Rpt: Aides “Alarmed” By Erratic President Donald Trump Behavior | The Last Word | MSNBC


THIS WEEK, THAT WAS BUYING GREENLAND, TODAY WAS A STRONG GREENLAND, TODAY WAS A STRONG REMINDER THERE IS ALSO MORE REMINDER THERE IS ALSO MORE CHAOS AROUND THE CORNER WITH CHAOS AROUND THE CORNER WITH THIS PRESIDENT. THIS PRESIDENT. LEADING OFF OUR DISCUSSION LEADING OFF OUR DISCUSSION TONIGHT, A CNBC CONTRIBUTE TOR, TONIGHT, A CNBC CONTRIBUTE TOR, SENIOR FINANCIAL CORRESPONDENT, SENIOR FINANCIAL CORRESPONDENT, OPINION WRITER AT THE WASHINGTON OPINION WRITER AT THE WASHINGTON POST. POST. JARED BERNSTEIN, YOU HAVE SEEN A JARED BERNSTEIN, YOU HAVE SEEN A LOT IN YOUR LIFE AND WORK IN LOT IN YOUR LIFE AND WORK IN POLITICS AND IN BUSINESS, IN POLITICS AND IN BUSINESS, IN ECONOMICS. ECONOMICS. THE PRESIDENT STARTING A WAR THE PRESIDENT STARTING A WAR WITH THIS FEDERAL RESERVE CHIEF, WITH THIS FEDERAL RESERVE CHIEF, COMPARING HIM TO THE LEADER OF COMPARING HIM TO THE LEADER OF AN AUTHORITARIAN NATION IS AN AUTHORITARIAN NATION IS SOMETHING I HAVE NEVER SEEN. SOMETHING I HAVE NEVER SEEN.>>YEAH.>>YEAH. I GOT TO SAY I DON’T PAY CLOSE I GOT TO SAY I DON’T PAY CLOSE ATTENTION TO A LOT OF WHAT TRUMP ATTENTION TO A LOT OF WHAT TRUMP SAYS BECAUSE IT’S OFTEN SAYS BECAUSE IT’S OFTEN MEANINGLESS. MEANINGLESS. BUT THAT ONE JUST GOT DEEPLY BUT THAT ONE JUST GOT DEEPLY UNDER MY SKIN, MUCH AS I DID IT UNDER MY SKIN, MUCH AS I DID IT DID YOURS AND HOPEFULLY MANY OF DID YOURS AND HOPEFULLY MANY OF YOUR VIEWERS AS WELL. YOUR VIEWERS AS WELL. I HAVE KNOWN JEROME POWELL FOR A I HAVE KNOWN JEROME POWELL FOR A WHILE, BEFORE HE WENT OVER TO WHILE, BEFORE HE WENT OVER TO THE FEDERAL RESERVE. THE FEDERAL RESERVE. THIS IS A GUY WHO HAS BEEN A THIS IS A GUY WHO HAS BEEN A THOUGHTFUL AND DEDICATED PUBLIC THOUGHTFUL AND DEDICATED PUBLIC SERVANT FOR AS LONG AS I HAVE SERVANT FOR AS LONG AS I HAVE KNOWN HIM. KNOWN HIM. AND FOR TRUMP, WHO IS, AS YOU AND FOR TRUMP, WHO IS, AS YOU HAVE SAID, DELIVERING THE CHAOS HAVE SAID, DELIVERING THE CHAOS AND THE CRAZY AT A RATE THAT’S AND THE CRAZY AT A RATE THAT’S MASSIVELY ACCELERATED FROM WHAT MASSIVELY ACCELERATED FROM WHAT WAS ALREADY TOO MUCH TO TAKE, WAS ALREADY TOO MUCH TO TAKE, FOR HIM TO COME AFTER POWELL FOR HIM TO COME AFTER POWELL THAT WAY IS — IT’S BEYOND NORM THAT WAY IS — IT’S BEYOND NORM BREAKING. BREAKING. IT’S JUST REPREHENSIBLE. IT’S JUST REPREHENSIBLE. AND AS YOU ALSO CORRECTLY POINT AND AS YOU ALSO CORRECTLY POINT OUT, JUST GETTING BACK TO THE OUT, JUST GETTING BACK TO THE ECONOMICS, NOW HE’S TAKING HIS ECONOMICS, NOW HE’S TAKING HIS CHAOS TO EUROPE TO MEET WITH CHAOS TO EUROPE TO MEET WITH OTHER INTERNATIONAL LEADERS AND, OTHER INTERNATIONAL LEADERS AND, LOOK, BASED ON WHAT WE’VE SEEN, LOOK, BASED ON WHAT WE’VE SEEN, I DON’T SEE HOW THAT ENDS WELL. I DON’T SEE HOW THAT ENDS WELL.>>JENNIFER RUBEN, IT’S LIKE PIG>>JENNIFER RUBEN, IT’S LIKE PIG PEN. PEN. HE HAS A SWIRLING CLOUD AROUND HE HAS A SWIRLING CLOUD AROUND HIM. HIM. I HAVE COVERED G-7s. I HAVE COVERED G-7s. I NEVER HEARD THEY DECIDED I NEVER HEARD THEY DECIDED BEFORE THE WHOLE THING STARTED BEFORE THE WHOLE THING STARTED THAT THEY’RE NOT PUTTING OUT A THAT THEY’RE NOT PUTTING OUT A JOINT COMMUNIQUE BECAUSE THERE JOINT COMMUNIQUE BECAUSE THERE IS NO POINT. IS NO POINT. HE SAID MR. TRUMP’S WILD AND HE SAID MR. TRUMP’S WILD AND UNSCRIPTED PRONOUNCEMENTS ON UNSCRIPTED PRONOUNCEMENTS ON FRIDAY RENEWED QUESTIONS ABOUT FRIDAY RENEWED QUESTIONS ABOUT