>> announcer: this show has never been solely about investments. we talked about anything that affected people and their money. anthony: welcome to a special edition of "wall street week." i'm anthony scaramucci coming to you from the democratic convention in philadelphia, pennsylvania. last week the republicans spent a lot of time on jobs and the economy.

that was one of the topics in philadelphia, but there was also a lot of criticism of wall street and wealthy people in america. one democrat is a long-time wall street titan. robert wolf. he's a personal friend of president obama. he says if you want to vote for a fiscal conservative you should be voting for hillary clinton and not donald trump. let's listen. >> i found it incredibly interesting myself. most republicans are deficit hawks. but the center for responsible budget came out looking at both plans. i understand both plans are still in their beginning stages. but based on what both candidates have said to date from taxes to military spending to infrastructure spending, it's come out donald's plan over the next decade will add $11 trillion to our deficit. some have it at $20 trillion. secretary clinton's would add

$250 billion. my argument to those center right. the far right and far left are going to go their way. if you are a fiscally conservative republican you have to make sure you understand secretary clinton's plan, because i can argue it's better if that's your main thought about how you vote. anthony: there is a debate about his plan as it relates to economic growth and opportunity. infrastructure is a part of her economic development plan. give us your shots thoughts on the infrastructure plan. >> both sides are talking about infrastructure as a growth trajectory for our country. i have seen secretary clinton's plan and some of donald trump's plan. i would say when you look at the depth and breadth of secretary clinton's plan, it's best in class. in my working for the president

of the united states. i helped write the national infrastructure base plan. infrastructure is the fastest job growth we can do for wages. anthony: why do you think we haven't gotten more infrastructure during the president's administration . we are building next fannie and freddie. what they failed to realize, we are the only developed country without an infrastructure bank. as you and i chat, it's not just roads and bridges. it's ports that will help export. it's fiber. broad bands, it many next generation gps. it's satellite. and it's social infrastructure

which you and i care the most about. education and hospitals. we need to make sure there is over $3 trillion ready to be spent on infrastructure. but we have to get congress to work the executive bran top of get things done. anthony: there is tension here between the bernie sanders camp and the secretary clinton camp and a big issue in the united states about jobs and high quality jobs, and the wage inequality in the united states. what's your plan to close that? >> there is no question where we came from we have moved great mountains. but we have many more mountains to come. we'll lose 800,000 jobs a no when you and i were during the lehman crisis. we have 75 months straight of job growth. but it has not really trickled down economics has not worked. anthony: whose trickle down economics? >> for the most part we have had

what i would say a consumer driven country where we think because the wealthy are getting wealthy and they spend more and trickle down the wealth. that hasn't worked because at the ends of the day we are having struggling post recovery to get more jobs. anthony: these are policies in the last 8 years. you can't blame president bush anymore. the wealthy have sort of made back their money from the 2008 crisis. but the middle and working classes feel like they are still struggling for wage growth. >> there is no question we have to figure out income inequality. there is no magical wand. and we need mobility back. we when had a post-recession bump it was usually 4% to 5%. half of that growth came from

housing, 1% from consumer and 1% from manufacturing. we don't have the housing bump. anthony: there are still some houses from the crisis in certain areas of the country that are under water so these people have mott benefited from refinances. the president will exit the white thousands, the 8 years, there won't be one quarter of 3% growth. do you attribute that to the crisis or his policies. what do you think has happened where he will be the first president in modern history where we don't have the 3% growth. >> he also had 75 straight months of private sector jab gains. anthony: this is not me picking on the president. from a policy perspective, could something different have been done and will something different be done in the future? >> it's hard to really understand why the recovery has goon this slow.

