i said, exploded, more than tripled during the pandemic but it was rising sharply under trump in large part because of his major tax cuts. in 2015 and 2016 under president obama it was $485 billion. under trump it kept going up. so, yes, we should be skeptical of president biden s own deficit boasts, but it s not like president trump and republicans have some sort of high ground here. daniel dale, as always, thank you for making sense of it all. thank you. president biden will deliver a speech tomorrow on inflation. as his administration looks to further address one of the biggest concerns for voters ahead of the november midterm elections. a cnn poll last week found eight in ten u.s. adults felt the federal government wasn t doing enough to combat inflation. joining us is former chairman of council of economic advisers
Transcripts for CNN New Day With Alisyn Camerota and John Berman 20200422 12:40:30
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Transcripts for CNN New Day With Alisyn Camerota and John Berman 20200422 10:42:30
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came up w. innovative solution that would still preserve many of the most important exont components of obamacare. draconian penalties, saving about $300 billion in taxes. 485 billion in spending. the big feature of graham-cassidy that s been very ache attractive to a number of governors is block granting to the states. people closest to the folks in need can decide how to best administer those funds. let s get the money closest to the pacialght. and let s remember why we are doing this lady and gentlemen. because we are doing this because 29 million americans do not have healthcare. we are during it because they were lied to about keeping their plan and keeping their doctor. we are doing it because 6.5 million americans just last year paid $3 billion in taxes and penalties rather than get basic obamacare. premiums have skyrocketed. deductibles are out of control. this also graham-cassidy was also had the most massive expansion of health savings accounts in our
are down 15% largely because of the drop in oil. can we talk about the growth of walmart quickly. great list as always. 485 billion in projected sales this year. it was quote, just 82 million back in 1995. so in twenty years, walmart has grown its sales by almost 500%. how have they done that? selling more stuff. every day low prices sam. i just thought it was funny, brian said all of these companies are in china are government owned. walmart runs our government right, they get whatever they want from our government so does exxon, basically. why am i surprised that voekz wagen is bigger than toyota. they are bigger than you think. they have a lot of companies under their umbrella. and toyota that s a fair question but the auto companies are all getting bigger as the consolidation is happening. are there any industries oil is huge any industries that