economy? is this still benefiting from obama era policies? guest: host: do was still the obama economy. it was not until the end of last we passed the tax cuts. other majort any economic policy put in place in 2017 so i consider 2017 to be mostly the result of obama's policies and economy but now this is definitely the trump economy. we've got tax legislation. he's making changes on trade and immigration and regulation. going forward, this is very much a trump economy. you make a good point. there is a lot of moving parts here, a lot of forces that affect our economy of economic hollis he and the president of the united states is only a part of that. presidents generally don't matter a whole a lot in terms of how the economy is performing except, arguably, in terms of crisis. crisis,the financial president obama's policies were very important to get the economy out of that recession. normal times, economic policy matters but it's not the top of the list factor that driving with going on. host: in the past five days, we've got to budgetary documents out, the bipartisan deal that was signe

that is a job in america -- obama economy. the things you can do -- [applause] dir.ulvaney: the things you can do with 3%, talk to your parents and grandparents. i had a small business in the 1990's when things were good. if you did not like your job in the 1990's you could quit and start your own business and know you had a chance. if you got light off -- laid off, you can find another job that paid better. that is a healthy american economy that brings dynamism and confidence and creativity that does not exist when everyone is worried whether or not we will have a healthy economy. if we can get to 3%, you can see the benefits of not only in the deficit but whether or not people have a chance to defend themselves, to pay for their family, save for their future. it will be a great opportunity to prove to people how great america can be economically. deneen: we will switch gears and talk tax cuts with our remaining time. are you surprised at the number of companies that have responded to the tax cuts with bonuses and increase in wages? dir. mulvaney: i will tell you a

>> because the obama economy was so weak all of these years, we had just artificially cheap money, when ridiculously low rates, the era of cheap money at some point has to come to an end. >> there you have it folks, market pumped because of trump. market down, you blame the brown. thanks, obama! lock him up! ( applause ) every time you point your finger at someone, four are pointing back at you. what does that mean? i don't know. but the chinese character for crisis is the same as opportunity. ♪ my foot massage lady told me that. her name is rachel. she lives super close to chinatown. you're probably asking, hasan, what's a hot commodity? it's in front of your face. newspapers need photos of stock brokers freaking out. they are everywhere. you've got, what will i tell susan?! then, omigod there goes the summary house! and my favorite, i'm going to have to eat generic cereal! this photo market is so hot i'm getting in on the action. i call this one i have to fake my own death because i put my life savings into bit coin! that's actually true! ( ringing ) oh, shit, it's my current wife. he

jesse: when the stock market is doing well, it's the obama economy. en it goes down, itments the trump economy. another heavyweight democrat came out of the woods. eric holder had some not nice things to say about president obama. >> i think any one of my kids would make a better president than donald trump. >> are you possibly thinking of running for office? >> i will see, i think i will make a decision by the end of the year about wet thrirls another chapter in my government service. >> president? >> we'll see. jesse: it's believe the dignity of i am giving the positive for him. what the reporters didn't ask, were you the to be scwhroan was held in contempt of congress? they forgot to mention that. when joe biden is on the book tour, it was the obama biden administration that spied on trump people as they went out the door. he was no longer there and loretta lynch was the attorney general, but he's not getting pressed on any of this. jesse: you broking a nice story about mark warner in virginia who was communicating with a lobbyist for a russian olig

now, on one final matter, for eight years under president obama, our economy didn't perform as well as it should have. america's wages and salaries hardly grew. many job creators sat on the sidelines, wary of new tax increases or heavy-handed regulations. washington had its foot on the brake. last year, all that changed. president trump and his republican congress set out to make life easier for workers and for job creators. we cut regulations, passed tax reform to give middle-class families immediate relief, and set the stage for more hiring and more wage growth in the years ahead. i originally heard from a small family-owned inland river shipyard in ashland, kentucky, along the ohio river. they build and repair commercial barges. here's what their president wrote. he said thanks to the tax change and optimism of our customers, we're at long last able to replace equipment which has been used way past its life expectancy and possibly add two more production workers. last week, a louisville employer dropped by to tell me how he is using his tax reform savings. $1,000 bonuses for more th