HIS STEWARD SHIP OF THE WORLD’S HIS STEWARD SHIP OF THE WORLD’S LARGEST ECONOMY. LARGEST ECONOMY. EVEN SOME OF HIS OWN AIDS AND EVEN SOME OF HIS OWN AIDS AND ALLIES WERE A ALARMED BY HIS ALLIES WERE A ALARMED BY HIS BEHAVIOR SEEMING IT AS THE BEHAVIOR SEEMING IT AS THE FLAILING OF A PRESIDENT FLAILING OF A PRESIDENT INCREASINGLY ANXIOUS OVER THE INCREASINGLY ANXIOUS OVER THE DARK CLOUD. DARK CLOUD. WE WERE ALL THERE FOR 2008. WE WERE ALL THERE FOR 2008. NONE OF US WANT TO BE THERE NONE OF US WANT TO BE THERE AGAIN. AGAIN. IF AND WHEN RECESSION COMES IF AND WHEN RECESSION COMES BECAUSE IT IS LIKELY IT WILL, BECAUSE IT IS LIKELY IT WILL, WHAT WE DON’T NEED IS CHAOS AT WHAT WE DON’T NEED IS CHAOS AT THE HELM. THE HELM.>>EXACTLY.>>EXACTLY. PRESIDENT TRUMP HAS ALWAYS PRESIDENT TRUMP HAS ALWAYS THRIVED ON CHAOS. THRIVED ON CHAOS. HE THINKS IT PUTS HIS OPPONENTS HE THINKS IT PUTS HIS OPPONENTS ON THEIR BACK HEEL. ON THEIR BACK HEEL. HE THINKS THAT THAT SOMEHOW HE THINKS THAT THAT SOMEHOW MAKES HIM THE BIG GUY BECAUSE MAKES HIM THE BIG GUY BECAUSE HE’S ABLE TO COME IN AND CLEAR HE’S ABLE TO COME IN AND CLEAR UP THE CHAOS THAT HE STARTED. UP THE CHAOS THAT HE STARTED. THIS DOES NOT WORK THIS WAY WHEN THIS DOES NOT WORK THIS WAY WHEN YOU ARE PRESIDENT OF THE UNITED YOU ARE PRESIDENT OF THE UNITED STATES. STATES. IT SURE DOESN’T WORK WITH WAY IT SURE DOESN’T WORK WITH WAY WHEN YOU ARE PLAYING GAMES WITH WHEN YOU ARE PLAYING GAMES WITH THE INTERNATIONAL TRADE SYSTEM. THE INTERNATIONAL TRADE SYSTEM. IT SURE DOESN’T MAKE THAT ANY IT SURE DOESN’T MAKE THAT ANY SENSE WHEN YOU ARE STARTING TO SENSE WHEN YOU ARE STARTING TO SHOOT OUT DECREES THAT THE SHOOT OUT DECREES THAT THE BUSINESSES OF AMERICA WILL CEASE BUSINESSES OF AMERICA WILL CEASE DOING BUSINESS WITH CHINA. DOING BUSINESS WITH CHINA. YOU KNOW, I THINK HIS INSULTS YOU KNOW, I THINK HIS INSULTS THAT THE DEMOCRATS ARE ALL A THAT THE DEMOCRATS ARE ALL A BUNCH OF SOCIALISTS WENT OUT THE BUNCH OF SOCIALISTS WENT OUT THE WINDOW WITH THAT. WINDOW WITH THAT. HE OF COURSE DOES NOT HAVE THE HE OF COURSE DOES NOT HAVE THE POWER. POWER. BUT WHO KNOWS WHAT HE’S GOING TO BUT WHO KNOWS WHAT HE’S GOING TO DO NEXT? DO NEXT? WHO KNOWS WHAT EXECUTIVE ORDER WHO KNOWS WHAT EXECUTIVE ORDER HE WILL ISSUE? HE WILL ISSUE? WHO KNOWS WHAT COURT FIGHTS WHO KNOWS WHAT COURT FIGHTS AMERICAN BUSINESSES ARE GOING TO AMERICAN BUSINESSES ARE GOING TO BE IN. BE IN. AND THE SHAME OF THIS IS AND THE SHAME OF THIS IS CONGRESS COULD PREVENT EVERY BIT CONGRESS COULD PREVENT EVERY BIT OF THIS. OF THIS. THE POWER OF REGULATING TRADE THE POWER OF REGULATING TRADE AND TARIFFS RESIDES WITH AND TARIFFS RESIDES WITH CONGRESS. CONGRESS. THEY HAVE LEGISLATED THAT AWAY, THEY HAVE LEGISLATED THAT AWAY, AND THEY COULD TAKE THAT BACK AND THEY COULD TAKE THAT BACK HOOK, LINE AND SINKER. HOOK, LINE AND SINKER. EVEN A NATIONAL SECURITY EXCUSE, EVEN A NATIONAL SECURITY EXCUSE, WHICH HE IS — EXEMPTION WHICH WHICH HE IS — EXEMPTION WHICH HE HAS ABUSED, AND THEY ARE TOO HE HAS ABUSED, AND THEY ARE TOO CHICKEN TO DO. CHICKEN TO DO. THEY COULD SAVE THIS ECONOMY AND THEY COULD SAVE THIS ECONOMY AND THEY WON’T. THEY WON’T. WHEN THIS ECONOMY DOES FALTER, WHEN THIS ECONOMY DOES FALTER, IT WILL NOT ONLY BE TRUMP’S IT WILL NOT ONLY BE TRUMP’S FAULT BUT THE REPUBLICANS IN FAULT BUT THE REPUBLICANS IN CONGRESS WHO HAVE NOT SPENT ONE CONGRESS WHO HAVE NOT SPENT ONE ONCE OF ENERGY OR SPINE TO DO ONCE OF ENERGY OR SPINE TO DO ANYTHING ABOUT THIS. ANYTHING ABOUT THIS.