that s where he goes. he goes down to the personal level. what s he going to do? pocahontas isn t working anymore. she s climbing in the polls. he seems like he s a little afraid of her now. you see inside the administration real adjustments on the economy. they re trying to pressure the federal reserve to cut the interest rate. they see on the left it s not just about a seasoned hand in videotape biden, economic populism just like it took hold in the republican party is taking hold in the democratic party to some extent. senator warren is really gaining and i think the white house is paying attention. she is dear to hiscary to hi, right? i think it s split. she s on message. she s authentic. she s a good debater, but they think her policies are too far to the left. they can both we true. thank you, shannon pettypiece and robert costa. up next, a dangerous split in the democratic party in massachusetts, the bay state. you re watching hardball. wat.
increasingly worried the economy won t look so good come election day. i m joined now by former u.s. congressman barny frank of massachusetts. the white house reporter for npr and charlie sykes is editor and chief of the bulwark. i don t know what he s talking about, the bureau of labor statistics, the congress department run by his friend wilbur ross, where are these phony numbers coming from? well, donald trump always wants to have his own reality, right? and, unfortunately, he knows he owns the economy. this is the strongest card he has for re-election. how else is he going to explain this except there are people plotting against him. don t pay attention to what your eyes are telling you, listen to what i am saying. this is a very dangerous situation for a president of the united states who insists on having his own alternative reality. of course you have the cognitive dissonance. if there is no recession, why is he pressuring the fed for 100 basis point rate cut? why are his staf
i mean, trump retires the trophy as the uber kingsian of all time. he has done more to stimulate in the short term the economy with fiscal deficits and tax cuts. and here s the problem. one logical thing to do right now would be to begin to implement a good infrastructure program. yeah. to provide employment. to provide employment to people who didn t necessarily go to college. to increase the productivity. the problem the fundamental pre-em problem is he spent the infrastructure money on the tax cut for the very rich. thank you. the argument was this would improve productivity. they ve gone away from that. remember, the argument was if we get the tax cut for corporations, we ll get 3% growth. no one thinks that s coming. so the fundamental curse that this administration inflicted on itself was in the first year to take the money that should have gone for a sensible infrastructure program, there could have been a bipartisan one, and put it into a tax cut for the rich which ha
targets to blame for the anxiety. earlier today trump attacked democrats as well as the chairman of the federal reserve he appointed, writing on twitter, our economy is very strong, despite the horrendous lack of vision by jay powell and the fed, but the democrats are trying to will the economy to crash for now the new york times is reporting in making those attacks the president is, quote, lashing out at what he believes is a conspiracy of forces against him. in private conversations with aides and allies, trump s insisting that his critics are trying to take away what he sees as his calling card for re-election. the associated press reports that the president is even wondering if the media and establishment figures are manipulating the data to make him look bad. according to two republicans close to him. this comes as a new survey today
short-term effect and no long-term benefit. ayesha, the same way the former congressman puts it, i think you only have a few tools in your chest. you can cut spending. raise inflation. cut taxes during a potential recession you can work monetary policy to some extent to create more money. if it s going to be invested. right now i m hearing the country, the rich people are swilling, swirling with cash. they don t want to invest it. they don t believe in it. they don t want believe in this rock em sock em economy of trump s. they bought back stock at the corporate level. they benefitted from it in terms of their own wealth. you buy back stock, you own more, right? yeah. everything worked out for them. now we have a situation with no more tools. facing perhaps economic trouble. and that s the fear, is what happens now if there is a recession, is president trump, is this administration ready for it? and this is not an administration that has been great with crises and usually it