Transcripts For MSNBCW All In With Chris Hayes 20191101

A sitting white house official confirming quid pro quo. It was a lot more than a phone call. It was a coordinated campaign. And the new Economic Data that could mean impeachment may be the least of Donald Trumps problems. The impeachment of your president is scam. When all in starts right now. Good evening from new york. Im chris hayes. For the fourth time in this countrys history the house of representatives voted to formalize an impeachment inquiry into the president of the United States. It was a clear victory for Speaker Nancy Pelosi who called for unity even as congress moved closer to impeaching the president. Hopefully as we go forward with this for the clarity of purpose, the purpose of procedure, a clarity of fact, a clarity of truth, its about the truth, its about the constitution, we will do so in a way that brings people together that is healing rather than dividing. And that is how we will honor our oath of office. The vote was a show of strength by pelosi who got together all but two members of the democratic caucus. Many of them in districts trump won by double digits two years prior there was a question of whether these swing district democrats would be willing to call out the president s lawlessness and abuses in the teeth of constituencies that voted for the president. But today they did. People like congressman Joe Cunningham of south carolina, the Washington Post says his district leans republican by 10 points. People like oklahoma congressman kendrick moore, and the only democrat representing that state in the u. S. Host, and her district leads also republican by 10 points. The only democrat from his state, the Washington Post says republican leads his district by a whopping 13 points. We should note thats only because the one republican that came out for impeachment and voted for the resolution today, justin amash was essentially ejected from the party for doing so. Trumps Republican Party has this nifty bit of circular logic where if democrats criticize the president , thats partisan. If a republican criticizes the president , then that republican is a nevertrumper and ergo a nev partisan. The president is now facing the protracted public airing of his wrongdoing, including his abrupt abuse of power. His Approval Rating, the trump economy is now showing real signs of slowing. And he has almost no tangible legislative accomplishments happening in nearly three years in office. Today its worth taking a step back to put the vote in context. This entire thing has been a sort of remarkable turn of events after waiting two years before the highly anticipated and secretive Mueller Report, an extremely successful spin job summary by attorney general william barr and declared there was no obstruction despite the extensive evidence there was, framed the coverage of that report. And then when special counsel mueller himself framed it on kopt it was pretty overwhelming. Despite over a thousand federal prosecutors saying trump would have been indicted for obstruction were he not president , dozens of member of congress citing the Mueller Report saying this is high crimes and misdemeanors, President Trump essentially looked like he was going to walk away from the whole thing unscathed. But then the day after Robert Mueller testified, trump calls up the ukrainian president to corruptly coerce him to meddle in the next election, telling him i would like you to do us a favor, though. And joining me now is one of the congressman who voted for the impeachment resolution today, a member of both the house judiciary and Foreign Affairs committee. This i dont think this was a difficult vote for you, but how did you feel about casting this vote today . What did it mean what happened on the floor of the house today . Well, what happened on the floor of the house, chris, thanks for having me, this was a very serious moment for the house of representatives, a very serious moment for the congress. And while it showed the commitment of the house of representatives to ensure that no one is above the law, to continue to dig deeper into what we already know about the president s abuse of power and using his office to pressure a Foreign Government to help with a political campaign, the betrayal of our National Security, while it was important for us to make that statement, it was also a sad day because defending the constitution has never been a partisan issue, should never be a partisan issue. And what you saw on the floor of the house today was a Republican Caucus that sadly seemed more intent on defending the president than showing a willingness to do exactly what they said they wanted, which was move forward with an open process, the next phase of this all to get to the truth. And thats what was so unfrnts about today. But the work is important. Its been weve learned so much already, and were going to move forward quickly as we need to on behalf of the American People. Im curious if you can tell me a little bit what the mood of the caucus was. This is very divisive issue if you go back 6 or 7 months after the Mueller Report, there are many people who felt showing the Mueller Report on its face constituted high crimes and