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tv   Key Capitol Hill Hearings  CSPAN  October 7, 2016 2:00pm-4:01pm EDT

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different countries, different languages, they just get in the pitch and they hammer it out for however many minutes they can stand up. after -- at the end of that, after cursing each other their out -- throughout, they going to a beer. a hope many of the things we face today can be solved with soccer. post: what a wonderful sentence -- sentiment to end the program on. thank you. thank you very much. [captions copyright national cable satellite corp. 2014] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org]
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[indistinct conversations]
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>> you can find this event and other related events to the imf and world bank meetings we have covered this week at his band.org. happening this week, the supreme court beginning it sent -- sessions and we'll bring the oral argument tonight. the court considering if duane was effective. the oral argument at eight -- apm eastern. the second presidential debate is sunday night. watch our live coverage at 7:30 p.m. eastern for a preview. at 8:30 p.m., the predebate briefing for the audience.
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at 9 p.m., live coverage followed by your reaction, your calls, tweets, and comments. the second presidential debate, watch live on c-span. watch live or on-demand using your desktop, phone, or tablet at c-span.org. listen to live coverage on your phone with the free c-span radio app. arelable at the app store -- or on google play. every weekend book tv range of 48 hours of nonfiction books and authors here it are some of our programs us we can. saturday, heller clinton's e-mail controversy is the topic of an author panel discussion with the author of "clinton cash." fitten.corsi, and tom details thompson jones the day to day work of u.s. diplomats and looks at the issue of linked diplomatic cables in secretary,o the
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leaked cables and the american foreign-policy disconnect." >> a think lakes are going to be part of government life and the speed and missed -- multiplicity with which we communicate not only in long cables but short e-mails, texts, social media, tweets, all that is going to be part of the body politic. >> on sunday at 6:45 p.m. eastern, joseph stiglitz on the future of the euro in his book "the euro, how a common currency threatens the future of europe." for theok tv.org complete schedule. weekend,nto the debate hillary clinton is walking into the final stretch of this
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contest with as much cash at her direct disposal is any white house contender in history. her operatives expect her to use it to blanket the battleground states with organizers and heavy dose of anti-donald trump adds. that is from politico. donald trump took questions in a town hall meeting in new hampshire, perhaps a preview of sunday's town hall style format in the presidential debate. he gave support to those impacted by hurricane matthew. hosts moderated by radio howie cards. [applause] host: are you ready, to see the next president of the united states, donald trump? some good news in the polls. as you know, the boston globe is
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choking but donald trump is tied again in the granite state of new hampshire. his ahead in the l.a. times polls, things are looking good. there's a big debate coming up on sunday night as you know. we are going to have some questions, i got to all your questions here, i will ask them but donald trump wants to say a few words to you. donald trump, welcome to new hampshire. [applause] mr. trump: is that mike working, it's likely presidential
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commission where they gave us a bum mike. some commission that is, i tell you. i want to thank everybody. this is great. we won new hampshire in the primaries before exceeding the numbers that everybody thought and now i hear we are winning by one and tied and winning by two and tied in another one. how are you? i to think anybody. this is me to be with you. these came out. whenever we won i like to talk about the polls. where -- if we're doing badly, i do not. i do not know about polls. when we are doing well i know about polls. i used to -- where is chris christie? is it what did you talk about the cold -- polls?
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thank you, everyone and new hampshire is where we had our first victory. you remember that, right? we went on to lots of other places, lots of other places. we had tremendous support from so many of our friends and tremendous complement. from brady and coach belichick we just haveeople, great relationships and great relationships appear. these just came out, just literally came out. trump, 43, clinton, 41. los angeles times, national, great hole supposedly. that is because i am leading. trump, 46. clinton, 42. trump 49, clinton, 47. writers access. south carolina, trump, 49,
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clinton 44. south carolina is great. that is where we had another great, the results in south carolina during the primary were amazing. it was fantastic, great people. colorado, trump, 45, clinton 43. i just left, that was a good one. wisconsin where i am going tomorrow was -- they have trump at 42 and clinton at 42. that is ok because that was about 15 points behind three of four weeks ago i think. that is one. anyone can check them. you can check them. here is one that is a biggie. upi just came out a little while ago. love virginia. tremendous properties, a lot of employees. i think all my employees are voting. virginia, trump 15, clinton 45. upi.
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that is a big one. look at the media, they are going crazy. they can't know, believe this. they are not happy, i want to tell you. this is not the way it is supposed to be happening. american people. right question mark this is not what they had in mind. media with the crooked hillary. new hampshire, 48-48, what is wrong, what is going on here? i do not like that. that does not sound like my friends, we are going to win new hampshire. we're going to win. these all just came out while ago. arizona, 52, clinton, 42. here is a good one. north carolina, upi trump 50, , clinton, 46.
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look at this one. the state of pennsylvania where i went to school, went to college, pennsylvania, trump 50, clinton, 46. [applause] mr. trump: and here is another good one, great stay, the people -- a state, i love the people of georgia. trump, 52, clinton, 43. you send it back to the press so they can examine it. i want to thank you very much, it is really amazing, and i want to thank chris for being here, and all of my friends. so many, steve i see over here and all of the friends i have, it is been incredible. i wanted to be here because we have lots of energy and we love the people. and we love the people, in particular because it was my first day, it meant so much for me. i used to come up -- thank you,
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i feel the same way. i used to come up and we would have meetings with people and they kept talking about heroin, heroin, heroin. it is so different from the beautiful lakes and roads, you talk about it and it does not work. it does not seem right but it is a tremendous problem here and all over the country. and we will close up the border, build a wall. we got the ice endorsement yesterday, great people. [applause] mr. trump: and we got the border patrol endorsement, 16,500. and sheriff jones -- sheriff joe's endorsement. tough, sheriff joe is tough and good. but getting ice was tremendous force. -- for us. i want to make a quick remark, and we will start. i know it is hot in here and we want to keep this small. they were saying this is practice for this has nothing to
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sunday. do with sunday, we are just here because we wanted to be here. hillary, frankly, talks about debate prep. it is not debate prep, she is resting. [laughter] mr. trump: and i want to be with the american people, and the people of new hampshire, and she wants to rest. [applause] mr. trump: tonight we will discuss many issues of great importance to new hampshire. few states in america have been hurt worse by the trade policies of my opponent, and you know that. nafta has been a desire -- nafta has been a disaster, signed by her husband. one in three jobs lost since we made deals with china, wto, what a disaster that was. supported by hillary clinton. the nafta deal signed by her husband, although he did a great thing days ago when he was willing to say how bad obamacare was, that was pretty good.
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[applause] mr. trump: the open border policies, and i just wrote this out, the open border policies of hillary clinton, including catch and release, another terrible practice, have allowed a massive influx of drugs into new hampshire, and frankly, into states all over our country. almost every state. and it has fueled the tremendous heroin and drug crisis we have. we will close up those borders. and a promise that to you in new hampshire. more than anything else, and they talk about it everywhere i go. this was really the first glimpse i got of how serious the problem we have, they are poisoning our youth, poisoning everybody. but they are poisoning our youth. it is tough enough out there. our youth that does not have a chance with what is happening.