by president trump or his allies , actually there is a counterargument saying no no no this is obama's economynd we're just along for the ride now when the economy goes south or a correction comes i can guarantee you this will become president trump's economy in a big hurry. neil: now many in the media were saying as well that well the president rode this market up and kept quoting it he's going to pay dearly now if it goes down because the same people will say you own this market up and down. what do you think? >> i think that it was wrong for the president to take credit every time there was a record high. i get that as, you know he's his best messenger so he uses twitter and says another record high. well to the point of well yeah, but if it goes south then you'll have to own at least that part as well but i'm talking about the economy as a whole, the stock market isn't everything and at this point, let's put it this way. there's one month last year neil where there was 353 minutes of coverage to russia on the broadcast news networks. the economy received five, and that is remarkable not ve

economy. roll that tape. >> he owes a lot of it to barack obama. o words i don't think we'll hear tonight, on the economy -- thanks obama. >> round out before you but let me suggest this for you look at some numbers for a second. 2016 to 2017 -- there were more than 2 million full-time workers added to the payrolls and -- the number of part-time workers dropped by more than 300,000. that's a very, deep deal. >> important point because they have two to three part-time job in the obama economy. >> right this is the trump economy. all right brian is here. business professor at the kings college in new york city. okay how much credit should it shall president trump take or for the economy we've got now? >> look, with the ups announcement he should take a lot of credit here. s here's the thing that schumer does not puns people said thank you to obama. they said no thank you to the economy that he gave them for eight years. that's what the 2016 election was about. we have moved past this. the trajectory has changed people are very throg give president tru

now, on one final matter, for eight years under president obama, our economy didn't perform as well as it should have. america's wages and salaries hardly grew. many job creators sat on the sidelines, wary of new tax increases or heavy-handed regulations. washington had its foot on the brake. last year, all that changed. president trump and his republican congress set out to make life easier for workers and for job creators. we cut regulations, passed tax reform to give middle-class families immediate relief, and set the stage for more hiring and more wage growth in the years ahead. i originally heard from a small family-owned inland river shipyard in ashland, kentucky, along the ohio river. they build and repair commercial barges. here's what their president wrote. he said thanks to the tax change and optimism of our customers, we're at long last able to replace equipment which has been used way past its life expectancy and possibly add two more production workers. last week, a louisville employer dropped by to tell me how he is using his tax reform savings. $1,000 bonuses for more th

for eight years under president obama our economy didn't perform as well as it should have and america's wages and salaries hardly grew and many craters sat on the sidelines worry about new tax increases or heavy-handed regulations. washington had its foot on the brake and last year all that changed. president trump and his republican congress set out to make life easier for workers and for job creators. we cut regulations, pass tax form to give middle-class families immediate relief and set the stage for more hiring and more weight growth in the years ahead. i originally heard from a small family owned inland river shipyardiv in kentucky, along te ohio river, the build and repair commercial barges andnd here is what the president wrote. he said thanks to the check change in her optimism our customers here long last able to replace equipment which has been used way past his life expectancy and possibly add two more production workers. last year an employer drop by to say how he was using his tax savings and the thousand dollar bonuses for more than 100 kentucky employees. small companies

it is still obama's economy.arack obama is the only president in our history to never have one year of 3% economic growth. 1.5 percent, 2.5 percent every year for eight years. depressionring the managed to have 3 percent economic growth, so how is this obama's economy? it is ridiculous. these liberals are morons. host: allen in houston. you are on the air. caller: good morning. i would just like to bring up three points. no, life has not changed dramatically. im a nurse and the only thing can see is president trump is causing a lot of uncertainty in the health care field, which a lot of nurses don't really appreciate it. it is kind of making their jobs a little shaky. we talked about jobs, jobs, jobs, but nobody is talking about quality of life. our health insurance went up. any money that trump has added into the economy through his tax cuts or his tax plan is going to things like increased health insurance, things that you have to pay for because he is benefits, small repairs on your car because the roads are n

economy. tax legislation, he is making changes on trade, immigration, regulation. last year i would say was pretty much obama. you make a good point. there are a lot of moving parts here, and a lot of forces that affect our economy. economic policy and certainly the president of the united states is only a part of that. presidents generally don't matter a whole lot in terms of how the economy is performing, except in times of crisis. that is when they matter the most. back in the financial crisis nine or 10 years ago, president obama's policies were important. most normal times, economic policy matters -- >> in the past five days we have two key budgetary documents out. there is that bipartisan deal that was signed last week, and then we have the president 's fiscal 2019 budget request. do those documents paint realistic economic visions of the coming years? >> i was just looking at the president's budget, looking at the economic assumptions. one of the key assumptions is growth in gdp, gross thomistic product -- gross domestic product. that is a good measure of what is going on in the economy. in the budget