>>THERE IS SO MUCH WRONG WITH>>THERE IS SO MUCH WRONG WITH THAT HEREBY THING HE DID TODAY. THAT HEREBY THING HE DID TODAY. IMMEDIATELY START LOOKING FOR AN IMMEDIATELY START LOOKING FOR AN ALTERNATIVE TO CHINA. ALTERNATIVE TO CHINA.>>IF THERE IS ANYTHING AMERICAN>>IF THERE IS ANYTHING AMERICAN CEOs LIKE TO TAKE ORDERS FROM A CEOs LIKE TO TAKE ORDERS FROM A TRUST FUND BABY RODEO CLOWN. TRUST FUND BABY RODEO CLOWN.>>I’M SURE THEY’RE LOVING IT.>>I’M SURE THEY’RE LOVING IT. AND IT’S NOT LEGAL. AND IT’S NOT LEGAL. AND I’M SURE THAT THERE WILL BE AND I’M SURE THAT THERE WILL BE REACTIONS IN THE BUSINESS REACTIONS IN THE BUSINESS COMMUNITY THAT WILL BE VERY COMMUNITY THAT WILL BE VERY QUIET. QUIET. BUT BUSINESS INVESTMENT HAS GONE BUT BUSINESS INVESTMENT HAS GONE DOWN. DOWN. THAT IS SPEAKING VERY LOUDLY TO THAT IS SPEAKING VERY LOUDLY TO THE PRESIDENT. THE PRESIDENT. THE MANUFACTURING SECTOR IS THE MANUFACTURING SECTOR IS SLOWING DOWN. SLOWING DOWN. AND THE TARIFFS THAT HE IS ABOUT AND THE TARIFFS THAT HE IS ABOUT TO ENACT WILL HIT THE CONSUMER. TO ENACT WILL HIT THE CONSUMER.>>THEY WON’T BECAUSE CHINA PAYS>>THEY WON’T BECAUSE CHINA PAYS FOR IT. FOR IT.>>I FORGOT.>>I FORGOT. WE LIVE IN A CRAZY LAND NOW. WE LIVE IN A CRAZY LAND NOW. BUT, YEAH, SO NEXT ROUND WE’RE BUT, YEAH, SO NEXT ROUND WE’RE HITTING RETAIL. HITTING RETAIL. ROUND AFTER THAT YOU ARE ROUND AFTER THAT YOU ARE HITTING, YOU KNOW, TOYS, ET HITTING, YOU KNOW, TOYS, ET CETERA. CETERA. THIS IS WHERE THE RUBBER HITS THIS IS WHERE THE RUBBER HITS THE ROAD. THE ROAD. THIS IS WHERE THE RUBBER HITS THIS IS WHERE THE RUBBER HITS THE FLAT SCREEN TVs IN DECEMBER THE FLAT SCREEN TVs IN DECEMBER AND IN SEPTEMBER IT’S GOING TO AND IN SEPTEMBER IT’S GOING TO BE THE SNEAKERS, THE JEANS, ET BE THE SNEAKERS, THE JEANS, ET CETERA. CETERA. THE AMERICAN CONSUMER IS KEEPING THE AMERICAN CONSUMER IS KEEPING THE GLOBAL ECONOMY AFLOAT RIGHT THE GLOBAL ECONOMY AFLOAT RIGHT NOW. NOW. THIS IS THE LAST THING THAT YOU THIS IS THE LAST THING THAT YOU WANT TO DO. WANT TO DO. AND, FRANKLY, HE’S LAYING OUT A AND, FRANKLY, HE’S LAYING OUT A PATH TO DESTRUCTION. PATH TO DESTRUCTION. THE THING THAT ALSO WORRIES ME THE THING THAT ALSO WORRIES ME IS THAT CHAIRMAN POWELL SEEMS TO IS THAT CHAIRMAN POWELL SEEMS TO BE INTERNALIZING SOME OF WHAT BE INTERNALIZING SOME OF WHAT TRUMP IS SAYING. TRUMP IS SAYING. HE WAS TALKING ABOUT THE FEDS HE WAS TALKING ABOUT THE FEDS RESPONSIBILITY TO KEEP THE RESPONSIBILITY TO KEEP THE EXPANSION GOING. EXPANSION GOING. THAT’S LIKE THE GOVERNOR OF THAT’S LIKE THE GOVERNOR OF FLORIDA SAYING THAT HURRICANE FLORIDA SAYING THAT HURRICANE SEASON IS CANCELED, YOU KNOW? SEASON IS CANCELED, YOU KNOW? RECESSIONS HAPPEN. RECESSIONS HAPPEN. THEY’RE CYCLICAL. THEY’RE CYCLICAL. TRUMP MAY HAVE GOTTEN A — MAYBE TRUMP MAY HAVE GOTTEN A — MAYBE HE HAD SOME BAD LUCK. HE HAD SOME BAD LUCK. BUT HE’S TURNING THAT BAD LUCK BUT HE’S TURNING THAT BAD LUCK INTO DISASTER WITH THIS TRADE INTO DISASTER WITH THIS TRADE SITUATION. SITUATION.