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ben with me in new trump stock market rally is very good but still lags obama and clinton. put this into context with us. the market side and we ll get to the economics in just a sec. sit s been a great year for stocks. we re almost up 30% on the s and p 500. it s shaping up to be potentially the best year since 1997. so people feel that, they see that when they open their retirement statements or take a glance at the stock market and president trump loves that. but when he says this is unprecedented or historic or the best ever, he tweeted on friday, that he is beating other presidents, that s simply not true. the returns under both president clinton and president obama three years into their presidency were a bit higher than where president trump is now. but he has a lot of good talking
compelling economic message as a contrast to that president trump is provided? i will start with that piece. i don t to the habit as long as the economy is good everything democrats in 2020 you re talking about are fundamentally opposed to where the american people are. you do not want to restrict an economy that s working for those people. on the first piece, predictably i think the answer is both. it is extremely good for negotiation purposes. i think we ve got china basically confused about how to get out of this because they need a solution as much as ours does. but on the market side is not great. you can see the markets react to sort of ongoing, lack of clarity about where the offramp is to china. i think they have to do that. the other thing that to jason s point, their multifaceted approach to what we are doing. nancy pelosi will not pass tax cuts for the american people period. which might under enough pressure possibility the usmca
trump is provided? i will start with that piece. i don t to the habit as long as the economy is good everything democrats in 2020 you re talking about are fundamentally opposed to where the american people are. you do not want to restrict an economy that s working for those people. on the first piece, predictably i think the answer is both. it is extremely good for negotiation purposes. i think we ve got china basically confused about how to get out of this because they need a solution as much as ours does. but on the market side is not great. you can see the markets react to sort of ongoing, lack of clarity about where the offramp is to china. i think they have to do that. the other thing that to jason s point, their multifaceted approach to what we are doing. nancy pelosi will not pass tax cuts for the american people period. which might under enough pressure possibility the usmca which will have huge impact on
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