18 Burst results for "Steve Rattner"
Joe Biden names picks for secretary of State, Homeland Security chief, director of national intelligence
"Well we're going to get to our first look now at the president-elect's newest cabinet members later today. The team which includes obama administration alums will assemble in delaware for an official announcement this afternoon. Anthony blinken will serve as secretary of state he previously served as deputy secretary of state and deputy national security adviser. Alejandra york us will be the first latino and the first immigrant to become homeland security secretary. He served as deputy homeland secretary and director of citizenship and immigration services. April heinous will become the first woman to hold the role of director of national intelligence. She previously as a national security lawyer. And deputy cia director. Jake sullivan will become national security adviser. He was five national security adviser and was a top aide to hillary clinton. While she was secretary of state linda. Thomas greenfield will be named. Us basseterre to the u. n. And former secretary of state john kerry will be the climate on roy and former federal federal reserve chair. Janet yellen will be the first woman ever become treasury secretary. If she is confirmed by the senate would an impressive list let's bring in former. Nato supreme allied commander retired four-star navy. Admiral james redis. He is chief. International security diplomacy and less for nbc news and msnbc and former treasury official on morning joe economic analyst. Steve rattner joins us as well. Good to have you both admiral. Let's begin with some of president-elect biden's foreign policy selections the wall street journal opinion page said. They were internationalists but also said on the other. Hand talking about blinken and Jake sullivan they were also more hawkish. On some obama era debates. Mr sullivan supported antitank mrs for ukraine which president obama posed. Mr blinken favored the iraq war in two thousand and two intervention in libya. Mr blanket was known for repeating the mantra superpowers. Don't bluff regarding mr obama's red line fiasco about the use of chemical weapons and syria. I would take that like me. You you agree. Superpowers don't bluff. You don't draw red line and then step back from it. And apparently that's what our new secretary of state Believes as well. Well let's start with the team itself kind of step back for a minute show and this is the most experience group coming in That i can remember certain going back to bush lawn and before that maybe to the kennedy administration if you listen to the titles that make it. Just read off deputy to this deputy to that do this. These are now people who are stepping up to cabinet level. They are experienced. They are well prepared boy. How refreshing is that number two and maybe more importantly joe. This is a very collegial team. This he'll give you a sports analogy. This one's for mike barnicle. This is like the one thousand nine hundred eighties celtics basketball team. They don't really care who. The high score is more interested in getting assists that running up the score out there on the field trying to make each other look good. It's that kind of group. And i worked with all of them when i was supreme allied commander in. They were in all their jobs. And then finally. You're absolutely right. This is an internationalist group. A little bit of hawkish edge to it. But i think that's okay one. It's tempered as you see from this group by that that instinctive desire to reach out into the international world. They'll look for allies. They'll look for coalitions. They'll look to work with international organizations. I think this is a a fine selection and will serve the nation. Well
"steve rattner" Discussed on MSNBC Morning Joe
"I wonder as you look at them as you look at both the unemployment numbers as you look at the spending numbers. How that shapes you're thinking on what level of stimulus is necessary to keep Americans afloat. That's a great question leisure. Yes, clearly these numbers while encouraging as you look ahead the way I try to do, some of what may be coming. We do need to do more. The extended unemployment benefits the extra six hundred dollars a week that we're giving to people on unemployment runs out at the end of July. The famous PP money to smaller businesses which provided about eight weeks of payroll is going to start to. To run out. You are going to see at these levels of unemployment, a lot of hardship, and so there is a just the beginnings of negotiation in Congress over this. We probably need at least another trillion dollars. We need to do something to extend unemployment benefits in one form or another. We need to do something for state local government, so they can help people in their communities, so yes, absolutely, we need another stimulus spell. All Right Steve Rattner with his Choi his charts, and for just lovely upholstered chairs behind him Steve thanks so much great to see it was always still had an independence day. Wish for the diss United States of America Mike. Barnicle joins US WITH HIS NEW COLUMN AHEAD ON MORNING Joe. Hey It's Chris Hayes this week. podcast wise is happening. I'll be talking with philosopher and former police chief Brennan del Pozzo About Police Accountability and reform when you physically struggle with someone, even if you can overcome them, they don't hurt you and you win that fight so to speak. You have Adrenalin and chemicals in you that make you unsympathetic to the person you're dealing with is a human being and puts you in a different place than the bystander 'em policing his ignored that and policing. Policing hasn't taken seriously. The fact that it has to build in safeguards to stop those emotions from being what leads to the decisions I think the army does a better job. Army knows its soldiers in combat like are filled with crazy uncontrollable emotions, and they build indiscipline and checks as much as possible to stop it from leading to work crimes. Policing has yet to take that seriously. That's this week on. Why is this happening? Search for wise's happening wherever you're listening right now and subscribe..