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we will not let it happen anymore and we will help the people that are so badly affected. [applause] mr. trump: i will bring it your jobs back, jobs are leaving like you have never seen before, record levels. i will stop the drugs from coming in. i will create school choice and we will get rid of common core, which is a disaster. [applause] mr. trump: and we will create something very special for every disadvantaged child in this country. of which, we have far too many. we are going to repeal and replace obamacare. [applause] mr. trump: admitted -- what bill admitted this week is a crazy system. [laughter] mr. trump: hey, at least he is
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honest. boy, he has suffered. can you imagine that? has he suffered. [laughter] mr. trump: he says it is a crazy system that does not make sense and does not work, and were people and up with premiums doubled and coverage cut in half. i could not have said it better myself. i have been saying it for two years, longer. i'm going to put him on the campaign. do you think anyone has called him? he did a minor retraction, but you can see he was unhappy about it. you remember the name, jonathan gruber, the architect, admitted he was sold on lies. he thought he was talking to his friend. his friend turned out not to be such a good friend. his friend had a little cell phone, cell phones are brutal. just like e-mails are brutal unless you want to delete them all. [laughter]
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mr. trump: unless you delete about 33,000. but jonathan gruber the architect of obamacare admitted it was sold on lies, and talked about the stupidity of the american voter. remember that, the stupidity of the american voter? the only stupidity was that the politicians who ignore the american people and absolutely forced this thing down their throats, hillary clinton wants to double down and make it even worse. that is what is going to happen. me, you have seen what we're going to do. we will have much, much better health care at a much lower price. people will be very happy. extremely happy. and we will take care of those were disadvantaged and cannot afford to do what others can afford to do. we will take care of them better than they are being taken care of now. but you're going to have health
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care that works, health care companies compete to get your business, they will come up with plans you have not even seen or thought about right now, it will be a beautiful thing to see. and i'm sure we will be talking about it sunday night on the debate. there is no way we are losing. obamacare is a disaster. [applause] mr. trump: we will create a more honest government, our government is a disaster. how about the $1.7 million in cash -- a member it was going to be 400 million, it turned out to be $1.7 billion in cash. it would fill this room, although it was from all different nationalities. you would put it in hundreds but maybe -- but it was currencies from different nations. they said, anybody so stupid to make a deal like this, we do not want their money. [laughter] mr. trump: can you imagine this, these people? they never saw anything like it. they have plenty of money they will use, going to their swiss bank in cap -- swiss bank accounts.
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we gave it to them, and boy, did we give it to them. i want to let you know we are going to be a country that will be run properly, and by the time this finishes, we will have tremendous amounts of money that i find myself. we have a lot of wonderful people, in terms of small donations. that is coming in fantastically. we have some people who feel very good about our country under proper leadership. but we are doing it ourselves. when people call of to ask for certain favors that are bad for the country but good for them, the best part, i do not have to take their phone call. i do not need them. i do not have to take their phone call.
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[applause] mr. trump: before we go any further, i want to send our thoughts to all of the people, and prayers, to the millions in the past -- path of what is known as hurricane matthew. it is a big one and a bad one. hopefully it takes a right turn, but it looks like it is going the opposite direction, not good. one of the strongest storms to hit in many decades, and our neighbors in florida and georgia and the carolinas are in the direct path, it seems. southeast florida is taking the brunt. i have a lot of friends in florida, a lot of buildings, and a lot of investments, a lot of great employees. they are taking the brunt of the storm. to all of my friends in florida, please know we are praying for you everyone in the path you have to take care of yourself and get out of the area. you have a great governor, governor scott. you have to listen.
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it could be a really, really bad one. it is going to be a rough couple of days and maybe beyond that we , will see what the path is. we have seen the damage to her haiti.caribbean, they say in haiti 270 people have been killed by this terrible storm. to folks in haiti and all over, we will be helping you and we will be with you. we send our best wishes and prayers. we have a tremendous problem brewing right now as we speak. we will know in about four or five hours. i just spoke to rick scott, and governor christie spoke to rick scott. it looks like it is just for -- four or five hours away. whatever happens, we are with everybody.
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it looks like it is going to be a bad one, maybe the worst in a long time. with that, al carr has been amazing. i do not know if he supports me -- i am not sure he has allowed to, but i think he probably does. he has been amazing, and he is a very talented guy, he is a terrific guy with a terrific family. when we came up and a lot of people wanted us to do this, we said, let's get how a. let's go. you have some questions. howie: i do. i have a clock on the store that says, two minutes. do you want me to call you when it goes over two minutes? mr. trump: tell you what, if i i am doing well do not call me. ,if i am answering the question poorly, than you can call me. go ahead.
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>> first question, if i have the name, i will have the first person to stand up. this is matthew, in bedford, new hampshire. mr. trump: hi, matthew. >> he says after the first debate, some within the party suggest you should have gone after hillary more. did you hold back, and you plan on criticizing her more this weekend? mr. trump: i did hold back, i thought it was inappropriate to say what i was really thinking. i held back for good reason. i would much rather have it be on policy, and i did not like getting into the gutter. honestly, this was the so-called commission on presidential debates. give me a break. one of them comes from the hillary camp, had person. -- the head person. >> how does your microphone
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work? mr. trump: my microphone works perfectly. it is ingesting, i went there -- it is interesting. i went there a little bit before and i said, boy, the mike is so great. they turned it up and down. we had a real problem. the head of the debate said, it was a serious problem. it was a serious problem after the debate. an hour and a half. now that the debate is over i am going backstage to find out what is wrong. [laughter] mr. trump: i really felt like -- like i wanted to keep it on high a level as possible. i think we are all better off if we can do that because it is about issues and policies. [applause] >> you kept it at one minute and 20. what are the biggest foreign-policy failures of the last 15 years?
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mr. trump: do we have 24 hours to talk about it? we have had failures at every level, i think the iran deal is one of the worst deals i have ever seen, it will lead to nuclear weapons. we met netanyahu the other day and talked about it. not to reveal what he said, but i can tell you what i said. this is horrible for israel and for our country. it is a horrible deal because over a short period of time, they will end up with nuclear weapons. on top of it, we gave them back $150 billion. we paid ransom for our hostages, obviously, and obama said it had nothing to do -- why did they delay it? until all this money came in? most importantly, it is a bad deal. i think nuclear is about the biggest problem we have in the world today. obama thinks it is global warming, i think it is nuclear
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in the hands of the wrong players. this is devastating, there is no winner. there will never be a winner with nuclear, believe me. deals are fine, but they have to be good deals. secretary kerry never left the table, he just agreed, agreed. he would want something, they would say no and he would agree. so sad, but there is one example of a horrible thing, we should never have gone into iraq. but of equal importance, but equal importance, how we got out. obama created this incredible vacuum, isis was formed, a lot of other problems happened. totally destabilized. the surge, whether you are in favor of going in or not, the surge worked. then we announced we are leaving here, how about most of -- mosul.
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they keep saying we will attack mosul, why did they say that? a lot of the bad guys, the leaders of isis are there. isn't there an element of surprise? remember when we were young studying history and they would talk about the great generals and greater tax and the element of surprise -- great attacks and element of surprise? what if we did it first and talked about it later? [applause] mr. trump: they're wasting their time because everyone we want will be gone. it will be also billions and -- all civilians and there will be tremendous death and carnage. the people we want which are the leaders, they will say get the hell out of here. it is a sad thing, we are run by people who are incompetent.
