we will talk about sunsetting communities. This happens with the consolidation of agriculture. We went to 4000 acre farms, they are private family farms but they get bigger and bigger because the machines are bigger. Communities went away because an is totead of having he have 40 or 50 Dairy Farmers coming out has to. There are greenery there anymore. Host mr. Green, your thoughts then we go to a call. Mr. Greene we are seeing the need in the cities on the coast that are doing well and in the heartland warehousing costs are extraordinarily high. We have gotten a market for new construction and workingclass families, it is not working, we need to invest more to make the markets work better. I agree with a lot of that. I am not sure it is deregulation, it is a mix of things. We cannot let communities fall behind, paying attention to regional equities and where we are investing and creating opportunities. Host some people have been waiting. On the Florida Republican line, tim. Caller thank you for taking my call. I would like to get these guys to explain, we have had import taxes and export taxes. The problem is our import taxes are less than what we pay when we export our stuff overseas. What trump is trying to do is level the Playing Field. To where we pay the same amount of taxes, whether it is an import or export tax, also the properties. If we go back and look towards world war ii this country, we are the ones that rebuilt europe after world war ii. There was an agreement made. That they would take in support 2 of their gdp growth towards nato. They do not do that and when the president steps up and says so people get up in arms and say we are not taking or supporting our allies or dumping on them. As far as regulations go, like with your progressive economists. Regulations are great. When it comes to the economy. You have to do common sense. The problem is they go way overboard. Host mr. Greene, you can start. Mr. Green the story of the u. S. Postworld war ii is the one where we are the consumer of last resort. We are the economy that supported the rest of the world being able to stay in the free world not go communist. We did that by opening our markets and largely allowing other countries to keep market more closed. We did this with germany and japan. We had export taxes and we let them have higher tariffs than we did. That is continued until the present day. As you have gone through the decade, japan came back online in the 60s and 70s. They are about the same population as the u. S. We are talking eight to 10 times the size of the u. S. In some cases. The ability for the u. S. Worker and the u. S. Consumer to adjust and adapt is challenging. We see that in terms of working and wages coming down. We have more than doubled the global labor force. It is a story where a u. S. President asked other parts of the world to adjust. That is what voelker was doing. President nixon at the time when he took the u. S. Off the gold standard. There was a long series of this on both sides. So. I dont disagree that it is important to be asking for adjustments and addressing these things, i think the question is one of the priorities what are the priorities . These will largely benefit corporate profits and it will not benefit working families and leveling the Playing Field. My friends on the hard left were critical of barack obama for the same reasons. The reality is what drives americans, what is good for General Motors is not what is good for Silicon Valley. I do not like the politics one bit. Every time they are buying up an east coast newspaper. We do need to recognize the health and vitality of these companies is very important. Going into foreign markets making sure they are not treated unfairly. The french imposing a Technology Cast they can subsidize airplanes but they cannot seem to come up with one for amazon. My feeling is that we need to be careful to distinguish between establishing equity within our borders not in the process failing to stick up for our National Champions when we go abroad. It is a delicate balance. I dont know that seeking better Market Access for pharmaceutical companies solves our pharmaceutical problems. I dont know that seeking a treatment for amazon, facebook and twitter, all of those guys in europe necessarily solves our data privacy problems here or the monopolization problems here. Its important not to campaign on the following basis. Privacy is a problem. It only stands to reason that twitter, google, and the rest make their money selling your private information. I have a plan that only works inside our borders. When we go abroad, we have to remember hes wearing a red and i should be wearing a blue shirt and it should be that we run the same team. We will leave it there. Thanks for the conversation. Tonight, President Trump and french president Emmanuel Macrons news summit at the g7. That is followed by Prime Minister narendra modi. Then a conversation among former government officials about the future of Representative Democracy and the representatives between relationships between democracies. ,nouncer washington journal live every day with news and policy issues that impact you. Discussmorning, we will campaign 2020 and u. S. Immigration policy starting with Washington Post immigration reporter, american lawyers Immigration Association lawyer, and Jessica Vaughn of the center for immigration studies. Watch washington journal at 7 00 eastern tuesday morning. Join the discussion. Today, President Trump and french president Emmanuel Macron held a joint News Conference at the end of the g7 summit. President macron announced hes open to meeting with the u. S. And iran to discuss nuclear security. Following their joint News Conference, President Trump continues to answer questions from the press. [applause] mr. President , madam first lady, ladies and gentlemen,