A psychological effect can you break down what this actually means and what what causes it well its a little bit of both i mean we lets also remember that we are now 9 years into this economic recovery and thats a historically long period of time we probably regardless of where we were on trade tensions were probably nearing the end of this Economic Cycle but what happens when you have companies that arent sure of their exports not only to china but other parts of the world because we certainly have trade tensions with europe as well canada mexico but arent as aware or arent as certain about the supply chains and whats theyre able to source products from theyre not going to produce as many products theyre not going to hire as many people and thats the direct consequence and you see that playing out right now in these numbers but its also more broadly just based on uncertainty in the world right now youve got your a possibly going into recession as well certainly the chinese economy independent of the trade war was slipping as well so we probably are slipping into a Global Economic shutdown slowdown whether its a recession is is unclear at this point so many factoring slows does this mean that people are actually unemployed and out of work. No and well we will get the next piece of important Economic Data later on this week on friday were getting at the jobs data for the month of august you know we have still continued to see a fairly robust jobs market right now although its slowing down as well the numbers 429000 are i think about 160000 jobs created per month thats down from about 220000. 00 just the jobs that were created each month and 20 so on balance you would still say that the economy is doing well but there are certainly storm clouds on the horizon just so that the audience understands the Manufacturing Sector of the Manufacturing Sector makes its one of the top 5 employment categories in the United States is it not and what are the one of the subcategories of manufacturing obviously theres Steel ManufacturingElectronics Consumer goods but break it down for us well no thats exactly right i think manufacturing makes up you know is in the top 5 but i think overall you know its constraint comprises i think Something Like 9 percent of the u. S. Economy but psychologically it has a much more powerful impact because manufacturing is not only about exports imports its not only about consumer goods its about transportation its about warehousing its about construction it touches so many other parts of the u. S. Economy and in certain parts of this country in particular in the midwest and the south manufacturing has placed an outsized role so again its true measure its true symbolic importance of the u. S. Economy is much bigger than the actual amount of dollars that are involved so in many factoring is focused you say in the south so these are primarily in the midwest so is it the is it primarily red states or or traditionally red leaning states that have the most manufacturing jobs well it no it is its a lot of rural jobs we should say that and its also a frankly a lot of jobs in the traditional midwest but we also need to understand manufacturing. Looks a lot different than it used to be when i was the deputy secretary of labor i used to visit all kinds of factories i would visit auto plants as well the u. S. Manufacturing balance is producing far more goods than it did lets say 10 or 20 years ago but its also doing with doing all of that with far fewer people and in part thats because of automation and so manufacturing as a portion of the u. S. Economy has steadily shrunk but obviously the trade tensions we have are creating a series of headwinds that its struggling with right now its an interesting conversation the one regarding productivity because of where were producing more goods and partly thats due to automation but also the American Worker is very productive when compared to workers abroad i mean americans traditionally or or currently work more hours have less vacation plume and so forth whats your assessment of the way American Companies actually take care of employees in this country as compared to others for example well and thats an important conversation to have if you go back to the 1950 s. And sixtys there was a time in this country where you could have graduated with a High School Degree and gotten a good paying union job in a factory that would have provided Good Health Care a good Retirement Benefits in the form of a pension you could have a work there and had a productive life those kinds of jobs simply dont exist anymore they dont exist in part because of automation but also in part because of globalization one of the reasons why for instance the trade tariffs are so detrimental to u. S. Consumers is that we get so many of our consumer goods right now from china its clothing its footwear its electronics a lot of the things that simply dont make economic sense to make here in the United States anymore in part because our labor costs are so expensive so to the extent that we have manufacturing right now it a lot of it is assembling assembling things that come from components that come from other country. Or its advance manufacturing that uses a high level of technology so the types of jobs in manufacturing even are different now than they were 10 or 20 years ago they tend to be much more high skill jobs so if you were advising on a on a domestic policy of for the way we attend to our manufacturing Employee Base what would you say because it sounds like what partly it what youre saying is that due to globalization its just hard for a man you fit American Manufacturing jobs to be competitive well and thats exactly right and look well im not im not saying that we should not engage a manufacture were the thing theres a lot of manufacturing that make sense ado here in part because we have such a great technological advantage over other countries and i think in particular when you look at manufacturing here or verses doing it in china were when you move in china a you start have intellectual property concerns as well