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i will try that. -- tell you that. [applause] >> charlene, is she here? mr. trump: how are you? >> charlene says, mr. trump, i am an eighth generation american of mexican descent. i live in california, you have my vote. i want to help other hispanics see the truth. she talks about how the current administration and the border security, the sanctuary cities are increasing, drugs and crime. what would you say to convince deceived byo are barack obama, hillary clinton, and the biased media to vote for you? mr. trump: thank you very much and i appreciate it. there was a gentleman who owns a big radio station, all hispanic colors and he was arguing with he said the people who are calling in, hispanics, the love trump, they are all for
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trump. i was surprised but i am for trump also. this is happening more and more. i just get back from las vegas where we gave a tremendous, we had a tremendous crowd of people -- crowd of people. like to bethey called latinos and that areas, you know that. we had tremendous response and tremendous with an outpouring of love, amazing. people that are here legally, they do not want people coming across the border illegally taking a jobs coming taking their homes, whatever they want to take. we want people to come. i want people to come in so bad but we want them legally. we have a border. if you do not have a border, you do not have a country. two big surprises, we will do great with african-americans, you look at what is happening with the inner cities, it is a disgrace. the democrats have been running them for up to 100 years unbroken. the african-americans to believe me, i think we are doing, and
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you see how the numbers are changing. one thing they do not have a lot of confidence in hillary clinton, she has lied to them for years. she does not produce. she does -- we will do great with the african-americans, you look at the poverty in inner cities and you look at the crime, education, and there is no jobs. we will do fantastic with hispanics. i believe that. do it well. >> karen whitaker. how do you define the income range for middle-class? the middle class has been forgotten in this country. companies have
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left our country. they have gone to mexico and other places. china is making so much of our product, we don't make any product anymore, like we used to. such a great question, because the middle class has been treated so badly by the politicians. we are lowering taxes, as you know, way down for the middle class. we are changing the tax structure completely. we had seven brackets. now we have three. and we are bringing it down actually for those making not a lot. it is zero. and we don't want them because it is huge bureaucratically and extremely costly, but we are bringing the race down to numbers that are much lower. you have seen the numbers. much lower. and you are going to have a much lower tax base. hillary clinton is raising your taxes way up. i don't even know what she's thinking. we are already the highest taxed nation in the world. every once a while, they will factcheck me. now, there is a nation you have
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never heard of where it is slightly higher. we are just about, of the industrialized nations, we are the highest taxpayers in the world. we are the highest taxed nation in the world. business will be 35%, 15%, we're cutting regulations. we want regulations, for environmental. we want regulations, for safety. but the regulations are massive, they are massive. and we're cutting the regulations at a tremendous clip, and i would say 70% of the regulations can go. it is just stopping businesses from growing. and i think you are going to see a tremendous change in this country. we are going to see jobs come back. we're going to see companies come back into the country. we are leaving. it is a one-way street.
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mexico is the eighth wonder of the world. we have a one-way street right out of the country and they are going largely to mexico and other places, but mexico is the eighth wonder of the world. i have a friend who builds these massive plants. he says you have to see what is going on in mexico. i said how about our country? he said not so much. we will switch that around here and we will get along the mexico by the way. it is a one-way highway out of the u.s. >> capa? i recently graduated magna cum laude with a b.s. in chemistry and i'm having trouble finding a job. what is your plan to bring jobs back to america? mr. trump: that is the biggest problem, and that takes place with so many. and even though it is 100 degrees in the room, it was not meant for this many people, you do know that. i heard the other night, i was making a speech and we had tremendous, massive crowds and it was really hot. so a little warm, there might've been a little bit of sweat. one of these dishonest people said donald trump was sweating. sweating? it was 100 degrees.
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and guess what -- we are all sweating tonight. that is ok. it is healthy. the biggest problem you have people go to college. that is great. getting out now, it is fantastic. but people go to college, they borrow money, up to here, up to their neck in debt. they get out and can i get a get a job. it is such a massive problem. the really good jobs are gone, and they have gone to other countries. and so many other countries are making our product. i want to see the day when you can get those great marks in incredible profession, which you love probably, or you would not have been so high up in the class, right, at the top? i want to see the day we have those jobs back in this country at the highest level. i want to see the day when apple will make their iphones in this country, instead of making them in china, vietnam, all over the
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place. ok? and believe me, i will make that happen if i'm president. i use apple, but apple is not making them here, mostly china, now vietnam, which is becoming very strong for this. they're going to start making them here. we have the most unbelievable people. if i have learned one thing in going around, we started on june 16 of last year, and i have gotten to know the people. and we have by far the biggest rallies that people have seen, far bigger than bernie, he was second, but far bigger. now, bernie's not so big. bernie made a big mistake. bernie sanders would have been legendary if he did not make a deal with the devil. when he made that deal, his stock went way down, it went way down. honestly, even as somebody that has disagreed with him on a lot of things, other than trade, we agree very much on trade, very, very much. except i will do things about trade, because i like free
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trade, but i want to make great deal fair trade. he was right, because our country is being ripped off on jobs and everything. but we are going to have a country that makes product again. we are to have a country that apple and these other great companies are going to make their product in our country, and we're going to have lots of people working, including yourself. we have to do that. ok? thank you. >> is bob swanson here? bob swanson? this one of my favorite questions. when you become president, can you assure the american people you are going to clean house from the top, at the fbi, justice department, state department, v.a.? and in what order would you start? mr. trump: well, i guess we will be talking about this for a while to come, but i have to tell you, it is one of the saddest things i've ever seen happen to our country.
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what has happened with hillary clinton, where you send e-mails, where they send a subpoena, and they want all of your e-mails. i mean, if you're in private business and you do what she did, it is called the hoosgow, ok? the united states congress, congress, sent a subpoena wanting e-mails. and she gets the subpoena and she deletes 33,000 e-mails. and it many other things, including lying all over the place. and you see people who have suffered greatly, including general petreaus, for doing a tiny fraction. you can talk about it, but the lies she told the congress and the life you go to the people,
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with the life he told the congress, you see the fbi give her a no anything, no swearing in. you don't have to even swear in? they questioned her on the 4th of july. and then, they released the findings on labor day, right before labor day. everyone is gone, they're going here and there. i think what has happened with respect to -- because i have said respect for the people in the fbi and i have such incredible people -- what is happened to the fbi and to the justice department and the highest level, honestly, i think it is one of the saddest things i've ever seen in this country. whether we like it or do not like it, to look at what has happened and to look at the way it has been handled, and you know, every time i speak this is mentioned, the subject of the people going crazy, the people in this country are very, very angry, very, very, angry. and i would think that, i don't know this, but i would think that some of these great fbi agents and the people that work within the fbi, i would imagine
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they are just furious as to what has happened to the reputation of the fbi. so, i mean, i think it is an amazing question. honestly, it is like we are a third world country. it is one of the saddest things i have seen happen in this country, and it happened to justice, and that is probably i guess the way you feel also? yeah, it is very sad. >> a quick follow up, what would you do with comey? mr. trump: i just am very disappointed. you know, when he read the charges, 1, 2, 3, 4 -- i'm saying, wow, they're going to do the right thing. then, he goes -- essentially, however, it was amazing. to go point after point, that was only a few of them. so it is very disappointing. very disappointing.
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>> sharon osbourne from auburn? sharon? sharon? for the conservative holdouts on mr. trump that were not on the bandwagon yet, what can you say to convince them that you have support for traditional conservative rights mean they should endorse you? mr. trump: we don't have too many. i will be honest with you, the press likes to report we have some of these long-term people that have done such a bad job. look at the problem our country is in. i would never use these people. and they know that. they announce a group they are going over to hillary, right? you understand. they announce in the group. we have tremendous support, including a couple of your very distinguished folks from new hampshire, who are against me, who are now for me. and you are allowed to announce
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the names, but we have tremendous support in new hampshire. one of them was very tough and very smart. go ahead. >> john sununu? mr. trump: he is tough. up four points. -- his son is up four points. mr. trump: that is good. \mr. trump: that is good. i thought it was terrific. i mentioned the other day. and, i'm sorry, i think they're great people, but he was tough. i tell you what, he was really hunting for trump. and you know what, i have respect for someone, that it is not that easy to pivot, as you would say. but i very much appreciate the family, and the fact that they are with me. and i am with them. and they are going to do very well. he will do very well. i see the numbers. you know, one of the things that happened, they thought, oh, trump, i have never done this. i've done very well in life and business, a lot of things very well, but i've never done this.
