AND THOSE NUMBERS ARE NOT NUMBERS THAT BODE WELL FOR THE NUMBERS THAT BODE WELL FOR THE PRESIDENT’S REELECTION TO PUT IT PRESIDENT’S REELECTION TO PUT IT MILDLY. MILDLY. THIS IS THE KIND OF STORY WHERE THIS IS THE KIND OF STORY WHERE WE NEED TO TURN TO PEOPLE WITH WE NEED TO TURN TO PEOPLE WITH REAL EXPERIENCE WORKING ON REAL EXPERIENCE WORKING ON ECONOMIC POLICY IN A REAL WHITE ECONOMIC POLICY IN A REAL WHITE HOUSE, AND WE NEED PEOPLE WITH HOUSE, AND WE NEED PEOPLE WITH FULL FLUENCY IN REPUBLICAN FULL FLUENCY IN REPUBLICAN ECONOMIC POLICY BEFORE TRUMP, ECONOMIC POLICY BEFORE TRUMP, AND WHAT IT HAS BECOME DURING AND WHAT IT HAS BECOME DURING TRUMP, AND WE HAVE THAT FULL TRUMP, AND WE HAVE THAT FULL RANGE OF EXPERTISE COVERED BY RANGE OF EXPERTISE COVERED BY OUR FIRST TWO GUESTS TONIGHT. OUR FIRST TWO GUESTS TONIGHT. WE’RE JOINED BY JAYSON WE’RE JOINED BY JAYSON FINGERMAN,FINGERMAN — JASON FINGERMAN,FINGERMAN — JASON FERMAN, CURRENTLY A PROFESSOR OF FERMAN, CURRENTLY A PROFESSOR OF THE PRACTICE OF ECONOMIC POLICY THE PRACTICE OF ECONOMIC POLICY AT HARVARD’S SCHOOL, AND AT HARVARD’S SCHOOL, AND JENNIFER REUBEN AN OPINION JENNIFER REUBEN AN OPINION WRITER AT “THE WASHINGTON POST” WRITER AT “THE WASHINGTON POST” WHO NEVER HAD TO STRUGGLE HARD WHO NEVER HAD TO STRUGGLE HARD TO FIND AGREEMENT WITH TO FIND AGREEMENT WITH REPUBLICAN ECONOMIC POLICY UNTIL REPUBLICAN ECONOMIC POLICY UNTIL REPUBLICAN ECONOMIC POLICY REPUBLICAN ECONOMIC POLICY BECAME TRUMP ECONOMIC POLICY. BECAME TRUMP ECONOMIC POLICY. JENNIFER IS AN MSNBC JENNIFER IS AN MSNBC CONTRIBUTOR. CONTRIBUTOR. JASON, YOU WORKED ON OBAMACARE JASON, YOU WORKED ON OBAMACARE AND MANY THINGS UNDER PRESIDENT AND MANY THINGS UNDER PRESIDENT OBAMA, OFTEN REFERRED TO AS ONE OBAMA, OFTEN REFERRED TO AS ONE OF THE ARCHITECTURES OF OF THE ARCHITECTURES OF OBAMACARE, BUT YOU HAVE NEVER OBAMACARE, BUT YOU HAVE NEVER HEARD ANYONE CALLED IT FUHRMAN HEARD ANYONE CALLED IT FUHRMAN CARE, WHICH WAS THE EQUIVALENT CARE, WHICH WAS THE EQUIVALENT OF PETER NAVARRO’S TRADE WAR OF PETER NAVARRO’S TRADE WAR THAT THE REPUBLICAN SENATORS ARE THAT THE REPUBLICAN SENATORS ARE SUDDENLY WILLING TO COMPLAINING SUDDENLY WILLING TO COMPLAINING ABOUT. ABOUT. TALK ABOUT WHAT IT WOULD BE LIKE TALK ABOUT WHAT IT WOULD BE LIKE INSIDE A REAL WHITE HOUSE TODAY, INSIDE A REAL WHITE HOUSE TODAY, TRYING TO DEAL WITH THESE KINDS TRYING TO DEAL WITH THESE KINDS OF POLICY CONFLICTS THAT DONALD OF POLICY CONFLICTS THAT DONALD TRUMP KEEPS CREATING. TRUMP KEEPS CREATING.>>YEAH, THANKS SO MUCH FOR>>YEAH, THANKS SO MUCH FOR HAVING ME ON ON THIS REALLY HAVING ME ON ON THIS REALLY IMPORTANT TOPIC. IMPORTANT TOPIC. YOU KNOW, LOOK, CHINA DOES A LOT YOU KNOW, LOOK, CHINA DOES A LOT OF BAD THINGS ECONOMICALLY. OF BAD THINGS ECONOMICALLY. WE NEED TO DO SOMETHING ABOUT WE NEED TO DO SOMETHING ABOUT IT, BUT 2 1/2 YEARS INTO THIS IT, BUT 2 1/2 YEARS INTO THIS STRATEGY, WE’VE GOTTEN STRATEGY, WE’VE GOTTEN ABSOLUTELY NO ACCEPTANCE FROM ABSOLUTELY NO ACCEPTANCE FROM CHINA. CHINA. WHAT IT’S GOING TO TAKE IS A WHAT IT’S GOING TO TAKE IS A MORE CONCERTED EFFORT RATHER MORE CONCERTED EFFORT RATHER THAN THAT RANDOM SPRAY OF THAN THAT RANDOM SPRAY OF POLICY, ANNOUNCING IT ONE