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Detailed text transcripts for TV channel - MSNBC - 20180307:12:04:00

Daniel dresner. he s going to punch you in the nose. in new york, mike barnacle who will probably agree with chris and also we have tv s own willie geist. dan actually brought you on to explain, if you will, that if there are people in pennsylvania that think this is good for them or are people in ohio think this is good for them, talk about the tradeoffs. how do these tariffs hurt working class americans when they go to buy things in walmart, in sam s club, in their grocery store, when they go to try to get a used car to give to their kids when they re about to drive off to college. so basically these tariffs hurt ordinary working class americans in two ways. the first is they re going to raise consumer prices. the price of every steel-using industry is about to go up, which even people like wilbur ross and peter navarro acknowledge. they claim, it s just a small text. ....

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Detailed text transcripts for TV channel - MSNBC - 20180307:12:11:00

Americans are farmers. no one thinks america is not a power house right now. 2% of americans work in that sector, the reason is that we re so productive at it. the idea that you ll somehow blame other countries for what is essentially a productivity revolution is absurd. i would add one other thing on this which is to say that donald trump somehow seems to think that running trade deficits is a sign of weakness, a sign that america is losing. there s one other economic block in history that practiced the notion that we only have to have sort of a complete trade balance which each participating country. that block was comicon led by the the soviet union. this policy will not benefit the united states and if it leads to a wider trade battle then frankly voters in pennsylvania might actually recognize that whatever small temporary advantage they ve gotten from the tariffs have actually nonetheless caused larger widespread damage to the american economy. by the way, let me just say to th ....

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Detailed text transcripts for TV channel - MSNBC - 20180307:12:10:00

Quit saying that the steel industry is in trouble. the problem is workers in the steel industry are facing a challenge. and the answer to that is not boosting the steel industry. the answer to that is boosting other sectors where these people can get good jobs. the president proposed an infrastructure program. that s one way you could do this. so dan, if detroit could if detroit could somehow build all the cars that americans drive in this country, it wouldn t be like 1955, it wouldn t be like 1960. i heard some remarkable stat that if you just looked at the number of people that worked in general motors in the early 1980s, if you had more people employed then than you have in all these high-tech jobs in silicon valley that we rave about day in and day out. that s largely correct. what s happened essentially is manufacturing has gone the way of agriculture. you remember 150 years ago most ....

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