"steve rattner" Discussed on WSB-AM
"Here job growth under president problem it which has been significant was actually lower than job growth under president Obama over the same thirty five months the end of August traverse the beginning of trump's term so the idea that there's something on Preston and happening here is all as ridiculous that is has Steve Rattner job pointing out that the president's numbers are as good as he says we would say is the president Barack Obama's numbers were better than George bush's numbers but the economy is already beginning to turn around after created we can talk about that and who is responsible for George Bush was present during it what he did during the crisis was as admirable as his surge in Iraq in people write about that we can do you can speak about it in a non partisan way but we did with Donald Trump is done is create an environment that is so pro business you can only cut the unemployment so much more in a country of three hundred thirty million with a certain amount retired but a three point five percent that is almost full employment that's markedly better than president Obama and you could point right back to his policies so you could also say the two point one percent growth is is great but a lot of has to do with the World Economic world economies and so far we almost are standing alone as China experiences a downturn then unfortunately we are hot to them to a degree and your begins to wall and breaks it takes place so I do believe our GDP is going to go flying up it's almost like a sling shot pull back now with the president said last night was it extremely strong speech and I think they did in room going over the trade deals that were cut the things that have been done with Iran and the Middle East peace plan that was released when you have the market grow up five hundred points even though you're being impeached I think that's pretty significant when Nancy Pelosi what does he blows he chooses to do is rip up the speech and say it's all lies with the president does in certain situations with the present does is he'll sell and a lot of times it's exaggeration but if you think that her ripping up the speech was badly receiver among Democrats not publicly Democrats according to the hill are expressing support for policies gesture erode the rutted in a standing ovation when she walked into a room evidently afterwards quote he shredded the truth so I shredded the speech you are supposed to talk about the state of the union not the state.
"steve rattner" Discussed on Capital Allocators
"Now that you've been running this for dozen years or so and you've built up the portfolios you look at your portfolio today. What are the the areas that you're most excited about and one of the areas that you feel like still need the most work the thing that we're probably I'm probably anyway colleagues made year for most excited sided about is still probably chiding which is highly controversial but I think as I look around the world I think China is still the most exciting major market probably in the abstract let alone on ratio value or pricing? I think that the thing that has been probably most challenging for us and it would be for any firm starting is to build a quality venture portfolio because and again this goes all the way back to the research we did back quadrangle when you look at performance dispersion as you go from fixed income on one end the place you get to on the other end is venture. The median returns from venture. They are not probably the last. Few years has been better but when we were looking at this they were not that great they were not even as good as private equity but the performance dispersion is vast and so one of the early the decisions that Alison I made. was that if we couldn't be in what we thought was a top quarter manager. We just wouldn't do it. And so the result was it has taken us eleven or twelve years now and we still do not have as big adventure portfolios. We'd like to have and it also takes a long time for that to come to fruition. So that is a when you ask like when I started or my disadvantages relative to Yale that is one of them. Yell has a huge a wonderful venture portfolio which they treasure. I'm sure until let's dive into China a little a bit high level thoughts start high level thoughts are one if you simply look at the numbers as I said it is the cheapest major market in the world especially relative to growth it's true in public and private markets. Yeah I think so. It is certainly true in public markets. Where there's more data there isn't really a true private equity market in China yet? It's more of a growth equity adventure market and probably also cheaper than the US if you simply sat in New York and read the newspapers. Not I'm not talking about Hong Kong specifically general a you probably be terrified about China and you probably think this seems like the wild west and why would I go there investor if you actually go to China as I do a couple times as a year every time I go there I come away unbelievable excited because I don't think everything about investing can be done on a spreadsheet and when you go to China and you feel the energy you feel the drive to succeed you meet the entrepreneurs you meet the. CEO's you meet the investors. They have a lot of challenges that are not economic a political challenges but I do believe that their drive to succeed is enormous. I wrote a piece for the Times a few years ago after I'd been to India. Ah China basically saying that. My view was in the great debate over whether India or China will do better. My money was on China and I got a huge amount of blowback because people WANNA root for democracy and they WANNA democracy would be the winner not a totalitarian state but it is what it is and we like India money in India. We may put more there. But but it's not China and I also think while I wouldn't say this strongly as I would have said at a year or two ago I am for democracy and I'm a capitalist list but the Chinese model has some advantages over our