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all of the reports -- you'll take down the center and the senator? you know how well their publicans are doing? i guess there is a gentleman in illinois not doing so well. this guy was actually taking out ads against me. maybe he is a democrat. he is not doing well, but hey, that is his problem. he was not for me. if you look at, there were political reasons, but if you look at what is going on, now they are all talking about -- in fact the other day i saw very interestingly, you know, donald trump is having a very positive effect on these races. the republicans are going to hold. they're doing terrifically well, far better than anyone thought. and frankly, we are winning states and going to win some states that would never in a million years -- you know this, be in play. we have some states like colorado, somebody else would not do well. we're doing great. i think we are leading colorado and one of the polls that came out. i just left, we are leading a lot of places, and doing at
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least very competitively in a lot of states that absolutely would not be for republicans. and one of the funny things, they do the maps, remember, i watched the people that do the maps. it is tough for the republicans, i have to tell you, but there is a very small path. i was watching the other day, same person was saying, wow, this pathway is getting a lot wider. does not mean they were happy about it, but now four different paths. nate silver, you know, he did not predict us in the primary. he never called a loser before. he has always been on the right side of what happened in terms of at least his predictions. he did not predict me in the primaries, and in all fairness, he has never seen me, never spoken to me, never saw what we did. you know, we had 17 very counted people. one by one by one, it was a beautiful sight to watch. beautiful.
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by the way, those people, most of them endorsed me. ben carson, chris christie, so many of them endorse me. they are great. scott walker has been incredible. >> he helped pence. mr. trump: mike pence has been fantastic. he did a great job last night. >> that brings me to another question from lois from brentwood. did you really say -- were you upset about mr. pence's debate success, as john harwood said? mr. trump: john harwood was the worst moderator out of all the debates we had, 11 or 12? he was so bad. this guy knows nothing about it. i was so happy. i saw today that someone on cnn, the clinton news network, who knows nothing about us, they use john king actually. i like him on the maps, does a good job. i like them better than i did a
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couple months ago, now all of a sudden that map is getting very red. but john king said, you know, they always have a source, they always have a source. nobody talks to him. nobody talks because he is like the enemy, the enemy, but a few of the people said donald trump was first happy, then unhappy, because mike pence did so well. quit jumping up and down. i will to you what, he is a great human being. you cannot root against him. you can't. i was telling chris christie, can you imagine these people saying that i would have loved to, you know, see him not do well because that makes me look better? these people, that is why a guy like john king has stayed in the same position. how old is he? i think, someday, he will be
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an anchor. guess what -- he is still doing the maps. no, i was so happy. i can give you my word on this, i was so happy that mike did well. we were talking all during the day. i was giving him some ideas, running things by each other. it is so disconcerting, even tonight, they said donald trump is going to new hampshire to practice for sunday. this has nothing to do with sunday. it is like they make you into a child. i love the people of new hampshire. this was set up a little while ago. they were going to cancel it, and i said why are you going to cancel it? forget debate prep. give me a break. do you think hillary clinton is debate prepping for three or four days? she is resting. she wants to build up your energy for sunday night. and you know what? that is fine. but the narrative is so foolish. i'm here for one reason.
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i love the people of new hampshire. i said was when to be here, and i am here. very simple. >> this one is unsigned -- mr. trump: that is trouble. >> what advice would you give to young americans trying to pursue the american dream? mr. trump: always love what you're doing. you may have parents pushing you one way, but you know you have to do what you love. i say this all the time in speeches and everything, i mean, i will speak in front of young people because i love doing it, i say always follow your dream. always go into what you love. and never, ever quit or give up. i have seen a lot of people, big people and not so big, usually not a big because if they quit they won't get big, the most successful people i have been with never quit and never give up. they just do not take no for an answer. do something that you really love doing, because that is not work.
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and never, ever quit or give up. do one or two more? >> i think you have dealt with this one before. it is from al over there. stand up, al. mr. trump: hello, al. >> al wants to know what you are do about the v.a.? mr. trump: the veterans, as al can tell you and a lot of veterans because i recognize in the room, because i have come very close to the vets, in iowa and new hampshire, but really a close to them. i tell you what, in many cases, they are living in hell. what is going on with the veterans administration between the corruption, the long waits, 22 suicide today -- i thought that was a typo. i said, that is impossible. 22 suicides a day, much caused
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by the fact they cannot get to see a doctor. at the end of the sixth day, the doctor says, i'm sorry, i'm going on vacation. the vets tell me this, they have really good doctors, but getting to see them is sometimes almost impossible. we are going to solve, finally, the problem of the veterans administration. we have illegal immigrants that are many cases treated better than our veterans. you know that everybody knows that. they are being treated better than our veterans. one of the things we're going to do is the lines are impossible. getting to see a doctor is just days and days. when that circumstance happens, we will let our veterans go across the street, around the corner, two miles away, and see a doctor, private, or a hospital, public or private, where they are looking for work, where they have wonderful people looking for
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work. take care of the problem, and we cheapest thing we can do, the cheapest thing we can do. and al can tell you, a lot of the vets i recognize in the room, i can tell you, everybody is in love with a plan. we will keep the plan, but keep the veterans administration, keep the hospitals, the building because i think that is important. we have to take care of our vets. these are people that we would not be here if one for them. but when they are waiting in line, and they know there is no end in sight, and honestly, they are dying. they need a simple procedure, they need a prescription, they need something very easy, and they end up dying. and it is a very sad thing, so there would be able to go across the street to a public or private hospital, to a doctor, and we're going to take care of our vets. for the first time we're really going to take care of our vets. >> pete from nashua?
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pete says hillary clinton wants to give social security and medicare to illegal immigrants through citizenship. won't this bankrupt the program? mr. trump: let me tell you, you have heard that, and most people do not believe that, but it is true. she is open border. look, when the border patrol agents, they have never endorsed a presidential candidate before, but these are great people. they want to do their job. it is much harder to do the job, than to stand back and let the -- them in. catch and release is a disaster. but when they want to do their jobs and it is much more difficult and they come out and endorse donald trump, who is what happened to the jobs? we're going to build the wall, stopping coming from in.
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more than any other place, i made this in new hampshire because i really cannot believe it, i said if i win and i become president, first get the nomination. that happened. become president. i promised the people of new hampshire that we are going to stop this crap from coming into your state 100%. 100%. and it can be done, and it can be done even before the wall goes up. the wall is a necessary adjunct. i asked the border control, ice folks that endorsed me, patrol folks that endorse me, how important is the wall? you know, i am so committed to the wall. i was pretty sure they were going to say this, but i was not 100%. they said, mr. trump, it is absolutely necessary for us to do our proper job. which made me, you know, gave me a little additional security, as far as the wall is concerned. we need the wall. we have to stop the drugs. heroin, many drugs, we have to
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stop the drugs from pouring into our country. it is poisoning our country, poisoning our youth. and we are going to stop it, and we're stopping it fast, long before the wall comes up. i get them built fast. long before, we will stop that poison from flowing into our country. ok? one more. we'll do another question. >> i would ask you the kind of question hillary clinton gets sometimes. i mean, easy. mr. trump: she gets easy ones. by the way, i am getting boom, boom, boom. with her -- what would you do to fix the economy? that is much tougher than you would understand, and you know, she doesn't have a clue, but you see the questions i was getting. >> laura from hampton, new hampshire, are you here? laura: a fun question.