this isn't the obama economy.g boom and not the reason the stock market is fallen. i am very bullish. good time to buy stocks. i was on your show a few weeks ago, saying the market is getting ahead of itself. i agree with robert reich, the spending bill passed was shameful. and republicans are going it have to be responsible for that. >> erin, can i make one correction to the record and that is the expansion, the good economy has been an expansion that started years ago, started under obama. a continuation of that economy. for steve moore to say this is trump's doing is ridiculous, all of the stock market gains in anticipation of the tax cut have been eliminated. there has been no actual impact of donald trump on this economy and on this expansion that started in 2009. >> all right. here is the thing -- >> what about -- >> hold on. >> what about the bonuses and the spending by those companies. >> wait a minute. steve moore, those bonuses were very tiny. a stock market that is really lagging and volatile right now.

you got a job in the obama economy. that is not a healthy american economy.applause] 3%,things you can do with talk to your parents, your grandparents. inrew up in a small business the 1990's when things were good. if you didn't like your job in the 90's, you could quit and start your own business. if you got laid off or fired, you could go find another job that probably paid better. that is what it is like to live in a healthy american economy. confidence,ynamism, it doesn't exist when people are worrying about whether or not we are going to have a healthy economy. if we get to 3%, you see the benefits in the deficit and places like whether or not people have a chance to defend themselves, to pay for the families, to save for their futures. it will be a great opportunity for us to prove to people how great america can be, economically. would you want to talk about tax cuts? are you surprised at the number of companies that have responded to the tax cuts? with the bonuses, the increase in wages? >> yes, we are. we had no idea it was going to happen that quick

evidence of a major shift from part-time work to full-time work. 2016, the final year of the obama economy saw the highest number of part-time jobs on record. last year the trump economy saw the highest number of full-time jobs on record. across the board wages are going up. millions of workers are getting thousands of dollars in bonuses. an extra week or more of pay for half the workers in america. none of this is an accident, it's the direct result of this administration's economic policies. in particular, deregulation and tax reform. last week we saw military get the resources they need. we got news of incredibly important effort to reform the civil service and cut back the permanent bureaucracy in washington. we saw signs that president trump's new tough policy on north korea may be paying off with real movement for the first time in years. but what did the elite focus on in the plunging dow on wall street. dueling russia memos in congress. the elites are letting americans down right now. here's how. when you see all this drama on wall street, just remember this, the financial markets

this was the biggest complaint about the obama economy is that it wasn't horrible but it didn't reallyr a lot of inspiration. there was not a lot of good news. it bumped along. there's always going to be an anecdote here or there of some layoffs or something but overall the question is are people generally benefiting from the spell. this is why the president has so much he could be talking about, not the stock market. even though stock market -- people don't tend to feel it immediately. yes, they like to see their 401(k) going up, 529 for their kids. it's always something in the future. mostly in the future. what they care about is the day-to-day paycheck. the fundamentals are so strong and getting stronger and we are only a month into this. we are not even beginning to yet see some expansion the different companies have promised in investments they are going to make. those other things republicans, if they continue to hit on that, it's going to be the strongest ammunition they will be able to talk into the midterms. nothing else will compare. >> bret: thank you. i want to put up one m

. >> because the obama economy was so weak all of these years, we had just artificially cheap money.ney? cheap money is when you can borrow at ridiculously low rates. the error of cheap money at some point has to come to an end. >> today the dow bounced back of course, but president trump himself has a history of blaming his predecessor. let's watch. >> to be honest will, i inherited a mess. it's a mess. at home and abroad. a mess. in the last eight years, the past administration has put on more new debt than nearly all of the other presidents combined. the iran deal made by the previous administration is one of the worst deals i have ever witnessed. >> this is obviously out of control. the levels of hatred -- i'm not talking about trump. you go back throughout the eight years of obama. >> they asked me, what about race releases in the united states? now, i have to say they were pretty bad under barack obama. that i can tell you. >> let's bring in tonight's "hardball" roundtable. ginger gibson from reuters and eli stokols an msnbc political analyst. i start with clarence on this. you