model. And if you remember a lot of this trade stuff started when China publish something called Made in China two thousand twenty five five which was their blueprint for world domination and the next seven years and then you realize when they focus what they can actually do. It's pretty scary but as as an investor. It's pretty exciting. How has it been trying to find the right managers to partner with in China? It's hard I wouldn't tell you that. Transparency rule of law integrity haggerty is what it is here. So we've been very careful. We have now to we. Had One probably guess who are not GonNa say Public Equity Manager in China now for most of our time. We found more managers again. Not Really P managers but growth in venture managers that were comfortable with and those partnerships. Che's worked out. Well I'll make one observation. I found it fascinating. which is that? We have more investment managers in China on the private side with a senior partner or the CEO of the firm is as a woman than we have here because we have zero approximately zero. It's interesting how well women have done in China in the investing world relative to here and and we need to do better. Why do you think this case I have no idea? It may be that they simply didn't have like an investing business until fairly recently and so women could ascend more rapidly there wasn't a lot of men clogging ahead of them. I don't know but I just do know that we have a number of really impressive. Women manage money for us in China on the private side. I'm talking about a couple other things that come to mind I know you're on TV every now and then and have political views particularly we start talking about China and the trade war. How do you filter your own beliefs on the political side into kind of the investment decisions? I try not to and I hope I succeed. He did not factoring in my political beliefs into the investment decision. But I think my political views are my insights if you will are really valuable to to the investing. I think anybody's are. I don't think you can be an investor. I really enjoy my meetings with our managers because a lot of them have really interesting views on political side on the macroeconomic side on things other than whether stock is going to go up or down. I think you have to have a view on all that stuff to be an investor and I do think it's something that I bring bring a bit of to the party. How does the journalist side that you still retained fit into how you think about your day to day? It's my hobby. I do play a little bit of golf but I'm not a passionate Golfer and this is my version of golf which is to write for the Times once a month or so and to do my morning. Joe Appearances appearances once a week. Or so and still be able to be involved in the public policy discussion which I enjoy and also frankly to try to have some like really minimal. EMEL impact on how people think about these issues. Because there's a lot of crazy stuff going on out there and I think anyone who's got a balanced approach to should be involved in discussing in the other topic that's increasingly changing at least in this country when you talk about the difference in China and the centralized state is this notion of corporate stewardship up after having gone through your career in private equity. How so much was tied to shareholder value? Now people are talking about broader constituents being important portent you share some of your views on that. Yeah I have strong views on this which are not going to be popular. But I'm really scared about it quite frankly. I think what's going on to start art at thirty thousand feet and we can go down. What's going on it really is? That government has kind of ceased to be a problem solver the gridlock in Washington the lack of any real fiscal space Jason. The state and local side government is in building roads and infrastructure government is in training workers. Government isn't solving the problem of people whose have fallen behind. And so everybody's turning around and say okay who's going to solve these problems and more and more they're pointing companies and say. You should solve these problems. And I'm almost with Milton. Friedman who wrote that famous New York Times magazine piece in nineteen seventy which said that. The job of a company is to go out and make money ethically legally responsibly but ultimately to serve of the shareholders and all these people who say that companies should be responsive to whole set of other constituents. I'm not sure I understand what that even means. If I own a private business I own a company. It's my company. I should be able to use it to benefit myself again legally responsible and all that being a public company. I'm not sure why that changes anything. You still have a bunch of shareholders I think you have a fiduciary duty to them. Now if your customers say I'm only going to buy products from a company that pays fifteen dollars an hour or or I'm only going to buy products from a company that sources it in an environmentally responsible way. Absolutely the public should vote with their feet and not by products from companies that they don't think behave the way they want want to behave and that will drive different behavior but to say that a company should be forced to do XYZ. Simply because we. I want to solve problems. That government should be solving. But isn't I don't think is the right way to move ahead of you look in your perfect cristobal. Twenty years out. Do you think there is a road where the government can change to get back to solving some of the problems that is. You're saying they're not getting solved today. Well I hope so but I can't say I'm optimistic about it because we're kind of going in the wrong direction that just when you think. You can't get worse in terms of the gridlock and the lack of action. It gets worse. I if you look at a simple metric which is crude but I think useful the number of bills that Congress passes has dropped steadily every year. And it's now At an all time low they just do nothing