tv Larry Kudlow Gaggle CSPAN December 7, 2019 1:51am-2:05am EST
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c-span will cover the house judiciary committee hearing, where evidence will be presented in the ongoing impeachment inquiry against president trump. testimony from democratic and republican counsel on the findings from the inquiry. in ginza 9:00age a.m. eastern on c-span, online at c-span.org, or listen live on the free c-span radio app. trump'stoday, president top economic advisor larry kudlow spoke with reporters outside the white house. he took questions on trade talks with china and the november jobs report. is getting cold again. i tried to help you out a little bit and we've got to move on. it has been a long morning. [reporters' questions]
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dir. kudlow: we are going to take that idiot the time. talks are around the clock right now. we are close. i are not quite there -- don't want to make any forecasts about any dates. there are no arbitrary deadlines. never has been. reporter: what should we expect, there? dir. kudlow: again, no arbitrary know, the but as you president laid out a plan that adjusted the temporary suspension of some of those consumer good tariffs you are referring to, would go to december 15 and revert back to a higher rate. i don't want to say that's what going to happen. just keep an eye on it. you are right. i don't want to make any predictions. there is nothing arbitrary about
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it, but that is out there and it could happen if a deal is not completed by december 15. mind you, i'm not saying as a forecast. i'm just saying here are the probabilities. these are things that could happen. yes, sir. reporter: on a scale of 10, how would you rate this job report and is there room for improvement? what needs to happen to keep it going, especially with an impeachment on the horizon? dir. kudlow: this is a heck of a good report. actually, the numbers -- we were all jousting a little bit. i say that with the greatest respect. weember the summer recession had and i was out there saying there is no recession, this and that? the job numbers are actually trending higher now on a three-month basis. today's report was spectacular. 260 six, another 41 adjusted upwards for the prior months.
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as i say, and the way i look at it, america is working. and not onlyrking, is america working, america is getting paid. after-tax -- i was a reagan cub scout and he used the phrase, take-home pay. after taxes, after inflation. $5,000 american family, in two and a half years, and i'm not here to go into a partisan riff about prior administrations, but frankly, greaterjust so much than anything we have seen under republicans or democrats for the last 20 years. america is working. it's a middle-class boom. they are making good money, they are coming back out of the woodwork to work, and they are producing, and i just think it is terrific.
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frankly, i don't see any end to it. i don't see any end to it. i know over time, business cycles come and go. i get that. i do that for a living. i don't see an end to it. i see more strength. if you dig under the hood, the production workers, their wage gains are faster than their bosses wage gains. are the car tariffs still on the table? ambassador: well, lighthizer submitted a report to theident trump and president has excepted to report and not made any comments on a bus far. reporter: the chinese are saying they will implement some tariff waivers on soybeans and pork. should we take that as an encouraging signal from beijing? dir. kudlow: i call it good me
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music -- mood music. i appreciate it very much. how has the average person -- can you make the person that the average person has seen an increase in their bank account because of it or is it strictly a corporate small business growth? dir. kudlow: you know, it is a big cost reduction. either a small business or a middle or large business. it is a huge cost reduction. it is not exactly like a tax cut, but you are left with -- what you are left with is essentially more take-home pay, so it is not similar. we will have more -- that similar. we will have more specific numbers. the rollback of onerous regulations is phenomenal impact. towardooking last night today's numbers, the small
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business group is putting out phenomenally optimistic stuff. phenomenally optimistic stuff, thei just think that president's regulation rollback is a big part of that and the tax cut. reporter: can you explain how it trickles down to the average person's bank account, if it does? dir. kudlow: look, if you are running a business and your cost is less, you will take a more money, profits. maybe we will have a little economic therapy session sometime. i will walk you through marginal cost, robert -- marginal revenues, marginal profits. reporter: we are about to go into 2020, an election-year. how much do you think the president's leeway to negotiate with the chinese changes into an election year? personally, i don't even want to predict that these talks will go that far or not. that is up to the president.
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all this timing stuff is up to the president. i don't think his criteria, if you will, or conditions change. he's protecting america. our defending our economy, manufacturers, farmers, technology people. he's defending us from unfair trading practices, theft and so forth, and i don't think that has anything to do with election-year. i think what he is looking at his long-term security -- the long-term security of the united states and its economy, and its workforce, and so i know elections come and go. years ago when i was a kid working here, bob dole used to say every year there was an election around here, but i think president trump has laid down key principles of and law-abiding deals.
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and law-abiding enforcement. , i'll sayts to do it it again and i really believe this. america is the greatest economy in the world and has been. freest,we are the because we have the rule of law, and because we are allowed to exercise our god-given talents. and where there are thefts or other issues, we don't permit that here and we mustn't permit it overseas. i don't care what country it is, you can't steal our talent and the technology advances and innovations which have made us so great for centuries.
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thing to do have a with dates and elections. i love talking to you, i want to -- >> what do you say about the president's ability to negotiate? sorry -- i know -- i know our principals haven't changed whatsoever. standingt weaken his or put him in a less commanding position comes china? -- comes to china? >> personally, i don't think this impeachment stuff is going anyplace. that is my view. i think the chinese know that and a lot of people know that. putting opinions aside, we have seen no evidence. there is a theory, and i'm not going to go deep on this, but
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hour with aspent an grand, older american-statesman who just came daca -- back from a china visit. that visit had two audiences with president xi. who said, according to the statesman, he would rather continue to discuss and negotiate with president trump. names. going to name i understand -- underscore a grand, old statesman. you're a smart lady. you'll figure it out. yes, ma'am? >> did the president mentioned
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members of nato who are not playing -- paying 2%? >> he has not elaborated on that. nato,ing that came out of the president has asked for greater cost-burden sharing. he got a lot of resistance, but if you counted up, not everyone is doing. -- doing it. mores countries donating where before they weren't. i think it is a great success. i've got to go to a meeting. got to go. you are all wonderful. [indiscernible]
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>> c-span's washington journal, live every day with news and policy issues that impact you. up, politico's discusses the status of the mexico-canada trade agreement. and then a talk about the safety of drinking water within the u.s.. a guest on direct to consumer dna testing kits and potential privacy concerns. watch c-span's washington journal. join the discussion. americans are coming out and getting engaged in politics is feeling less like a spectator sport for people on the left.
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issuesf the same social the book covers are still once relevant today. people were really outraged by issues like family separation and sexual assault on women, the devaluation of black lives, etc.. iod provides a crucial precursor to our moment. >> professor talks about her book "american radicals. " watch sunday night on c-span's human -- q&a. next, a hearing on the impact of artificial intelligence. held by a financial services subcommittee, this is an hour and a half.
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