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Trump has done a ‘dramatic turnaround’ to the economy: Marc Short


STORY THIS HOUR, U.S.-CHINA TRADE UNCERTAINTY THE FOREIGN MINISTER NOMINATE AWARE OF CALLS PRESIDENT TRUMP SAYING THERE WERE TWO CALLS AT G7 SUMMIT LATEST ROUND ON 300 BILLION DOLLARS OF CHINESE GOODS, SETTLEING TO INTO EFFECT ON SUNDAY, SOME OF THOSE GOODS THE TARIFFS ARE DELAYED AND UNTIL DECEMBER 15th JOINING ME CHIEF OF STAFF TO VICE PRESIDENT MIKE PENCE, MARK SCHOR CAN YOU GIVE A REALITY CHECK ON BACK-AND-FORTH OVER THESE PHONE CALLS.>>SURE THE PRESIDENT SAID THERE HAVE BEEN SOME CALLS THERE CONTINUE TO BE CONVERSATIONS DAGEN THE BIGGER PICTURE I CAN’T SIT HERE TELL YOU WHEN THERE WILL BE A DEAL I AM OPTIMISTIC EVENTUALLY WE WILL GET A DEAL, BUT I THINK THE PRESIDENT HAS BEEN VERY CLEAR ABOUT THIS IS POSITION HERE FOR MANY YEARS WE’VE HAD ADMINISTRATIONS BASICALLY PROVIDED CHINA WITH ABOUT FAVORABLE TERMS IN WHICH THEY’VE CONTINUED TO VIE RATE THOSE CONTINUES FORCED TRANSFER OWNERSHIP MANIPULATION CURRENCY THIS PRESIDENT SAYS HE IS NOT DOING THAT TO PROTECT THE AMERICAN WORKER BECAUSE MANY JOBS HAVE BEEN LOSS TO THE OTHER COUNTRIES HE HE IS GOING TO STAND UP TO CHINA UNLIKE PREVIOUS ADMINISTRATIONS. DAGEN: IN ORDER TO STAND UP TO CHINA, AND FIGHT THE THEFT OF OUR INTELLECTUAL PROPERTY, THE FORCED SURRENDER OF TECHNOLOGY ESPIONAGE TO LET AROUND THE GLOBE IF YOU LOOK FROM 35,000 FEET THIS IS SOMETHING THAT IS LIKELY NOT GOING TO GET RESOLVED BY THE ELECTION NEXT YEAR. IS THAT SAFE TO SAY HOW WOULD YOU REACT TO THAT?>>NO, I WOULDN’T I WOULDN’T BE THAT — I THINK RIGHT NOW THE REALITY IS WE CONTINUE TO SEE STATS MANUFACTURING, LEAVING CHINA AND MANY CASES GOING TO PARTS OF IB ASIA RETURNING HERE TO UNITED STATES WHERE THIS PET HELPED MAKE A REGULATORY BURDEN A LOT LIGHTER TAX REFORM TO ENCOURAGE COMPANIES COME BACK HOME SO WE THINK THAT CHINESE HURTING, THEIR ECONOMY IS GROWING SLOWEST PACE IN OVER 30 YEARS, SO WE FEEL THAT THERE IS A LOT OF PRESSURE ON CHINA FOR THEM TO REACH A DEAL AND TO HOLD THEIR COMMITMENT TO THAT DEAL SOMETHING WE HAVEN’T SEEN IN THE PAST NO, I WOULDN’T SAY THAT A DEAL IS NOT POSSIBLE BEFORE ELECTION OF 2020 I THINK THAT THE PRESSURE THIS ADMINISTRATION, THIS PRESIDENT HAVE APPLIED TO CHINA HAS PUT THE THEM IN A POSITION WHERE THEY ARE MORE ANXIOUS TO MAKE A DEAL.>>HE FARMERS IN THIS COUNTRY CLEARLY ARE SEEING THE PRESSURE FROM RETALIATION PARTICULARLY FROM CHINA WE CAN GET INTO THE NEW — TRADE DEAL WITH JAPAN. BUT FARMERS ARE UPSET AND CHINA CLEARLY TARGETING AREAS OF THE TUN VOTERS CAME OUT THE FOR PRESIDENT TRUMP IN 2016. IS IT POSSIBLE WE SEE MORE AID FOR THE FARMERS? I THINK BY MY CALCULATION THERE ARE TWO WITH FINANCIAL AID PACKAGES SO FAR TO THE FARMING COMMUNITY TOTALING 28 BILLION DOLLARS IS THAT SOMETHING — ADDITIONAL FUNDS SOMETHING THAT IS POSSIBLE ABOUT?