DAY, POLICY, ANNOUNCING IT ONE DAY, TAKING IT BACK THE NEXT, TAKING IT BACK THE NEXT, STARTING A TRADE WAR WITH MEXICO STARTING A TRADE WAR WITH MEXICO THE THIRD DAY. THE THIRD DAY. THIS FALL WE MAY HAVE TARIFFS ON THIS FALL WE MAY HAVE TARIFFS ON GERMAN AUTOS. GERMAN AUTOS. FOCUS ON THE PROBLEM, THE FOCUS ON THE PROBLEM, THE PROBLEM IS CHINA’S STATUSED PROBLEM IS CHINA’S STATUSED ECONOMIC POLICIES, WORK WITH OUR ECONOMIC POLICIES, WORK WITH OUR ALLIES, AND KEEP AT IT UNTIL WE ALLIES, AND KEEP AT IT UNTIL WE GET SOMETHING DONE. GET SOMETHING DONE. DON’T JUST SHOOT OURSELVES IN DON’T JUST SHOOT OURSELVES IN THE FOOT AND THE HEAD AND EVERY THE FOOT AND THE HEAD AND EVERY OTHER PART OF THE BODY. OTHER PART OF THE BODY.>>AND JENNIFER REUBEN, DONALD>>AND JENNIFER REUBEN, DONALD TRUMP’S DISCOVERING THE TRUMP’S DISCOVERING THE STRUGGLES THAT YOU’RE GOING TO STRUGGLES THAT YOU’RE GOING TO RUN INTO WHEN YOU START DEALING RUN INTO WHEN YOU START DEALING WITH WHAT ECONOMISTS CALL WITH WHAT ECONOMISTS CALL INDUSTRIAL POLICY. INDUSTRIAL POLICY. HERE HE IS TRYING TO DO HERE HE IS TRYING TO DO SOMETHING FOR THE OIL INDUSTRY. SOMETHING FOR THE OIL INDUSTRY. AND HE ENDS UP SMACKING THE AND HE ENDS UP SMACKING THE AGRICULTURE INDUSTRY AGRICULTURE INDUSTRY SPECIFICALLY THE CORN SECTOR IN SPECIFICALLY THE CORN SECTOR IN A WAY THAT HE PROBABLY COULD NOT A WAY THAT HE PROBABLY COULD NOT HAVE UNDERSTOOD WHILE HE WAS HAVE UNDERSTOOD WHILE HE WAS EAGERLY TRY TO HELP THE OIL EAGERLY TRY TO HELP THE OIL INDUSTRY. INDUSTRY.>>LISTEN, DONALD TRUMP LOVES TO>>LISTEN, DONALD TRUMP LOVES TO CALL DEMOCRATS SOCIALISTS. CALL DEMOCRATS SOCIALISTS. THIS IS STALINIST. THIS IS STALINIST. THIS IS THE FIVE-YEAR PLAN AND THIS IS THE FIVE-YEAR PLAN AND HE’S BUSY STARVING THE FARMERS. HE’S BUSY STARVING THE FARMERS. THE ANALOGY IS PRETTY GOOD, THE ANALOGY IS PRETTY GOOD, ACTUALLY. ACTUALLY. ON THIS, THE REPUBLICANS HAVE ON THIS, THE REPUBLICANS HAVE ONLY THEMSELVES TO BLAME. ONLY THEMSELVES TO BLAME. IF YOU REMEMBER WAY BACK WHEN IN IF YOU REMEMBER WAY BACK WHEN IN THE DIM PAST, LIKE A YEAR AND A THE DIM PAST, LIKE A YEAR AND A HALF AGO, THERE WAS A GENTLEMAN HALF AGO, THERE WAS A GENTLEMAN WHO WAS A HEAD OF THE SENATE WHO WAS A HEAD OF THE SENATE FOREIGN RELATIONS COMMITTEE, MR. FOREIGN RELATIONS COMMITTEE, MR. BOB CORKER AND CORKER WANTED TO BOB CORKER AND CORKER WANTED TO PUT ON THE FLOOR OF THE SENATE A PUT ON THE FLOOR OF THE SENATE A PROVISION TO TAKE BACK TRADE PROVISION TO TAKE BACK TRADE AUTHORITY FROM THE PRESIDENT. AUTHORITY FROM THE PRESIDENT. THE ONLY REASON TRUMP HAS THE THE ONLY REASON TRUMP HAS THE POWER TO DO THIS IS BECAUSE POWER TO DO THIS IS BECAUSE CONGRESS GAVE IT AWAY. CONGRESS GAVE IT AWAY. HE COULDN’T GET A SINGLE HE COULDN’T GET A SINGLE REPUBLICAN TO GO ALONG. REPUBLICAN TO GO ALONG. SO FAST FORWARD UNTIL NOW, SO FAST FORWARD UNTIL NOW, CORKER IS OF COURSE RETIRED AND CORKER IS OF COURSE RETIRED AND THEY SAY, OH, MY GOSH, THE THEY SAY, OH, MY GOSH, THE ECONOMY MAY GO UP IN SMOKE AND ECONOMY MAY GO UP IN SMOKE AND WITH IT OUR REELECTION CHANCES. WITH IT OUR REELECTION CHANCES. THIS IS A PROBLEM OF THEIR OWN THIS IS A PROBLEM OF THEIR OWN MAKING. MAKING. AND FRANKLY, IT GOES BACK TO