youve got a higher transportation cos there are a lot of good reasons why you should manufactor here in the United States in ways that can offset the higher labor costs but i think we also need a fundamentally a new Economic Policy iran manufacturing and we need to recognize and have those hard conversation we cant go backwards we cant go back to the manufacturing jobs the night 150 s. And sixtys those just wont exist anymore again because a technology again because of globalization but we cant have good paying high skill jobs but there were going to require much more that one High School Education theyre going to require Community College educations apprenticeships new really fundamentally will require a greater Government Investment in advance manufacturing in the technology that goes into it and those jobs will be fewer as well correct theyll be fewer theyll be higher paying but they will be fewer yes so President Trump i think he issued an order for American Companies to start seeking other places to manufacture prefer blee america as the trade were with shut with china continues if it becomes more difficult for us to have us company is rather to have their products manufactured in china where are the products going to be manufactured or are they going to come to the United States or as some say are they going to move to vietnam or other countries where labor is still cheap its not exactly clear what the president met with that order and that his advisors subsequently said well he has the authority to do that but he has no plans currently to do that its not in clear that he has the Legal Authority you that but even if he did even if companies had to pull out of china unquestionably theyre going to move to the place where they labor is also cheap in theyll probably move to Southeast Asia places like vietnam cambodia where you already start to see in particular clothing footwear benefactors moving in part because at this point as China Economy develops more as their population becomes more educated and more skilled their labor costs are going up as well and thats thats where manufacturing goes it often goes to the place where you can make goods at the lowest cost you know its china in a position just because of their political structure able to stall for the 2020 election in the hopes that they might get a better deal with the next president should that not be trump. Well look i mean if you look at where the chinese economy right now is it clearly is slowing down there are a bunch of reasons why that is but you know for overriding of reasons their political system youve essentially got a a leader and she paying who is essentially the leader for life in china youve got a controlled market economy where the Central Government can make purchasing and selling decisions youve also got a currency that can be much more easily manipulated by the Central Government its pretty clear that it is hard to wage a sustained trade war against china now its not to say that there are not trade imbalances that should be addressed theyre not intellectual property concerns that should be addressed as well but what is troubling here is that if the president thinks he can outlast china on this hes probably wrong that being said it certainly poses a issue for the next president if it happens not to be dollar trump because as i said some of the structural imbalances that weve had need to be addressed but its hard to do that when youre dealing with a country like china that has a central economy so switching gears to some of our other trading partners weve got a major item on Congress Agenda as it comes back from its august work break its the u. S. M. C. A. Which is the u. S. Mexico trade agreement is that going to be approved how likely is that to be approved and what does it entail. Well it is supposed to be a rewrite of nafta although how much of it is a rewrite of nafta is is unclear and and what happens if this doesnt get passed whether the president truly is going to rip up nafta is also unclear but with with us m. C. A. Theres 2 issues right now theres the legitimate issue that democrats have raised about labor standards Environmental Standards predominately in mexico that were talking about and whether theyre sufficient theres also the political battle as well democrats at this point are no move frankly to give a political victory to trump up took on an issue like trade where he seems to be kind of wallowing right now so you know i personally dont see this happening before the end of the year and if it doesnt happen for the end of the year its hard to see this happening. Whats the whats the scenario in which trump gets an easy win that you think the democrats are concerned about. Well i think at this point you know leaving aside the politics of this i think theres not a huge appetite frankly for trade agreements either in the Democratic Party or the Republican Party you know free trade used to be kind of one of these issues that was largely carried by republicans and you know and this is one of the battles as its always hard to get democrats to vote for free trade agreements i think in this new climate which we operate now where theres greater greater nationalist feelings theres a greater resentment of free trade voting for free trade agreements is never a political winner at this point anymore leaving aside the really legitimate criticisms of this Agreement Terms of whether it does enough to protect the environment or American Workers chris thank you so much for your time today my pleasure more politicking right after the break. There are 3 russian and lines. In a world of big partisan loot. And conspiracy its time to wait to dig deeper to hit the stories that Mainstream Media refuses to tell more than ever we need to be smarter we need to stop slamming the door. And shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now for watching closely watching the hawks. Aeroflot russian airlines. Is a very dangerous lucian to the prison escape rules for use by terror for the most its simple compared with simple to deal with Climate Change as compared to