and that is because we are more and more polarized the idea which is not that far away that the Senate in particular chicken could come together and agree on stuff on a bipartisan basis. Now doesn't exist and so we are in a polarized country. The extreme from mm-hmm Donald Trump to an Elizabeth Warren Bernie. Sanders is wider than we've had in my lifetime and I think the moment it's getting wider not narrower and I think that's terrible all is there anything that we can do about it. I don't have great ideas. I mean everybody always asks me. This and there have been various efforts along the way of people people who centrist moderates which is what I think of myself as being to kind of come together but the structure of our political parties the way our Constitution works works the existence of an Electoral College. A Senate filibuster rules. There are so many things that are structural that I almost think that what has to happen is it has to get worse before it. It gets better. It has to get so bad that the public says the hell all these people from the extremes of both parties. Let's have sensible solution. And somehow that happens we've had these problems before this polarization existed in late nineteenth century. It's existed at other times. Yeah all right from Your Lips. So we'll see what happens. Steve Stephen WanNA turn to a couple of closing questions. What's your favorite hobby activity outside of work and family well This is gonNA sound odd for a Jewish kid from suburban New York Ark. But I ride horses on my weekends. What's your biggest pet peeve? Being left handed and right handed world that literally kind of I grew up thinking to myself. I don't understand who designed scissors and why they are so awkward. And then some years later if somebody invented left handed out of my biggest peeve but it's one of my peeves I share that with with you okay. You also know that it's kind of specialty. left-handed what your investment pet peeve probably managers who come in and just want to tell us how great they are a a great. Everything is and they've never made a mistake. And all that kind of stuff. And this gets back to China before I've been on both sides of that table and it's really not pleasant for us and probably not for for them either actually and to what extent from when you were on the GP side. Do you think there's this sort of game theoretic exercise where people are purposely saying. It's good because has by and large. That's what helps them or raise assets and grow. I think there's some of that. I think the interesting conundrum for GP is when things aren't going perfectly quickly whether to basically own up to the fact that they're not going perfectly say I own this or to say no no. It's really better than it looks. And here's why and we had one manager who we don't have any more in the public side who we used to go visit when their performance was really not good and they would always tell us all fine and you kind of want them to say look get it you know. I think I'm getting too long anyway. So that we all are in the business of sales to some degree we all want to present a positive story but I think having a hi degree of honesty in that is probably well recommended on both sides. What reading do you almost never miss five newspapers today? Do you read them all. Aw I do read them all and my wife makes fun of me. Because I don't necessarily read them all the day they're published. I often carry them around for a week. If I don't have time but I just believe if that if you read five newspapers a day thoroughly eventually especially in the business I'm in now you'll know most of what you need to know to operate. And what are the five papers neighbors. Well I start with the Wall Street Journal then the New York Times and the Financial Times then the Washington Post and somewhere along the way just for fun I I read The New York Post. What teaching from your parents as most stayed with you from my mother probably self-confidence some some would probably say.
"steve rattner" Discussed on MSNBC Morning Joe
"You'll get the best of what you've missed or in this unprecedented. Era of news, text MSNBC to six eight six six to subscribe. Well, the the president meek is obviously watching the show. He never watch start worried. Hi, this crazy part hardball last night and see it. Thank god. That's coming up. Here. Haven't talked to him wild on doing. Well, thanks for watching the show. So Steve Rattner. Let's let's talk about the healthcare. It is a very complicated issue. It has been for very long time. And right now, we're just sort of in a purgatory, and we have been for quite some time. Nobody is trying to mend ObamaCare Donald Trump. Now trying to end it. I don't think that's going to happen. So where do we find ourselves where to working class Americans middle class Americans? Find themselves today when it comes to healthcare all the first thing to know is that ObamaCare is already in some peril. Even before we get to the matters at hand because some of the Trump administration. Has done. If you take a look at the chart on on enrollments through these these enrollments through the exchanges. You can see that enrollments through these changes peaked at twelve point seven million back in two thousand and sixteen right before Trump was elected, and it's gone down steadily since then to eleven point four million. Now, the yellow bars are people who get their exchanges. Their health gets exchanges in their home states. They've mostly not been affected at about three million. The people who've been affected are the people who get their healthcare through the federal exchanges in most of the states. And the reason for that is because the Trump administration has cut all advertising and support for getting people to enroll telling him about it, encouraging them. Secondly in the two thousand seventeen tax Bill. There's a provision that took the penalty for not getting insurance two zero. So it affect limited the individual mandate. So people no longer had an incentive to get healthcare..