AND FRANKLY, IT GOES BACK TO THEIR DECISION TO PLAY ALONG THEIR DECISION TO PLAY ALONG WITH PULLING THE PLUG ON TPP, WITH PULLING THE PLUG ON TPP, WHICH WAS AN EXCELLENT STRATEGY WHICH WAS AN EXCELLENT STRATEGY FOR DEALING WITH THE CHINDSESE, FOR DEALING WITH THE CHINDSESE, WOULD HAVE BOXED THEM OUT, WOULD HAVE BOXED THEM OUT, LIGHTEN UP OUR DEMOCRATIC ALLIES LIGHTEN UP OUR DEMOCRATIC ALLIES IN ASIA. IN ASIA. THEY WERE QUIET. THEY WERE QUIET. THEY WERE QUIET WHILE HE’S BEEN THEY WERE QUIET WHILE HE’S BEEN PICKING PICKING PICKING FIGHTS WITH NATO ALLIES. PICKING FIGHTS WITH NATO ALLIES. NOW THEY’RE IN THE SOUP. NOW THEY’RE IN THE SOUP. THEY COULD VOTE TO TAKE BACK THEY COULD VOTE TO TAKE BACK TRADE AUTHORITY BUT DON’T HOLD TRADE AUTHORITY BUT DON’T HOLD YOUR BREATH. YOUR BREATH.>>TARIFFS HAD ALWAYS BEEN THE>>TARIFFS HAD ALWAYS BEEN THE PROVINCE OF THE CONGRESS AND PROVINCE OF THE CONGRESS AND SPECIFICALLY UNDER CONGRESSIONAL SPECIFICALLY UNDER CONGRESSIONAL AUTHORITY EXCEPT FOR THIS ONE AUTHORITY EXCEPT FOR THIS ONE LITTLE EXCEPTION, AND IT’S A LITTLE EXCEPTION, AND IT’S A LITTLE EXCEPTION, AND IT LITTLE EXCEPTION, AND IT INVOLVES NATIONAL SECURITY. INVOLVES NATIONAL SECURITY. THE PRESIDENT HAS THE AUTHORITY THE PRESIDENT HAS THE AUTHORITY TO IMPOSE TARIFFS IN THE TO IMPOSE TARIFFS IN THE INTEREST OF NATIONAL SECURITY. INTEREST OF NATIONAL SECURITY. PRIOR TO DONALD TRUMP, NO ONE PRIOR TO DONALD TRUMP, NO ONE EVER THOUGHT THE CHINESE EVER THOUGHT THE CHINESE WASHINGTON MACHINES WERE A WASHINGTON MACHINES WERE A NATIONAL SECURITY ISSUE. NATIONAL SECURITY ISSUE. JASON, LET’S JUST FOR THE MOMENT JASON, LET’S JUST FOR THE MOMENT LEAVE ASIDE THE ILLEGALITY OF LEAVE ASIDE THE ILLEGALITY OF THE TRUMP TARIFFS THAT ARE NOT THE TRUMP TARIFFS THAT ARE NOT BASED ON ANY KIND OF NATIONAL BASED ON ANY KIND OF NATIONAL SECURITY CALCULUS BUT LET’S TALK SECURITY CALCULUS BUT LET’S TALK TO THE AUDIENCE ABOUT WHY TO THE AUDIENCE ABOUT WHY TARIFFS ARE NOT THE TOOL, NOT TARIFFS ARE NOT THE TOOL, NOT THE MAGIC WAND THAT DONALD TRUMP THE MAGIC WAND THAT DONALD TRUMP THINKS THEY ARE. THINKS THEY ARE. I MEAN, I THINK WE KIND OF HAVE I MEAN, I THINK WE KIND OF HAVE A FULL DISPLAY OF THAT GOING ON A FULL DISPLAY OF THAT GOING ON RIGHT NOW, BUT WHY DID PRESIDENT RIGHT NOW, BUT WHY DID PRESIDENT OBAMA NEVER SAY, YOU KNOW WHAT, OBAMA NEVER SAY, YOU KNOW WHAT, I’M GOING TO HELP THE DOMESTIC I’M GOING TO HELP THE DOMESTIC MANUFACTURER OF WASHINGTON MANUFACTURER OF WASHINGTON MACHINES BY SLAPPING A TARIFF ON MACHINES BY SLAPPING A TARIFF ON CHINESE WASHING MACHINES. CHINESE WASHING MACHINES.>>TARIFFS ARE ATTACKS ON>>TARIFFS ARE ATTACKS ON AMERICAN CONSUMERS. AMERICAN CONSUMERS. THEY ARE PRETTY REGRESSIVE TAX THEY ARE PRETTY REGRESSIVE TAX THAT COSTS THE MOST AND TAKES THAT COSTS THE MOST AND TAKES THE MOST OUT OF A PAYCHECK OF THE MOST OUT OF A PAYCHECK OF LOW AND MODERATE INCOME LOW AND MODERATE INCOME HOUSEHOLDS AND THEN A NUMBER OF HOUSEHOLDS AND THEN A NUMBER OF THE THINGS WE PUT TARIFFS ON ARE THE THINGS WE PUT TARIFFS ON ARE USED IN AMERICAN PRODUCTION. USED IN AMERICAN PRODUCTION. IN FACT, THERE ARE AMERICAN IN FACT, THERE ARE AMERICAN STEEL FACTORIES THAT ARE BEING STEEL FACTORIES THAT