surprisingly, is pretty divided on thi, you have more voters than not saying they believe it's barack obama's economyright?, he should get more credit than trump although that has been narrowing. on the issue of taxes and whether that is playing a role, the country, again, is not quite parttvinced that that is of the debate.te they are still split on whetherr the tax cuts are a good or bad thing. they believthe economy is doing much better, but, again, very polarized.ri you ask democrats ho the economy is doing, they are not as optimistic as republicans t abo economy. so your views on the economy, different depending on your partisan standing, and they also are different from youriew of the president and of republicans.t' >> yang: talk about the tax plan. there was an. monmouth universiy poll. we have some numbers. in december t disapproval was 47% approve 26. the president i out there in todaythe tax plan a over the weekend house speak paul ryan got a little blowback on twitter for touting -- ae schooletary, i think, it was, ut ting a $1.50 a week benefit from this tax cut. will this help or hurt in

think 26,000 on the dow right thousand is a as a result of president obama. >> president obama made sure the economy growing for wall street and main street. i can tell you for a fact that everything right now is due to barack hussein obama. trish: i can tell you for a fact he had nothing to do with growing the fundamentals in the economy. that janet yellen did. when you present that much money you see a bump up in the stock market. until you have meaningful policy reform nothing happens fundamentally with overall economic growth. it wasn't until we got word of the tax cuts that things really started to take off. and that rumor got built into the market. that optimism got pushed into gdp. >> if you want -- trish: hang on. ford get in. go ahead, ford. >> if you want to do what nancy pelosi is doing saying three million people getting raises is crumbs, let me tell you something, republicans will hold the house in 2018 and to trish's point, look, unemployment 17-year low. consumer confidence and small business confidence is through the roof. reason why that is because of optimism based on tax bill whic

federal reserve projected 2.2% survey of professional forecasters said 2.4% but you mentioned the obama economy but that trump economy is already in a nosedive at only one year in. but your predecessor created 2 million jobs over the past year that sounds pretty good except warmer created by obama in 2011 and 2012 and 2013 and 2014, 2015 and 2016. and finally you take credit for being willing to take tough decisions but i was the first and only president to state there would be no caps to social security medicare and medicaid. >> may i? >> i think if you take a closer look your jobs numbers are correct your gdp numbers are flat out wrong but medicare and medicaid we do not touch anybody's benefits or raise ages or means benefit that is very similar to the proposals last year i look forward to talk to you about that more. >> members if you have a question for the director do not wait until you have five seconds left before you ask the question. we will give the director in that all bit of time to respond and i thank you for being here it is a pleasure i want to begin like that chairman to comple

so now what you say about the trunk economy -- the trenton administration economy with the obama economy so talk about president trump economics are working and those jobs that were added that is fewer jobs created in 2016. >> i don't have that in front of me. >> it is somewhat fewer andy year before and 2015. >> i have historical data. >> but the reality is not since 2011 so it is interesting this is heralded as a great t2 economy but i want to look at the rate of economic growth last year was slower than it was 2015 and 2014.om i went back and looked at the cbo projections for economic growth in 2017. do you know what they project? >> i don't have the historical numbers we projected 2.3 and accused to be way too optimisti optimistic. >> i did not that was the same number cbo had. what i said was last year's budget was optimistic compared out year. >> but. >> here is my question i am puzzled with the first year of the trumpos administration cbo projected 2.3% growth in 2017. that was not based on any assumptions of trump but the economy. in fact the economy grew at 2.25.us so i'm trying

obama. i released the economy, it's going to be rocky going forward.ally will settle but not complain about markets going down. neil: my big concern was that he could have taken cues from either ronald reagan or bill clinton, presidents who would focus on job growth or the pickup on economic activity, companies expanding, et cetera, which has been happening to this president recently. that is something he could seize on and the markets be ancillary benefit if they're dwelling your way, ultimately they're not. >> the fundamentals as people have been seeing on fox the last two days, the fundamentals are sound, the economy is going undoubtedly continue to grow. neil: he's saying they aren't. >> the stock outlier. i think the fundamentals are sound right now, and that, you know, the market's going to look for a bottom but not heading to a bottomless abyss. neil: you know what i wonder, dan, and help me with this, this market turbulence could affect the pay it forward aspect of the corporate tax cuts. companies that were predisposed to follow others and bee