misdemeanors, and then the whistleblower complaint comes out, the president pressuring the ukraine president comes out. Theres now i think caucus consensus on this but how are people feeling entering this next chapter . I think after the past five weeks there is a real sense of urgency to this. Youre right about whats gone on thus far on the judiciary committee. We spent a lot of time addid many of my colleagues in the Mueller Report, volume one that detailed all of the ways the Trump Campaign was only too happy to have the support of russia. Volume 2 that documented ten cases of obstruction of justice, that was a real focus. But after as you point out, after the president made this call, weve now learned about the call and continued to hear from patriotic americans who come from the diplomacy world and the National Security world who understand that what the president did and what hes admitted to, what his chief of staff has admitted to in creating this shadow Foreign Policy run by Rudy Giuliani with the help of sondland and volker and rick perry, that it puts our National Security at risk. We need to go forward theres a feel on the house floor that we came together today on behalf of the American People. We need to continue to move forward, expose the truth, and ensure that we defend the constitution as we swore to do. All right, congressman ted deutsch on a monumental day, thank you for making time for us. Joining me for what the impeachment resolution means as a legislator who voted against bill clintons impeach, debbie stabnao of michigan. From your side of kocapitol hil what was the meaning of todays vote . I want to say congratulations on all the great work youre doing on your podcast and live shows and everything. I think theyre wonderful. Thats very kind of you. I appreciate it. Absolutely. From our side at this moment our responsibility takes over once the house has completed its work, and there is a sense of seriousness about this. There is a sense of understanding that so many of our house members in tough races put country above politics, and theres tremendous respect for that. I think people here are in awe of the speaker and what shes been able to do and adam schiff and all the members that have laid out methodically a process and information that is incredibly serious. Were at a very, very serious moment for the country. You are not up in 2020. You were just recently reelected in 2018. But you represent a state everybody identifies as a crucial swing state that seemed to swing back for democrats in to18. Where do things look for the state as evenly divided as yours, michigan, as were about to enter an epically cataclysmic partisan battle . Theres no question michigan is really a major if not the focal point, a major focal point. And i think we are with the rest of the country of people who have felt for a long time there should be an impeachment inkwierinquiry and the president should be removed. And others will not support that. And we have a substantial number of people in the middle that are very thoughtful listening and have been growing more and more concerned. And i think as you see the National Polls where people are moving, i think that is true in michigan because when youre talking about somebody abusing their office, using the country, our reputation, using military assistance to try to get help from your own campaign, people are very concerned about that. And if i could jump in one more because this is halloween i want to say here in the middle of the Senate Legislative graveyard Mitch Mcconnell has created as well. And what i think is incredible is that nancy pelosi and the House Democrats have really shown they can walk and chew gum at the same time because theyre doing a major effort that were talking about now. Theyve also passed more than 400 different bills over to the United States senate on everything from election security, protecting health care, violence against womens act, climate change, gun safety and background checks and on and on and on. They have had seven times more votes than have occurred in United States senate, and here we are and were not doing an impeachment investigation. I was going to actually ask you this. I dont and i mean this not in an insulting way. Other than confirming judges, i dont know actually know what the senate does right now. Well, its not insulting to me at all. I mean Mitch Mcconnell has probably called himself the grim reaper and said that none of what the house has sent us will pass. And he is laser focused only on judges, preferably very young. It doesnt matter if theyve ever practiced in front of any court let alone federal court, but he wants to pack the court. What were doing as democrats, we are very focused. And we last week brought up seven different motions on election security, on different bills that were objected to protect our vote, protect us from foreign interference. This week again its health care, protecting people with preexisting conditions and trying to protect people from being sold junk plans. Two weeks ago it was pensions. We are every week focused on something that the American People that they want us to be focused onto make their lives better. Thank you very much. Joining me now two