ARE BEING HURT BECAUSE THEY’RE USING SOME HURT BECAUSE THEY’RE USING SOME CHINESE STEEL AND REMAKING IT CHINESE STEEL AND REMAKING IT INTO PRODUCTS IN AMERICA. INTO PRODUCTS IN AMERICA. CERTAINLY AMERICAN AUTO MAKERS CERTAINLY AMERICAN AUTO MAKERS DON’T BENEFIT WHEN YOU RAISE THE DON’T BENEFIT WHEN YOU RAISE THE PRICE OF THE STEEL THEY PUT INTO PRICE OF THE STEEL THEY PUT INTO AMERICAN CARS AND MAKE AMERICAN AMERICAN CARS AND MAKE AMERICAN AUTO MAKERS PAY MORE FOR THAT AUTO MAKERS PAY MORE FOR THAT STEEL THAN JAPANESE OR GERMAN STEEL THAN JAPANESE OR GERMAN AUTO MAKERS ARE PAYING FOR THEIR AUTO MAKERS ARE PAYING FOR THEIR STEEL. STEEL. IT’S BAD FOR CONSUMERS, BAD FOR IT’S BAD FOR CONSUMERS, BAD FOR JOBS, AND, YOU KNOW, WE’RE NOT JOBS, AND, YOU KNOW, WE’RE NOT GETTING ANYTHING IN EXCHANGE FOR GETTING ANYTHING IN EXCHANGE FOR IT. IT. CHINA IS NOT MAKING THE CHINA IS NOT MAKING THE CONCESSIONS THAT WE WERE CONCESSIONS THAT WE WERE PROMISED IF WE WENT DOWN THIS PROMISED IF WE WENT DOWN THIS PATH. PATH.>>JENNIFER, WE KNOW THAT>>JENNIFER, WE KNOW THAT VIRTUALLY ALL REPUBLICANS VIRTUALLY ALL REPUBLICANS SENATORS WERE OPPOSED TO THESE SENATORS WERE OPPOSED TO THESE KINDS OF TARIFFS BEFORE DONALD KINDS OF TARIFFS BEFORE DONALD TRUMP STARTED IMPOSING THEM. TRUMP STARTED IMPOSING THEM. BUT NO REPUBLICAN SENATOR COULD BUT NO REPUBLICAN SENATOR COULD BE MORE OPPOSED TO THEM THAN ROB BE MORE OPPOSED TO THEM THAN ROB PORTMAN WHO SPECIFICALLY WORKED PORTMAN WHO SPECIFICALLY WORKED AS USDR TRADE REPRESENTATIVE FOR AS USDR TRADE REPRESENTATIVE FOR PRESIDENT BUSH AND WORKED ON PRESIDENT BUSH AND WORKED ON THESE ISSUES EVERY SINGLE DAY THESE ISSUES EVERY SINGLE DAY AND HE HAS TO HAVE SEEN THE AND HE HAS TO HAVE SEEN THE DESTRUCTIVE NATURE OF WHAT DESTRUCTIVE NATURE OF WHAT DONALD TRUMP HAS BEEN DOING BUT DONALD TRUMP HAS BEEN DOING BUT IT’S TAKEN THIS LONG, THIS LONG, IT’S TAKEN THIS LONG, THIS LONG, FOR HIM TO BE WILLING TO SAY FOR HIM TO BE WILLING TO SAY PUBLICLY, WE’RE GOING TO HAVE TO PUBLICLY, WE’RE GOING TO HAVE TO REMOVE THESE TARIFFS IN ORDER TO REMOVE THESE TARIFFS IN ORDER TO MAKE PROGRESS. MAKE PROGRESS. COULD WE EXPECT THAT WITH THE COULD WE EXPECT THAT WITH THE ELECTION CALENDAR IN FRONT OF ELECTION CALENDAR IN FRONT OF US, THERE COULD BE A MUCH US, THERE COULD BE A MUCH QUICKER ROAD TO DISSENT OVER QUICKER ROAD TO DISSENT OVER THIS, OVER THE NEXT FEW MONTHS THIS, OVER THE NEXT FEW MONTHS FOR REPUBLICAN SENATORS? FOR REPUBLICAN SENATORS?>>I THINK IT DEPENDS ON WHERE>>I THINK IT DEPENDS ON WHERE THE ECONOMY GOES. THE ECONOMY GOES. IF YOU DO SEE A DOWNTURN, YOU IF YOU DO SEE A DOWNTURN, YOU BETTER BELIEVE A BUNCH OF THEM BETTER BELIEVE A BUNCH OF THEM ARE GOING TO BE MORE FORTHRIGHT. ARE GOING TO BE MORE FORTHRIGHT. IT’S NOT JUST ROB PORTMAN. IT’S NOT JUST ROB PORTMAN. WHY DID MITT ROMNEY RUN FOR THE WHY DID MITT ROMNEY RUN FOR THE SENATE IF HE’S JUST GOING TO SIT SENATE IF HE’S JUST GOING TO SIT THERE LIKE A LUMP ON A LOG. THERE LIKE A LUMP ON A LOG. HE OF ALL PEOPLE UNDERSTANDS HE OF ALL PEOPLE UNDERSTANDS THIS. THIS. HE WAS A FREE TRADER LAST TIME I HE WAS A FREE TRADER LAST TIME I LOOKED. LOOKED. WHY HASN’T HE SAID SOMETHING. WHY HASN’T HE SAID SOMETHING. WHY