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a funump: let's havea question. >> what is one of your earliest memories as a child, and why do you think it stands out? and then she goes on -- mr. trump: thank you, thank you. i think just the relationship i had with my parents. you know, my father built houses in brooklyn and queens, and apartments. he was a great negotiator. it was not that he taught me, he would be on the telephone negotiating with the plumber or electrician or sheetrocker, and i would hear this, and i will be playing with blocks at his knee on the floor. in and it was always so vivid. he was always negotiating. and you know what? that is what we need in this country, because people are running away with our country. you look at what is going on, whether it is the border or our depleted military -- the greatest people on earth are hour military, but they have old equipment. they saw where they show fighter
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jets that are 18 years old, so old they don't make the parts anymore. these are fighter jets that our people are flying now, and they have to go into plane graveyards, graveyards to get parts. they have to go into museums to get parts. no, we need a strong military. we need to protect our second amendment. we need to take care of our vets. we need borders. we need great education, getting rid of common core, so important. and by the way, one thing, i know john sununu and a lot of other people felt this was so important when it came out so strongly, united states supreme court. we need -- we lost a great justice, justice scalia. great justice. we need great justices who are going to uphold our constitution. and if hillary clinton gets in, you are going to have a much different country. so so many people feel it is important. i personally feel it is the most
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important things -- defense, we have to stop the people from coming in looking to do us harm. they are pouring in. and hillary clinton wants to have them coming in at a rate of 550% more than president obama. we're going to stop it. you know the statement, we are going to make america great again. and it is going to happen quickly. so thank you very much, everybody. >> i got one more question for you, donald. i will let you read it. remember where you are tonight. mr. trump: oh, the world series -- look. of course, it is boston. >> donald trump, give him around of applause. donald j. trump, the next president of the united states.
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thank you, donald trump. good luck to florida, good luck in wisconsin tomorrow, good luck in st. louis tomorrow night. thank you, donald trump. give him a big hand as he leaves. thank you, donald trump. >> trump! trump! trump! trump! [captions copyright national cable satellite corp. 2016] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org]
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>> euros c-span will be --
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back on c-span will be the campaign trail tomorrow afternoon at 3:30 eastern time. speaker ryan withheld his formal endorsement of the nominee for weeks after he clinched the nomination. we talked about a reporter about what to expect from their first public appearance together and then we will look at campaign appearance together. announcer: donald trump to campaign with house speaker paul ryan this saturday wisconsin. cristina marcos is following the story. she joins us on the phone in washington. thank you for joing us. how did this all come together? ms. marcos: it has been quite a long road for paul ryan and donald trump. if you will recall, even as recently as last december, when
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it was not clear trump would get the nomination, everyone thought he was still this long shot, paul ryan was denouncing his proposal to ban muslims from the country. and since then, he has criticized donald trump on a lot of fronts. and then for few weeks, he declined to endorse donald trump after he effectively clinched the nomination. and as payback, donald trump withheld endorsing ryan and his house primary over the summer. and now, here we are, when they make the first campaign appearance together this weekend. host: it is called wisconsin fall fest. and it sounds like a typical republican event, in the sense it is happening in a key swing state. you have got the wisconsin governor scott walker in attendance. how will this unfold?
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ms. marcos: this happens annually. and a source familiar with the planning told me that donald trump expressed interest in doing an event with ryan, so the speaker extended an invitation on the ground, that he goes through every year anyway. and this will be interesting. as of right now, there aren't any photographs that you see out there of donald trump and paul ryan appearing together on the campaign trail. so for someone who has distanced himself quite a lot from donald trump, even after he did officially endorse them, it could potentially be a little awkward for paul ryan. host: senator ron johnson has his own battle for reelection, being challenged by senator russ feingold. this is a state where both parties say they need if they want to capture or maintain of ms. marcos: the
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u.s. senate next year. and that is right. ron johnson will be at this event, too, that paul ryan and donald trump are going to. so, an interesting strategy compared to some of the other vulnerable senate republican incumbents like kelly ayotte, pat toomey, who have very much distanced themselves from trump. and are generally don't like to say his name, they prefer to say "the nominee." ron johnson meanwhile, he is going to appear in person at the same event with donald trump. host: let me go back to the relationship you talked about the moment ago between house speaker paul ryan. he was of course mitt romney's running mate, the former massachusetts governor, saying he advises people to vote for gary johnson. he did so in a tweet. this relationship between house speaker and donald trump, or lack thereof, how is this going
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to change or evolve or unfold with 30-plus days before the election, and will it have an impact? ms. marcos: this will come just one day before the second presidential debate between hillary clinton and donald trump. and the last 10 days or so have been some of the worst ones of donald trump's campaign. and the aftermath of his comments about a former miss universe. and so it is a pivotal moment for donald trump, if he wants to make a comeback in the debate. host: donald trump in wisconsin this weekend with house speaker paul ryan. the reporting of cristina marcos from "the hill." you can read her reporting on thehill.com. >> how do we measure greatness in america? skyscrapers? our is either a bank accounts? the size of our bank
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accounts? no, it is the values passed on. buildingent my life for our children, and it is my --that means good schools for every child in every zip code, college that leads to opportunities, not that, and an economy where every young american can find a job. we face the challenges, that we can solve the same way families do, working together, inspecting one another, and never giving up. i want our success to be measured by -- i am hillary clinton, and i approve this message. >> what does electing donald trump mean for you? you get a 60% tax rate reduction? you get an average $5,000
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childcare tax reduction. 15% so youget cut to can create jobs. donald trump, austerity for you. i have donald trump and i approve this message. the supreme court heard oral argument in the death sentence davis, where the court considers whether a lower court improperly denied an appeal. this into this tonight at 8:00 p.m. eastern. we have a new page at www.c-span.org to help you follow the supreme court. go to www.c-span.org. near thepreme court right-hand part of the page. you will see a list of all current justices and video on demand.
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at www.c-span.org. "book tv"end, brings you books and authors. saturday, hillary clinton's e-mail controversy is the topic with authors.n p.m., the detail of day-to-day work of diplomats and looks at the issues of leaked diplomatic cables. by a formerviewed undersecretary for democracy and global affairs during the george w. bush administration. >> the speed at which and the
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multiplicity with which we communicate with each other now butonly in long cables, short e-mails, texts, social media, tweets is going to be part of the body politic. sunday, joseph stiglitz on the future of the euro in his recent book. >> this weekend, saturday after 7:00, and author on the history of hate speech and censorship in .merica octoberiladelphia in 1906, and large group of
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african-americans gathered outside the walnut street hadter, one that the klan been scheduled to appear. one report estimated 2000 african-americans came to protest and another thousand white came to observe the process. play, onert of the african american man through and egg. 10:00, theorning at second 1988 presidential debate george bush and michael dukakis. >> i want to bring to the white house the sense of strength and fiscal responsibility which will build a strong foundation under can build thentry best america for its people and our kids and grandkids. would join me in
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appealing to people for the balanced budget amendment to the federal government and for the line item veto. because i think that would be extraordinarily helpful. >> at 6:00, a tour of the uss wisconsin, one of the largest battleships. >> i want to talk about the citadel with this 17-inch armor. we have this door which is closed during combat. it weighs approximately five tons. madeleine albright receives the great americans award from the national museum of american history. >> and then i come back to washington after the conviction, -- convention. says aional journal woman is immediately surrounded by men.