reporters who have been covering todays historic vote. Sheryl, this was not always a fait accompli and by the time the vote was taken it felt like that, but what was the mood on the hill today . I think the mood was very somber, i think it was freighted, you know, with the weight of history. We saw in the debate a very impassioned debate. Speaker nancy pelosi quoted from the constitution, Kevin Mccarthy the republican leader quoted from alexander hamilton, so i think it was infused with a sense of history. But youre right, this was not a fait accompli. Just two short weeks ago nancy pelosi put the question to her caucus, should we have a vote authorizing to have an impeachment inquiry and the answer was resoundingly no. The idea was scuttled by moderates who were nervous that voters in their district wheresb their trump friendly districts would have created a backlash. But by the time this vote which was not an authorization vote but rather simply a vote laying out procedure Going Forward, by the time this vote came to the floor, there was a clear sense that democrats had united behind it. And it was really a credit to Speaker Pelosi for how she can pull her caucus together. You know, matt, republicans have pointed out that previous inquiries opened with bipartisan votes in favor of them, thats a little slip shot here just because they kicked justin amash out of the party. Were undergoing this at a time of maximal polarization. Were in a different universe now even than we were under a clinton. Yeah, thats totally right. And i would add that the mood, yes, somber, historic but it was also underneath that the familiar partisan lines. It was a very partisan day whether republicans basically throwing a fit over regular order in the house and looking for procedural issues here. You know, its noteworthy that every single republican notwithstanding justin amash was an independent, voting against a process they were saying themselves just a few days ago this is integral, they want to establish as a public thing and heres the vote and they all just said, oh, no. Its falling into the familiar partisan lines here and i think thats very substantial because it looks like preview of what the overall Impeachment Vote was going to look like. Matts point there is great that republicans have been attacking the process for being behind closed doors, for not having enshrined due process rights. All of that exists in the resolution they voted on today which they all voted against. It strikes me also, sheryl, that everyone here is kind of in for a penny, in for a pound. This vote might not be the Impeachment Vote but everyone understood what the vote is today, and no ones really going to get away with separating out the different procedural votes and the eventual vote. I think thats exactly right. This vote was tantamount to an Impeachment Vote or a vote that said youre for this process or youre against this process. And i think thats why republicans really held together. It was very important to President Trump, frankly, that not a single republican voted in favor of this. And it enabled republicans afterwards to say, you know what, the only bipartisan vote today was a vote against Going Forward. And thats going to be a key talking point that we are going to hear Going Forward from republicans. This was a Mitch Mcconnell discovery in the era of obama is that bipartisanship is produced whether you hold your caucus together. So if you hold your caucus together you can by definition unilaterally make a thing not bipartisan, right . And theres also the thing here, matt, i think is fascinating. The constitution gives the president a lot of power. The constitution gives the senate a lot of unique power. There are things only the senate can do particularly when it comes to confirming judges and others. There arent a ton of things only the house can do is impeachment is one of them. And its a striking moment in the balance of power to watch the house sort of rise to that power. Yeah, and i think that was you know, i think everyone was sort of aware of that today, there was that sense of history. We had, you know, all these sort of bad faith arguments that weve heard over the last few weeks including, you know, this is basically that this is court of law, basically that this is whatever they discovered to this point is fruit from the forbidden tree. That, you know, its sort of ludicrous, but youre right. The constitution lays out that that the house is in charge of impeachment and this is really them asserting their constitutional authority. Yeah, a fascinating moment for that reason among others. Thank you both. Next, the mountain of incriminating evidence against the president keeps on piling up. Why todays testimony from a sitting white house official was so damning for the president. In two minutes. The president in two minutes o types of motor r there was a sports car and a family saloon car and i always had in my mind that one day the family car could compete in rallies and racing when the mini actually came out i said this is the one to do it. Some farms grow food. This one grows fuel. Exxonmobil is growing algae for biofuels. That could one day power planes, propel ships, and fuel trucks. And cut their