HASN’T ANY OF THEM SAID WHY HASN’T ANY OF THEM SAID SOMETHING, AND TO GO BACK TO SOMETHING, AND TO GO BACK TO JASON’S POINT, THE WHOLE PREMISE JASON’S POINT, THE WHOLE PREMISE IS RIDICULOUS. IS RIDICULOUS. IF WE HAD 100% TARIFFS ON ALL OF IF WE HAD 100% TARIFFS ON ALL OF THIS STUFF, IT WOULDN’T BE LIKE THIS STUFF, IT WOULDN’T BE LIKE THE SHOE INDUSTRY WOULD REVIVE THE SHOE INDUSTRY WOULD REVIVE IN THE UNITED STATES OR THE IN THE UNITED STATES OR THE INDUSTRY FOR MAKING PLASTIC INDUSTRY FOR MAKING PLASTIC TOYS, THEY WOULD JUST GO TOYS, THEY WOULD JUST GO SOMEPLACE ELSE TO VIETNAM OR TO SOMEPLACE ELSE TO VIETNAM OR TO OTHER LOCATIONS. OTHER LOCATIONS. AND THEN TRUMP WOULD HAVE TO PUT AND THEN TRUMP WOULD HAVE TO PUT TARIFFS ON THEM. TARIFFS ON THEM. IF THE PURPOSE IS TO CREATE A IF THE PURPOSE IS TO CREATE A DOMESTIC MANUFACTURING BASE, THE DOMESTIC MANUFACTURING BASE, THE WHOLE IDEA IS FLAWED. WHOLE IDEA IS FLAWED. WE DO DO MANUFACTURING, BUT AT A WE DO DO MANUFACTURING, BUT AT A VERY HIGH LEVEL, IN VERY SELECT VERY HIGH LEVEL, IN VERY SELECT WAYS. WAYS. AND FRANKLY, MANUFACTURING HAS AND FRANKLY, MANUFACTURING HAS BEEN SLOWING DOWN. BEEN SLOWING DOWN. SO THE PREMISE, THE EXECUTION SO THE PREMISE, THE EXECUTION WAS ALL WRONG. WAS ALL WRONG. AND THE NOTION THAT WE’RE GOING AND THE NOTION THAT WE’RE GOING TO BLAME PETER NAVARRO FOR THIS, TO BLAME PETER NAVARRO FOR THIS, YOU KNOW, LISTEN, THE ONLY THING YOU KNOW, LISTEN, THE ONLY THING DONALD TRUMP HAS BEEN CONSISTENT DONALD TRUMP HAS BEEN CONSISTENT ON HIS WHOLE LIFE IS THIS WRONG ON HIS WHOLE LIFE IS THIS WRONG HEADED VIEW OF TARIFFS AND HEADED VIEW OF TARIFFS AND TRADE. TRADE.>>THE QUINNIPIAC POLL SHOWS A>>THE QUINNIPIAC POLL SHOWS A 54% DISAPPROVAL OF PRESIDENT 54% DISAPPROVAL OF PRESIDENT TRUMP’S POSITIONS ON TRADE, A TRUMP’S POSITIONS ON TRADE, A 38% APPROVAL. 38% APPROVAL. AND SO JASON, I THINK YOU WOULD AND SO JASON, I THINK YOU WOULD HAVE TO GIVE THE AMERICAN PUBLIC HAVE TO GIVE THE AMERICAN PUBLIC A PASSING GRADE ON THAT A PASSING GRADE ON THAT PARTICULAR ECONOMIC LITERACY PARTICULAR ECONOMIC LITERACY TEST. TEST.>>I WOULD BE HAPPY TO GIVE THEM>>I WOULD BE HAPPY TO GIVE THEM A PASSING GRADE, AND, YOU KNOW, A PASSING GRADE, AND, YOU KNOW, ONE THING MAYBE NOT EVERYONE WHO ONE THING MAYBE NOT EVERYONE WHO TOOK THAT POLL IS THAT CHINA HAS TOOK THAT POLL IS THAT CHINA HAS RAISED TARIFFS ON THE UNITED RAISED TARIFFS ON THE UNITED STATES. STATES. THEY’VE ACTUALLY CUT TARIFFS ON THEY’VE ACTUALLY CUT TARIFFS ON THE REST OF THE WORLD, AND SO THE REST OF THE WORLD, AND SO OVER THE LAST 12 MONTHS, THEY’VE OVER THE LAST 12 MONTHS, THEY’VE CUT THEIR IMPORTS FROM THE CUT THEIR IMPORTS FROM THE UNITED STATES, BUT THEY’VE UNITED STATES, BUT THEY’VE RAISED THEIR IMPORTS FROM THE RAISED THEIR IMPORTS FROM THE REST OF THE WORLD. REST OF THE WORLD. THAT’S THE FLIPSIDE OF WHAT THAT’S THE FLIPSIDE OF WHAT JENNIFER WAS TALKING ABOUT, YOU JENNIFER WAS TALKING ABOUT, YOU KNOW, PRODUCTION CAN MOVE TO KNOW, PRODUCTION CAN MOVE TO VIETNAM, BUT ALSO EXPORTS, VIETNAM, BUT ALSO EXPORTS, INSTEAD OF AMERICA EXPORTING, INSTEAD OF AMERICA EXPORTING, YOU CAN SEE OTHER COUNTRIES YOU CAN SEE OTHER COUNTRIES DOING THAT EXPORTING TO CHINA,

