Transcripts For CSPAN Washington Journal 11242017 20171124 :

Transcripts For CSPAN Washington Journal 11242017 20171124

If you feel00 optimistic. At 202 7848001 if you are pessimistic. It you can also weigh in on social media. And you canitter reach us on facebook as well. Again, black friday. Where is the economy . As you go out today, 80 you will be one of the many who pick up a flatscreen tv. Streetalks, the wall tunnel joined at the hip nafta and cheap tvs. One of the biggest casualties of the trade scuffle between mexico and the u. S. Is one of the most consumer products, a cheap flatpanel Television Set. Every year, consumers by more than 40 million tvs and they are assembled in mexico. Just to give you a graphic of the spike in Television Set sales under nafta, the decline in price first of all of a 55 underv up near 6,000 now 1000 in many cases in 2017. The market share is rising as well. Your views on the economy. If you are optimistic, 202 7488000. If you are pessimistic 202 7848001. This is part of the conversation on trade, on tax reform when the Senate Returns next week. This is the front page of the New York Times. Will a tax cut raise wages . Some doubt it. Just a snapshot of the Labor Department where things stand in terms of workers in the u. S. As we talk to the economy. The bureau of labor statistics is talking about the longterm unemployed. It is 1. 6 million. The labor petition rate is nearly 63 . Lets hear from you. Joe is calling in. It i am optimistic. The tax for the rich people is not going to work. Make minimumat , we arethe middle class waiting for the trickledown. Middle class is becoming minimum wage workers and the rich are getting richer. The 1 is going to get richer. Its not going to work. Not owing to work. Host are you currently working . Caller absolutely. Absolutely. Ive been working for minimum wage all my life. I am still waiting for that trickledown. That was joe in laura. Virginia is next, we hear from floyd. Caller optimistic. My son was laid off for two years. He worked in the Mining Industry. He has been called back to work. Yesterday, they are calling people to work, trying to get people back to the mines. Its really picking up around here. We even had a hospital shut down during the obama administration. They are talking about opening it back up. Jobp is doing a real good and i hope he keeps up the good work. I hope he gets everybody back to work. Host your son is in the coal Mining Industry . Caller he is. He is back to work. All of my children, some of the others have been out of work. They are all back to work in different places. Thank god for President Trump. I pray he keeps up the good worse work. Host the present his family spent the next giving weekend in maralago. He spoke to troops overseas. The headline is in the wall street journal. He put his own unique twist on a day of traditional holiday activities during his first thanksgiving in office he talked about the economy. Here is what he had to say. The economy is doing really great. You will see the companies coming back into our country. The stock market just to a record high. Unemployment is the lowest it has been in 17 years. A lot of things of happened over the last very short amount of time. Like to Save Companies are starting to come back. Were not working on big fat vehicle tax cuts. Host the president spoke to troops from maralago in florida. Black friday gets underway, the traditional start of the shopping season. If you are optimistic, 202 7488000. Pessimistic is 202 7848001. Lets go to michigan. Not so keen on the economy. Tell us why. Caller i voted for trump. Back as he brought in all these people from Goldman Sachs and now weve got this tax plan that he wants to do it doesnt really benefit his face base. U. S. In 96 for the congress. Ran in 1996 for u. S. Congress. Onanted a moratorium immigration. Its basic supply and demand. I dont think i think this tax thing is a joke. The problem is over the next 20 years, 50 of remaining jobs in this country are going to be automated. It makes no sense to bring in more immigrants. Im tired of these with proagreements with countries like saudi arabia that have terrible human rights records, where they can buy up our businesses in the United States through programs. He really needs to hear this basicallyisch is not going to allow him to continue to blow this orange smoke up our butts. What needed, real wages of not gone up its 1973. People are suffering. We are shouldering a lot of laptops, cell phones, things we need. People are falling behind. Comes to his senses. They aremessage is getting ready to jump on him. Host we talked about this article in the New York Times about the tax plan, let me read you a little bit from that. They talk about whether this will actually create jobs, the pitch republicans are saying that the lack of pledges to create jobs is not been lost on the top Economic Advisor gary cohen who seem perplexed last week at the lack of enthusiasm. He asked his audience how many chief executives would invest more in the tax cuts were passed. Why do you think others are not willing to commit more investment and more jobs in raising wages . Caller isnt that the point . We see another golden shower, trickledown economics. Host here is compton, california. Eric is optimistic. Caller good morning. I am very optimistic. We are living through the great jubilee. They are trying to pass a tax cut on us and we should be getting debt relief. Jubilee wipes out all that. It should all be wiped out. They are trying to pass a giant Corporate Tax cut. We need debt relief. If we get the debt relief, wipe out all that, everybody would have money. It is the darkest of times because we are being selfish. Great, would do its the paid host traditional start of the holiday season. We are acting you asking you if you are optimistic or pessimistic. Robert