>>AT THE TOP OF THE SHOW I WAS>>AT THE TOP OF THE SHOW I WAS SAYING THAT THIS IS A LOSE-LOSE SAYING THAT THIS IS A LOSE-LOSE SITUATION, THAT THOSE AREN’T SITUATION, THAT THOSE AREN’T ACTUALLY MY WORDS. ACTUALLY MY WORDS. THEY’RE ACTUALLY YOUR WORDS. THEY’RE ACTUALLY YOUR WORDS. YOU SAID THIS TO ME LAST WEEK. YOU SAID THIS TO ME LAST WEEK. YOU SAID THIS IS THE WORST KIND YOU SAID THIS IS THE WORST KIND OF WAR BECAUSE EVERYBODY IS OF WAR BECAUSE EVERYBODY IS LOSING ON EVERY FRONT. LOSING ON EVERY FRONT. WE WILL NOT GET THE SOY BEAN WE WILL NOT GET THE SOY BEAN CONTRACTS BACK THAT WE HAD WITH CONTRACTS BACK THAT WE HAD WITH CHINA BECAUSE THEY ARE NOW CHINA BECAUSE THEY ARE NOW GETTING THAT SOY BEAN FROM GETTING THAT SOY BEAN FROM BRAZIL. BRAZIL. THE LOBSTERS, THEY ARE GETTING THE LOBSTERS, THEY ARE GETTING FROM CANADA NOW. FROM CANADA NOW. WE WILL NEVER GET IT 100% BACK. WE WILL NEVER GET IT 100% BACK. THE CHINESE ARE SUFFERING MORE THE CHINESE ARE SUFFERING MORE THAN WE ARE. THAN WE ARE. THERE IS NO ARTICULATING VIEW OF THERE IS NO ARTICULATING VIEW OF WHAT SUCCESS IS HERE. WHAT SUCCESS IS HERE.>>YEAH.>>YEAH. I THINK THAT’S EXACTLY RIGHT. I THINK THAT’S EXACTLY RIGHT. THE ONLY WAY TO WIN A TRADE WAR THE ONLY WAY TO WIN A TRADE WAR IS TO NOT BE IN ONE. IS TO NOT BE IN ONE. WHAT YOU ARE STARTING TO HEAR WHAT YOU ARE STARTING TO HEAR SOME OF THESE BUSINESSES SAYING SOME OF THESE BUSINESSES SAYING IS THAT THEY HAVE TRIED IN MANY IS THAT THEY HAVE TRIED IN MANY CASES TO FIND NEW PRODUCTION CASES TO FIND NEW PRODUCTION PLATFORMS FROM WHICH THEY CAN PLATFORMS FROM WHICH THEY CAN IMPORT THE GOODS THAT ARE NOW IMPORT THE GOODS THAT ARE NOW FACING INCREASING TARIFFS IN FACING INCREASING TARIFFS IN CHINA. CHINA. AND IT’S JUST REALLY HARD TO DO. AND IT’S JUST REALLY HARD TO DO. BY THE WAY, NOTE THAT THAT DOES BY THE WAY, NOTE THAT THAT DOES NOT ACCOMPLISH TRUMP’S GOAL. NOT ACCOMPLISH TRUMP’S GOAL. TRUMP’S GOAL IS SOME VERSION OF TRUMP’S GOAL IS SOME VERSION OF IMPORT SUBSTITUTION, MEANING IMPORT SUBSTITUTION, MEANING BUILD STUFF DOMESTICALLY THAT’S BUILD STUFF DOMESTICALLY THAT’S BEING CURRENTLY BUILT. BEING CURRENTLY BUILT. THAT’S NOT WHAT WE’RE HEARING. THAT’S NOT WHAT WE’RE HEARING. THEY WILL SAYING MAYBE I WILL GO THEY WILL SAYING MAYBE I WILL GO TO COME BODEAMBODIA, MILAN. TO COME BODEAMBODIA, MILAN. WE’RE HAVING SOME OF THE WE’RE HAVING SOME OF THE ECONOMIC PROBLEMS THAT SHE WAS ECONOMIC PROBLEMS THAT SHE WAS JUST TALKING ABOUT, INCLUDING JUST TALKING ABOUT, INCLUDING DIMINISHED INVESTMENT. DIMINISHED INVESTMENT. NOW I THINK THE IDEA WAS THAT IF NOW I THINK THE IDEA WAS THAT IF YOU LOOK AT ANY ARTICLE THAT WAS YOU LOOK AT ANY ARTICLE THAT WAS ABOUT A POTENTIAL RECESSION IN ABOUT A POTENTIAL RECESSION IN THE WIND OVER THE LAST COUPLE OF THE WIND OVER THE LAST COUPLE OF WEEKS, THEY HAVE ALL MENTIONED WEEKS, THEY HAVE ALL MENTIONED THE TRADE WAR IN PARAGRAPH ONE THE TRADE WAR IN PARAGRAPH ONE AS EXHIBIT A OF TRUMP REALLY AS EXHIBIT A OF TRUMP REALLY DAMAGING THE ECONOMY. DAMAGING THE ECONOMY. THAT WAS BEFORE THIS LEVEL OF THAT WAS BEFORE THIS LEVEL OF ESCALATION AND THIS MARKET ESCALATION AND THIS MARKET REACTION TODAY. REACTION TODAY. SO WHENEVER THAT KIND OF SO WHENEVER THAT KIND OF RECESSION RISK FACTOR THAT’S RECESSION RISK FACTOR THAT’S GOING ON, IT HAS NOW BEEN AMPED GOING ON, IT HAS NOW BEEN AMPED UP BY THE PRESIDENT. UP BY THE PRESIDENT.