i think most of the last year was still the obama economy. not until the end of last we passed the tax cuts. other majort any economic policy put in place in 2017 so i consider 2017 to be mostly the result of obama's policies and economy but now this is definitely the trump economy. we've got tax legislation. he's making changes on trade and immigration and regulation. going forward, this is very much a trump economy. you make a good point. there is a lot of moving parts here, a lot of forces that affect our economy of economic hollis he and the president of the united states is only a part of that. presidents generally don't matter a whole a lot in terms of how the economy is performing except, arguably, in terms of crisis. crisis,the financial president obama's policies were very important to get the economy out of that recession. normal times, economic policy matters but it's not the top of the list factor that driving with going on. host: in the past five days, we've got to budgetary documents out, the bipartisan deal that was signed last

obama. it's a direct reversal. steve: right. >> this is the trump economy. not the obama economy. case closed.ad that corporate tax cut. he knew it would fuel the economy. he also wanted to rise the you were bracket and that's where the republican congress stood tall. >> his entire approach to economy was radically different than president trump. president obama wanted to reign it in, tax it, plan it, organize it, top down. didn't work slow growth. entrepreneurship tarik the regulations away, lower taxes. unleash the animal spirits of capitalism. brian: i never heard that term animal spirits spirits i like it. stuart, we are going to watch 9 to noon on. if bn. >> promise. steve: while we were on down in washington, d.c. jillian was keeping the lights on for us. jillian: i'm very happy to have you back. welcome home. an msnbc host slamming president trump for highlighting the dangerous ms-13 gang at the state of the union. >> he makes it sound like the biggest issue in the united states, the biggest threat is ms-13, a gang nobody that doesn't watch fox news has ever heard of. so they sound like

you mentioned earlier the obama economy. it seems that the trump economy growth estimates are already in a knows dive and you're yet -- nosedive and you're yet just a year in. in the 2 million jobs past year except more jobs were created by president obama in 2011. 2014, in n 2013, in 2015 and in 2016. and finally, you take credit for being willing to make tough decisions on social security and medicare. can you explain this quote, mr. director. quote, i was the first and only president potential g.o.p. candidate to state there will be no cuts to social security, medicare and medicaid. director mulvaney: may i? mr. womack: the gentleman will take a few seconds to respond. director mulvaney: your jobs numbers are correct. your g.d.p. numbers are flat out wrong. to the point about social security and medicare, we don't touch anybody's benefits, don't means test, raise ages. we don't do anything in social security retirement. proposals.r to the mr. womack: members, please, if you have a question for the director don't wait unti

economy. during the obama administration sometimes the economy was terrible but the stock market was going up. we got great news about jobs friday, and there were details about people getting more money. but that concerned a lot of people about inflation. whether that's going to stimulate inflation more than it has been stimulated. >> wage growth has been front and center. that's something we wanted. that spooked the market. you shouldn't think rates going up. we are coming off historic levels. it's more a normalization than rate hikes. wage growth is wonderful. that's what we want to see for the american people. what is worrisome is the nikkei of japan. and we are seeing this divergence of our own futures looking higher. but after the bell they were look low. expect some volatility tomorrow morning. david: the fed should be focusing on the value of the dollar. that took a hit when we heard our treasury secretary mnuchin suggest the dollar should be worst less than it is. the day before the treasury secretary james baker said the dollar was too strong. i wonder if talking down the dollar is th

economy is amazing. he had 1.2% growth in the first quarter as he came into office. that is grown into 3% growth of the year never reaching that in a calendar year with the obama administration. we have seen the economy respond. this requires broadening to participate in the marketplace. we've seen public companies declined by 50%. in 2016 there is only 112 ipos. the decline is troubling to many of us the fcc chairman noted that is a serious issue for markets in the country more generally the vast majority of main street investors will be unable to participate in growth. the lasting effect are not good. sac isn't ready to bring his barbershops public yet, but i'm afraid the exact bookers of the world will be able to do that. curious what are the three top impediments killing the market? >> i appreciate the work you're doing on capital markets. in the report we go through a review of different things we think are easier to access the public markets with proper regulations. there's a list of things we recommended. >> i think the glide path in the direction that we need to go. i look at the liquidity in the markets and in testimony of march of 2017 we had a hearing in the subco