still, missouri is a next. This is brian who is pessimistic. Caller thank you, cspan. I dont believe anything they say. The tax cut is not going to bring jobs back. The real wages arent going to happen. Our government is run by a minority party. The only reason they are in power is because the least amount of votes wins. Until they change that, we will not have a real democracy anyway. The republicans bankrupt us every time they get into power. Its going to happen again. Its going to crash and everybody is going to be crying. Aboutt remain very good the economy. Thank you, cspan. Host the front page of the wall street journal, they have a picture of the traditional macys day parade. The thanksgiving tradition sales on. This is look at some of the security measures. Shoppers flock to phones. They shunned flat black friday for the mall in the pocket. Kim is in virginia. Good morning. Becausei am optimistic in our economy, we go through ups and downs normally. In the long picture, we grow. The poll of one day on the television said its not speaking to what the real economy is doing. Addressing to the facts and not to political opinions. Host you think the politics of the last year has made the economy or optimistic . Is that because of the actions of the administration . Caller no. The Trump Administration is running it better than normal, but that has nothing to do with it. Grows,cause the economy it gets bigger, it moves on. These political polls do not in any way speak to the dynamics behind the economy. They speak instead to partisan political viewpoints held by people who are following identity politics rather than real economy. Host using this black ready to gauge her feelings on the economy. Are you optimistic or pessimistic . We have some numbers from the euro of labor statistics. They keep track of labor and job figures. In the food service industry, be getting out of hand. Say we will have more money to spend. We dont have more money to spend. Hospitals ors to drugs or medical bills. We dont have the privilege of getting the tax breaks that the rich people do. Buy a tv or more close. Those are things that are thats the on us thing that got to get to to find out. There was a time when somebody asked the president what is the price of a gallon of milk . He didnt know. Host a number of years ago. Caller its the Little Things that are sneaking up. Now theye poor section say we are only going to get 5,700. Host are you still working . Caller i retired lowerclass area i dont get very much. I just get my Social Security and thats it area thats not much. Host less and less each much because the bills you have . Caller thats what i mean. Its not the big bills that the senate looks at. Its the ones that are sticking up behind your back it people are looking at. Host thanks. Alvin is in missouri. He is optimistic. This rally wek are having, its based on an anticipation. If we really want to get things we need to enact some 501 c 3 s. O more host what do you think that would do . Caller i think what it would do is make people a little more honest as far as charity. You dont do it for a tax rate. If we can do that, i believe we will get businesses tax break with militant roles. A corporate patriot act, that is very essential to the survival. Host the tax debate will resume in the senate asked week when they return. The houses passed its version. Civil action will be next week. Of tax cuts are the focus the administration, including the chairman kevin hassett. To repair a badly broken Corporate Tax system. We need to have a corporate reform in the u. S. Because we are chasing capital offshore. We will get a surgeon Capital Spending in the u. S. Now we dont know what the assumption is, if you , that 15 s by 15 reduction should increase Capital Spending. All those comments are available at www. Cspan. Org. Host the Washington Post is writing about this. The Child Health Fund dries up and the program may and in some states. Officials in nearly one dozen states are notifying families that a Crucial Health Insurance Program for lowincome children is running out of money for the First Time Since it nation two decades ago, putting coverage for many risk. Congress aces in deadline to extend funding for chip. Youngsters andn pregnant women nationwide receive care because of it. Many states can keep their individual programs afloat for a few months, but five states to run out in december. , otherskers do not act will exhaust resources the following months. The crunch which comes despite the bipartisan support as dismayed Childrens Health advocates. Are you pessimistic or optimistic . 202 7488000 for optimistic generally. 202 7848001 for the pessimistic line. Charles is in louisiana. Good morning. Go ahead. Caller this trickledown economics is the stupidest thing that was ever perpetuated on the american citizen. If you took all the money from the 1 of the richest people and give it to the 50 of the poorest people, every business would boom. They would sell more cars and more comics and more houses and were everything you you dont hire people to work when you have money in the bank. You hire people to work in your selling your product. Its upside down of what it realistically is. Next, he is also pessimistic about the economy. Caller good morning. We are at the end of the beginning. The elites are sucking this dry. They are taking every last drop of milk they can get out of this country. They have no loyalty to the United States. They left. They left the American People in dirt. Reason, weve been tricked into thinking that wall street is the state of the economy. It is absolutely not area it is not main street. The whole idea behind these tax rightthe other fellow was about the little bills. These are just more money to keep corporations feeding off the American People. We need to be ready to stand up when its time to stand up. The crap is coming. Host we are asking your view about the economy. This is lizzie. Overseas, another president is taking office. In some bobwhite, is sworn in as president. He was sworn in today is resident of zimbabwe. Doug is pessimistic in ohio. I think, there are only 30 percent of the people support the tax cuts from the republicans. 