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is it brooke shields? >> for the complete federal, go to www.c-span.org. banke joint imf world meetings are underway in washington. the managing director and the president of the world bank held separate press conference is to outline their agendas. news is an hour in 10 minutes.
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>> thank you very much. good morning. we are on the record. i would ask you to be as short as possible for your questions. we will try to get in as many as we can. managing director of the imf and also the first deputy manager of the imf, and we will begin in the usual way. you have the managing director's agenda already. we will begin with opening remarks from the managing director. arde: before i go into the current economic situation, what our recommendations are, and what it means i would like
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to express our deep concern for the countries that are affected by hurricane matthew. we are very saddened by the and those lost life, we have been trying to help. we stand ready. -- we will do what we can do to help. not only have you had my global policy agenda, that you received the fiscal financial sector report. we are forecasting at 3.1% and 2017 at 3.4%. the outlook for advanced , andmies remains subdued
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the outlook for emergency -- emergent economies calls for optimism with a diversity between the great economies. prospect for low income countries are becoming more challenging as far as sub-saharan africa is concerned. overall, and this is a point i made in chicago a few days ago. we see growth as too low for too long and benefiting too few. itself, it is not good news, but also fertile ground for political dynamics that can depress global growth even more. we believe that countries can move from the current new mediocre, move from that to a .ew pact
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last april i called for the three-pronged approach, which includes monetary. policy, fiscal policy, and structural demands. that remains essential. what is key is now action. my message to the members of the imf tomorrow will be action, please. we believe there is more policy that meets the eye. and by exploiting synergies between these policies, we can generate more space in order to help the economies and resist those political dynamics that i have referred to. we believe each country has something to offer. it is not going to be the same. each country can do something. and my hope at the end of the meeting is that each finance
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minister will go back home thinking, what can i do in order to propel growth, which has for too long benefited too few? when demand is lacking and monetary policy is overstretched, fiscal policy can step up. this will also help put in place the structural reforms that are much-needed, which has been started in some places, but which are seriously lacking as bold policies. we believe that some countries have fiscal space. and they should use it. we certainly include in that
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category countrie like canada, germany, and korea. when there is no physical space, finance ministers can decide to reallocate spending within the same budget envelope toward productivity and enhancing areas. for instance, supporting research and development and financing costs are so low. that is the first point. they have to come together. meansged approach comprehensive prognoses. we believe that consistent policies matter. stay the course. and a group your policies in credible medium-term frameworks. this is seriously lacking. we have been calling for the medium-term frameworks for quite a while, whether it is in the u.s., japan, or other places. we believe that can create spaces to create growth in the short term. while keeping inflation expectations anchored and
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sustainable. so comprehensive, consistent. we believe that now is the time .or international cooperation those of you who follow the g 20 remember the brisbane agenda, the italiana agenda in order to propel growth a little bit higher by an additional 2%. we are short of that clearly. we believe there has to be more international cooperation because it will benefit all countries. if they pull together the same direction and in a more coordinated wacom the positive spillovers will reinforce each other. if there is one thing we are learning from the fiscal -- it is the strong interconnection between all these areas -- financial, trade, gross, that direction. we believe that cooperation and globalization works for all.
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you will have seen my global policy agenda. that is what we call for. we believe that more can be done to raise growth now and to make it more inclusive. again, having a determination to include all in the social contract is great. but there has to be growth in order to allocate amongst everybody. we know that globalization has worked over the years. it has delivered great benefits to many people. we do not think it is time to push against that. and we believe it is time to actually push forward with what we know has worked. but it needs to be slightly different. it cannot be that push for trade as we have seen it historically, inclusiveness, determination to make it work for all, and pay attention to those who are being left out whether it is the result of technology, digital,
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economy, or international trade by modification of supply chains. that factor has to be taken into account. so what does it mean for the imf? it means if we want to address the inequality issues we need to have a strong international safety net so that countries that feel at risk because of policies determined elsewhere have the tools and financing instruments to respond. in this context, i am pleased to note our board is in the approved the extension of zero-interest rates on all concessional facilities until 2018, and thereafter if interest rates remain low around the world. and that is important for low-income countries to be able to absorb the shock without going to the international market relying on bilateral lending that can be far more expensive. thatpleased to announce
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the membership has responded very positively to my call to maintain the overall lending capacity of close to $1 trillion by expanding access to bilateral borrowing agreements. the new agreements that are being signed this week will run at least through the end of 2019 and will continue to serve as a third line of defense. as you know, the first line of defense is quota, second is new arrangements to borrow, third line will be those bilateral loans. we have so far received pledges of $344 billion from 26 members. and we look forward to others joining this effort. we will provide more details shortly, and there will be some sessions organized over the course of the next few days. so we believe that with strong, comprehensive, consistent, and
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coordinated action, countries can actually lift that growth, which needs to be more inclusive, in order to resist those political dynamics that are not helpful. i will be happy to take questions. mr. rice: thank you very much, madame lagarde. i was asked you to keep your questions fairly brief. thank you. let us start with jeremy. >> you mentioned the debate on globalization. i was wondering if you think the imf has paid too little attention about the losers of globalization? it seems to be we are one month away from the u.s. election.
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do you think that the anti-trade policy promises by the republican candidate will cause big damage to the u.s. and world economy? thank you. ms. lagarde: well, we believe that the international trade -- that is what i will call it because globalization is sort of a much broader topic that includes integration, innovation as a result, and so on and so forth, but we certainly believe that international trade has been helpful over the course of the last few decades. if you look at the level of growth that has helped china, that has helped countries like india, and other low-income countries to pull themselves out of massive poverty, it has been hugely beneficial on a global basis. now, have policymakers paid enough attention to those pockets, those regional areas where there were more losses than gains? probably so. and that is why we are calling for today for an inclusive globalization, one that actually
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benefits all players. not one that reduces inequality between countries, but one that also allocates fairly within countries and pays attention to those that are at risk of losing out. i think by the way that this does not only apply to trade, but this more urgently applies to the impact that the digital economy will have on our societies. the ways in which not only manufacturing, but services are going to be impacted by automation, by 3-d printing, by new ways of earning and learning around the world, which will require that people be equipped, which is why we are recommending in many instances investment in infrastructure, investment in education, in order to bring people up to the level where they can participate and benefit
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from these new societies. [indiscernible] lagarde: i do not comment on u.s. elections. i simply note that trade has been in the main engine of growth, and if we want better growth, in order to address all of the issues i have mentioned today, we need that engine in order to support and accelerate growth. mr. rice: thank you, madame lagarde. jeremy with cctv, thank you. >> my question is how the chinese financial reform, regarding the inclusion last week, to what extent in your mind it may affect domestic financial reform? and next, what is the domain in which you are most willing to see the improvements among all of the economic reform in china? thank you.