"steve rattner" Discussed on MSNBC Morning Joe
"Tracked the rains. They'll head up as we go throughout the evening towards Richmond, Washington, DC. And then it looks like New York City and Boston your cleared out. By the time we get the Friday morning, but Joe, I mean the stats on this kind of off the charts. This was by. Twenty five miles per hour. The strongest Tober land falling hurricane. We've ever recorded in our country and this one ranks hot. This had a lower pressure than Katrina lower pressure than Andrew. Just kinda mind boggling stats for this time of year. Hit a very unpopulated area as you know that area down on the big bend. This could have been a lot lot worse if it had been more towards Pensacola or below. Yeah, I I was noticing it as as it was making landfall. And of course we're, we're, we're devastated for those suffering through the storm. But the fact that tact east and went actually came in east of Panama City, there have been a lot more damage it lift, like you said, it'd been twenty thirty forty even forty miles further to the west Bill. Karen saying so much. We're going to be checking in throughout the morning. We greatly appreciate incredible work over the past twenty four hours and Steve Rattner. Let's talk about this storm. Here we are. We're in mid October. We're having storms that you usually see at least where I'm from. You usually see these sorts of storms. If they hit, you're going to see him late August September, maybe the first week of October early, but the storms are getting more powerful. They're coming at us more quickly. Talk to us about. You've got this charted out, talked to us about the intensity of these storms getting stronger. I can show you the data and maybe Bill Carrey can weigh in if he wants on the reasons, but it's everybody's impression that these storms are coming more often. Each year is true..
"steve rattner" Discussed on WDRC
"The same way that in in the american in the americas if you look at little countries in central america there's going to be closer to the to the americans wherever that's a matter of geography history and otherwise so that's that's part of the big picture but in the short run the question of whether there's military exercises or not is immaterial it makes no significant difference to prolitarian capabilities for doing anything the fact that the chinese thought that was a good idea is fine which they did actually they had earlier proposed version of freeze for freeze that was a very good idea the fact that the chinese proposed it doesn't make it a bad idea steve rattner was on morning joe and said this let's not forget this is the second time trump has basically taken the ball and handed to the chinese the first one is when we pulled out of tpp which was the way we were going balanced our positions around that region around china and have bring allies including canada closer to us and we just walked off the field everything he has done has empowered china and russia everything's about russia i mean i'm now listening to this professor just for comedic purposes alone i mean russia has been slapped with sanctions again i guess it was this week another you know we're we're forever cutting off our nose despite her face i think with the russia we should we should be having a better relationship with russia if if if nothing else than to triangulate against china i mean i think you know just your your quick response to close it out on that i think basically unfortunately you're you're you're punishing yourself by listening or reading the blonde is it mostly it's just the predictable game here and i think it's hard to stand back and look at from the perspective of american interests how are we doing that i would say we're better off today than we were six months ago or year ago it thanks to this point craig shirley said to me that remember laura economics is a more powerful weapon the nuclear weapons at times i mean if you have economic strength and trump is trump knows that if we do not have a strong economy in china ultimately surpasses us on every measure.
"steve rattner" Discussed on MSNBC Morning Joe
"After this and i said i soon near the powers to be powers of be do you have any response he normally doesn't do hallway interviews but he also did not take that opportunity to deny that in hof had been ordered to do that and so it's it's a cold political calculation that if this amc if this came to the floor it would really anger trump trump had all of these members at the white house fifteen senators at the white house last week and pointedly told them don't do it donald trump acts like chuck schumer nancy pelosi on trade probably should go ahead and not pokes a bear that's another thing you don't poke the bear you're like bear bryant you go into the ring and you wrestle the bear and then you beat the beer and rest of your life what do people call you there receive the president this power to only do taras for real national security reasons it was we've set a terrible precedent what we're doing is we're using it against our allies these are the ones we can depend on to give us steel and things like that it's outrageous congress just on institutional grounds just say this was never our intention this is being abused they should stand up for themselves again this is part of what conservatives republicans democrats used to say was a strong american foreign policy so steve rattner the president has thrown around a lot of numbers when it comes to trade with canada what's the bottom line running a massive massive deficit i guess justin inbetween fighting champions and doing one arm pushups he's snookering us how big how big is our trade deficit with candidate like what like ten billion thirty billion one hundred eighty and help big is it did you peek ahead oh.