>>SO JENNIFER, THERE IS ALL>>SO JENNIFER, THERE IS ALL SORTS OF TALK. SORTS OF TALK. THERE IS PEOPLE OF ACCUSING THE THERE IS PEOPLE OF ACCUSING THE MEDIA OF AMPING UP RECESSION. MEDIA OF AMPING UP RECESSION. THE DEMOCRATS WANTING RECESSION THE DEMOCRATS WANTING RECESSION BECAUSE IT WILL PUT TRUMP OUT OF BECAUSE IT WILL PUT TRUMP OUT OF OFFICE. OFFICE. ANYBODY WISHING FOR RECESSION ANYBODY WISHING FOR RECESSION HAS JUST GOT A BLACK HEART. HAS JUST GOT A BLACK HEART. BUT THE FACT IS THEY DO HAPPEN BUT THE FACT IS THEY DO HAPPEN AND THERE IS NOTHING THAT WILL AND THERE IS NOTHING THAT WILL AFFECT DONALD TRUMP’S BASE OR AFFECT DONALD TRUMP’S BASE OR ERODE HIS SUPPORT MORE THAN ERODE HIS SUPPORT MORE THAN PEOPLE ACTUALLY LOSING JOBS AND PEOPLE ACTUALLY LOSING JOBS AND LOSING THEIR WAGES, WHICH LOSING THEIR WAGES, WHICH ACTUALLY HAPPENS IN A RECESSION. ACTUALLY HAPPENS IN A RECESSION. SO I WOULD THINK ALL OF THE SO I WOULD THINK ALL OF THE DOZENS OF THINGS OVER THE LAST DOZENS OF THINGS OVER THE LAST TWO YEARS THAT WE HAVE HEARD TWO YEARS THAT WE HAVE HEARD REPUBLICANS STAY SILENT ABOUT, I REPUBLICANS STAY SILENT ABOUT, I WOULD THINK THIS WOULD BE THE WOULD THINK THIS WOULD BE THE ONE THEY’D SAY, NO, NO, HOLD ON ONE THEY’D SAY, NO, NO, HOLD ON A SECOND. A SECOND. YOU CANNOT RUN THIS TRAIN RIGHT YOU CANNOT RUN THIS TRAIN RIGHT OFF THE TRACKS BECAUSE WE’LL ALL OFF THE TRACKS BECAUSE WE’LL ALL LOSE THE NEXT ELECTION. LOSE THE NEXT ELECTION.>>WELL, I SOMEWHAT CASUALLY>>WELL, I SOMEWHAT CASUALLY SENT OFF A TWEET TODAY HOW MANY SENT OFF A TWEET TODAY HOW MANY POINTS DOES THE DOW HAVE TO DROP POINTS DOES THE DOW HAVE TO DROP BEFORE THE REPUBLICANS GET IN BEFORE THE REPUBLICANS GET IN THE GAME? THE GAME? 5,000, 10,000, 15,000. 5,000, 10,000, 15,000. WHAT IS IT GOING TO FINALLY TAKE WHAT IS IT GOING TO FINALLY TAKE TO GET THEM OFF THE STICK? TO GET THEM OFF THE STICK? I THINK PART OF THE PROBLEM HERE I THINK PART OF THE PROBLEM HERE IS NOT ONLY IS THIS A COMPLETE IS NOT ONLY IS THIS A COMPLETE MESS, BUT WAY BACK WHEN, DO YOU MESS, BUT WAY BACK WHEN, DO YOU REMEMBER WE ACTUALLY HAD A REAL REMEMBER WE ACTUALLY HAD A REAL PROBLEM WITH CHINA, WHICH WAS PROBLEM WITH CHINA, WHICH WAS THE THEFT OF EXTORTION OF THE THEFT OF EXTORTION OF INTELLECTUAL. INTELLECTUAL.>>THAT’S THE THING WE SHOULD>>THAT’S THE THING WE SHOULD HAVE DEALT WITH AND THE ENTIRE HAVE DEALT WITH AND THE ENTIRE WORLD WOULD HAVE SUPPORTED THE WORLD WOULD HAVE SUPPORTED THE UNITED STATES. UNITED STATES.>>AND WE WOULD HAVE SIGNED ON>>AND WE WOULD HAVE SIGNED ON TO TPP. TO TPP. WE EXCLUDED CHINA, PUT THE WE EXCLUDED CHINA, PUT THE PRESSURE ON CHINA, CEMENTED OUR PRESSURE ON CHINA, CEMENTED OUR ALLIANCES. ALLIANCES. SO WE HAVE DONE JUST ABOUT SO WE HAVE DONE JUST ABOUT EVERYTHING WRONG TO NOT ONLY NOT EVERYTHING WRONG TO NOT ONLY NOT SOLVE OUR OLD PROBLEMS BUT SOLVE OUR OLD PROBLEMS BUT CREATE NEW ONES. CREATE NEW ONES. AND BY THE WAY, ONE THING WE AND BY THE WAY, ONE THING WE HAVEN’T DISCUSSED IS AS THEY HAVEN’T DISCUSSED IS AS THEY HAVE REFIGURED THE JOBS NUMBERS, HAVE REFIGURED THE JOBS NUMBERS, TURNS OUT THERE IS 500,000 LESS TURNS OUT THERE IS 500,000 LESS JOBS CREATED WE THOUGHT. JOBS CREATED WE THOUGHT. IT LOOKS A LOT WEAKER THAN WE IT LOOKS A LOT WEAKER THAN WE EVEN SUSPECTED IT WAS. EVEN SUSPECTED IT WAS. AND AS A RESULT OF THAT, WHAT’S AND AS A RESULT OF THAT, WHAT’S HE GOING TO USE NOW? HE GOING TO USE NOW? WE ALREADY HAVE A TRAL DOLLAR WE ALREADY HAVE A TRAL DOLLAR DEFICIT. DEFICIT. WHAT’S HE GOING TO USE AS A WHAT’S HE GOING TO USE AS A FISCAL STIMULUS IF WE GO INTO A FISCAL STIMULUS IF WE GO INTO A DEPRESSION? DEPRESSION? THE FED HAS CUT RATES, BUT THEY THE FED HAS CUT RATES, BUT THEY ARE SO LOW ALREADY THAT THERE IS ARE SO LOW ALREADY THAT THERE IS NOT MUCH ROOM. NOT MUCH ROOM.