17 Burst results for "Council Economic Advisers"
"council economic advisers" Discussed on Newt's World
"Want you to depend on them for your safety. And it. Never lead to the kind of tremendous growth. And prosperity. That you see in a country like America. The envision centers really come back also to you cheering the White House. Opportunity. Revitalization. Council. Opportunity zones which I guess. Tim Scott played a major role in getting the president signed up and getting a bill through the Congress in your judgment or they actually making an impact because was over eight thousand opportunity zones already. Eight, thousand, seven, hundred, and sixty one to be exact all over the country, and this has resulted from the twenty seventeen tax cuts and jobs act. So that people could invest unrealized capital gains. into. That were designated by each of the governor's each they. As economically deprived areas. and. If they left the money for five years, they get a ten percent detriment in the capital gains they have to pay on their original investment that moves up to fifteen percent. If they leave them for seven years, they don't have to pay any capital gains on the new money realize as a result of the investment if they leave it in for ten years. So it's a tremendous and distant, and it was expected that over the ten year period, it would attract about a hundred billion dollars. Well, in the first two years, it's really tracked seventy five billion dollars. And the C the Council Economic Advisers. That report in August to the president on opportunities on demonstrating that poverty. And they are Tunisians decrease but eleven percent a million people be lifted out of poverty. And just naming an area as a opportunity show increases the housing values by one point, one percent resulting in A. Eleven billion dollar new wealth increase in those areas, those areas where disadvantage people. That's why you don't hear as much criticism now about this only helping the wealthy because those numbers have come out is pretty hard to argue with the fax. And if you combine that with. Where we were in February one of the lowest. african-american on the Lowest Latino unemployment numbers in history. The really are a lot of positive. Under currents that are moving towards. Individuals and families having better launch. That's exactly right and having an economy. And this is something that I think people don't think about having an economy that was so strong. That, it could withstand six months of shutdown. And still be functioning and actually starting to rebound is truly amazing. And if we get rid of the silliness and the partisanship and hoping for failure and trying to do things because other people that fail so that you can get power. Can. You imagine what would happen with our economy and with the lives of all of our people, and that's where we need to get once again. I agree and I think you're personally doing a lot to move in that direction and part of that. Also, if I understand, it has been eliminating a lot of the various regulatory barriers that tied people's Sansa couldn't use commonsense. Yeah. That's probably been much more important even than the tax cuts tax cuts are nice but having a situation where people's entrepeneurship spirit. And Innovation. Can actually manifest because you're not being slammed down by a ton of regulations and bureaucrats. Is What has allowed us to survive this corona virus pandemic? That's going on. There have been new businesses that have cropped up during the pandemic simply because we have removed some any of those regulations if we can continue to keep that the case. The. Back will be just very dramatic, and hopefully after the election, we can make a lot of progress with Kronos, Irish. I think there's been some decreased.
"council economic advisers" Discussed on Bloomberg Radio New York
"I'm Christopher Cruz Thiss is Bloomberg Wall Street Week with David Westin from Bloomberg Radio to take us through the economy under President Trump? We convene on our virtual roundtable contributors, Larry Summers, who served under President Clinton as treasure secretary and then as the director. Of the National Economic Council under President Obama and Glenn Hubbard, who served as chairman of the council Economic Advisers under President George W. Bush. So let me start since we're talking out of AA candidate for President Trump on the Republican side, Glenn, we start with you. When you hear the plans that were being told for the second four years will they get us that full employment that President Trump really promised? Well, I think conventions are obviously great Theatre. The president was pointing back to the pre covert world and he could point to some good successes. He did have success with the economy. Unemployment was very low market valuations were very high GDP growth was solid. I think he could well point to the tax cut on Jobs Act on he could point to his regulatory agenda. Having said that there is uncertainty about trade policy and what missing was missing to me was a since war of the future. Hey, talks about make America great again. I'd like to see Make America flourish again. What would it take to get every American to participate and prosper? I think their ideas their on the Republican side, But I wish Maura them had been at the GOP convention. Eso lo really bring you in on the other side of this is that word is what you heard from. Former vice president Biden gonna get full employment either when he's talking about something $3.8 trillion in new taxes. Is that what this economy needs right now? This economy needs a serious program of public investment. And some part of that public investment programme will pay for itself. And some part of that public investment program is rational to finance with debt. Some part of that public investment program probably should be paid for with tax increases, especially when those tax increases would make the economy fairer. Dad would also make the economy more efficient. We don't serve any useful purpose. By failing to collect $500 billion a year, most of it from the highest income people because we don't do a competent job of enforcing the tax law. We could move towards fixing that raised trillion dollars over the next decade from high income people and close tax shelters at the same time. We've got a variety of loopholes and special breaks that divert resources into inefficient uses and cost the government a ton of revenue. A famous carried interest provisions is one example in that regard. Those are candidate for rational tax reform, but at the same time would finance government doing what it needs to do. Time for that. I think there are people who have the idea that caused by envy. We should have tax increases in order to tear down the ridge. I think that would be a mistake. There are people who had the idea that we should have tax increases for the sake of having tax increases or justice a device for reducing the deficit. I think that's a mistake. What should we pay for some portion over time of the Huge public investment We need Yes, I think way we should. And I think that's the spirit in which Vice President Biden has talked about a tax increases so clean. What about it here from Larry that it's a matter of public investment, which really is what we need right now on