>>DAYS AGOEN DO I THINK CHINA WILL CONTINUE TO TARGET THEM, AND I THINK THAT THE PRESIDENT WIDESPREAD SUPPORT ACROSS AGRICULTURAL COMMUNITIES ACROSS UNITED STATES THING WE CAN DO MOST IS ACTUALLY GET CONGRESS TO PASS USMCA DEAL IN MANY CASES THEIR MARKETS YOU WERE CLOSED DAIRY FARMERS THIS PRESIDENT OPENED WITH CANADA SIGNIFICANT TRADE WITH MEXICO AS WELL. SO THE BEST THING THAT WE CAN DO FOR THEM IS CONTINUE TO OPEN UP ACCESS TO MARKETS AS THIS PRESIDENT ELSE DOING WITH JAPAN IN AN EFFORT OF TRYING TO DO NU MANY CASES, OUR MARKETS OUR PRODUCTS HAVE BEEN CLOSED, HE IS TRYING TO HE LOWER THOSE BARRIERS TO ENTRY SO WE HAVE MORE FREE TRADITION I HAD.>>LET’S TALK ABOUT THAT THE PUSH FOR A VOTE ON USMCA. VICE PRESIDENT MIKE PENCE LOOKING TO SWIN LOOKING TO DEIN LOOKING TO DEMOCRATS TO PRESS UNANIMOUS BRING TRADE AGREEMENT TO A VOTE “THE WALL STREET JOURNAL” ALSO HAS AN ARTICLE ABOUT DEMOCRATS LIKE COLIN ALLRED IN TEXAS, WHO REALLY TRYING TO PUSH THIS TALKING TO BUSINESSES, ABOUT THE NEED FOR A VOTE ON IT. CAN YOU GIVE US ANY DAEM O CAN YOU GIVE US ANY DETM O CAN YOU GIVE US ANY DETAIO CAN YOU GIVE US ANY DETAIL BEHIND SCENES.>>AMBASSADOR RITE LIGH>>AMBASSADOR LITE LIGH>>AMBASSADOR LIGH LIGH>>AMBASSADOR LIGHTHIGH>>AMBASSADOR LIGHTHIZH>>AMBASSADOR LIGHTHIZER ENCOURAGING NEGOTIATIONS WITH PELOSI CONGRESSIONAL DEMOCRATS WE REMAIN OPTIMISTIC WE WILL GET A VOTE THE VICE PRESIDENT AS YOU KNOW SPENT MUCH SUMMER TRAVELING ACROSS THE COUNTRY MANY CASES TO DEMOCRAT DISTRICTS TO TALK ABOUT BENEFITS OF USMCA TO THOSE DISTRICTS YOU LOOK AT SOMEBODY LIKE HAVE COLIN PERSON DEMOCRAT CHAIRMAN AG COMMITTEE IN MINIMUM SO THE GREAT DEAL FOR DAIRY FARMERS THERE YOU LOOK AUTO MANUFACTURES JOBS FLEE OUR COUNTRY LABOR UNIONIZE SPORT FOR NEW DEAL MUCH MIDWEST THAT IS WHERE THE VICE PRESIDENT HAS BEEN TRAVELING TO MAKE THE CASE TO THOSE CONSTITUENTS, SO DEMOCRAT MEMBERS GO TO SPEAKER PELOSI SAY WE NEED TO HAVE A VOTE ON THIS AGAIN WE REMAIN OPTIMISTIC WE WILL, BUT DAGEN STEP FACT A SECOND SAY IF YOU ESSENTIALLY THIS DEMOCRATS DENY A VOTE WHAT THEIR HE TELLING THEIR CONSTITUENTS IS WE PREFER NAFTA WE PREFER THE DEAL THAT WE’VE SEEN THOUSANDS OF JOBS FLEE THOUSANDS OF JOBS FLOW TO SOUTH OF THE BORDER THAT IS PREFERENCE TO LEAVE STATUS QUO OF NAFTA SAYS THAT ESSENTIALLY WHAT THEY ARE SAYING IF THEY DENY A VOTE AGAIN WE THINK WE WILL GET A VOTE FALL WE ARE CONFIDENT IF WE GET A VOTE WILL PASS WE I THINK THIS PET NEGOTIATED BETTER DEAL WITH MEXICO CANADA TIME TO GET IT DONE, AS YOU SAID, IT WILL BENEFIT MANY COMMUNITIES IN OUR COUNTRY, AGRICULTURE AND AUTO MANUFACTURING. DAGEN: TURNING TO BORDER THE DEPARTMENT OF HOMELAND SECURITY PLANS TO DIVERT 271 MILLION DOLLARS WORTH FUNDING O MOSTLY FOR HURRICANE RELIEF AND ALLOCATE TO DETAINING REMOVING ILLEGAL IMMIGRANTS, YOUR REACTION TO THIS? BECAUSE PEOPLE ON THE OTHER SIDE OF THE AISLE ARE LOSING THEIR MINDS.