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Transcripts for CNN The Lead With Jake Tapper 20190823 20:05:00

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douglas aiken, former director of the budget office. douglas, you wrote in "time" an opinion piece you're not too concerned about a recession but saying in your estimation, the president really has a mixed report card ben it comes to the economy, noting specifically his trade policies are what you see is a major obstacle to growth, and there's also the issue of this chaos. alison touched on it in terms of how that's affecting investors. >> right. >> you know, just a little bit south of us at the exchange, there's no clear message, there's no clear plan. what is the impact? >> i think this is an unambiguousry negative part of what we've seen out of the trump administration and today is a really good example of it. there was some substance today. china announced they're going to introduce retaliatory tariffs. it followed the plan they announced at the beginning which is if the u.s. moved, they would respond with commensurate actions, these are exactly the same kinds of actions on the same dates, september 1th, december 15th, so that really wasn't a surprise.

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