Greenhouse Gas emissions in half. Algae. Its potential just keeps growing. Its potential just keeps growing. Hey. Hey. You must be stevens phone. Now you can take control of your home wifi and get a notification the instant someone new joins your network. Only with xfinity xfi. Download the xfi app today. Another day of damning evidence against the president where once again a witness is confirming that, yes, indeed, there was a quid pro quo. This time it comes from a sitting white house official who sources say was very careful not to directly criticize the president but in his testimony did corroborate previous testimony from the top diplomat of ukraine bill taier and Lieutenant Colonel Alexander Vindman of the National Security counsel that there was in fact a quid pro quo, that a white house meeting and almost 400 million in aid were contingent on manufacturing dirt on the president s political rival. This comes just two days after the damaging testimony from vindman himself which were still learning more about including an episode in which he was immediately freaked out by trumps phone call with zelensky and went to a white house lawyer whose response was to essentially bury the white house call notes in that classified server. For more were joined by mieke eoyang. I want to start on that episode. As someone who has worked around the National Security apparatus of this country, how normal or abnormal is this kind of thing, that a president ial phone call triggers someone going to the lawyer for the National Security counsel who then buries it in the classified system . This is very abnormal. Normally a conversation like this youd want it widely disseminated. And now we can all work from that understanding which is the shared understanding of our country. By burying this phone collin a classifiedida classifi classified database they knew there was something wrong there. Now the other country knows what happens and our diplomats, our National Security apparatus is in the dark. So they are wondering what is going on, why is this country reacting the way that it is . Its actually quite a strong addition of a guilty conscience here. Mr. Morrison whos the top expert hes still at the National Security counsel, i think hes on his way out, hes leaving tomorrow. Its striking all these people have been coming forward. Youve got some who are pursuing a sort of court challenge, but by and large even people working in the nsc as the top russia expert, youre working in the white house. And even though reporters indicate he was careful not to directly criticize the president and said in the phone call i do thought ning it was a crime, hes still coming forward because clearly they know something was wrong here. Thats right. And look, you dont expect someone who was a Nuclear Weapons expert to know the ins and outs of Campaign Finance law and whats prohibited in terms of asking a Foreign Government for a personal campaign benefit here. So his judgment whether or not its legal is irrelevant to whether or not it was in fact illegal or a real problem. But they very clearly knew it was a problem. They knew it was a secondary channel, they knew trump was conducting Foreign Policy away from what normal looked and if it was right yosh you could do it in this channel. They had all these people running around. There were a lot of indications that the president was doing something really wrong here and that we were very, very far from perfect. Interesting about a sort of meta story here which is Tim Morrisons testimony, he said i want to be clear, i was not concerned anything illegal was discussed, thats on the phone call. Thats what youre referring to whether hed be qualified to make that judgment. But whats striking to me is this is the first plausibly exculpatory testimony of statement ive heard leaked two weeks. Which makes me think if there were others we probably would have heard, right . Thats certainly true. Youve got republicans in the room with democrats taking this testimony. If there was anything else exculpatory that would give the president a read to, they would put it out. This persons judgment seems nothing something you could rely on. And Everything Else the white house lawyers have done since then for this has also indicated that they think this is wrong. They wouldnt be opposing the production of witnesses and documents. They would not be saying were not going to cooperate with you if they have the record that shows the president was doing things the right way for the American People instead of the wrong way for himself. Thank you so much for sharing your time. Ahead President Trumps new play, dangle Campaign Cash over key republican senators up for reelection who would be crucial in a likely upcoming Impeachment Vote. That story next. Ikely upcoming t vote that story next. Were reporters from the new york times. This melting pot of impacted species. Everywhere is going to get touched by climate change. Fidelity has zero commissions for online u. S. Equity trades and etfs, plus zero minimums to open a brokerage account. With value like this, there are zero reasons to invest anywhere else. Fidelity. There are zero reasons to invest anywhere else. Great riches will find you when