"steve rattner" Discussed on WTMA
"Polit bureau made changes in the battled soviet days we won they lost by the way and and president trump points this out the news media completely ignores the trade imbalances they they completely ignore the canadian tariffs on us they completely ignore the german and other european tariffs on us that they completely ignore the fact that re week come out on the losing end of these economic arrangements and as long as they avoid talking about that which is in fact the substance of what's going on here then they can just continue to have the food fight and pretend that donald trump picked to fight with justin trudeau when in reality precisely the opposite is true but why would they let that bother them they're the news media after all and just in case i say this with some regularity because it's true i say the left they want i played the audio of steve rattner and read the article from paul krugman the nobel laureate in economics from the new york times where they claimed around the time of president trump's election that the economy would collapse the stock market collapse would collapse paul krugman said that the economy the worldwide economy economy would never recover from president trump's election the obama administration economists steve rattener and nbc news economics expert steve rattner said on election day that if the unlikely were to occur and president trump would win the election that the stock market would would collapse we'd see an implosion of the the stock market crash they're always wrong because they're lefties and left he's always been wrong about everything for at least one hundred years and really more but i've said many many times that they want the economy to tank they don't want loy low unemployment numbers they want high unemployment numbers they don't want a booming stock market they want a stock market implosion i've been saying this for a very long time i say this because it's true i say this because i know it to be true says because i live in washington dc and i know a lot of people and i know what's said behind the curtain or in the closet or whatever way you'd like to characterize it they would like the economy to collapse they would.
"steve rattner" Discussed on MSNBC Morning Joe
"In america because we reached out and worked with immigrant communities they helped the police to make the city the safest big city in america the last time we had this few murders in new york city the dodgers were playing at ebbets field that happened in the ultimate city of immigrants with immigrants and police cooperation here's the other irony willie donald trump has told me repeatedly in conversations often say you you know know things have great new york city they're great great crimes down things hill at knowledge openly that new york city has gotten safer and then he'll turn around and attack immigrants and try and paint a very few disgusting gang members don't get me wrong i wanna get all those guys in jail too and deport it but he'll paint them as the exemption of all latinos that's what's really going on here and we shouldn't accept it because the facts speak exactly against it and he knows it he said to my face he knows this is a safe city and it's obviously a city of immigrants to know you know you have to run mr mayor before we let you go steve wanted me to ask you nee son in announce so you made the other day can't he now openly smoke blunts when he walks around the inside steve rattner misunderstood steve rattner is a hippie really doesn't want to take the hit no i told me hippie just waiting to come out just wants to walk out of what is the law just okay for cation the law in new york state is it is not legal to smoke marijuana in public and.
"steve rattner" Discussed on KKOB 770 AM
"Has to do with the world that we live in the current situation in the united states and the planet earth since president trump took over everything was going to be a calamity you may recall that on the morning of election day november november eight th two thousand sixteen the economists from the obama white house steve rattner was on dnc tv with the pigeon sisters and he said well on the morning of election day the polls were opening if the unlikely should happen and trump should be elected the stock market would collapse it would be the biggest limit and then the nobel laureate at the new york times who is a democrat waterboy paul krugman and he's a weird little creepy guy that rides the subway at night in a trenchcoat doing puzzles and he he said that trump's election before he was inaugurated was going to lead to a worldwide economic meltdown now i mean obviously these crazy ass they said hillary was gonna win too so they don't have a very good record when it comes to this sort of stuff but everything was going to be terrible you know black clouds we're going to be everywhere the hillary was going to make everything better they told us that the economy couldn't reach three percent economic growth again because barack obama never got there therefore it was impossible to achieve because barack obama couldn't get there donald trump came in and i think before he had his first lunch in the oval office the the economy was thumping along at three percent everything from getting out of the transpacific partnership to talking about renegotiating nafta too well the economy was going to be a calamity right and here's the question that i have for you i've got a crush the three hostages brought home by secretary of state mike pompeo yesterday number one in his class at west point and president trump melania trump and vice president pence out there at andrews joint base andrews they call it now i still like to call it andrews air force base and the at three o'clock in the morning and the president the first lady the vice president out there to greet the three american hostages that were brought home by secretary of state compel now the news media there were kind of whizzing all over this this morning like it's no big deal.