>>THE THING THAT CONCERNS ME>>THE THING THAT CONCERNS ME ABOUT WHAT HE WAS SAYING IS THAT ABOUT WHAT HE WAS SAYING IS THAT IT SEEMS LIKE HE’S LET GO OF IT SEEMS LIKE HE’S LET GO OF MAKING A DEAL AND NOW HIS GOAL MAKING A DEAL AND NOW HIS GOAL IS WHAT WE CALL IN NERD CIRCLES IS WHAT WE CALL IN NERD CIRCLES DECOUPLING OF CHINA, WHICH IS DECOUPLING OF CHINA, WHICH IS JUST SEVERING THE ECONOMIC JUST SEVERING THE ECONOMIC RELATIONSHIP BETWEEN THE UNITED RELATIONSHIP BETWEEN THE UNITED STATES AND CHINA, WHICH WOULD BE STATES AND CHINA, WHICH WOULD BE HORRIFIC AND WHICH MANY WORRY HORRIFIC AND WHICH MANY WORRY WOULD DIVIDE THE WORLD BETWEEN WOULD DIVIDE THE WORLD BETWEEN AN ECONOMIC AND DIG CAL IRON AN ECONOMIC AND DIG CAL IRON CURTAIN AND YOU WOULD REALLY CURTAIN AND YOU WOULD REALLY HAVE TO CHOOSE BETWEEN TWO HAVE TO CHOOSE BETWEEN TWO INTERNETS, TWO ECONOMIES, TWO INTERNETS, TWO ECONOMIES, TWO WORLDS. WORLDS. I DON’T THINK WE WANT THAT I DON’T THINK WE WANT THAT AGAIN. AGAIN. AND WHAT HE SEEMS TO BE MOVING AND WHAT HE SEEMS TO BE MOVING TOWARD FULL STEAM AHEAD IF HE TOWARD FULL STEAM AHEAD IF HE CAN’T GET HIS WAY FROM PRESIDENT CAN’T GET HIS WAY FROM PRESIDENT XI LIKE A SCREAMING POUTING XI LIKE A SCREAMING POUTING CHILD IS THAT HE’S GOING TO PULL CHILD IS THAT HE’S GOING TO PULL FOR THIS DECOUPLING NOTION. FOR THIS DECOUPLING NOTION. IT’S VERY SCAREY. IT’S VERY SCAREY.>>EXPLAIN WHY THAT’S TOUGH.>>EXPLAIN WHY THAT’S TOUGH. THIS IS NOT A NORMAL THIS IS NOT A NORMAL RELATIONSHIP WE WOULD HAVE RELATIONSHIP WE WOULD HAVE DESCRIBED 20 YEARS AGO. DESCRIBED 20 YEARS AGO. THE RELATIONSHIP WITH CHINA IS THE RELATIONSHIP WITH CHINA IS SUBSTANTIALLY MORE COMPLICATED SUBSTANTIALLY MORE COMPLICATED FROM A CURRENTLY PERSPECTIVE AND FROM A CURRENTLY PERSPECTIVE AND WHAT CHINA DOES AROUND THE WHAT CHINA DOES AROUND THE WORLD. WORLD.>>SO DONALD TRUMP THINKS HE CAN>>SO DONALD TRUMP THINKS HE CAN UNSCRAMBLE THE GLOBALIZATION UNSCRAMBLE THE GLOBALIZATION OMELET, AND HE CAN’T. OMELET, AND HE CAN’T. IT’S NOT JUST THAT WE IMPORT IT’S NOT JUST THAT WE IMPORT TOYS AND TELEVISIONS FROM CHINA. TOYS AND TELEVISIONS FROM CHINA. WE ALSO IMPORT TONS OF WE ALSO IMPORT TONS OF INTERMEDIATE GOODS. INTERMEDIATE GOODS. THESE ARE IMPORTS THAT GO INTO THESE ARE IMPORTS THAT GO INTO PRODUCTS THAT ARE PRODUCED HERE. PRODUCTS THAT ARE PRODUCED HERE. SO OUR LINKAGE IS TO THE CHINESE SO OUR LINKAGE IS TO THE CHINESE ECONOMY ARE NOT JUST THE STUFF ECONOMY ARE NOT JUST THE STUFF THAT’S ON THE SHELVES OF THAT’S ON THE SHELVES OF WALMART. WALMART. AND EVEN THEN, AS I SAID IN MY AND EVEN THEN, AS I SAID IN MY LAST REMARK, THOSE GOODS ARE NOT LAST REMARK, THOSE GOODS ARE NOT GOING TO BE MADE HERE. GOING TO BE MADE HERE. THE GLOBALIZATION SHIP HAS LEFT THE GLOBALIZATION SHIP HAS LEFT THE PORT AND NOW, AS I THE PORT AND NOW, AS I MENTIONED, THOSE PRODUCERS ARE MENTIONED, THOSE PRODUCERS ARE LOOKING TO IMPORT FROM OTHER LOOKING TO IMPORT FROM OTHER COUNTRIES OFTEN IN ASIA. COUNTRIES OFTEN IN ASIA. SO, A, THE NOTION OF IMIMPORTANT SO, A, THE NOTION OF IMIMPORTANT SUBSTITUTION THAT WE’LL JUST SUBSTITUTION THAT WE’LL JUST REPLACE ALL THAT STUFF REPLACE ALL THAT STUFF DOMESTICALLY IS JUST NOT GOING DOMESTICALLY IS JUST NOT GOING TO HAPPEN. TO HAPPEN. THAT’S NOT THE STRUCTURE OF THE THAT’S NOT THE STRUCTURE OF THE GLOBAL ECONOMY. GLOBAL ECONOMY. AND, B, YOU ARE REALLY HURTING AND, B, YOU ARE REALLY HURTING AMERICAN PRODUCERS. AMERICAN PRODUCERS. IT IS JUST WHAT YOU SAID AT THE IT IS JUST WHAT YOU SAID AT THE BEGINNING OF THE SHOW. BEGINNING OF THE SHOW. IT IS ACTUALLY AMERICAN IT IS ACTUALLY AMERICAN PRODUCERS USING INTERMEDIATE