Liberty Mutual customizes your car insurance, so you only pay for what you need. Wow. Thanks, zoltar. How can i ever repay you . Maybe you could free zoltar . Thanks, lady. Taxi only pay for what you need. Liberty. Liberty. Liberty. Liberty. As the impeachment inquiry kicks into high gear today the president is essentially giving a kind of cash reward to senators who have his back. The Trump Campaign sent out a fundraising email yesterday asking for donations that would be split between the president and three republican senators ch who have condemned the inquiry. All three are up for reelection in 2020. They all represents states where the president s Approval Rating is under water and and their votes would be critical if the senate votes to remove the president from office. Notably absent from the list is maybe the most Vulnerable Senate republican Susan Collins from maine who unlike her other three colleagues have avoided taking a position on impeachment is certainly looks like the president is worried about a future senate vote and his solution is to essentially bribe his way out of a conviction. For a look at the president s tactics i want to bring in a White House Reporter at the daily beast. It was such a tell you had those three senators and not collins. And it struck me its not that the white house is desperate, but theyre not unconcerned where this goes in the senate. Is that fair in. I think thats fair especially with regards to President Donald Trump himself. Some of this, not all of it but some of it is coming from a place of insecurity, shall we say. A few days ago at the daily beast we reported that President Trump had been complaining for a while to close aides and advisers that he felt Senate Republican said, Senate Republicans specifically werent defending him hard enough or going to the mat hard enough during this entire impeachment. They werent messaging hard enough, werent pulling out enough hard core tactics or theatrics and he wanted something done about it. Mainly for his supposed republican allies on the hill to buck up a little bit more. And one of the ways in which this manifested itself is exactly what youre talking about right now. And its absolutely, you know, stake that collins was not on the roster because in this presidency the number one ideological element of this isnt tax cuts or kicking immigrants out of the country its abject fealty to President Trump. Whats fascinating here is what the president wants is behavior from every republican on capitol hill on both sides, house and senate, that looks like matt gates. He wants essentially full time trolls that will attack his enemies and say whatever, and thats fine if youre in a 20 plus trump district as a lot of folks who occupy those are. What hes demanding from them is not the most productive behavior for them to be reelected. And not just behavior that resembles some of his closest ally on the hill, such as representative matt gates or lee zeldin. Its specifically behavior that represents and perhaps even mirrors donald trump himself. Ill give you an example on the white house side. When weeks ago when the White House Counsels Office sent that pretty insane sounding letter that was signed and ostensibly written by white House Counsel pat sipolni that the white house would not cooperate with this sham impeachment investigation the white house even with that note was not able to stop these Administration Officials from testifying and cooperating but that letter that the white house sent saying we will not cooperate was angrily and enthusiastically dictated to pat by trump himself. When it comes to not just the messaging but politics of this donald trump even wants the legalise to sound like him. No amount of money the president can raise for them is going to make up for the political discomfort of acting like matt gates for the president s approval. Sure, absolutely. I think no, according to people ive talked to in the administration most of the people in the upper echelons of trump world have sort of resigned themselves to the idea of the house impeaching them. Theres nothing they can really do about that, but even with all this insecurity as we were discussing before and then pulling out all the stops to ensure as much a republican defense as possible in the senate, they do realize that at the end of the day theyll be there for him and i think there was under 1 chance in their minds that the senate wont keep trump in office. Were not going to see a president in 2020. Still to come with the impeachment inquiry about to enter a public setting how will that change the democratic strategy . The next phase ahead. E democratc strategy the next phase ahead especially these days. dad i think its here. mom vo especially at this age. big sis where are we going . mom vo its a big, beautiful world out there. little sis whoa. big sis wow. See that . mom vo sometimes you just need a little help seeing it. vo the threerow subaru ascent. Love. Its what makes a subaru, a subaru. Paneras new warm grain full of flavor, color,. Full of woo full of good. 