not continue this trade back and forth with china. i should point that in a week or so we will hear from chairman jarome powell, interesting to measure impact not just on markets but also chance to gauge the white house s reaction, the chairman to speak on friday. we are also looking forward to housing numbers, new home sales, i think that s on a wednesday, i will check the metrics on that and see what the president working with negotiators on talks with china, interesting week, back to you, my friend. leland: the president flies back in a couple of hours. kevin, thanks so much, molly. all right, let s bring in republican oklahoma congressman and ranking member of the house rules committee tom cole, congressman, thanks for joining us on this sunday, we appreciate it. thank you. a lot to talk about the economy, pretty good rundown of
so, you know, there are a radical element this is taking advantage of the ideological bent of the media, and it s unfair to people. but as thomas jefferson said, the people come through. the people will be smart enough to figure this out. i hope that s true. maria: yeah. i mean, i agree with that sentiment. this dysfunction is certainly not serving the people, that s for sure. secretary, before you go, a word on housing. we just saw housing numbers which showed that home ownership in the black community is now at an all-time low while hispanics are actually driving the housing market, increasing numbers in terms of home ownership. can you characterize what you re seeing? we re about to speak with the chairman and ceo of bank of america, largest mortgage originator. i d like to get your take in terms of housing before we speak with mr. moynihan coming up on the program. yeah. interestingly enough, black home ownership has declined significantly because of the
you know that when you look at the housing numbers, when you look at auto sales numbers and those loan figures as well. you advised john mccain on all things economy during his presidential bid in 2008. as you know he took a big hit when he said the fundamentals of economy are very strong. i wonder if there is a warning for this president. his polling numbers are 10 points higher than how he s handling the economy than on his overall approval rating. so i think it s very difficult political territory to navigate. let s face it, if you are in the home building business, the fundamentals of the economy are not sound. your point is exactly right. we have a really weak housing sector. that s among the kconcerns. they don t need me to say we are going into a recession. but you have to simultaneously express the confidence in the
point. you don t have to admire this president. you don t have to even like this president to acknowledge the obvious. and the obvious is that too many reporters want him out of office. they hate him. and the sooner he goes, the better. so they are more willing to accept anonymous information that later proves to be untrue. they relinquish their role as skeptics and become gullible patsys and the mistakes are all going in one direction. if they re honest mistakes they ought to go in both directions, that s the law of averages. leland: if we assume that your point is true, that there are reporters who are out there biased against the president, at the same time we ve got facts. we have the dow at a record high. just a breaking story on the a.p. that housing numbers hit a new high in november. and you have all of these great things happening.
and they probably like it that way. yeah, you are right. democrats have been banking on the idea that the public would buy the argument that this would not trickle down to employees. that seems to be blown out of the as you know study after study suggesting this is going to help the middle class big time. the proof is going to be in the pudding. time has to play out here and in the months ahead we will see whether or not the middle class feels it and whether some of those poll numbers that says basically say the public doesn t like this tax cut whether or not the those numbers turn. martha: housing numbers retail numbers. proof will be in the pudding whether or not people have more money in their pocket more disposable income and put that money to work in the economy. very interesting to watch in 2018 as we head towards those mid terms how all this reverbal united states. good to see you. good to see you, martha. martha: marines training hard in below zero temperatures. look at