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ms. lagarde: well, we did celebrate around the world the inclusion of the currency in the basket. it means two things. one, we can use the -- as one in which we at the imf membership conduct financials amongst ourselves. we are certainly operational in the -- that is one thing. secondly, it certainly anchors the chinese economy in the group of large, international, open economies in the world. this is a process. we regard it as a major step. there will be probably more steps to come, in order to really consolidate that position, but we regarded as a really positive statement on the part of the chinese economy and the authorities to actually move
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in that direction in a decided manner. we, as you know, we have worked hand in hand with the chinese authorities to help them through the process of reforming the financial market, making sure that openness is not just the word on the shelf. and there will be more reforms coming along. and hopefully, the anchoring of china through the -- in the basket amongst the five currencies is a very valuable step. mr. rice: thank you very much. i will swing over to this sice, in the front, please. >> thank you. madame lagarde, the imf has warned of political risk to world growth, but the same can be said of greece, where the debt relief is stumbling amongst others on political considerations in the eurozone, forthcoming elections. isn't that worrisome for greece,
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given that you are only protecting some growth in the next few years if the primary surplus is lower? are lower primary surpluses a necessary conditionality for the imf to participate in the program? and how do you respond to european officials who are asking the imf to respond to debt relief? ms. lagarde: you know, we have just concluded an article 4, which is the bilateral efforts between greece, our member, and the imf greek team. the results are very accessible, and indicate that some reform has been conducted. a lot more work needs to be done going forward, as we all know. and we will be actually sending a team and a couple of weeks time in order to help with the assessment of the various commitments that have been made
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under the esm program. because, as you know, the imf is not part of debating any greek program. conditions have not changed. we believe there has to be very significant structural reforms in place, and we also believe there has to be a debt that is sustainable going forward. and we have demonstrated flexibility in the past, in order to assess the debt sustainability, but we clearly believe that as is, the debt is not sustainable. mr. rice: thank you very much. i am turning to our friends from the british press, ed conway. ms. lagarde: everybody is our friend. >> madame lagarde, at the time of the u.k. referendum on european membership, you wanted that the brexit vote would ranged from bad to very very bad.
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having seen some of the numbers coming in, do you have that assessment? ms. lagarde: we have done a lot of scenario planning work in the weeks that preceded the referendum. and that was clearly our job. we had various scenarios. one was our baseline. one was as a result of the referendum and a determination to exit the european area -- the european community, one was a mild scenario. and one was a very adverse scenario. we are very encouraged that because of good policies in the main and good international cooperation between central bankers of the world, is currently the mild scenario, and not the adverse scenario. and that was my comment, when i reported on article 4 and the
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u.k. in the weeks prior to the referendum. africa in the friend bro,much. please. frien front-row. what -- with structure reforms, one of the pillars of the imf, what structure reforms are you looking at for the continent, especially since in the 1980's, the imf and world bank did push for washington consensus and we hardly saw any so many years after. the second has to be china. spillovers, the imf did draw an interesting statistic that showed one percentage drop in exports from africa to china did drop, inverse drop when
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it comes to gdp growth for the at least fornent sub-saharan africa. are we about to see spillover when we -- it comes to the rebalancing of china? thank you. -- ms. guard: two areashere are where we are pushing strongly. one is infrastructure. i am thinking about soft infrastructure in order to andve broadband access to accelerate axis where countries will move from agriculture to industry and services. we have seen examples of the microlevel and we believe it muchd be expanded at a more macro level. that is one. the second one is education. on rightly point your finger
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the proportion of young people who will be joining the workforce, who want to access the job market, who want to make a living. the has to be a strong push in the area of education. so that vision people are equipped to the societies of tomorrow. the concerned about sub-saharan african countries. to consider them as a block. some countries are doing reasonably well. others have natural resources and are not in that category. others do not have natural resources and do a bit better and you have the three large countries, south africa and nigeria that are not doing well at the moment. for 1.6% overall growth sub-saharan africa, we are going develop our technical
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assistance, our training, our helping building capacity so that in addition to financing infrastructure, there is the capacity to develop and deliver on the ground. in relation to china, we have done quite a bit of work on the spillovers from china to the rest of the world particularly in the vicinity of china but also elsewhere given the strong inter-linkages there is between that large country which has over at a very high rate the last two years. those countries from which it purchased massive natural resources in particular. there are clearly spillovers between the two. which is why we are strongly advocating diversification of those economies that have based their development on extraction of natural resources in africa. >> thank you. in the third row on the right. >> good morning.
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you mentioned germany among the countries that need to use the fiscal base they have and the government is preparing to announce tax cuts of 6 billion this year and next. do you think that satisfies your call? the other question is about deutsche bank. would you be talking to the german authorities about the situation there considering you are not the supervisor but the such a bank as an institution with very large, systemic repercussions for potential risks. this is clearly part of a larger package that will exploit the fiscal space that germany has available. we believe in the area of infrastructure, maintenance of it, there is also investment to be had.
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and as i said, given the very low financing cost for a country like germany it is the right time to develop that torastructure further and collectiveto that effort that i have referred to. it is not just about germany. let's face it. every country can do something. now, on the banks. i would observe first of all we do not mention for a microsecond dacha bank in the gfsr. many banks around the world have to look at their business models and have to undertake the right rights and the re-architecture to respond to the existing conditions. that is what we perceive at the moment.
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and we're also saying in a report that we believe that there is the determination to do so, and number two, the means available to proceed to those changes. >> thank you very much. >> good morning. i wonder if you could talk about monetary policy. the jake gibb -- bank of japan did a rethink of the tools at its disposal recently and came up with what a lot of people interpreted as more of a pulling another bazooka out of their arsenal. we're also seeing speculation that the ecb might start to taper its quantitative easing program. we have heard for so long that monetary policy is reaching the limits of its efficacy. are we reaching that point?
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lagarde: we certainly observe that monetary policy has been under a lot of pressure to act and to respond. it has been the first point of call to respond to the current situation. happened in isolation which is not helpful. if there is one message here, it monetary,icies, fiscal, structural reforms have to come together. it cannot be left to the central bankers. which have used many unconventional tools which have explored and sheltered territories and so far for the benefit of the economies. feeling credit, helping put liquidity in the surrogates. about monetary
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policy. while we look at the business models of the bank, of the insurance companies, of the pension funds, to operate at zero or below zero interest rates is really complicating the picture. are is the reason we advocating for the other tools to be made effective. >> i will swing down here. you still, please. >> brazil either globally or regionally could help or the economic problems in the country are so serious that they prevent any outward look.
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indebbie jiao says that 2017, the world inc. reports gives 1.1% for the same year. if you could help us understand the difference. we operate under different methodologies, using different references and that is why we consistently and pretty much all our numbers have a slight variation which explains the gap between our forecast and their forecast. in terms of trend, what we're seeing is this very large country in latin america moving in positive territory as opposed to that contraction work that we have observed in brazil. currentlyo seeing
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discussed policies including fiscal policies, including will inal reforms that our view take the country into much more stable and hopefully prospers territories. brazil is such a large component of latin america that it can help the whole of the continent. latin america is in negative territory as a whole at the in our numbers. it is largely because some particular countries such as brazil, such as venezuela, and if brazil can fix its policy discipline and restore ability, that will help a great deal. >> thank you. maybe two more. our friend from indonesia. >> thank you.
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be aboutquestion will policy -- atere your policy research, you mentioned your policy measure is do not harm. the secondly is related to the 2018 annual meeting that will be held in indonesia, what do you expect from that and how indonesia can contribute in collective growth in the region. thank you. ms. lagarde: thank you very much. at northwestern university, the first policy message was do no harm. what i meant by that is when you have growth has been too low for too long and benefiting too few, put in not afford to
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jeopardy one of the engines for growth. which trait has been. tradew that a lot of the freefall is largely attributable to active demand. clearly, what we're seeing in terms of political dynamics and rhetoric against trade would, in our view, do harm to the economy. that is called economic malpractice. that is why men. 2018, but -- we are looking forward to our meeting which indonesia will host. i hope you all come. think it will be really important for the region which is one of the regions in the world where growth is still going quite strongly, where there is some regional cooperation through the asean
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and asean plus 3. are many great developments and demonstration of cooperation in the region. to celebrate some of the reforms that are being conducted under the leadership of the prime minister of indonesia will be great and i will be looking forward to seeing my friend who has decided to move from across the street over to jakarta. >> this will be the last question. i will go to the front row. >> i am from tass from russia. congratulations to you and my meeting. my question is about the system being linked.