100 thoughts on “Fmr. Obama Econ Adviser: Trump Got “Absolutely No Concessions” From China | The Last Word | MSNBC”

  1. MITCH MCCONNELL IS THE LION OF THE SENATE AND WILL GET ANOTHER GREAT CONSERVATIVE SUPREME COURT JUSTICE SOON AS RBG GETS BURIED!💀☠☠☠

  2. The 38% who continues to support this complete failure in life(minus his daddys 410 mill handout), is simply the KKK

  3. But what about the magical phone call that trump says he got, while nobody was looking and he was out of the country? He said the Chinese completely surrendered, but only to him, and only in absolute private. Yeah right.

    Am I seriously to believe that china cowtowed and the best way they could think of to convey this was a private, one time only phone call? A call that left no trace or record, even with Chinese intelligence or the CIA.

    It makes more sense that trump is so desperate that he will manufacture an imaginary phone call to reinforce his claims, and when the Chinese actually say there was no such call and the CIA says there is no evidence of any call, trump cries fake news and starts raving about windmills causing cancer and demanding loyalty from his subjects or else.
    I'll just let you decide.

  4. America, stop blaming the rest of the world and god for trump in the white house. A con man can only con people who are greedy, stupid or vulnerable to the con. Your karma America, pay for it.

  5. Here's a Dose…
    Truth:
    the state of being true without required acceptance.
    synonyms: veracity, truthfulness, verity, sincerity, candor, honesty, genuineness; gospel, gospel truth; accuracy, correctness, rightness, validity, factualness, factuality, authenticity;
    " Scientific InvestigativeTruth as Law or Principle ":
    a set of facts or a belief that is legislated.. accepted as true for Jurisprudence.
    synonyms; assumed fact, verity, certainty, certitude;

  6. Trusting Biggest Loser with our economy? Now, what could go wrong with a failed grifter who couldn't get a loan anymore, except by laundering dirty Russian mafia money?

  7. Trade wars don't have winners, only losers. Worse, Trump feels he has to crush the other side in a deal, not in his nature to conduct a win-win deal. Trump makes impossible demands, guaranteeing deals unlikely to be made, or unlikely to have any lasting success. Biggest Loser's deal making is artificial and artless.

  8. The wall Trump is building is in reality around him, trapping himself within the confines of public disdain, disgust, disapproval, and utter contempt, which he lays down brick by brick, turd after turd, in endless succession. Edgar Allen Poe would have heartily approved.

  9. Jason Furman, thank you, a voice of measured reason re: China. There are good reasons for America to revisit trade policy … Trump impulse and his family apparel industry are not good reasons.

  10. When trump STOLE the presidential election in 2016 the Republicans handed him two things their spines and their ball sacks….

  11. What Trump knows is only the use of monetary revenge. Always tariff and threats. Always demand and threats. And he does not know what is the economy and how the international trade system works with the economy. He knows NOTHING about the economy. He believed stupidly that his tax cut helped the economy. The fact was that tax cut hurt the certain industries and the low income people and he looks at one time statistics to praise himself for the wrong policy. He never worked on the ground and he never was a salaried worker. So what he knows about the economy? None.

  12. Trump is such a moron, once a country stops importing our goods and buys it elsewhere, they dot just come back to buy from us when the tariffs end

  13. Man, have you guys noticed that over the last couple months, all the moron Trump supporting trolls vanished? Where'd they go? It's lonely without their dumbassery to bring laughter to the masses.

  14. 🔴 Watch "American Factory" Netflix. I dare you.
    You'll see what Chinese think of Americans.
    Call us Stupid, lazy, donkey, ect.

  15. How the heck does she know what the republicans are saying, I have not seen any republican make any comment. The only republican I hear from is when Moscow Mitch speaks to his citizens and even that is really rare.

  16. If and when joe Biden loses to Trump in the 2020 election. The democrat establishment elites, msnbc, cnn, and the corporate media will blame Bernie Sanders, Russia, Susan Sarandon, Wikileaks, and Jill Stein again.

  17. Yes, but Putin is getting every single thing he could ever want. Strange how every single policy decision goes in his favor. Actually he is the ONLY one who is winning. Strange unless….. Guess those over 200 conversations between the Russians and Trump campaign worked out to their favor. Good thing there was no "Collusion". Just hacking into Florida's election and now payback…..

  18. No Worries or Hurries Folks… Mr Trump is standing tall and working over time Folks… Relax and enjoy the ride Folks… It's Great…. Thank you Mr Trump Supporters… Bless you all… 2028 fir sure… Tony the 🐯 Tiger say its Great to Be Great…

  19. Trump has screwed us long term with his infantile understanding of economics. Putin couldn't have found a better puppet.

  20. Trump Steaks… Failed after 1 year.
    GoTrump.com …. Failed after 1 year.
    Trump Airlines …. Failed in less than 4 years.
    Trump Vodka …. Failed after 5 years
    Trump Mortgage ….. Failed in 1.5 years
    Trump the Game …… Failed after 1 year
    Trump Magazine …… Failed in less than 2 years
    Trump University ….. Failed in 6 years
    Trump Ice …. Failed after 1 year
    New Jersey Generals …… Failed after 2 years
    Tour de Trump … Failed after 2 years
    Trump on the Ocean ….. Failed after a few months
    Trump Network …. Failed after 2 years
    Trumped! …… Failed after 4 years
    "president" Trump …….. Failed from Day 1

  21. It isn't about China and it isn't about Russia; it's about Trump not keeping his word to re-energize the US manufacturing base; instead he gives us a trade-war because he is absolutely clueless about tooling and manufacturing…made in America or a trade war, which is best for the American people and out nation? We have a dumb-bum congress or they would have already done what's best for our country. Trump isn't worth the time spent on discussing his stupidity.

  22. History has proven that nine out of 10 Republican Administrations have driven the Country's economy down and crashing into Great Depressions/Recessions. GW Bush's Great Recession is still hurting world wide, and Trump's could be staggering! History also proved that the Country's economy, people, and world does much better under Democratic Administrations. Fact check it.

  23. The answer to the question, why the tariffs is very simple, when you take the position that they are intended to produce exactly the results they are producing. Tax cut on corporations, followed by tariff revenue for the government, which reduces purchasing power of earned income and increases economic power of both government and corporations. The process for spending is political at every level of government–in your town, your city and your state government, decisions are made about who gets what, just as we see in Washington. Governments contract out their services to corporations that are politically powerful. Denying environmental responsibility obviously creates expensive and fatal vulnerabilities but its purpose is Keynesian, it provides opportunities for government to dispense funds that grow the economy.