Comments
  1. Companies just cant move factories from one country to another without consequences. U need skill manpower to run the factories, u need logistics to transport the finished goods(which is infrastructure i.e ports and rail/roads), moving factories back to US, but wait u guys havent down even have the logistics infrastructure inplace to support this endeavor it takes time to build up such infrastructures for the huge volume of goods. Good luck with that.

  2. President Trump appears to have explained why he exists in a fantasy world and loves firearms.

    The latest ramblings of dangerous madman and leader of the free world Donald Trump include a declaration that he is the ‘chosen one’.

    “There are two ways of interpreting this comment,” said Clinical Psychologist Simon Williams.

    “Firstly, Trump thinks he lives in the matrix and can do whatever he wants without consequence because observable reality is nothing but a fictional construct designed to keep up compliant.

    “The fact that he’s done so many awful things and still made it to the White House is likely to reinforce this belief.

    “This would also explain how Trump can look at something which seems real and tangible – say, a spoon or racism – and think to himself ‘there is no racism’.

    “Furthermore, it shows us why he believes the best solution to society’s problems is to tool up and shoot your way out – preferably in slow motion with cool music playing.

    “The second interpretation is that this isn’t actually the real world and we are indeed all living in the matrix. To be fair, this would explain how Donald Trump and Boris Johnson have risen to positions of power.

    “Personally, for the sake of my children, I hope that Brexit is in fact just a computer simulation and we’re all actually just living in tanks, being farmed for use as giant batteries in a machine-dominated society.

    “At least then my kids will be well fed and have somewhere to live.”

  3. Those Americans morons kept claiming that it's an unfair trading with China need to do something about it. Why is it that they then deal with China initially n now kept complaining n crying foul.Don't forget China have its own core interest to take care

  4. Good all trades closed on China by Trumph ….only then reality fall in place …and truth will be out …you guys in media playing with this phone number and my identification now it's my time to double down on you guys …because you don't know how to provide justice….oh listen nothing on large scale is produced or manufactured in America …all major goods are imported from other countries…so why boss arround ????

  5. Donald Trump has lost his mind he must be removed from office and peach the 25th amendment is in line right now Democrats needs to start impeaching inquires.

  6. BAD politicians are ELECTED by GOOD people who don't VOTE…
    Be warned, there is a convicted fraudster called #45 in the White House…
    The G7 is just another world stage for this fukwit 45 to embarass the USA…AGAIN

  7. So why aren’t they doing anything? Sick and tired of “White House aides” off the record sounding reasonable but on record, support and enable Trump! Vote the GOP out! And reminder, trump is a symptom not the sickness.

  8. This "President"… Is tring to run this country like he ran his casinos and businesses which is right into the ground with the outcome becoming bankruptcy.. he has ruined everything that has been gained in hundreds of years in less than 4 years, turned all different races of American people against each other, bad-mouthed women the handicap any any American citizen that don't agree with his dictatorship that he likes to lead. He is a disgrace a joke and we'll ruin the United States!!!!

  9. Have you heard of the all new dance that’s sweeping the land called the Scaramucci?? Now you move your hips like this, shake your head like that, throw your hands in air, wave em cause you just don’t care and… #DoTheScaramucci

  10. Yo this is going on. 777 Let's get this money and human rights I guess. Warren or Bernie. What kind of a future America will you want, people?

  11. Get trump out of office SOMEHOW he is gonna mess up really really bad. Got a clown in the white house who has know idea how anything works. Somebody needs to do something and do it soon.

  12. What upsets Trump most? https://www.quora.com/What-is-the-one-thing-in-the-world-you-think-upsets-Donald-Trump-most

  13. He dosent read because he cant and if he could read he wont understand what it is he has read. Help us Lord!!!! Jesus take the wheel!!

  14. TRUMP / PENCE 2020
    GREATEST PRESIDENT
    GREATEST ADMINISTRATION
    95% APPROVAL RATING BY REAL PATRIOT AMERICANS AND RISING !

  15. His Majesty tRump is behaving like the spoiled child he is. His behaviour this week is just more of the same from him.

  16. Comè on Republicans how much more of this are u going to take. U have become bone spur's puppet's, have u the same IQ OF BONE SPURS, o.oo Republicans will not win the next election, infact u guys will battle to win a seat in Congress or the Senate, BYE BYE!!!

  17. Time to get that team of psychiatric experts to do a new and updated assessment on Trump's mental illness.
    He has gone cuckoo since childhood and he is well into his second cuckoohood.

  18. Where 👏🏻 are 👏🏻 his 👏🏻 handlers?!!! It’s like having a pit bull you know is prone to bite and letting it off leash every day! “Oh dear…look what happened again….” 🙄🤦🏻‍♀️

  19. The new ttp is ,THE PUTIN PLAN,and it’s working like a dream ,making you the laughing stock of the world, and as for calling himself the chosen one whilst lookin to the heavens,my god he lives in narnia.

  20. FACT: Trump has all the symptoms of Syphilis Madness!
    Symptoms of Syphilis.
    Delusions, common as the illness progresses, tend to be poorly systematized and absurd. They can be grandiose, melancholic, or paranoid. These delusions include ideas of great wealth, immortality, thousands of lovers, unfathomable power, apocalypsis, nihilism, self-guilt, self-blame, or bizarre hypochondriacal complaints also Fatigue, headaches, insomnia, dizziness, as the disease progresses, mental deterioration and personality changes occur including loss of social inhibitions, asocial behavior, gradual impairment of judgment, concentration and short-term memory, euphoria, mania, depression, or apathy. Subtle shivering, minor defects in speech may become noticeable.(Google it)

  21. More of Linette Lopez, and Jennifer Rubin Please. They are brilliant! I want more of Linette with quips like, "Trust fund baby, casino-bankrupting, reality TV, rodeo clown."

  22. Discussing that damage to China’s economy’s worse than US is setting up a war of attrition. The Chinese tolerance for pain is a bit higher than the US.

  23. The gop and big business loves chaos because they profit from destruction. Strategy: destroy the government then privatize everything like that's the solution. Same old gop playbook. Blah blaa blaa

  24. If you still support Trump at this point in History, you are as big a nut job as he is, and he's clearly lost it.

  25. He's laying out a path to destruction because that's what Putin wants him to do, ask yourself, why else would he be doing it what's in it for him? alternatively, because he's a narcissist he could be doing it so America (and the world) would never ever forget him.