the Republican side for President, Trump said. Let's cut the capital gains tax will private investment Is that the most efficient way really get investment, or is Larry right? Well, I think public investment is very important. We need a strong infrastructure program, not just physical but also technological. We're seeing that play out before our very eyes. It's hard to disagree with Larry on issues like avoiding tax avoidance. Of course, we should do that. Having said that is Vice President Biden serious about a large tax increase on business and business owners? In a recession or an incipient recovery. We've got very large proposed increases in the corporation tax on individual tax rates and the most radical expansion of the payroll tax not to be used for Social Security. Do you be used for other purposes, So the Biden plan may have been developed at a time and a place but we're not at that time in that place. So while I don't disagree with Larry, it's not really the Biden plant. Okay. So fairly quickly, Larry. More or less yes or no? Do you think Vice President Biden is serious about that $3.8 trillion tax increase? I think Vice President Biden He is serious about a major increase in public investment and paying for an important part of it, though not necessarily all of it. And I think that's the right thing to do. I do not think that it's anybody's intention to impose a major new set of austerity on the current economy. Glenn and I may have a disagreement the business community before the Trump tax cuts thought it would be fantastic at the corporate tax rate cut to 25. Percent. In fact, it was cut to 21%. There were a scent of tax cuts proposed for non corporate businesses that nobody was even asking for. I think we should repeal and replace some of that and use the revenues to push the economy forward for everyone. And I think that is the right thing to do. And that's the spirit of the of the Biden Planas. I understand Larry. I think you get a victory lap this week because over five years ago you wrote the financial times, and I'll quote it. The Fed could inject much needed confidence in the economy today and minimize future risks by announcing and following a strategy of not raising rates until it sees the whites of inflation's eyes as best. I understand that's sort of what J Paul said. This week isn't just more lies exactly what he said. I think, he said two important things. He made clear that the 2% figure was a two sided target. After a decade of being below 2%. It would be okay with him if we're above 2% For a while and we weren't being religious about 2% is the ceiling. That's what I and many others have been advocating for a long time. And he also said that he was going to reject what has been a Fed staff preoccupation for a long time. The Phillips curve idea. That we should stop the party before it gets started by raising rates. When it looks like the economy is going to be really strong and unemployment, it's going to be low and wages. We're going to rise fast. The last last people to be higher or going to be hired, and employers are going to be reaching for less skilled workers and those with some blood on their backgrounds. That we're not gonna cut off the economy's growth when those kinds of things happen until we actually see inflation materialized by those air to welcome welcome and frankly overdue changes in Perspective from the fat and they're things that I've been calling for for half a dozen years in recognition of the fact that our economy is basic problem. Isn't an inflationary gap. It's a deflationary gap where saving succeeds investment and that pushes interest rates too far down. Causes money to flow into liquid assets that then get inflated and caused bubbles on DH risks. Too much sluggishness in the economy. So I think the bad has Moved a substantial distance in the right direction. I think they still got some way to go in terms of recognizing the limits of what they're able to Dio and Putting the right kind of pressure on other policies to pushed a man forward. Well, let's talk about those limits. Exactly. Glenn. Let's assume you agree with Larry. They essentially more or less from better late than never, But same time. Is this the cure for what ails us right now? Because this doesn't get rid of Corona virus. It doesn't get increased productivity. It doesn't get gross going. This story does it? I think it's a It's a good step. I, too, have called for average inflation targeting for some time, but it's not a free lunch, and it does give the Fed room to let the economy run hot. It's a good thing..
"council economic advisers" Discussed on Hear the Bern
"I've already placed ten dollars. In the economy. My deficit click the dollars in? That can now be tried out for the Treasury's here's the really important part of the story. I don't have to. Why would I need to borrow my own? Currency Selling Bonn is not an imperative. It's Detroit they don't need to borrow order to spend already spent the dollars in so I do they so I think there are a couple of different answers one is we used to be on a gold standard when the US was on a gold standard we had what was known as a convertible currency. This used to be a convertible currency. It was convertible on demand into goal. Law Gold is a finite resource. There's only so much in your gold reserves so if you start making lots of these available and your gold reserves are growing then you potentially have problem. People want to convert bees into something that you can run out of gold so what the government would do was to take some of these out of people's hands and them with treasury bonds which were not convertible I had to wait until the bond matured and get your cash back so one reason is a historical legacy of the gold standard and then the other is that treasuries were really important for carrying out monetary policy until fairly recently the Federal Reserve relied on. Us government bonds to conduct. We call open market operations to set interest rates. So this is a really good story to talk about this in my book or listeners could find out on their own just by using the Google machine and learn a little bit more about this but very briefly when Bill Clinton was president the Federal Government's budget moved into surplus for the first time. I leave in my lifetime. Nine hundred ninety eight ninety nine two thousand two thousand one. The federal government's budget surplus now. Democrats celebrated this as a great achievement. A sign of fiscal responsibility. I this was tremendous. The Congressional Budget Office looked at these federal government surpluses and they projected in their annual budget outlook that the government was on track to run surpluses bars. The I could see and that we were going to retire. The national debt it would all be paid off completely gone eliminated. Cya Okay so the Clinton administration is looking at this. Their Council Economic Advisers publishes a report every year called economic report of the President in. That report was a chapter while they were supposed to be a chapter was drafted and it was called a life without debt and they were writing this chapter and plan to include it as this. Wow look at where we're headed right. We're going to run budget. Surpluses pay off the national debt and we will be as a country debt free magnificent