>>UH — THAT IS HYSTERIA IN REALITY IS THAT THIS IS SOMETHING THAT REPUBLICAN AND A DEMOCRAT ADMINISTRATIONS DO SKAJT REPROGRAM DOLLARS YOU DO THAT SUBMIT REPROGRAMMING TO CONGRESS, SO THIS IS THIS IS PRETTY MUCH STANDARD OF OTHER ADMINISTRATIONS AS WELL A THIS PRESIDENT SAID WE HAVE A NATIONAL SECURITY CRISIS ON OUR BORDER, DEMOCRATS FOR MANY, MANY MONTHS HAVE DENIED THERE WAS ANY SORT OF THE CRISES NOW THEY AT LEAST ACCEPT THERE IS A CRISES THIS PRESIDENT TAKES EVERY ACTION HE CAN TOLD AMERICAN PEOPLE MAKE SURE OUR SOUTHERN BORDER IS SECURE, AND PART OF THAT PROCESS IS REPROGRAMMING DOLLARS WHEN YOU HAVE AVAILABLE.>>I WANT TO MOVE ON TO LET’S TALK ABOUT FORMER NEW YORK FEDERAL RESERVE PRESIDENT BILL DUDLEY WROTE OP-ED FOR BLOOMBERG HE TITLED THE FED SHOULDN’T EN ABLE DONALD TRUMP SOME OF WHAT HE WROTE TRUMP’S REELECTION ARGUABLY PRESENTS A THREAT TO U.S. AND GLOBAL ECONOMY, TO THE FED’S INDEPENDENCE AND ABILITY TO ACHIEVE EMPLOYMENT AND INFLATION OBJECTIVES IF GOAL OF MONETARY POLICY TO ACHIEVE THE BEST LONG-TERM ECONOMIC OUTCOME THEN FED OFFICIALS SHOULD CONSIDER HOW DECISIONS WILL AFFECT THE POLITICAL OUTCOME IN 2020. THE FEDERAL RESERVE HAD TO TAKE UNIQUE STEP TO FIRE BACK IN A STATEMENT, SAYING THIS IS “THE WALL STREET JOURNAL,” THE FEDERAL RESERVE POLICY DECISIONS ARE GUIDED SOLELY BY CONGRESSIONAL MANDATE TO MAIN CRIES STABILITY MAXIMUM EMPLOYMENT POLITICAL CONSIDERATION PLAY ABSOLUTELY NO ROLE, YOUR THOUGHTS ON THIS?>>.>>WELL, WHEN YOU TALKED ABOUT THREATENING THE ECONOMY LOOK AT WHAT HAPPENED OVER THE LAST FEW YEARS, THE AVERAGE HOUSEHOLD, INCOME IS INCREASED OVER 15,000 DOLLARS, LAST TWO YEARS DONALD TRUMP AS PRESIDENT YOU HAVE SEEN UNEMPLOYMENT NOW AT HISTORIC 50 YEARS LOWS UNDER 4% LONGEST TIME LOEST UNEMPLOYMENT FOR HISPANIC AMERICANS EVER LOWEST UNEMPLOYMENT FOR AFRICAN AMERICANS OVER SIX MILLION NEW JOBS.>>THREAT TO ECONOMY? IT WILL SEEMS THIS PRESIDENT HAS DONE A DRAMATIC TURNAROUND TO THIS ECONOMY IF PRENATAL WHAT WE’VE SEEN A DIVERSION BETWEEN OTHER COUNTRIES MONETARY POLICY IN ESSENCE PROVIDING NEGATIVE YIELDS AT THIS POINT THIS PRESIDENT SAID FED SHOULD BE FOCUSED ON INFLATION BY ALL ACCOUNTS THERE IS NO MEASURE OF INFLATION YOUR QUOTE I THINK CITES A CONCERN FOR SOME OF US, ABOUT A DUEL MANDATE THAT SAYS — INFLATION –>>I WANT TO PLAY DEVIL’S ADVOCATE IF YOU LISTEN TO OTHER SIDE OF THE AISLE THEY WOULD SAY PRESIDENT TRUMP HAS IN SOME NANS RIGHTFULLY ATTACKED THE FED POLICY PARTICULARLY LAST YEAR WHEN THEY I THINK HINDSIGHT CLEARLY MADE A POLICY A MISTAKE PRESIDENT TRUMP AHEAD OF THAT BUT PRESIDENT TRUMP HAS TAXED SAY WHAT HE SAID ABOUT ABOUT JAY POWELL ABOUT VERSUS XI JINPING ON TWITTER SOMEHOW THE PRESIDENT HAS OPENED THE DOOR TO THESE KIND OF POLITICAL — POLITICIZATION OF THE — OF THE A CENTRAL BANK AND THESE KIND EVERY ATTACKS FROM SOMEBODY BILL DUDLEY WHO DOESN’T WORK IN FED ANYMORE WHAT DO YOU SAY TO THAT.>>I THINK OTHER PRESIDENTS HAVE COMMENTS MONETARY POLICY MANY TIMES THIS PRESIDENT FEELS STRONGLY THE MONETARY POLICY WE ARE PURSUING IS

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