making laws how to triple the terror from those who dangerous delusion to think the truth of the planet be the list of those people who go to do the folks who have. Some seem wrong but old clothes just dont hold. The world that is yet to shape out these days the constant adjective and in the game equals betrayal. When so many find themselves worlds apart. Just to look for common ground. Welcome back to politicking im Matthew Cooke sitting in for larry king after a series of well publicized gaffes by former Vice President and current 2020 candidate joe biden his campaign is this week trying to temper expectations for mr bidens performance in the iowa caucus and New Hampshire primary the Campaign Says it has a larger strategy based on huge victories for biden in the super tuesday election which happens in march whats behind these comments from bidens campaign and what does it mean for the candidates hot on his heels in the early primaries for analysis we turn to the Political Panel they are Political Columnist any homes shes in new york city and in chattanooga tennessee brian joyce host of the brian joyce show on talk radio airing on w g o w f. M. Welcome to the program lets jump right in and talk about the biden cant comment about it strategy and holmes lets start with you. Well matt you know on previous shows weve talked about joe bidens performance President Trump giving him the nickname sleepy joe i would give him a nickname creaky joe and weve seen so far during this campaign that he has a lot of verbal gaffes his language gets sort of tangled and its leading to a lot of questions about you know his fitness to keep going is he going to be this dynamic energetic candidate you know all the way through particularly when we see that Elizabeth Warren is nipping at his heels i think its smart for his advisors to lower those expectations so that joe biden could potentially actually you know out perform them as for talking about iowa lets remember that back in 2008 the former for Vice President then senator biden he actually lost iowa i think you only earned less than a percentage point and immediately dropped out so i think a lot of our political watchers are pundits people who talk about this for a living need to kind of remember that he didnt have a great track record with iowa at least the last time around ryan. I think joe biden needs to continue doing what hes doing hes already the most popular kid in the race and matthew you would i have talked about this we have opinion polls that go back busy 10 years to the time when he 1st took office as Vice President indicating that joe biden across the board republican and democrat is considered one of the most likable popular elected officials in the entire United States so i think it needs to continue doing what hes doing you know i mean this this this talk about biden gaffes and biden being creepy can we all remember who the president of the United States is i mean come on were going to accuse joe biden of gaffes were going to go right now im not talking about repairs since were on the trip were diving or paris if were to the rest of the democratic field right but thats something that democrats need to get straight to and this is Something Else that ive talked about with matthew and larry many times before is that nobody if ive said it once ive said it a 1000000 times nobody snatches defeat from the jaws of victory but of the liberal democrats all right well lets lets press a little bit harder on that for a moment before we move on and give the Progressive Left as it were would probably argue Something Like this if biden is going to change his record for example live on the air about what his position was in the iraq war for example or make up stories combining a bunch of different stories about a veteran that he may or may not have met who may have experienced something that hes just coming off the top of this head how is that any better then then a president who theyre running against who they call a pathological liar whats the difference and is there a little bit of a double standard in calling biden making up a story a gaffe and calling what the current president says a lie amy holmes well i think those are of perfectly fair concerns to raise about joe biden and his honesty when he is i guess reflecting recalling his own political history his positions and you know these stories that he likes to tell but i want to go back to the earlier point about dr. You have to get out of their way theyve got to you know you know keep their focus and keep their fire on President Trump well thats true in the general but right now were in the primary and those primary content contenders do not intend to be rolled over by joe biden and his political machine because they need to get out of the way theyre fighting theyre fighting hard theyre fighting tough and guess what democratic voters and a lot of polling show that its not so much the policy positions that they care about at this point there they care about someone whos going to be a fighter and we saw that kemal harris while her polls have dropped back down to i think about 5 percent they got a major boost when she went after joe biden in that 1st debate on the debate stage i dont think its fair to tell Bernie SandersElizabeth Warren people. Harris or any of the rest of them that they need to pipe down and not go after joe biden because it might be bad for the party amy spoken like a true leftist brian whats whats your answer to that and also because let me decide when i do i do want to ask that question seriously about bidens record on the iraq war i mean he seems to have completely flip what was love to your reaction well ill get to that a 2nd but 1st let me just clarify what i say democrats need to get their act together mostly im talking about the voters im not talking about the candidates the candidates certainly they have every right and they should campaign on their own values and their own platform at the same time they do need to keep an eye on what the real prizes here and i think there are some good examples of this i think people to judge