And the north American Free trade agreement. Would americans hear a giant sucking sound of millions of jobs going to mexico . International trade for whose benefit. With the help of economic analyst richard gill, well find out on this edition of economics usa. Im david schoumacher. Nobody worried too much about the first japase cars to reach the United States. It w the heyday of the gas guzzler. As the nations Largest Consumer of steel, of glass, of rubber, the Auto Industry drove the economy. And since the days of henry ford, the american Auto Industry kept its hand on the wheel and its foot on the accelerator. Detroisold the big car. And american drivers bought it. High gas mileage didnt mean much to people used to 30 cent gas. 1973 changed that. War in the middle east and an oil embargo were followed by short supplies, gas lines, and skyrocketing prices. Higher gas prices de datsunsan. To some, importing Japanese Cars meant exporting american jobs. So why not just cut imports to sav
Those are just the most immediate steps. Importantly, this is a place that texas and fema will be involved in for a long, long time. We will be here until we can restore this region as back to normal as possible. Or as with where he discussed at our meeting earlier, we need to recognize its going to be a new normal, a new and different normal for this entire region. But we will not stop until we get as far as we can. I want to provide some important details and then pass the mike to senator cornyn and then to the national fema administer. But i want to explain a couple of details that citizens need to know about. As governor i have made a state disaster declaration for 54 contracts across the state of texas. In order for a disaster declaration to become a federal disaster declaration, it requires certain financial thresholds to be met. Those financial thresholds have been met in 18 counties. There are 18 counties in the state of texas i made a federal disaster declaration for that the
Outages and it will still be several days, perhaps before those outages could be addressed. Texas Governor Greg Abbott there and brandnew information on the strength of the storm. Lets bring in shanna mendio. What is the latest on this. I know it is down to a Tropical Storm. But that is nothing to take lightly. That is right, alex. Lets take a look at the currents on this storm. Downgraded to a Tropical Storm. And all that means is the winds have died down a little bit but the rain just embedded in this storm, enough to produce that heavy flooding that were expecting for the next few days. It is stationary. So it is not moving. That is a big problem. Because when you get rain over the same amount of area, at one time, again, that is a lot of rain that happens. And well expect this for a couple of days. Right now the location is 45 miles northwest of victoria, texas. Winds are dying down to 65 miles per hour. But Strong Enough again to uproot the trees and take down power lines and caus
10 00 a. M. Out west but it is high noon in texas and heres whats happening right now there. Many areas are bracing for widespread flooding as a weekend Hurricane Harvey dumps heavy rainfall, already totaling more than 20 inches in some places. The National Hurricane center is warning that catastrophic flooding could sweep many areas by wednesday. There are some strong winds still, now at 75 miles an hour. They are leaving a trail of devastation. Here were taking a look at some of the damage visible so far. Youre looking at rockport, texas, coming up shortly. Many buildings have been completely destroyed there. Also the National Guard is out on the streets in victoria. This is some of the damage they found there. Meanwhile, fema is gearing up for a search and rescue effort. We are awaiting, again, for the Texas Governor to begin a press conference any moment. Heres what he said about the response in an interview with fox news a bit earlier today. We are actively engaged today as we spe
Years, ten years from now as this is the way to do it. This was of epic proportion. Nobody has ever seen anything like this. I just want to say that were working with the governor and his entire team and its been an honor for us. Governor, thank you very much. And we wont say congratulations. We dont want to do that. We dont want to congratulate. Well congratulate each other when its all finished. But you have been terrific. And you have been my friend too for a long time. Well likely hear from the president again in this hour as he is in the Texas Capital city touring the states Emergency Operations center and meeting with state leaders. Lets turn first to our panel. Clint watts, Msnbc National Security analyst and former fbi special agent. Msnbc analyst and Time Magazine columnist, elise jordan. Eddie gloud. And White House Correspondent anita kumar and from washington chief National Correspondent for the New York Times magazine, Mark Leibovich. Lets start with you, mark. Considering