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brexit.why we have the that is why we have donald trump. that is why my prime minister complained about the politicization of the international economy. many people also believe that the imf and the world bank are part of that. against lending into areas, sovereign areas, for instance. it serves the owners of the system well. when they needed to circumvent it, they just change the rules. as you know at the world bank, no russian project can be approved at this point. my question is, what do you say to those people who feel that this is -- the system is rigged. and they are not getting a level playing field.
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why do they still need to support the system? thank you. one of our: imperatives and certainly one that is high on my agenda is that level playing field. it is critically important that whether a country of smaller big , advanced, or developing, they receive the same degree of attention, everything being relative. rules arelieve that changed as a result of dialogue, and at the end of the day, hopefully, most cases, consensus but it is not so. i would note that in terms of participation, in terms of representations and voices, the imf is making changes and will continue to make changes so that it reflects better than global economy. thatnot buy that comment
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we are biased in the way in which we do with countries. we try to apply the rules because it is an institution that is not only quota based, but rule-based. precisely in order to make sure that the level playing field principles are still respected and we will continue to operate in that fashion. >> thank you. half the gpa as a reminder. see you during the meetings. thanks again for coming. [captions copyright national cable satellite corp. 2014]
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[captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] [indistinct conversations]
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good morning. i am press secretary for the world bank. we will have brief opening remarks on the world bank president, dr. jim young kim
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worried when we get to questions if you would please identify yourself by name and your outfit. that would be great. we will turn to dr. kim. dr. kim: thank you and welcome to the 2016 meeting. i want to say a few words about haiti, a country that i worked in for many years going back to 1988. it was devastated by hurricane matthew. i thought -- my thoughts are with the people of haiti. many are recovering from the earthquake of 2010. our staff on the ground are already working with the ministry of public works to begin restoring access to the hardest hit areas in the south keyhe country including a bridge that was washed away. it is too early to know the full it impact. some of the most honorable communities live along the coast and cannot be reached. the government took early action, weren't -- warning people and opening 1300
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shelters. wentunicipal committee house to house and communities to encourage them to leave high risk areas. we're sending a rapid assessment team to courtney with hades partners in establishing this -- the extent from the damage and will be using funds from existing operations to clear debris, help repair roads and help kids go back to school. haiti has requested a payout from the caribbean [indiscernible] form of insurance. are some seasons on their to go -- our sympathies go to haiti. disasters like these remind us of the need to help build resilience. it underscores the urgency for global action against climate
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change. that is why the remarkable pace at which countries have been intofying, this will agree force less than a month or not. this is the multilateral system and its best. i would like to turn to what i will be discussing with shareholders and we will take some questions. developing countries continue to struggle limits the slightest global economy. many countries have been hit by falling body prices and stagnating trade. we have the highest number of developing countries in recession since 2009. we have been working to meet rising demands for assistance to help countries manage global challenges. once again, the bank is playing a strong countercyclical role but multiple risks threaten hard-fought gains and can have her progress of our goals. a report on these goals earlier this week. far tooquality is still
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high globally and within countries. constraining growth and bringing instability. we need to focus on growth and continue to reduce inequality and we have to make growth more equitable and more sustainable. because of the multiple overlapping global shocks anduding global change and an extra we have to scale our efforts dramatically and building resilience. if we're going to end extreme poverty by 2030 we have to continue to focus her efforts and face is that she's level challenge with an urgency and scale commensurate to the problem. my message is that we are pursuing our two goals, in three major ways. first we will focus more on accelerating inclusive and sustainable growth. inequality is still too high and the kind of growth we need must be shared former broadly. we must take advantage of the situation in which many funds,
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trillions of dollars of funds are earning very little and looking for more return. we think there is an opportunity to crowd in many more resources into, for example, investments and -- in infrastructure in developing countries. a key ingredient is investing in human beings. the automation is going to have a tremendous impact on the kinds of jobs that are going to be available. we think all countries but especially the poorest need to invest more and more effectively in human beings. third is i just discussed, we are going to be focusing on building resilience to global shocks like the ones i spoke about. two goals, three ways to get there and now i am happy to take your questions. >> thanks for a much. if you could identify yourself by name in outlook, that would be great. we turn to questions. if you could wait for the microphone to come to you. congratulations on your second term.
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i wonder if you could address the controversy surrounding the reappointment in terms of the process and the staff association and its concerns it has raised and secondly, do you think you have outlined a big agenda in terms of things the bank has to do? does the bank have the financial resources it needs or does it need a capital increase? of the reformsce as you know well and the number of reforms that we did at the same time have caused some staff to be very uneasy. the way that the election goes, it is up to our governors with 180 nine member countries. i was encouraged to see the kind of support that i received from member countries and the things they told me were in fact what we have been able to do. volume, better knowledge movement across the different countries. we are now moving knowledge much
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more effectively than we have before. the expenditure review was something that they really required us to do. and we got through it. on the one hand, there is no question that in large accuracies like the world a group, these kinds of large-scale changes always cause disruption. we are past it now. am encouraged by the response of our clients and the board to reappoint me anonymously. the second question was capital increase. we have been asked to step up in many areas that we have not traditionally been involved in. climate change was not a traditional area of work for us. was not anlacement area and even pandemics, finding ways to utilize insurance products, utilize guarantees to
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theect populations against kinds of pandemics that are almost certain to come. we have not been doing these things before. each of them make sense. we feel like we've brought to thetools and skills problems. if you expand the agenda like that and at the same time also have increasing demands for the traditional things that we have been doing, it is hard to see how we are going to meet all his demands without a capital increase. we have been making the case. i think there is, generally speaking, much more openness to capital increase. i think also the case that we can make is a dollar given to us multiplies many times. overotal paid in capital the years is 15 billion dollars.
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we will have 20 billion in capital. $15 billion of paid in to $600 billion in loans ibrd loan, we can't offer countries maturity moneys at 50% -- 15%. this can spur economic growth. we will make the case and then just as my election was up to the governors, the capital increase will be up to the governors. right here, front row. you for a much. in mexico, we have low interest rates, we made the structural reforms. we cut spending, and we meet
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fiscal reform and the economy seems not to respond. what else could we do to increase our gdp? i have a second question, please. are there some kind of policies we can do to avoid [indiscernible] >> i think that, i have been a great admirer of the reforms president put in place. they were very courageous. although you have, mexico has not experienced all the benefits of the reforms, there are some very remarkable positive experiences. for example, one of the things is heresident can you did reformed the energy sector. of theafter the reform
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energy sector, he was able to launch an option for solar energy that brought an extremely hour --e, 4.5 cents per which is half the price of electricity in the united states. you're not going to see all the the reforms it right away. that is one of the ones we have seen. quite apart from the fundamentals of mexico, the exchange rate has been going up and down based on political considerations more than looking at the fundamentals of the mexican economy. the u.s.robably after election, there will still be some potential volatility. we believe very strongly in the wide ranging reforms in the hasomy that the president put