until they started writing the chapter and thinking things through and then they realized. Oh we're can pay off the national debt. So they went into panic mode. And so why would they go into panic mode at the thought of retiring all of the national debt? Wouldn't that be great? Well you and your viewers can check this out of the reason that we know about this chapter is because NPR's planet money did a foia request and they got that chapter four stout into the public domain. So that now we can all have a chance to look at it otherwise they pulled it. They buried it. They were not going to publish it because they were so concerned about what it would mean if we ran out of. Us Treasuries if we basically eliminate them so when people talk about paying down the debt or eliminating the dead. It sounds like a good idea because it means you know if I could off all my debt. I'd be happy right. I want to be debt. Free no mortgage debt no card payment or student line gray but if the federal government pays off its dead it means there are no more. Us Treasuries because that's what the national debt is is just the outstanding outstanding stock of government bonds assets people. Hold them there in pensions right there. In portfolios so the Federal Reserve was using treasuries to set interest rates so they would buy and sell treasuries to change the level of reserves in the banking system and thereby set the key policy interest rate. That's a long way of saying without treasuries. The Fed couldn't set interest rates which is basically carrying out mind policy so they panic and they decided to just you know the. Fed does not rely on treasuries to set interest rates in the modern era. We stopped doing that so now to change key policy rate the Fed just announced a new rate and they pay interest on reserve balances if the Fed wants to pay a higher interest rate at announces higher interest rate and that becomes the new interest rate. They WANNA cut rates zero announce that they will begin paying zero on reserve balances. They don't need treasuries to carry out monetary policy as they once. Did they're doing we and so they're still buying treasuries today but there's no use said. Why are we still issue? Why do we still borrow? We don't have to do it for historic we don't have to to protect gold reserves. We don't have to do it to set the overnight interest rate. I'M NOT SAYING THAT. We should eliminate them. I'm just saying that it's a problem that we call it the national debt because it makes anti panic. So how's everyone getting away with this? How how is it that? Whenever a politician stands up and says austerity we have to cut social security. We have people on both sides of the aisle. My saying things things like this with the national debt is a problem. There's a national debt clock that comes to have taken up on websites all over the place and whatnot. Why is it that nobody at principally? I'm looking at Democrats because I feel like it's our responsibility. Who's standing up and waving the flag and saying this is all specter. We don't have to be doing this. Actually know mega tive implications for US having a significantly high national it's meaningless. Why is it from a political perspective that we're letting everybody continue with this misunderstanding of how things work and that there's not some more effort to political reeducation economic reeducation to focus? Start winning some of these. Some of these battles. You're preaching to the choir. LemMe Tell Ya you know. I've had conversations and continue to have conversations most of them. I can't talk about a very generic terms. I was on the hill not too long ago and the good news from my perspective is that there are Democrats who are undergoing rethink and they have reached out and we are having conversations about how to begin to shift the public narrative and to help with the education process and so I feel in many respects hopeful because they see a willingness on the part of some to recognize that the stories that they've been telling our have problems that they could be helpful in terms of providing a better understanding. Sometimes I'll say to people you know it's not what you say but what you don't say so. Just don't volunteer thing is like Oh. And then they're adding to the deficit and they're increasing the debt by say that because when it's your turn right if you end up in the White House and with the Senate and the House you're going want you're going to end up running deficits to and the debt is going to increase while your in charge so you might as well not vilify these things. Now you might as well begin to talk in terms of how would we redeploy that deficit so that it is being used to help the people who most need the help right? Now we've got billion dollar deficits that are largely engineered to people for tell people who listening how we're GONNA inherit those. We don't want to try to eliminate them and give it to US territory and all that kind of stuff. But we can re-jigger the budget again ways that put the resources where there can do the most good and so we may continue to run trillion and a couple of. I Dunno you know what the economy will call for in the future what it can sustain but we need to be talking in those terms. It's hard for any politician to go first on this. Because who? Who's going to ally with you. If you step out first and start talking in ways that are such as ignificant departure from the way that everybody else in Congress talks the way all pundit class talks and you know it would take a certain Gravitas a lot of courage to go out there and try to reshape public understanding so anyway that I think it's GonNa take you know guy that we both know pretty well says change doesn't come from the top down always comes from the bottom up so I believe that I think that ultimately we're gonNA force that narrative to Chang. Just going to be the people who went at next politician after this pandemic is over and our politicians start talking about the need to go after social security or why we can't have programs we can't afford things. I think we need groundswell people to say no no. Don't do that. We could. We can afford it as I understand enough to know that your budget doesn't work like ours so I'm not going to accept these talking points and I got to be from us. Thank you for that political education to the extent that it's from the bottom up. There are a lot of people. Listening to this podcast. That are going to be much more able to have those arguments because of your willingness to join US go two days. I really do appreciate it. Can You let folks who are listening or watching? No were they can hear more from you where they can read or find your book anything else they should know about your outfit. Yeah yeah sure you can. I mean I'm on twitter at Stephanie. Kelton and if you WANNA see a quick oppy of it is coming out June ninth so you can find it You can pre-order available for preorder the deficit. I'm going to say the name in case people are only listening to the podcast version. Thank you thank you thank you. Yes thank you so much okay. Great Thank You. I appreciate it. I have a lot since she went. I will definitely begin a copy of that. So that the knowledge that you have to some party me stays longer than the duration of a treadmill session. Thanks.