i know people say regulation. that's largely not accurate. i think we have had a technological revolution. the idea of bricks and mortars are yesterday. my family shops via the internet. anthony: don't mention shopping to my family. i have teenaged kids who are brutalizing it. >> we have to get the skills right that are ready for the next sector. there are millions' jobs available in engineering. we bring most our engineers from overseas. we educate them here, then because of a bad immigration policy we force them to go back and then we have this whole void of our needs here. i think we have -- i know we say these same things. it's critically important that the executive branch and

congress work together. >> announcer: one of the country's top venture capitalists alan patricof. >> she can turn the bipartisanship and congress into actual action. >> announcer: why patricof says a vote for hillary is a vote for your wallet. ♪

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>> it's wrong to take tax breaks with one hand and give out pink slips with the other. and i believe wall street can never ever be allowed to wreck main street again. anthony: welcome back to a special edition of "wall street week" from democratic convention in philadelphia. alan patricof is a true giant in the world of capitalism. but recently he has been a giant in fundraising for the democrats and secretary clinton's presidential campaign. mr. patricof is telling us one

area where he thinks she'll continue to have a big advantage over donald trump. >> there is no specific plan for the economy and know quick easy answer. the most important thing is that hillary clinton will represent consistency. when she comes out with a program she'll follow through. she is committed to help the miners of west virginia, the steel workers and coal miners. i'll bet my bottom dollar she'll be on top of that and it will be a high priority. you can count on her. i think business reacts to consistency. anthony: what are some of the best policies you have seen from government. bipartisan, democrats, republicans, that help your industry and help create jobs. >> there is a significant piece of legislation passed recently called section 1202 of the tax code which has an enormous impact for every small business

in america. if you start a small business and hold your investment for five years, and eliminates a couple industries like real estate. but if you are a qualified small business, you don't have any tax, not capital gains or ordinary income up to $10 million more someone who is a for under. as an invest jar you are able to get 10 times your investment on a tax-free basis. that's an enormous incentive for young companies. unfortunately not enough of young companies are aware of it. it applies to plumbers and high-tech companies. i know that president clinton, hillary clinton, is aware of the possibilities of getting that mess and across to the small businesses across the country.

anthony: when you think about your biggest successes as venture capitalist, was there an x factor you saw on the way in that you said this management team, he or she is really going to make it? >> venture capitalists don't go into every industry. but we look for businesses that have a good set of economics. there is a margin to build a business with. it's not capitol intensive. and it hasek potential in growth possibility. we don't want something that will go from 1 to 2. we want things with true up side. i was an investor in a company called audible. anthony: bought by amazon. >> it was a new concept. but we knew if it worked it could be unlimited. amazon has taken it to a level with the same ceo. but you had to recognize that

kind potential. anthony: you have been around the government a long period of time and in business. it's january 20 of 2017. what kind of bipartisan thing would you like to see happen in the first 100 days of the next administration? >> tino it's going to happen. it's my gut i not. hillary clinton in the first day will start walking around the offices of congress and reaching out to the other side in addition too her own side, and try in a very hands on basis build a brian between both parties and in addition going specifically after her adversaries. she attracted newt gingrich to be a supporter on a particular issue they could both come together on. we'll find the areas where there is a consistent point of view. that's what gives me great hope

thee can turn this miserable bipartisanship in congress into a more constructive implementation of actual action taking place. anthony: one of the things in her plan is a fairly sizable tax increase for let's call it the%. what's your reaction to that? >> i'm ready to accept it. i think it's the price of getting our economy and conveying to the general population that even if people who benefited perhaps more than others are willing on a realistic basis to try to come up with a system that is more incentive for people who haven't participated. i know -- i just think that we have obviously based on this election results, not results. of the whole discussion. there is a general malaise, a sense of unfairness. we have got to get that solved.

anthony: your detractors would say there has been 8 years of a democratic administration, some of that malaise is born from their policies. what say you? >> not a hillary clinton administration. a hillary clinton administration will be focused external. this is the first time she will be dealing with economic issues except as i pointed out many times, i was very involved with her on something called new jobs for new york. we traveled to he minor city in new york to find techniques to bring jobs back to new york. i'm involved in the millennium challenge corporation to bring jobs to the poorest parts of the world. she knows the issues. and she is smart and action oriented. anthony: your son has a new movie coming out.