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The storming of the congressional secure room last week a notable exception. And now for both better and worse the inquiry is about to enter a new phase. As the democrats move forward with a new strategy in public the stakes are going to get a lot higher. Here to talk about what thats going to look like, jill winebanks. So i think everyone agrees that you cant impeach a president in closed setting, right . Youve got to have open hearings, but its also striking to me that even more than 1998 with bill clinton, the republicans here do not view this as a legitimate process, like fundamentally they dont view themselves as mounting a process but thats going to play out in how this actual process goes out. How do you think it will play out . Well, yeah, im very troubled to see all the republicans folding against an inquiry. When i was there during the nixon impeachment the vote was over 400 to only 4 because people said, well, there needs to be an inquiry. The charges are serious, we need to look at the facts. At that point people voted for the inquiry but most republicans on the committee in the end decided the facts didnt warrant impeachment. Just because you voted for an inquiry doesnt mean you have to come out for impeachment. Thats the problem. So the democrats have two things they have to do. One is to complete the investigations, and two to have the public hearings. The question is how are the republicans going to respond . Are they going to act as clowns, be disruptive as weve seen or are they going to act in a serious, sober, responsible way . Im losing confidence theyre going to do that. So the question is how are democrats going to respond to that. One interesting point in the resolution talked about allowing for staff questioning which strikes me as important. Do you think thats an important aspect here . I am so glad you raised that because i havent heard enough about it today. I think its one of the most significant features, the fiveminute rule that said democrats get five minutes, republicans get five and you change the topic every time. That is not an etive waffective. I cant do an etive development of a narrative. And then if you change the subject, no one is going to get anywhere. The American People will not get a story that they can understand. So what theyve now done is said 90 minutes can be used, and it can be extended, but democrats get 45, republicans get 45, and staff can do the questioning. And then you go to the five minute rule with the Congress Members doing the questioning. Thats such a good way for america to understand its a really important point. And the 45 minutes, obviously, the republicans will be able to use that for staff questioning themselves. Presumably they would be smart to do that. All you have to do is looky the questioning of Cory Lewandowski and compare that to how much was accomplished in the fiveminute segments and you could see by the time berry burke started the questioning the networks had all turned off, it was over, they had covered the congressman. If we had started with that, it would have been a much more effective case. So thats very important as to the rules that are very good. Heres a kind of philosophical question. What is the purpose of these public hearings . Is the purpose to enter facts into evidence . Is it to persuade members of congress . Is it to show things to the American People and move Public Opinion . All of the above. Its primarily an educational function for the American People. They will also help to move members of congress, but this also helps to educate members of congress because they dont know all the facts here. In fact thats been the point republicans have been making. When you have a live witness just as when you had john dean on during the watergate hearings before the u. S. Senate, the American People can listen to the witness, they can judge the witness sincerity, the witness credibility. And say you know something that witness is telling the truth, or you know something, i dont believe that person. But the public is not going to support an impeachment effort unless they have a sense of how credible and how sincere the witnesses are. So thats the key thing. Now, of course if the republicans tried to disrupt that process, thats going to make it a lot more difficult. And i think democrats really need to be ready for the worst possible scenario. Two things to add to that which is nowadays the problem is thats theres going to be a group of people who will never hear the evidence as presented because fox will obscure it. People on msnbc will see the facts, they will cover the witnesses, and so far weve seen very clear evidence of how the republicans are going to approach this. They have not addressed any of the facts. They have diverted to other subjects, and thats what im afraid will happen here, and that could cause i think a very bad result. Im hoping that the facts will matter, that people will Pay Attention and like the manafort juror who said im a loyal trump supporter but i heard the evidence and i voted to convict him on all 18 counts because the facts were really compelling. And thats what we need. Thats was the difference in watergate where you saw the facts. Thats a great point. Jill winebanks and elizabeth, thank you both. Coming up why donald trump and Richard Nixon may have more in common. And why the biggest threat to trump may not be just the vote in the house. Thats ahead. Just the vote in the house thats ahead with advil, you have power over pain, so the whole world looks different. 