strong dollar means that americans are in a position to buy more overseas. now, here s the good side of that. whenever anybody gets our dollars, they have to do something with it. and if they invest in our country in plant and equipment with the dollars that we use to buy their products, that helps build a stronger economy. right. the problem is when countries like china own our debt. now, the other deficit we have to think about is the national debt because there is this ridiculous debate going on in america today that it doesn t matter that we have a $22 trillion deficit, it doesn t matter that we run in the hole. of course it matters. it means that our children and those who are not yet even born are going to have to pay for the debt that we re ringing up today because we don t have the guts and the gumption to be able to manage our store, to bring about reform, because when this deficit explodes, over time, we will have interest on the national debt, chris, that will be more th
he gets some kudos for that. sure. absolutely, because that means that he will have made some structural changes. look, there s a debate out there about where this is going to end up. i thought about it chris, the day after the korean summit broke up, i mean with north korea over in vietnam. what i thought about right then is what does this do for the china negotiations? and i don t know. the jury is out on where they re going to come down. it could be that china says, oh, we ll buy more soybeans or whatever. but what we re looking for are the structural changes that must come vis-á-vis china, and can we be in a position of where we can say, yep, we really have got some significant changes, even on currency manipulation, which is another issue that s related to trade. mm-hmm. we sound like a couple economists here. people are not that interested in economists, you know? listen, one thing i ve learned, gov, it doesn t matter if it s what people want in the moment if it s what
you know what i mean? there s enough sugar in the news right now. this stuff is going to matter. it s going to matter in the election. it s a challenge for the democrats. how do you offer a better deal than the president has? the boxes are going to be about taxes, regulations, and trade. yep. here s another thing, chris, that we really need to understand, and that is when we re imposing tariffs on the canadians and we re beating up our european allies, when the time comes when we need something problem. when the time comes that we need them to kind of reach a little bit, when we are punishing them economically and not getting along with them, they re not fools. at some point they re going to say forget it. we re not going along with you. yeah. and that s the danger and the danger of walking away fundamentally from free trade, which has raised more people out of poverty and given this world a lot more than what we ve lost. the trade debate is important. people stopped arguin
them in a lie. it s not a perjury trap if you ask somebody a question that they don t want to give an honest answer to. right. as i said to michael caputo, i get why you re worried. i get it costs you a lot of money. that sucks. i m sorry for him and his family if he didn t do anything wrong. but blame the president because he s the one who sparked these lies, who lived this life with all this intrigue around him. i got to go but berit and ross, well argued. you got a quick point, go ahead. what do you got, ross? just very quickly, chris. what do you got? in terms of perjury, there are people who forget things, who misremember things. i promise you, chris. here s the challenge. give me full access to your e-mails and give me one hour with you, and i will get you to say something that is not 100% true. that s not a lie, though. it is very hard. it s not a lie. if i have faulty recollection, that s one thing. if i know the answer and you can show it, you re not going to get
violate programs of our country. short-term politics it seems as though no one is paying any attention. they re paying attention, but they re paying more attention to the next primary. that s why you saw fiscal conservatives in your party go for a tax cut that any no matter how deeply you believe in trickle down, that s never worked, and now here we are. chris, my view on that is that frankly that tax cut should have been used to help the middle and lower income people. that s what it was called, right? secondly, the tax cut has contributed to economic growth, but it hasn t paid for itself by a wide margin. so the fact of the matter is when you re not paying for it, then you balloon the deficit, and ultimately it comes back to get you. now, this sounds like really economics and all that, the trade deficit. but here s what we need to know, particularly about our national debt. as the national debt goes up over time, the number of jobs that we have in our country goes dow