"steve rattner" Discussed on WLOB
"Of the investigation have way way way fewer rights afforded to them than normal defendant like a guy who held up a seven eleven are their lawyers allowed to come in and essentially put any roadblocks they can in the way of the prosecutor to try to get their client off they're allowed to do that and the client has also allowed to just scream at the top of his lungs how innocent is that's all allowed so obstruction of justice is dumb next one the cone investigation they probably get him on something i mean because you can when you come to financial stuff this is why they probably manafort and gates and cohen they'll probably get them on something but again it's all a result of this other phony investigation so all of these charges should be thrown out but i don't know if they're going to be able to but yeah if you want to get somebody on financial stuff especially somebody who's been around trump his whole life almost any businessman and or lawyer for any businessman would you could catch them on on something which is why they'll probably be able to get manafort on business things if this whole thing holds up and they'll probably be able to get cohen but then again at that has anything to do with the state of the and so yeah i would say nothing matters that's my answer eight three three eight five two four eight six six does nothing matter does nothing matter i'll leave you with this before we take a break here steve rattner talking about the state of the country so good number and i think sarah's right that all the three kind of key numbers which will get employment rate than jobs at it and the wage numbers are all kind of sweet spot at the moment wages are not growing that fast which is obviously not great news on one level but on another level it keeps the keeps inflation from coming back and it keeps fed from raising interest rates faster there in the fall of two thousand and twenty the economy looks like this it will be very good for donald trump but there's a long way to go to get from here to.
"steve rattner" Discussed on FT Alphachat
"And keep you on the straight and narrow so look i think the best we're going to do on the revolving door issues is the rules of engagement when i was in the government worthy you couldn't work on anything in the government that you had worked on in the previous two years in the private sector so in fact i thought i was going to be doing work on the auto bailouts but because i had represented the uaw in contract negotiations in two thousand five and two thousand seven that was just within the two year look back rule and so instead of working with steve rattner on the auto bailouts you know i became the chief restructuring officer and worked on things that i had no prior experience with but still called for my expertise as a restructuring person i think there's got to equally be when you leave you should also and there are rules on this banned for a year from coming back to the agency for which you worked and to lobby hitter on anything that you worked on maybe that's got to be a longer ban in order to prevent to the public section that you know you're cashing in on your government service so jim just to keep out where we are now in the banking and financial sector were in the late innings of a long expansion companies have taken advantage of the nine credit conditions to lever up massively households which had delivered are starting to lever up again at the same time we think about the actual financial institutions out there and how the sectors of their saudis massive pools of capital out there and they have organized themselves in private equity and these massive credit funds and shadow banks if you will which are somewhat less regulated thanks themselves into becoming out of their funk and we're seeing that with the banking results this week.
"steve rattner" Discussed on MSNBC Morning Joe
"Right at one of the most difficult jobs he's going to have one of the most important jobs north korea but mike barnicle what a dreadful way to make foreign policy to have your incoming secretary of state promise a full retreat from afghanistan this is something that donald trump again was deeply critical of rock obama for doing saying i'm going to get out of iraq i'm going to get out of afghantistan trumpet always criticizing for that now you have donald trump saying i want to get out of syria and promising to get out of afghantistan if he can get a vote in the senate for his secretary of state nominee well i think you just described the foreign policy of the trump administration it's day to day moment by moment at some points especially with regard to afghanistan and the president's mind he's wanted to get out of afghantistan was talked into a stain a bit longer by general mattis in now the pump nomination he's going to clear he's going to be secretary of state the interesting question is going to be we know we assume and we've heard that mike pompeo has enormous influence with president trump he gets along quite well with him now is he going to be secretary of state plus secretary of defense is going to have his biggest say in the troop movements and troop placements as secretary mattis i think that's going to be potential collision that we're going to be watching we shall see steve rattner is far as mike pompeo goes here's a guy that obviously he's got the education he's got the knowledge he's got he's got the know how of certainly how to work with donald trump he he proved that at the cia at at times he would say things that would distress critics but when he was on the hill for instance talking about russia's influence he said some things that donald trump certainly didn't like he's also promising to rebuild st.
"steve rattner" Discussed on MSNBC Morning Joe
"Well joe i reporting indicates things are sort of at a satis quo lull for a little while kelly has very clear decline in his power and influence and credibility inside the white house but there's no indication that he's actually going to resign and certainly no indication that trump is going to fire him that could of course change any day now but are reporting indicates that the president is content to sort of let this right out for a little bit he feels like kelly can be a useful functionary at sort of staff level in running the paper flow and the operation of the white house even as he's lost influence and actually advising the president and doing the sorts of things that chief of staff ordinarily would do so fill the in your post piece it would after reading it it would give you the sense that general kelly given who he is and who he has been his entire life he's not going to quit it would seem but what does he do all day every day now that he has a president united states who i don't know the last time that he released a public schedule with something on it well i you know i think he spends everyday trying to get through to the next day it's a genuine crisis in that white house it has been for some time now rather chaotic atmosphere and i think kelly is sort of spending its time putting out brushfires as best he can but he's increasingly out of the loop with the president in those early months kelly would be in the oval office literally all day almost babysitting what the president did who we talked to listening in on phone calls now the president's making decisions on his own he hired larry kudlow and john bolton without much consultation with john kelly he's reshaping this administration and the chief of staff is sort of watching from novak room hey phillips steve rattner let me ask you a related subject which is scott pruitt and we all know what's going on there but what struck me over the weekend was what scott pruitt is accused of doing is multiple times anything that tom price did and had to leave for the fifty dollar condo the first class travel the security this stuff at his office the list is very very long so why.