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Before he was the president s personal lawyer and fixer, before he was running a shadow Foreign Policy in ukraine, before he was under federal investigation by his own office Rudy Giuliani had a very important position on team trump as the president s first Cyber Security advisor. Rudys very much of an expert on Cyber Security. Its been a very important thing to him and what he does. And maybe ill ask rudy to say a few words. Thank you very, very much, mr. President. First of all congratulations on what is a historic administration. Hes literally sitting right in front of you. Just one week after that really inauspicious introduction as the president s expert on all things cyber, Rudy Giulianis bonifieds became apparent. On february 7, 2017, the president s Cyber Security advisor found himself standing in line outside an apple store in san francisco. The reason, he was locked out of his personal phone because he had entered the wrong password too many times. Nbc news obtained a photo of the internal store memo recording the interaction with Rudy Giuliani. Quote, customer came in with an iphone that had Forgotten Pass code and phone had been disabled. Apple had to rerace his data and set it all up again. Trump had just named him as an informal advisor on Cyber Security but here he couldnt even master the fundamental of securing your own advice. Actual experts in Cyber Security were even more horrified. Theres no way he should be going to a commercial location to ask for that assistance, and another saying its unnerving to that think this individual has access to most powerful person in the world. And Rudy Giuliani exposed those potentially Sensitive Communications years ago. At the very start of the trump administration. The only reason we know about it now is nbc News Reporter rick a shapiro dug that up. And giuliani responded to nbc news in a tweet he edited at least once but doesnt make a ton of sense. Rudys very much of an expert on Cyber Security, its been a very important thing to him and what he does. And maybe ill ask rudy to say a few words. Thank you very, very much, mr. President. W words. Thank you very, very much, mr. President. This one grows fuel. Exxonmobil is growing algae for biofuels. That could one day power planes, propel ships, and fuel trucks. And cut their Greenhouse Gas emissions in half. Algae. Its potential just keeps growing. Its potential just keeps growing. You should be mad at airports. Excuse me, where is gate 87 . You should be mad at nonseasoned travelers. And they took my toothpaste away. And you should be mad at people who take unnecessary risks. How dare you, hes my emotional support snake. But youre not mad, because you have e trade, whose tech helps you understand the risk and reward potential on an options trade its a paste. Its not liquid or a gel. And even explore whatif scenarios. Wheres gate 87 . Dont get mad. Get e trade and start trading today. Theyre americas biopharmaceutical researchers. Pursuing lifechanging cures in a country that fosters innovation here, they find breakthroughs. Like a way to fight cancer by arming a patients own tcells. Because its not just about the next breakthrough. Its all the ones after that. To earn j. D. Power chevdependability awards. Across cars. Trucks. And suvs. Four years in a row. Since more than 32,000 real people. Just like me. And me. And me. Took the survey that decided these awards. It was only right that you hear the good news from real people. Like us. Im daniel. Im casey. Im julio. Only chevy has earned j. D. Power dependability awards across cars, trucks and suvs. Four years in a row. July 1974 with inflation shooting up and the Energy Crisis squeezing consumers president Richard Nixon asked and received time from the networks to give an evening address on his plan to revive the american economy. Of course as nbcs John Chancellor noted at the time nixon was making the speech smackdab in the middle of his own impeachment. The president has spoken on the economy on national television. He spoke actually during the dinner recess of the house jow dishiary committees debate on his possible impeachment. The president did not talk about the impeachment problems in washington, but these are rather unreal times. This week we learned the u. S. Economy grew in the third quarter. Andthality chart is a scary one for donald trump and the Republican Party. Because the economys near full employment the wage growth remains paltry. Theres now a manufacturing recession thanks in large part to the trade war. Growth appears to be slowing. So where the economy goes at this moment will inextricably be tied to the president s political fate. In nixons case a whole bunch of damning facts came out, but it probably didnt help him the economy floundered as well. For donald trump the slowing of Economic Growth should be cause for concern. Here with me now someone who helped steer that booming clinton economy who was secretary of labor under bill clinton. Where do you see