"council economic advisers" Discussed on Vox's The Weeds
"But I talked to her shortly after the primary. Because I was interested in all these democratic candidates running on Medicare for all, and she even then sort of very shortly after she had become the official democratic nominee was clearly more interested in talking about how Republicans want to try to take away your healthcare and all the the downfalls of the GOP's healthcare plans, then sort of continuing to focus on Medicare for all not to mean that. I think she's, she doesn't support it anymore, but the emphasis is much different. I think when you're talking to a general election electorate versus the democratic primary voters and actually Medicare for all has become a big publican sort of message point. Yeah, Donald Trump had that. I think you guys talked about this recently that that crazy op Ed about how Democrats want to turn American Venezuela by giving everybody healthcare socialism, right. Was the council economic advisers put out this report, right? And they even they quoted our colleague, Sarah, cliff, as an example of someone who argues that a single payer system could reduce administrative costs, and they said that now use the same argument about farming. Wang, and it led to famine, mound known for his affinity for efficient healthcare. It did make me wonder what the Chinese healthcare system was like. I don't know the. Also don't know the answer to that is tragic. So that's what will be after the midterms, we're going to do a deep dive into Chinese healthcare in the fifties. So one thing that I remember from a little while ago is that NC Pelosi started talking about a culture of corruption in Washington, which it was a callback to sort of one of their big two thousand six talking points. And frankly, the culture of corruption seems a lot worse. Now, the two thousand six interational of corruption is almost quaint. So has this been playing or Democrats talk about this? Yeah, absolutely. It was kind of interesting because this is something that Pelosi has been on for awhile and certainly was a thing in in two thousand six as well. But a few months ago, I talked to congressman John Sarbanes of Maryland who has kind of been spearheading the House, Democrats, democracy task force. So he's kind of the guy that has really sort of been at least kind of putting some of this stuff into into policy and and bills that haven't really had a chance yet in in the Republic. Can lead congress. But yeah, I mean, Democrats are going in hard on an anti-corruption message because it's popular. I mean, that's kind of like if if we remember back to the twenty sixteen election, Donald Trump also ran on an anti-corruption message. His catchphrase was in continues to be drain. The swamp which Pelosi pointed out was like something that Democrats were saying back in two thousand six. So Democrats have a pretty detailed plan for what they're going to do if they do take back the house and one of the things that we'd like to point out, you know, there's all this speculation right now a couple of weeks out before the election. About how much you know if Democrats win, is it going to be a.
"council economic advisers" Discussed on KNST AM 790
"California. Welcome, sir. I'm glad you were patient and waited. Hi, thank you rush. My comments sort of pertains to the October surprise. And I was gonna ask your opinion next next Friday is the so-called advanced read on the GDP for the third quarter, which I believe is less data driven and the two revisions that follow it. And my question is. Can you see the deep state dropping in a low GDP number and then piling on immediately with its the tariffs? It's the tax cuts failing. It's sugar high economy is spent and this is what really is happening with all the Trump economics, and it's starting to starting to break up conveniently seven days before the election. Well, these numbers would come from the department of labor. Your labor statistics. And the US council economic advisers. These are Trump people in there now, you're right. To be wary of career left wing deep staters in there. I look I wouldn't put anything past these people you could conjure up any scenario you wanted. And I I would bet eight out of ten up. My would tell you. I think are possible. So given who these people are given what they think is at stake here. So if you wanna tell me, if you have an idea that the GDP numbers come out next Friday might be say monkey with, but it's increasingly tough to use that word and get away with it and might have been Jimmy a might be. Well, reworked and so forth to make it look like we're about to fall off the clipper, at least that this recovery is just hit a wall. I don't know how effective it would be. But I don't I wouldn't I wouldn't sit here and utilize literally suggest to you that it couldn't it couldn't happen. An particularly the areas you mentioned they would love to be able to discredit Trump's tax cuts. They would love to be able. Two. Discredit a whole bunch of the tariffs. And what it's doing to trade. The problem is reality the reality on the ground. If the if the if the numbers are. Are rigged to that extent. It just isn't going to jive with reality. And it's it's it wouldn't be. I don't think nearly as effective if something is personal. But I think you have to you have to look at the history of these October surprises. They've tried October surprise in October. They've tried them in September. They've thrown everything they've got at Trump, including during the campaign, the access Hollywood video and that didn't work. Now, he's out there calling the porn star. Who by the way is a backstabbing blackmailing. Double crossing porn star out there calling her horseface, and there are shutters in the drive-by media S U D D who. Oh my God. Who who who doesn't you know what I find interesting about this all of these so-called paragon of virtue on the left where one perversion has become normal in their world. And they demand that we accept wanton perversion as normal. They sit there and act like. You call women Austin. But we're not talking about woman. We're talking about a dual at. Porn star. Double crossing. Backstabbing woman who has tried to destroy the guy with her third rate lawyer. She's not just an innocent ordinary everyday woman that Trump decided to call a name. She is a woman who attempted to ruin him. But for these Liberal Democrats, these people in the media to act like people don't talk this way. Presidents don't come on. People talk this way, or this is what what I resent about this the idea that they are clean and pure is the wind driven snow, and they don't think this way. They don't talk this way. What an absolute crock simply look at the things they say about us during the course of your average political day from your Hitler to your Nazis to your this or that they make fun of people's appearances. They make fun of people. I mean. Their their comedy has become literal hate. And then they act like one of the greatest social transgressions in the history of humanity has occurred when Donald Trump uses the term horseface or when he did not Mark ballsy Ford, but simply re reading. The truth about her allegations. I just I just find it just a little bit hollow. As though take your pick. Take take your pick any left-winger on media. Griping about Trump's using the word horseface and ask yourself if that media reporter never talk that way and the answer but Russia, these people are president, and he is and this is beneath the dignity of the presidency. Well, I know they look at it. And think of it that way my point is they can try all day long. That's not going to separate Trump from his voters some of his voters. He backed up. There's so much going on here focusing. They don't need to distract everybody with that stuff. But he did there are also going to they're not gonna give up trying to link Donald Trump to the murder of the of the journalist in the Saudi consulate in Istanbul. Jamal kashogi. They're still working on that. But I think they're frustrated to no end that nothing they do works. And now I have a story I have to print. I haven't had the chance to print it. Yep. Just cleared the transom here. It's about Trump's approval numbers are probably much better and much higher than anybody on the left and the media wants to admit, he's.