"steve rattner" Discussed on MSNBC Morning Joe
"Leaving aside for a second the fact that it's it's personally motivated vitriol it's lies concocted to today amid somebody who he thinks is an enemy but it also makes no sense simply makes no sense and it has to assume that people have no idea how nato works or have no idea how business works you know steve rattner knows a whole lot more by business i do but i assume that if the post office wanted to charge amazon a whole lot money for shipping lot more money for shipping amazon would take his business elsewhere and then the post office wouldn't have that business and in fact a whole lot of people would probably lose their jobs but but what do i know you know i it's it's he he seems not understand fundamentals of how the world works sometimes and it's all colored by this this this i r this anger incoherent rage at anybody who we think's is an opponent just a lease to talk about just how clearly these these statements that he's rattling off our lies and of course he's been lying every day and you can look at it in the washington post or other newspapers document documentaries on these very obvious lies i mean there's no shading there's no question you could go into any court in this land and you could if it were relevant to your case get judicial notice have the judge say digital motors that one amazon doesn't get a discount rate it gets the same bulk rate that everybody else in america gets to us tax payers do not subsidize a special rate for amazon in fact us taxpayers don't even pay for the actual operations of the post office and three.
"steve rattner" Discussed on MSNBC Morning Joe
"A federal district court judge is letting their case advanced though it's been limited only to payments involving the trump international hotel in washington the suit was filed by washington dc and the state of maryland accusing the president of violating the constitution's anticorruption closets last night the trump hotel near the white house was hit with a light projection reading this crime scene do not enter jewish vance as as we've as we've said before on this show the president of the united states from his first week or two in office actually declared war on the federal judiciary is talked about republican judges and said that those republican judges in in washington state we're were questioned whether they actually had a thirty or not and we're seeing judges strike back time and time again how big of a deal is this ruling that that we actually can start to have have hearings and have inquiry into whether the president is violating the emoluments clause this ruling is a big deal this is the first of the emoluments clause cases that's been able to move forward and even though it's limited solely to the claims about trump tower does claims maybe very powerful because they involve or allegations by other hotel owners that their business has dropped off while the president is making a lot of money based on the fact that people who want to curry favor with him or able to do that by going to his hotel and spending their money there and those claims are very powerful frankly and i think the interesting aspect of this as you point out is the reaction of the federal judiciary my expectation is that they will take their revenge on the president for all of his comments against them by acting with the very high level of integrity by scrupulously reviewing the claims and by acting consistently with the law in all regards by up holding the integrity of the judicial branch they'll innocence be delivering a very loud response to the president as judges across this country have been doing steve rattner if you look at what the president's been doing nuttal in washington dc but also down in more log.
"steve rattner" Discussed on MSNBC Morning Joe
"Exactly redeeming and you wonder where they find all these now the only defense that the trump team i think would likely raise is that this dealt with with a criminal charge in ukraine it's not clear they were discussing the campaign but this russian saturated circle of friends is rather disturbing and obviously muller's a great deal to work with here why you know if you go back to let's say you go back to the months in between the election steve rattner and donald trump's inauguration or you just look at what was said in january and february of two thousand seventeen by people like mike pence donald trump sean spicer other people connected to this campaign they categorically denied talking to any russians mike pence famously sang we only spoke to citizens of the united states and there were both denials that they ever spoke to any russians during the campaign this was of course after the meeting and don juniors office after manafort and gates apparently had meetings and spoke to one russian contact after another after jeff sessions had so many meetings with russians but forgot all of them after jared kushner did the same for got to write all of those meetings down on his disclosure forms yes we have this drip drip drip so now here we are finding out in march of two thousand eighteen that in fact there was contact between the highest levels of the trump campaign and russian intel officers maybe that's not quite as shocking as it was back in january of two thousand seventeen but you know it just the the water just keeps getting warmer and warmer and you can almost see this the boil.