  26. Too much talking… Do something about it, america… we have things in place to prevent tyranny, as well as a president unable to fulfill his oath of office…

  27. Trump should sell America to Denmark!
    So Denmark can fix the hi Triljon dept America has.
    That a really good deal.

  28. What does every trillion dollar that is somehow burnt by Trump's actions cost each US citizen? Given nearly 330 mln US Americans, that's roughly $3000/person, or a little over $3.-/person/day.
    Apparently, the combined US stock markets together alone had already shed $5 trillion as of january this year, probably up more than another trillion since then. National debt is up more than $2 trn since he took office.
    IOW every day this clown runs the show, he is costing each and everyone of you OVER $700/month on average already. HE spends now, YOU will pay; some of it now, most of it later. No matter what he says or does to keep your mind occupied thinking of something else.
    $700/month since he was sworn in, folks, of your money. And counting. Conservative estimate. Would you say he's a responsable steward…?

  29. I'm sure the rich who got their tax cuts reinvested their money, no trickle down there. But now they're panicking as they might loose their tax cut money over the downturn of the stock market.

  30. OK EVERYBODY.. THAT'S ENOUGH OF TRUMP .. CITIZENS SHUT DOWN… UNTIL TRUMP RESIGNS.. NOBODY GO TO WORK … EVERY BODY STAY HOME..

  31. So we are seeing what happens when running the country based on the ideas of a loud mouthed “Norm” on a barstool. Trump ran the majority of his businesses into bankruptcy because he does not understand any of the fundamentals of human relationships. His is a world of grabbing p******s because you are famous instead of being thoughtful, diplomatic, and understanding. To him there are three types of people: firstly the white guys – they are the ones running things for their personal benefit, secondly the women – they are the ones with boob jobs and p*****s to grab, and thirdly all the not-white people – they are the ones to clean the kitchen, do the dirty jobs, to be underpaid, and to bark orders to.

  32. I love President TRUMP. But I think he speaks too much. A leader should speak less, and know how to delegate. Then work with oppostion leaders in the Congress to see what they can offer to the country as a whole. He is supposed to intervene when none else can't. That means to be at the Top, a professor in classroom.

  33. First of all, learn the meaning of the word " socialist " . For goodness' sakes, if you, media people, supposedly educated individuals, even demean and blurr its meaning to americans who confuse it with " communism" , what are your chances for a better life ? This is appalling. Truly sad. Greetings from Geneva, a well functionning SOCIALIST place.

  34. So maybe by some divine intervention he watched your show and pick up some pointers from the experts.😯😃🇺🇸

  35. I know i start To comment a bit too much on youtube news….but im free to give my opinion…Listen people Donald trump is triying to starve america for his friend putin. Yesterday i Said that we need to stop to call him crazy or hill. He's not,Trump pute more energie to destroy america greatness than to give a one speach about gun violence or the kkk,this guy have a bloody vengeance on his heart for USA. I mean his dad was in the kkk ;who knows what his father Told him or make him promessed of. Maybe it's what he's doing now 😏

  36. Trump is brilliant at creating bankruptcies and now he is out to bankrupt the USA and/or the world – he's out for a world record !

  37. Everybody is just talk talk talk, no one is doing anything to get the Orange turd out of the White House, god help us

  38. Yes, POTUS Trump's erratic behavior is setting the USA and the rest of the world on the pathway to destruction. This reminds me of the anti-war protest song of 55 years ago "Eve of Destruction" written by P. F. Sloan in mid-1964. Except, instead of military conflict we're facing global economic conflict. This from a guy who multiple times sought and received exemption from military service due to 'heel spurs'. What a joke!

  39. Hello everyone. Just one question. I understand that Trump is going about this all wrong but how are we supposed to deal with China. I am from Kenya and my country is one debt away from being completely taken over by China.

  40. The sad irony is that once trump is out of office (whether by election, impeachment, or 25th Amendment) he will be deemed unfit to stand trial. Once again, he wins… Sad.

  41. Trump keeps saying China is suffering but how is China suffering? Their GDP growth slowed from 6.5% to 6.2% but that is still a very vigorous growth while USA GDP slowed from 3% to 2.1%. American farmers are going bankrupt and prices of things are moving up.

  42. Wow! A trust fund baby, casino bankrupting, reality TV rodeo clown. Wow! Linette Lopez! Played her back 10 times…

  43. He always targets his own staff if they don’t do or say what he wants. Don’t worry Barr will step in and make Powell do as he’s told , Barr is the new” fixer”.

  44. If China were to immediately stop any further shipments of steel and other metals to the U.S. it would result in a full-scale lasting depression. Trump is plying with fire. He is one of the dumbest and most incompetent people ever to become President yet he thinks he is a brilliant strategist, chosen by God, who is "winning". And where is the GOP? On it's knees, lauding Trump and doing nothing else whatsoever to assist Americans prosper.

  45. When was Trump a dedicated public servant? Back when YOU were lying about what a great President he was? Before it became impossible to maintain the lies, or before your investment portfolio started crashing? ?? Why does the media put guys like that on the air? It's not like there is the slightest chance they'll be honest.

  46. "Is is obvious yet that Pelosi and Chuckie the Shroom need to be asked to step down and let someone without dementia take the helm?"

  47. Trump is particulalrly slow to learn. All this time and he still doesn't know anything about US civics. Yes, he wishes he was like Kim Jung Un or Putin, but we aren't there. Yet. He has clearly devoted himself from the start to doing Putin's business in our government, though. And he tells us what he is doing. Trump suggested at his Penn Rally, in the way he does when he has a word salad, that we needed to ramp up steel production for war and then moved immediately on to not being able to trust our allies. Apparently, the Putin supporters among the GOP on his base are going to promote going to war against the Western Alliance. Just to be clear, though, if you are against Liberal Democracy, then you are against the country that created it – the USA.

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