  24. Sanctions tariffs economic decline $24 trillion deficit Trade war with China military confrontation all out war with Iran for darling Isreal is all Trump is ever going to leave us Oh last but not least full blown Recession

  25. Trump tries to bully other countries like he does Americans and they aren't having it…..Trump is wrong about a lot of things, but if all else fails Trump can go golfing take his mind off of it, right? Isn't that what Trump does runs his mouth and golfs?….while everyone else suffers for it….Trump probably has a big supply of clown ties and it looks like he wears the same suit so he is good on clothes so he doesn't care about the American consumer in my opinion….great reporting Lawrence and panel.

  26. China is on the verge of collapse, and it's dickheads like this guy who are propping up the CCP..
    You should be ashamed of yourselves 🖕..

  27. Marilyn Dillard, For one thing your Ancestors changed there name from Edomits to whites in Virginia in the 1600's your father the devill and the lusts of your father ye will doe cave beast.

  28. Until we can wrestle back political power from big corporations, nothing is going to change. Union busting and cheaper labor overseas has destroyed blue collar workers. Dems and Reps both are owned by corporations so along comes Trump promising workers to be their savior while being just a flimflam confidence man. Trump is a symptom of crony capitalism. The excesses of unregulated capitalism is destroying itself. Capitalism is the worst system in the world except for all the other systems.

  29. Jennifer Rubin dresses so that one isn't "distracted"…one concentrates on what she says. Too many female commentators are dolled up, everyday a new hairstyle, often when the camera is so positioned much leg, deeply cut bodices and sleeveless outfits. Great for going out or just celebrating but slightly out of place in this setting.

  30. TPP was a transfer of sovereignty from the governments of the Nations who signed the TPP to the Corporate participants. If a law in any of the Nations threatened the profits of ANY Corporation the Corporations could change the law to ensure the profits. Basically, the TPP was a treaty that placed and guaranteed profits over people. The ultimate Corporate Authoritarianism was hidden from the people by Corporate Media. Obviously, Jennifer Rubin and MSNBC continue to promote the lie.

  31. All this nut bar needed to do; if he had an Once Of sense! Was to carry out MR. OBAMA STARTED AND ✅ DONE! BUT HIS HATRED AND JEALOUSY HAS OF COURSE EATEN HIM AND THE REPUBLICAN CONGRESS UP! TRUMP AND MCCONNELL AND ALL THE REST OF THE EVIL HATERS ON THE REPUBLICAN CONGRESS HAVE NOT ONLY SHOT THEMSELVES LITERALLY IN THE FOOT! THEIR HATRED HAS/IS EATEN THEM UP FROM THE INSIDE AND HURT THE NATION! NONE OF THEM WILL SAY ANYTHING BECAUSE OF THEM HAVE TO ADMIT THAT MR. OBAMA WAS RIGHT AND THEY WERE WRONG! AND THEY WILL HAVE TO EAT CROW DOWN THROUGH HISTORY!!

  32. THIS HATRED FROM THE REPUBLICANS TOWARDS MR. OBAMA HAS NO DOUBT HAS LITERALLY DESTROYED THE AMERICAN FARMERS AND TAKEN AWAY JOBS THAT WERE FALSELY PROMISED BY TRUMP WHO KNOWS NOTHING NOTHING NOTHING ABOUT ECONOMICS AND FOREIGN POLICIES AT ALL! EVEN THOUGH HE CLAIMS TO HAVE BEEN A “WHARTON BUSINESS GRADUATE!” WHAT A TOTALLY AND COMPLETE FAILURE AND LOSER! ALL OF THE REPUBLICANS HAVE PROVEN THEMSELVES TO BE MONEY GRABBING EVIL LOSERS! AND THEY ALL NEED TO BE LITERALLY “FIRED!” 🔥🔥🔥🔥🔥💥💥💥💥🔥🔥🔥🔥🔥

  33. Republicans support Trump because “the economy”.
    The tax cut added billions to the annual federal budget deficit. In an attempt to reduce the deficit – without significantly cutting spending or increasing taxes – Trump introduced tariffs (taxes not requiring congressional approval).
    Trumps economic policy simply props up a failed economic policy (supply side economics) by “robbing Peter to pay Paul” and the consequences will be devastating.

  34. To address the trade imbalance you have to go to the heart of the problem, American businesses, consumers and workers. This is never discussed in the media. American businesses will find the cheapest way to produce any goods to maximise profits and the American consumers want to buy the goods as cheaply as possible. If these goods are entirely sourced and produced in the US the American consumer would not buy those goods for what they cost to be made. If American businesses pay the same level of wage as those in the Asian markets the American workers will not be able to earn a living. This is why America cannot win this trade war. It means balancing wage demands, profits and price and these 3 factors pull in different directions and one or two of these factors will have to suffer. Trump will not hesitate to burn the American worker. The American workers will eventually see this and he hopes it is after the next election. Wake up America and smell the coffee.

  35. Dombo taking on China is taking on China Obama never did you will see who wins in2020 tariffs do work wen the the economy is up Obama never could do it, you are wrong they cut tariffs because they need to sell There economy is halting because of the tariffs you guys have no clue. whats going on China is riping you of billions of dollars taking away jobs and know-how. real educated thinking guys greetings from Holland

  36. yeah you Republican rhinos have sold the USA out for years its pretty clear we need a revolution to deain the swam0

  37. There's been a trade imbalance for decades and finally someone does something about it. How many jobs have the USA lost because of companies outsourcing to China? How many men are there in the USA who can't marry because they have no manufacturing jobs? All of the jobs being outsourced are causing a lot of social problems. At the same time, China is a country that has always been at trade war with us but we never with them. Meanwhile, there are underlying issues that are not only against the US economy but against US freedoms. Only tariffs can open eyes of the Chinese to begin to solve the problem. What's bad for jobs in the USA is the rise of China..

