Transcripts for CNN New Day Weekend With Victor Blackwell and Christi Paul 20200606 10:50:15
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unprecedented but would be rare buzz white hou because they try to preserve the federal reserve but we know particularly sensitive to downturns in the stock market because he s characterized stock market rallies as proof of the success of economic agenda. sure has and at least one of the people begged the president not to do that publicly and probably privately as well. thank you so much. let s bring in two former trump advisers, steven moore, i was just talking about, a senior economics analyst for cnn and previously advised the president on economics and steve cortes, a political commentator and former head of the hispanic advisory counsel. i want to start with you about the notion of a powell/trump meeting. bringing in the fed chair to have a conversation. good idea or bad idea? first of all, let me say, maybe there is a santa claus when i see this 500 point rise
he gets credit somewhat? here managed not to end the obama economic recovery if we want to say that s an achievement. that s pretty low bar. one president got unemployment down to five. another managed to see it go from 5-4. okay. some of these stock market rallies and things like this won t go on forever, we have to look at the bigger picture especially here in the industrial midwest. they are experiencing true economic security. thank you so much for coming in. i appreciate it. great to be with you. say hi to my home state for you. the programming note. democracy in peril. the war on voting rights. that airs tonight, cnn takes a deep dive into the battles over voter access. still coming up, fear over jobs.
the failure republicans had on obamacare which has been a big negative for the economy. you got to get this tax cut bill done. i m a big advocate of it. i worked on that plan with donald trump on the campaign. i think you will see a big increase in growth in jobs and wages if we get that tax cut passed. if we don t get it passed, by the way, i think some of those record high stock market rallies, you will see maybe a sell-off if investors and businesses don t think the republicans can get their act together. ken, your degree of confidence that this tax reform can happen when reagan worked to reform taxes, it took years to do. he was far more popular than the current president. is it possible, are you confident that this can happen? it s hard to be confident about anything in washington these days so no, i m not confident. i do think the corporate tax reform, great idea. we have not just high corporate taxes, we have a bad system.
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