i would think that there are some things he could say that even he knew at a basic level to kind of present to the public. he talks about the tax cuts that people didn t feel. what can people feel from the economy right now? well, what they are first of all, there are people being left behind. you talked about that yesterday in the story, something democrats should be exploiting. beyond the headline numbers, things aren t that great. but the headline numbers you know, there is a saying, it is the three, three, three economy. 3% wage growth. 3% unemployment. 3% gpd growth. those are really pretty strong numbers in the context of what s gone on before. trump doesn t seem to be able to capitalize on that. the democrats should be talking, as you said yesterday, about all the people who are left behind, because below the headline numbers, there are people left behind. from trump s point of view, the great advantage is that right now, the newspaper headlines are
scoring in order to make up $4 trillion, but economists will look at that. there is another aspect of this that is interesting to and it has to do with the pass downs which basically mean all businesses would be included in some of the tax cuts and the new york times says will give democrats a tailor made line of attack. i think we could probably put the cnn count down clock here and it will be within the hour we will hear about democrats on this. i think democrats already had a tailor made line just talking about what david was saying a moment ago. there is a lot of skepticism even privately among republicans that you can go from less 2% to over 3% gpd growth just based on dropping the corporate rate, potentially cutting the top marginal income tax rates and then add on this idea of, you
necessarily wouldn t generate the kind of growth the administration is hoping for. and that s exactly what happened in 2004 with the big tax holiday. they did not add jobs. the biggest companies cut jobs and they bought back a lot of shares and the money went back to their shareholders. will it be different this time? in the meantime, president trump is unleashing on twitter this time. he is targeting the judiciary bran after an effort to strip funding from sanctuary cities was blocked. he wrote first the ninth circuit rules against the ban and now it hits against sanctuary cities. see you in the supreme court. and then out of our very big country with many choices has everyone noticed that both the ban case and now the sanctuary base brought in the ninth circuit, which has a terrible record of being overturned. busy writing from the president
it would be paid for via economic growth. maybe. and that well, according to the administration, their argument is that economic growth would pay for this. but as i was about to get to, a lot of republicans who do actually believe in dynamic scoring, and that s the technical term for this, are themselves concerned that that is, in fact, not the case. and, so, i think that this is going to be a lot more politically tricky than the white house might assume or maybe they re prepared for that. but here is the larger question, poppy. to me it is interesting. the secretary is not just promising a large tax cut. he s saying that what they re going to do is the largest tax reform in u.s. history. and, so, i want to see today if they actually propose tax reform. in other words, are they going to propose eliminating a lot of deductions and carve outs that are popular with many constituencies and republicans on capitol hill because reform
reduction in china s growth was associated with a 10 point decline in oil prices and half point increase in global gpd growth. while it s clear that the chinese economy is in a downturn, joe lupton from jpmorgan chase says we shouldn t think of this as a traditional collapse in the making. even the government can and will avoid a crisis no matter what, just as it has done in the past and it has plenty of cash to spend. still, the credit binge will way on china s economy for years to come, he adds, and it s not a pretty picture even if it s not a picture of collapse. but even if china weathers the crisis, what happens to so many countries from brazil to australia, that have gotten used to a turbo charged china buying all of their goods?