"council economic advisers" Discussed on KLBJ 590AM
"NewsRadio KLBJ sticking. With the phone. Rush Limbaugh and talent on loan from God. This is Bob in Coronado, California. Welcome, sir. I'm glad you were patient and waited. Hi, thank you. My comments sort of pertains to the October surprise. And I was gonna ask your opinion next next Friday is the so-called advanced read on the GDP for the third quarter, which I believe is less data driven and the two revisions that follow it. And my question is. Can you see the deep state dropping in low GDP number and then piling on immediately with its the tariffs? It's the tax cuts failing. It's the sugar high economy is spent and this is what really is happening with all the Trump economics. And it's starting to starting to break up conveniently seven days before you're lection. Well, these numbers would come from the department of labor. Bureau of labor statistics. And the US council economic advisers. These are Trump people in there now, you're right. To be wary of career left wing deep staters in there. I look I wouldn't put anything past these people you can conjure up any scenario you want an, and I would bet eight out of ten of my would tell you. I think are possible. So given who these people are given what they think is at stake here. So if you wanna tell me, if you have an idea that the GDP numbers are come out next Friday might be say monkey with, but it's increasingly tough to use that word and get away with it might have been Jimmy d it might be. Well, reworked so forth to make it look like we're about to fall off the cliff, or at least this recovery is just hit a wall. I don't know how effective it would be. But I don't I wouldn't I wouldn't sit here and utilize release suggest to you that it couldn't it couldn't happen. And particularly the areas you mentioned they would love to be able to discredit Trump's tax cuts. They would love to be able. Two. Discredit a whole bunch of the tariffs. And what it's doing to trade. The problem is reality the reality on the ground. If the if the if the numbers are. Are rigged to that extent. It just isn't going to jive with reality. And it's it's it wouldn't be. I don't think nearly as affected if something is personal. But I think you have to you have to look at the history of these October surprises. They've tried October surprise in October. They've tried them in September. They've thrown everything they've got at Trump, including during the campaign, the access Hollywood video and that didn't work. Now he's out there calling the orange star. Who by the way is a backstabbing blackmailing. Double crossing porn stars out there calling her horseface, and there are shudders in the drive-by media SU DD who who who who who doesn't you know, what I find interesting about this all of these so-called paragon of virtue on the left where wanton perversion has become normal in their world. And they demand that we accept wanting perversion as normal. They sit there and act like. Call women Boston. But we're not talking about woman. We're talking about a dual. The. Porn star. Double crossing. Backstabbing woman who has tried to destroy the guy with her third rate lawyer. She's not just an innocent ordinary everyday woman that Trump decided to call a name. She is a woman who attempted to ruin him. But for these Liberal Democrats these people in the media to act like people don't talk this way presidents come on. People talk this way, or this is what resent what I resent about this the idea that they are clean and pure is the wind driven snow, and they don't think this way. They don't talk this way. What an absolute crock simply look at the things they say about us during the course of your average political day from your Hitler to your Nazis to your this or that they make fun of people's appearances. They make fun of people. I mean, they're they're comedy has become literal hate. And then they act like one of the greatest social transgressions in the history of humanity has occurred when Donald Trump uses the term horseface or when he did not Mark ballsy Ford. But simply re feeding. The truth about her allegations. I just I just find it to just a little bit hollow. As though take your pick. Take take your pick any left-winger on media. Griping about Trump's using the word horseface and ask yourself if that media reporter never talk their way and the answer but Russia, these people aren't president. And he is and this is beneath the dignity of the presidency. Well, I know they look at it. And think of it that way my point is they can try all day long. That's not going to separate Trump from his voters that some of his voters macaque he backed up. There's so much going on here focus, and they don't don't mean to distract every body with that stuff. But he did they're also gonna they're not gonna give up trying to link Donald Trump to the murder of the of the journalist in the Saudi consulate in Istanbul. Jamal kashogi. They're still working on that. But I think they're frustrated to no end that nothing they do works. And now I have a story I have to print. I haven't had a chance to print. Yep. Just cleared the transom here. It's about Trump's approval numbers are probably much better and much higher than anybody on the left and the media wants to admit..