>> i'm happy to plug it. it's called "captain fantastic." and it's not about superheros. it's this week in 500 theaters. noun one of the nation's most respected democrats says clinton's plains just what the economy needs. when we come back.

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anthony: our next guest is a legends in the democratic party who has a reputation for working well with colleagues in his party and adversaries across the aisle. lanny davis went to law school with bill clinton and hillary clinton. he is a big supporter of hillary clinton's presidential campaign and he told us why. >> i know her character, her personality, her values, her commitment to public service from the first day i met her. rather than my helping her learn to get through yale law school she wanted to do a services clinic. what bill clinton did last night was emphasize that. she is a change agent going forward as well as her whole life's work. anthony: this is a show for long-term investing, but it's also about the economy. her economic plains different from donald trump's economic plan.

what do you like about her economic plan? >> an infrastructure investment in america using a public-private partnership approach. and it's a bank that would help finance all of the bridges and roads and airport repair that we need. it creates jobs it's a kickstart to the economy. it shows her attitude that this public-private partnerships. anthony: i am a trump supporter and we did work on that for mr. trump as well. they diverge on taxes as well. why do you think her tax plan is bert for the country? >> i respect mr. trump's focus on jobs. mostly it's about his own business creation. i haven't heard specifics about what he would do as president. but she opposes the way other republicans favor giving wealthy americans tax benefits which adds to our deficit. experts at the congressional

budget office estimated mr. trump would add $3 trillion to $6 trillion to our national debt. conservative republicans including former presidents george bush and h.w. bush are opposing donald trump for many reasons. one of which is he's not a good conservative. anthony: i don't want to debate mr. trump's tax plan. i have seen that. what do you like about her plan? >> she would give the lead to the middle class and increase taxes on what we would call the top 1%. but chill clinto -- but bill cln showed he could lead as a -- leave with a surplus. if i'm wrong i am open to

correction. anthony: this is my show but since i am a trump supporters i have to let you gene keep talking. but i have a serious question about the current mosaic of the democratic party. because president william jefferson clinton had a different mosaic and different form of governing. this party is different. it seems divide. how is she going to govern with this mosaic of a construction on the democratic side? >> after bernie sanders yesterday and last night and the data that shows 9 out of 10:00 bernie sanders supporters are for what we expect to be president hillary clinton. this is the most unified i have seen the democratic party in a long time. when '08 occurred most us including me were slow in supporting then the nominee barack obama.

anthony: if i were sean hannity i would say had good judgment back then. >> i helped raise money for his reelection campaign. this is a united democratic party. we don't have former leaders oh posing our nominee. anthony: you mentioned the pay-as-you-go. that was legislation that was put in by george herbert walker bush and it was adhered to by william jefferson clinton. when you are going to raise social services you have to raise tax. if you are going to cut taxes you have to cut the budget. >> democrats supported pay-as-you-go. anthony: by the was signed by george herbert walker bush. >> you have to raise taxes or finds the money somewhere. >> she is going back to pay as you go?

>> she is not on going back. she always tells you where she is getting the money from, and so far it has been from cutting spending in places where we can divert that money and help give the middle class a break on taxes. anthony: we'll see you next week for "wall street week." >> announcer: monday, taking sides on the war on terror. maria gets inside from general jack keane. here comes the judge. napolitano is back. court is in session. works in just 3 minutes, killing 99.99% of odor causing bacteria. for a cleaner, fresher, brighter denture every day.

>> i accept your nomination for president of the united states. john: it's official. the democrats picked hillary clinton. is she going to do wonderful thing for you? >> raising the minimum wage, fair schedule, paid family and medical leave. john: that sound expensive. who pays for it? corporations? >> ban dorm that profits? >> yes. john: is the democratic candidate a crook, a liar who wiped her server clean? >> like with a cloth or something? john: many in her party don't like her.