0 of the people its a work the tax cuts the tax cuts. They dont care about what the people have to say. They are going to do what they are going to do it do. That is part of why i am pessimistic. People, thats almost one in five, still a money from what they spent last christmas. Make me feel to pessimistic about the economy either. Host you are calling new trade deals for the United States. We were talking about flat screens and nafta. Here is President Trump earlier calling on better and better trade deals. We will never turn a blind eye to trading abuses to cheating economic aggression or anything else from countries that profess a belief in open trade, but do not follow the rules. No International Trading organization can function of numbers are allowed to ask lloyd others for unfair gain. Trade abuse has harmed the United States. We will take every trade action necessary to achieve a fair and reciprocal treatment that United States has offered to the rest of the world for decades. My message has resonated. The leaders for the First Time Ever recognize the of ortons affair and reciprocal trade. The wto is in strongly of warm. These leaders noticed we must do a better job following the rules. His 12 day asian trip. We are asking your thoughts on the economy. Are you optimistic or pessimistic . 202 7488000 if you are optimistic and pessimistic 202 7848001. Usa today is writing about Small Business saturday. That marches to its own the. Beat. Small business saturday has become less about the big educatingd more about about the small merchants and their own backyard. Back to calls. Benjamin is pessimistic on the economy. Caller i appreciate you taking my call this morning. This tax cut is going to put our economy 1. 5 trillion in debt. If they would take this 1. 5 give it tod taxpayers making less than 50,000 a year, they would take that money and spend it. Its going to create jobs because what they buy has got to be replaced. That is my comment. Host gary is in illinois. Caller good morning. I just wanted to make a couple of comments. Increased ma right before the christmas they doubled the onerest rate from 3 to 6 college loans. Nobody really took that to task. Now they want to eliminate the writeoffs on Student Loans with this new tax cut. Bringing jobs back to the United States, i dont see that happening. What happened was the federal deserve printed 15 trillion to back stock the banks and went money to operations. Money and take that keep buying back their stock shares and inflate their stock prices. They dont have to make new products and hire people. Flat for whoges knows how long. Thats about all i have to say. The Federal Reserve is been a big problem. Cdsle getting returns on and the like, you cant make money anymore. Its a terrible system. Host he mentioned former president obama. This is a story in new orleans. A woman was charged with mailing explosives to greg abbott and obama. Comments on twitter, are you optimistic or pessimistic about the economy on this black friday . Somebody out there has done there black friday shopping already. Colorado andom charlie who is optimistic. Economylook at the since the crash, weve been coming up at a steady pace. There is nothing that trump has done, if you look at his executive orders, to get the economy going better. Cuts, i wouldtax implore the go back and look at what happened during the reagan era. Recently what is happening in kansas, kansas is a microcosm of what republicans want to do and this idea that you are going to cut the written tax rate and they are going to invest in business is a fallacy. Its not going to happen. Our debt is going to explode. We keep chugging on. Cure theally want to problems, what we need to do is invest in infrastructure and education. When i grew up, there were three tv stations. There are computers all over the world. Our competition is not here anymore, its a around the world. Year,is to make 50,000 a a robot does that now. You will have to see the College People making over 1 million a year in a lifetime over noncollege educated. We need to train people to run robots. There are plenty of jobs out there. They are there. Just look. Go out there. Trained jobt have a force. Host let me ask you about that. You did not give it to President Trump in terms of the economy. Do you believe the growth we have seen the sheer is due to business reaction to the president . Manufacturers optimism to the president , not necessarily to the policies . Caller i think there is a little pop given to him for that. If you look at it rum 2009 onward, its been a steady growth. You dont see some giant uptake in the economy. A lot of people believe the lack of regulations will create things. Its an illusion. Its a tried ballistic belief. Tribalisticc believe. You hear people talk about how they dont have jobs. Remember john henry . The machine came and replaced him. Host lets go to florida. Good morning. Caller thank you for all you do cspan. Its a great service. As far as being optimistic, i think we should have a third category of being realistic. I am here in delray beach, its a huge senior population. As far as jobs go, i used to work at ibm down here. This is where we created the personal computer and gave bill gates the operating system. Actionas an antitrust taking place against at t and ibm the same time. They left ibm alone. In 1985, manufacturing left boca raton and went to ireland in mexico. And mexico. Jobs havehe disappeared. Fastforward to where we are

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