"council economic advisers" Discussed on News Radio 810 WGY
"This is all going to get resolved any character just temporary. But that depends on President Trump, and that depends on China. And it's quite possible. We could see some disturbing development cheer in which case. This would all get worse. We're speaking with Yahoo finance columnist. Rick Newman is all of this in the tariffs involving all the all the different partners. Is this all about changing the balance with China Europe to act President Trump that question? Singlehandedly driving the trade war. And we know that one thing he wants just a lower US trade deficit with most of the world. But particularly with regard to China trade deficit is around three hundred seventy five billion dollars. That's the difference between what they sell to us and we shelter them. He has said he wants that number lower. Now that is not really job to worry about the US trade deficit in China. Couldn't even you know that if they wanna kill many people have asked what is what is Trump really asking? Okay. That I actually act Kevin. Who's the chair of the council economic advisers one the top White House communists on a Yahoo? Finance program, recently, the Chinese know exactly what we want, but he won't identify what those asks are publicly. So it's like they're kind of a secret. You know of US demands. China. Forms that President Trump wants. And we don't know what those are we can squeeze them more than they can squeeze us though. Right because we just import so much more from them. That's true. In US economy is much bigger. Entities. More a much more developed economy a mortgage economy, and if help your economy because it doesn't rely on government support government government lending. In the way that the Chinese economy does relied and we've actually seen that in the stock market that Shanghai stock index is down around twenty percent this year performing poorly, whereas. Doc, pitting records. But there's a big today in a big button is president Xi Jinping of China does not have to answer to electoral politics, the way President Trump does because he's a president for life. Thanks, rick. Yahoo finance columnist..
"council economic advisers" Discussed on Bloomberg Radio New York
"Point we will have a slow down i just don't know when it will be at herb stein a former head of the council economic advisers famously said if something can't keep going on forever eventually it won't so this this gross cyclists been terrific i don't know how much longer will stay i hope another year or two at least i think the recession has been pushed back because of the tax cut bill and the favorable for at least a year if not longer than you study of american history and you are within finance with a question or great historian your contribution to ford's theatre your contribution to the national gallery of art and of course your life work to the library of congress you are working with institutions that have seen gilded age is come and go how does it gilded age end well it ends different ways nobody knows for certain the most important thing you can remember is you can't predict what's gonna kirk nobody really would have predicted few subprime mortgages came unraveled about ten years ago that would lead to the great recession that we had so no one knows for certain right now i think most business people and most economists are saying this won't go on forever but right now there are no signs anybody can release of a recession about the happen recession of the future of the republican party i mean you talked about you can't see the future what does the future of the gop after one or two term trump well we'll see what happens in the midterm elections have generally in the midterm i president loses seats in the house and the senate so it wouldn't be unusual at the president lost seats in the house and the senate there are many people in washington including many republicans who think the house could go democratic but nobody really knows we might have a wave election against the republicans but maybe something happens breakthrough in career and career someplace else that has a wave election for the republican side it's just a little bit early to know carlisle group co founder david rubenstein speaking with bloomberg's tom keene francine la coming up we'll be speaking with ken allah about his new.
"council economic advisers" Discussed on WNYC 93.9 FM
"Happens the february day i visited kevin hassett in washington dc turned out to be a sunny and warm as philadelphia had been gray and cold has it works in the eisenhower executive office building next door to the white house and into has its quite grand office he was wearing a cardigan that might best be described as a funkier especially the number beautiful about the number twenty nine has it was a bit bleary eyed is this was the day before the publication of an important book there's two things really coming out in one book it's the economic reported the president which is a letter written by president trump or president whoever in the past the lays out his vision for how the economy's doing and how we could do better if we were to pursue his policies and then there's the annual report to the council economic advisers which is for us i guess eight chapters that are substantive and go into what we know about say infrastructure investment or tax reform the trump white house the most volatile end unusual white house in many generations was relatively stable when i visited this was a few weeks before the departure of gary cohn head of the national economic council reportedly over his objection to new tariffs on steel and lumina m and those tariffs it turned out were just the beginning this was also before secretary of state rex tillerson was let go kevin hassett for his part says he never had any designs and actually working in government i became interested in doing campaigns but not governing because i didn't feel like i have the patience to for government work let's go back to the two thousand sixteen election when candidate trump was.
"council economic advisers" Discussed on KSFO-AM
"Idea that they will continue to steal our intellectual property rights and so this has come up before but they never changed i guess that's what i'm asking you how the hell we're gonna changes let's right now in defense of the world trade organization as you save united states and many other countries have bought cases against china and they win the majority of those and in china's defense china generally follows the letter of the law in terms of changing its behavior in the pacific area where lost the complaint of countries and companies that do business in china is that that bad behavior is quickly supplanted by other bad behavior that often circumvents the letter of the law let me give you an example china will say all these complaints about four technology transfer we don't have a lot of forces you to transfer technology to always voluntary because you guys want that as part of business here well what american and western comfortable say is if we don't cooperate they will hurt us in other ways and often in the wto like you were going to bring a case you need evidence i mean companies need to basically present evidence but companies that operate in china are very concerned that if they publicly complained about this behavior they will be punished in other ways you know suddenly there will be some hygiene or safety inspection or the state owned broadcaster will do a expose of their abusive customers because in china you do not have the separation of business and state and regulation the way you do other countries you know i was looking down your article and my towel doug irwin shows up in here doug is former c council economic advisers member teaches at dartmouth college longtime freetrader as i am for that matter but he is now urging that something has to be done and i want to go to this we don't have forever but you make the point that there's always a risk of collateral damage if a trade war i agree you know this is part of my skepticism about tariffs all right and that's the risk of mr trump's strategy are greater the breath of the action elevates the potential harm to american consumers supply chain expert.