  38. After this president, we need to severely curtail the sweeping unchecked powers associated with the executive branch……

  39. The commitment to tribalism of the 2019 GOP  —

    Has virtually Guaranteed its Own too-clever-by-half Self-Design For Failure as a political party of the USA in 2020…

  40. This is not like any other recession, no one has a cure for it, Trump is causing a catastrophe not just a recession……markets are being lost, other countries are supplying the needs that were once America's markets, they are lost forever…….for America……….Lindsey Graham is right ….a lot of pain is on the way!

  41. Wasn’t MSNBC very critical of TPP before the US withdrew? Now it was an “excellent agreement”. Given what you’re trying to stand apart from…

  42. But here is the point: 38% of people APPROVE of his trade policies. Where are those 38%? In just enough over-represented red states to give him 270 electoral college votes. Hilariously, those states have the very industries most hurt by his dumb tariff war. But they will continue to vote for him no matter what. Maybe some Drumpf supporters are not racists, but all of them are either woefully uniformed or just plain dumb. Go USA.

  43. Marilyn Dillard, this vagabond believe there kind will live forever that Slavery money ESAU AKA Caucasian is living off is all but goin,the debt dollar has run it's course, No more [ White Man's Burden Consisted of the Three C's Colonialism, Civilization, Christianity. For ESAU AKA EDOMITS, PSALM 58v2-3 Yea,in heart ye work wickedness ye weigh the violence of your hands in the earth.

  44. I work at an electronics factory and since Trump's inauguration we went from 300+ employees to about a quarter of that. My workload went from having a full day of things to get done to just trying to find things to do to fill out the day. A lot of our tools and parts come from China and now we are struggling just to get the things we need on time. This president is garbage and is hurting the hard working American people.

  45. Trump is proof that any belligerent, lying, sociopathic, sob can become President. Now, let’s build a Space Fort! 😆

  46. Trump is absolutely DOMINATING China right now. This so-called former advisor is why the Odumbo admin got it wrong consistently for 8 looooong years. If the Chinese are 'slow footing' it it's because they will work with America haters in the USA (demokkkrat party and foreign nationals) to insure Trump doesn't win so they will only have to deal with a 'bend over and say AHHHH' demokkkrat! And where is the UN in regards to Hong Kong. Apparently they are ONLY concerned with murdering Jews and Christians.

  47. A trade war is not really a war.What we need is exchange; I will give you a cashmere sweater if you will give a lawn mower

  48. This is a hard issue for politicians. Demagogues including Trump and Bernie Sanders have hyped the idea that the US needs trade wars. So now there's a whole lot of people out there thinking that China has screwed them and a trade war with China is a good thing. In defense of Bernie Sanders I don't think he would have blown up the deficits which is a major factor in the expanding trade deficits today. I also don't think he would have taunted and insulted China before sitting down to negotiate with them like Trump did. Trumps taunts and insults have put China in a place where intransigence is almost forced on them. But Bernie Sanders is one of the reasons that the support for trade protectionism has grown. It is failing miserably but there is still strong support for it on the left and the right.

  49. he cannot admit he is wrong this is the whole problem and he cannot take advice this is the other problem, he always made decision on gut instinct and look how well that has gone for him

  50. The “Chosen One” Scump Trump, was chosen by ex-KGB operative of Russia to do his bidding at the G7. Scump is in love with Putin – Scump is in love with Kim Jong-un. He refers to himself as a God and the king of Israel. Every day Scump Trump is like the embarrassing drunk uncle and the fact is, the citizens of the world look at us, the American people, as fools. Scump Trump is not a God, not a king, not an “honest Abe”, however he is a mentally unstable, narcissist, self loving pig! I am sick of Scump Trump's white nationalist, fascist, divisive, racist and destructive rhetoric.

  51. Wow! That is brilliant from China in lowering tariffs from the rest of the world. America is going to be hurt by Trump's policies for decade's to come.

    The Trump name (and America by extension) will become synonymous with loser forever.

  52. Tariffs take the money out of American paychecks. China laughs at the occupant in the white house with his failed deal and give no concessions. Call Congress 202-224-3121 for impeachment as our economy tanks.

  53. Chinese authorities have let the yuan’s exchange rate depreciate by about 15 per cent against the US dollar since the onset of the US trade conflict in March of last year and will (in my opinion) continue to devalue this currency until it fully offsets Trump's tariffs.

  54. A simple example. I buy a product in China for $100 dollars that I sell in the U.S. for $110. Trump slaps a 10% tariff on that product. It now costs me $110 dollars. I sell the product for $120 ($110 plus $10) passing the cost of the tariff to consumers. China reacts by devaluing (making the Yuan weaker so I get more Chinese goods for my dollar) their currency so that instead of it costing me $100 dollars the product costs me $90 dollars. I pay a 10% tariff on this new cost. So now it costs me $100 dollars (rounded up from $99 dollars). I sell the product for $110. Who paid the cost of the product? Well technically I did but my costs did not change. Who really paid the tariff? It's obvious the Chinese did by lowering the value of their currency. To date the Chinese have devalued their currency by 15%. Expect this to increase to 30% to fully offset the tariffs.

  55. Ths Deepstate fake news Brain Washing Garbage is so FUNNY!!! These MSM jokers are trying so hard , its so FUNNY!!! or should I say SICKENING!!!!

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