is a great example of a guy who has been very Crystal Clear on where he stands on the issues without overtly attacking other candidates without necessarily trying to pit his own stances on positions against the people in his own party hes been Crystal Clear about where he stands why its better than whats in the white house now without necessarily attacking his fellow democrats i think thats something that the rest of the field needs to focus on now back to biden and you know some of these gaffes and misspeaking on the iraq war you know when u. S. Met the what the differences between that in the current president well the differences trump does a 25 times a day trump does it 100 times a week he does a 1000 tons of mud when i see joe biden lying in just making things up and completely coming up with. Whatever you want to call it alternate facts things that are true on a daily weekly basis thatll be concerned about joe bidens competency for the white house in the meantime ill say the same thing i already did sometimes people are going to slip up ill give him that much rope i have no problem with that i would say the same thing about a republican so lets let the big difference actually is that joe biden has a voting record and his votes mattered when it came to these policies that hes now trying to backtrack and run away from because theyre not good for him in the democratic primary speaking of presenting their best case theres an analysis by axios that was released earlier this week where andrew yang ranked 14th that of the field of 19 in terms of articles written about his candidacy and 13th in cable news mentions but he ranked 4th overall in twitter mentions is he being short changed by the media not on this program. Amy lets start with you. Well im sure the young gang think so Bernie Sanders and his team thinks theyre being shortchanged look its really hard to get earned media and media loves to run after the next shiny object you can possibly even blame a o c in the medias obsession with her pushing some of these other candidates out of the frame as were talking about politics theres only so many you know hours in the day and news anchor in a newspaper andrew young hes got to work hard to get that earned media and he may not even need it if he has this network of supporters on twitter and social media and elsewhere but i will point out that c. N. N. Theyd just did a piece is and andrew young getting short changed and i found it very surprising that they admitted that they bumped tom styer up in terms of their top candidates their top tier candidates because he had greater personal wealth and therefore a better chance at the presidency thats totally subjective as we know and we also know that very very wealthy candidates have often fallen short in american elections just look at meg whitman the founder of ebay she just crashed and burned in california when she ran for statewide office so i think c. N. N. Applying that metric was biased and not very smart frankly brian when you think getting short changed. They very well might be but you know the tricky area that we get into what we talk about Media Coverage and i know this because im a part of the media ive been in talk radio for 10 years its a little bit of a chicken and then they exit you ation is the media not covering the yang ganger andrew yang are they not covering him because the American People just really havent expressed must interest in andrew young or are the American People not expressing interest in india or yang because hes not getting Media Coverage its a chicken and egg situation and amy is exactly right the media is going to focus its attention on whatever the shy meanest object is and thats always been the case and i mean ill give you a better example of a candidate who i thought got completely shafted when it comes to Media Coverage was governor inslee from washington what that was a fantastic candidate he leads a state that has the strongest economy in the entire United States he was forefront he was the forefront of the Climate Change debate even when it comes to democrats and you know he got barely any oxygen and thats why he had to drop out of the race so but again you know i cant tell you how many times i have listeners of my own radio show theyll call in and theyre exasperated all right weve heard enough about the hurricane weve heard enough about trumps latest slip up weve heard enough about joe but why dont you talk about Something Else and my answer to that all the time it was im talking about what americas talking about if this is what i feel like america wants to talk about that i want to give them what they want to talk about i dont want to go with some you know candidate who might be polling at 2 or 5 percent just because i think hes a great candidate i need to give the listener in the viewer what they want to see and what they want to hear its a bit of a catch 22 interesting theres a diddly a lot of members of the media dont do a very good job at it but i think thats the trap that andrew young falls into brian very very quickly ok that happened to answer yang is for President Trump to attack him on twitter then all of that would be talking about andrew young exact. Good point amy thank you brian for your time today and thank you for joining me on this edition of politicking and always thank you to larry king for letting me sit in this chair today remember we love hearing from you join the conversation on larrys Facebook Page and as always you can share your thoughts on twitter by tweeting at kings things and using the politicking hash tag i also invite you to join me on facebook at matthew cook official and thats all for this edition of politicking. Aeroflot russian and lights. You know world of big partisan movies lot and conspiracy its time to wake up to dig deeper to hit the stories that Mainstream Media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the back and shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now for watching closely watching the hawks. Aeroflot russian and light its. 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