"council economic advisers" Discussed on C-SPAN Radio
"That's what this middleclass tax relief helps to address and importantly that's what this progrowth part helps to address because you're gonna see higher wages and units he'd better benefits if you give this kinds of tax relief to the american worker because you're going to see more investment you're going to see more productivity the comes from that and you're gonna see higher wages i believe that but what i believe is nesin portent as what others believe a hundred and thirty seven economists many of these are nationally known economists have looked at the progrowth parts of this legislation the parcel i'm talking about that makes us competitive again and they said economic growth will accelerate if this legislation passes leading to more jobs higher wages and a better standard of living for the american people they say they'll be a million new jobs in this country just because of this i think that's really important as important as the tax cuts for the middle class and they are important and again those tax cuts primarily go to folks who were in the middle class and that's appropriate equally important to me is the get this economy moving in a way that people can have the opportunity to get those higher wages and better benefits the congressional budget office did a study showed that seventy percent of the benefit of getting that corporate tax rate that is going to go to workers in terms of salaries and benefits some say it's less than that some states more than that given hassid who is the chairman of the council economic advisers it's more than that the point is it's going to help these workers and it's about time that we help them it's the present there's been a lot of discussion about the process here tonight and i understand the frustration and as a member of the united states senate you know sometimes i feel like frustration is well but i will say that this legislation hr one which is the vast majority of the papers that were held up a moment ago this is the legislation you matic committee it's the vast majority of the pages has been on this website called budget dot senate dot.
"council economic advisers" Discussed on Bloomberg Radio New York
"Across this nation of course on bloomberg television michael mckee serra mcgregor has kevin surrealists comment from jayson firmin front rate economist uh former chair of the present council economic advisers i like him personally and i think he is a great guy i thought he was great pick when president obama picked as well that begins the process of the politics we're hearing from our white house people that the people who helped run the search with the president have given sort of a background briefing the process and that the president never asked any of the candidates in their interviews what they would do about interest rates which i find interesting but they also asked what was they were asked what was the present problem with janet yellen she's done this fabulous job she's got us goes to the feds mandates they said they don't know they said that's a question you'll have to ask the president he'd ever mentioned talk why why are he will relieve her out for us is interesting we have not it prised if someone like steve bannon had been whispering in donald trump's year that this is one of your legacy pitch just like was on supreme court and that it should be your guy nato are guy and he took that opportunity to all of you this is important he mentioned william murray this is history which i believe was nineteen years of might mickey how long was chairman greenspan pretty bunch near that right a missile won't tenure how long a tenure to we assume chairman goes i mean do we have a guesstimate of a long ago i don't think we have a guesstimate i think that you're the trend that the fed has been to move away from the cult of the personality and i think g a selfaware person so could he have a second term third term possibly i don't think he's going to stick around like ibm's beckett that's for sure tell you what the maximum is his term as a governor runs out in two thousand twenty eight so he could serve until then if he were continuously really chair janet yellen the current share her term does not expire until twenty twenty four but we presume she will leave why should hansa rains already power that's not unprecedented to stick on afterwards but i think given this environment chill so find so.
"council economic advisers" Discussed on KBNP AM 1410
"Holding that back domestically ah as you see it or as you you think about what might be holding it back of course kevin has it from the council economic advisers suggesting that tax reform would be the thing that would catalyzer how did change their laying out his case that day you know corporate tax reform would would change a whole lot including the situation for a lot of people here in the us tortuous catalyst you think that would be what would it take to to get that software to to move the the hard data to to get that optimism to translate to company spending more hiring more well i think we are seeing company spending more i think the hiring picture has been good and will continue to be good so i think the question is what can we do to catalyze an improvement in in underlying productivity perhaps labour supply as well i think if we had good reform on the tax front i think we could generate some of that i think sometimes people overestimate the benefits of that from the supply side relative to the demand side influence and that's i think the problem here as we ever at economy operating in full employment right now so they give to be careful here not to push too much on the demand side and focus more on supplyside evidence i think in the tax reform debate here we've shifted from a republican plan that yearago look like very heavily on reform and now we're shifting much more towards talking basically about tax cuts brusca's when was of jp morgan david current time koussa good morning to all of you across america what a great gameless actually watched too much i love this 5 o'clock stirred do business great thing look 7 thinning accu stay of don't you agree when i was a kid we used to have day gave us.