weve got another rate cut from the feds from the federal reserve. They think theres a possibility of a slow down. We saw gdp growth not super robust. We know the economy is fear full employment. Where do you see things right now . Of course the big question mark, in fact the thing that has a lot of economists scratching their heads is how can you have such a low wage growth, adjusted for inflation when you have such low employment. We havent seen this in the postwar era. At the same time youve got an economy showing all sorts of signs of slowing down. And this must be as you said scary to donald trump and republicans. I mean, you know, halloween, this is night for scariness, but it goes way beyond halloween. I mean this is an economy that is not showing anything like the robust growth that was promised when trump and the republicans passed the tax cuts. It was up to 6 growth. Were now down to 1. 9 growth, and you have a shrinkage of Business Investment for the last six months. One of the arguments made on the tax cut, one of the prime ones is this will boost investment, investment will lead to higher growth which will boost wages. Listen to how often this argument was being made about Business Investment. Take a listen. But id say the real focus which is what the tax cuts act has been all about is putting more money in companies who settle all along who believe 70 of this will be returned to workers. First, well cut taxes for the every day hardworking americans. Second, we will make the tax code simple, fair and easy to understand. Third we will cut taxes on american businesses to restore our Competitive Edge and create more jobs and higher wages for american workers. What i can tell you is that every segment of taxpayers, every category of taxpayers on average gets significant relief. This plan is for the middle class families in this country who deserve a break. It is for the families out there living paycheck to paycheck who just keep getting squeezed. So we know that the actual tax cuts for middle class families were quite small and they will get smaller over time. The big cut for corporations the idea was were going to cut their taxes, theyre going to invest a lot, what has happened to Business Investment since we passed this tax cut . Business investment, almost nothing, chris. The big news there is that businesses used most of the tax savings to buy back their shares of stock, which created the kind of sugar high in the stock market for a time. And now that sugar high passed, the stock market did not do as well. But remember also that 80 of the value of the stock market is owned by the top richest 10 of americans which means that most americans, not only did they not get a wage increase but they saw no value, no gain from all those stock buy backs. Theres also this manufacturing recession, which is really fascinating to me because there was a manufacturing recession that happens in basically 2015 and 2016, and that had to do with sort of Commodity Prices and energy prices. And i think theres an argument to be made that played a role in that 77 vote margin across the midwest. Right now were seeing manufacturing in recession in those states in the industrial midwest at this point largely due to the trade war. Is that a switch that can be turned on and off if some big deal is struck with china . No, you cant turn it easily on and off because manufacturing unlike a lot of industries is really about bricks and mortar and machines and equipment. And youre either expanding or you are contracting. And if youre contracting as we are right now and 2,000 manufacturing jobs lost last month, you cant just turn it back on. You actually are finding that, and weve seen this historically when manufacturing starts to shrink, it usually continues to shrink for a while even if demand picks up. And thats because of the this problem that you need need capital expenditures, you need to coordinate a lot of things to expand your business and plan it out ahead of time. Exactly. You also need a certainty about the future and making all of this very, very difficult for manufacturers for other big investors in the private sector is they dont know what the future is. Theres so much more uncertainty now because of the trade wars and primarily the trade wars and all these manufacturing plants have supply chains all around the world. They dont know whats going to happen to any of this so that manufacturers are pulling in the reins. Thats a great point. Thank you. That is all in for this evening. The Rachel Maddow show starts right now. Thanks to you as home for joining us this hour as well. Happy halloween. I this year am obviously dressed up as an out of shape on the day the house of representatives voted to move forward on impeachment of president donald j. Trump it just happened to be halloween. It also happened to be a day when basically all of washington, d. C. Was gloriously floridly deeply hung over after the hometown Washington Nationals won game 7 of the world series, giving the nations capitol its First National championship since the only one it has ever won before, which was all the way back in 1924. If the nationals can win the world series, then my god, yes, in washington, d. C. Anything