"council economic advisers" Discussed on KOIL
"Of an expert euro one of the people here in the white house working on the tax reform legislation that i'm told that you are wellinformed on the the issue as rosy that's that's the rumor out there we'll find out i guess well i know everybody's eager out there in radio land for this to move forward and and there are a lot of reports out there that are conflicting and that are causing some concern about the number of rackets and and whether some we are going to be paying higher taxes whether loopholes will be eliminated and all of that good stuff and there it seems to be and i think the president is set himself that there are some who are big money earners who may actually both through a variety of means end up paying higher taxes but the middle class is of course the most important thing and also expanding the number of people who pay no taxes at all and those are areas of concern for different groups appear of course yeah the middle class is looking for tax cuts i think people know higher income brackets are looking for a taxcut are they going to get one what about the middle class and what about expanding the number of people who pay no federal income taxes at all yes of the first thing i say is if you are listening to this broadcast he get yourself tax cut in fact the council economic advisers says is that what the president is proposing would probably put about four thousand dollars a year more in your pocket as a four thousand dollar pay race as a result of this plan now that's done through a is that an average there will be an average middleclass family out the okay that's middle class sure yeah yeah so and we do that through of variety of ways one you touched on we're going to double the standard deduction which means that the first twenty four thousand dollars of income that your family brings in is totally taxfree big big deal proposed twelve 12000 were correctly stress doubling that you're also going to see an expansion of the child tax credit which is a big deal for families as well we're going to get rid of all the loopholes that.
"council economic advisers" Discussed on WTMA
"Issue as the you'll see that's that's the rumor out there we'll find out i guess well i know everybody's eager out there in radio land for this to move forward and and there are a lot of reports out there that are conflicting and that are causing some concern about the number of rackets an and whether some are going to be paying higher taxes whether loopholes will be eliminated and all of that good stuff and there it seems to be and i think the president is set himself that there are some who are big money earners who may actually both through a variety of means end up paying higher taxes but the middle class is of course the most important thing also expanding the number people who pay no taxes at all and those are areas of concern for different groups appear of course the middle classes looking for tax cuts i think people in the higher income brackets are looking for a tax cut are they going to get one what about the middle class and what about expanding the number of people who pay no federal income taxes at all yes the first thing i say if is if you are listening to this broadcast you get yourself tax cut in fact the council economic advisers says that what the president is proposing would probably put about four thousand dollars a year more in your pocket as a four thousand dollar pay race as a result of this plan now that's done to is that it an average there will be an average middleclass family i'll the okay and that's middleclass sure yeah yes so and we do that through a variety of ways one you touched on we're going to double the standard deduction which means that the first twenty four thousand dollars of income that your family brings in is totally taxfree big big deal has opposed to twelve thousand were correctly stress w net are you also going to see an expansion of the child tax credit which is a big deal for families as well we're going to get rid of all the loopholes that.
"council economic advisers" Discussed on Bloomberg Radio New York
"No i think there would be a set of values issues with that i might take issue with that but not on economic growth but it would dem's economic growth this is an attacked shift absurd and reputable this is absolutely crucial if douglas holds ican was sitting here studying at princeton under bronetsky the tool you furhman in halsey can have a lot of commonality in a lot of differences in political economics but both of you would agree that we are going to see a deficit expansion under these various proposals correct absolutely i mean i could have the heated argument as to whether tax cuts pay for ten percent of themselves twenty percent of themselves thirty percent of themselves or maybe even hurt the economy so much that they cost more than the headline cost i don't know any serious economist that would put a number higher than thirty per se and on the offset for tax cuts and that means instead of adding one point five trillion to the debt you're adding one trillions of the debt well either one of those numbers is bad and something we can't afford in the longrun apparently are surging stock market is paying for everything according the present at last night of the the dead will let let me ask you you're likely just about trade jason is that these conversations continue the fourth round of nafta renegotiation talks continue how worried argue that we're gonna see termination of that deal i'm worried and you know it just i don't think it's something that most of the people in the administration want but this one particular person who might want it and he has a certain amount of influence in his own administration and know some of these ideas like it automatically sunsets every five years so must hand to and to ending it adds a huge amount of uncertainty for businesses i think it might even be designed to add that uncertainty for businesses and and that's precisely the opposite of what you know the benefits that nafta accomplish rush i hear the chopper tom you got to go rosati house landed juice current on so much of former chairman of the prison council economic advisers i'm going to say this very quickly i remember when.
"council economic advisers" Discussed on The Healthy Moms Podcast
"And i reached out to them because we notice such an amazing difference from the sepla and they agreed to give listeners a fifteen percent discount if you want to check them out go to love with my tummy dot com slash wellness momma and use the code well momma w e l l m a m a for a fifteen percent discount and those links will also be in the show notes as bob welcome to the healthy moms fogcast i'm katie from on osama dot com and i am excited about today's interview because as a topic that i have been really trying to research myself and i found an amazing book by an amazing author and i get to chat with her today margot may call biz now is the author of the book raising an entrepreneur ten rules for nurturing risktakers problem solvers and change makers and i love that title so much so she spent twenty years in the government including a staff director of the president's council economic advisers both of her children are grown one of them has a successful um he has several songs he's the successful musician with the band magic giant and her other sons founded a group called summit which is an international conference series for a millennial entrepreneurs and creatives and they led the purchase of an entire mountain in utah which is the permanent home for their community her husband markets also an entrepreneur forming his national newsletter company biz now media at age fifty and of course now she's an entrepreneur as well um with her writing career and all the work she does and i'm exuberant cited to jump in and talk margo welcome thanks for being here thank you so excited this is going to be so find this is a topic that's kind of near and dear to my heart because i am at this point of my life an entrepreneur but it almost was an accidental fall into that i was just.