credit for the recovery.>> the president thinks our economic economy is all thanks to him when reality, that he owes a lot of it to barack obamapaul: we are back with the n hettinger, jason riley and james freeman.james, just how strong is the economy or is he overstating it? >> i don't think it's an overstatement to say it's been growing much faster lately than it did during the period of his predecessors. for the first full term that donald trump was in office. the second quarter of last year, from then on. the first full quarter i should say it's been operating at a higher plane. we got a friday jobs report that shows the highest wages in almost a decade. highest wage growth. 200,000 jobs is not where we can get but it's better than the average of last year and the year before. so this is progress. >>paul: how much credit does trump get for it or is this as chuck schumer said, the tail and of the obama breeze? >> let's put it this way, donald trump, not barack obama is responsible for the corporate tax rate dropping by 40 percent. these are having huge effect on the economy. this no question about it paul. corporate - - mov

economy. because president obama did nothing. no economic policy coming out of washington. >> you know, the gop supporters in the gop don't want to have knowledge president bush left us in a hole. >> timeout. >> and then you criticize them. trish: scott, scott. >> here's the deal. polling is showing president trump as time goes on is getting more credit for the economy. in terms of what we are talking about right now in the 2018 midterm elections, democrats calling the tax bill crimes really shows the disconnect with americans. if you want to run on that issue, we may well hold the house because of the trump economy. >> i doubt that. >> of iran by the democrats come your bases fired up. he trump is working for you. some people resist the tax cuts working for you. you've got to pull in some undecided new voters and you've got to get off trump and start telling people what you are going to put back into power. right now you're not doing that. >> we don't mean the democratic voters. >> you need new moderate republicans who hate dona

this is still mostly president obama's economy. a year or two it will be president trump's economy. breaks, thee tax president said he would get nothing from this. he gains about $80,000 a day. that's a big tax cut. one of the questions i do have for you, the president is supposed to submit a budget to congress once a year. isn't a two-year budget deal unconstitutional? host: we should point out the budget outline will be released tomorrow. want to repeat this because it's important. commentators say the economy would go into a depression. there is double standards here. if you give obama the credit for what happened in his presidency, you have to give trump the credit in his. i believe it's monday. the president comes out with his 2019 budget. i think it is monday morning. i think so. the president does submit it. he is required to submit a budget every year. he will submit a budget for 2019 this monday. next year, he will submit another budget. we do have this two-year budget deal, that doesn't mean it congress can't change it. t

you mentioned earlier the obama economy. it seems the trump economy growth estimates are already in a nose dive, and you're yet just a year in. the trump administration now, to your credit, mr. director, created 2.06 million jobs over the past year. that sounds pretty good. except that more jobs were created by president obama in 2011, in 2012, in 2013, in 2014, in 2015, and in 2016. and finally, you take credit for being willing to make tough decisions on social security and medicare. can you explain this quote, mr. director, "i was the first and only president potential gop candidate to state that there will be no cuts to social security, medicare and medicaid." >> may i? >> gentleman, take a few seconds to respond. >> if you take a close look, the job numbers are correct, but the gdp numbers are flatout wrong. as to medicare and social security, we do not touch any benefits or raise ages. it's similar to the proposals we had last year on social security. i look forward to talking with you about it more, thank you, congres

obama years. through heavy taxes and excessive regulation, washington had its foot on the brake of the u.s. economy. job creation and wage growth were weaker than they should have been, but another aspect of this often goes overlooked. of the new jobs that were created from 2010-2016, according to one estimate, three quarters went to major metropolitan areas. let me say that again. of the new jobs that were created between 2010 and 2016, three quarters went to major metropolitan areas. only 3% of those new jobs went to rural america. across the nation, including my home state of kentucky, particularly the eastern kentucky, many rural areas, small cities, and suburbs were left behind in the obama economy. it's time to change that. that's why my colleague, the junior senator from south carolina, made sure that tax reform included a provision to create opportunity zones across the united states. my republican colleagues and i were proud to support this policy. it allows state governors to designate economically depressed areas with special tax incentives that will make them more attractive places to

economy generally. starting six-months into his term, president obama had a growing economy. the president has very little impact on the economy unless you do something like go to war. what if we do something like have another government shutdown on thursday? well, the idea of a government shutdown is not a new thing for the market. if you look at what happened to weeks ago when there was a shutdown, if you would happen a couple of years ago, there might be some near-term noise, some loss of confidence, but fundamentally the market will reflect what investors think about the private sector and their ability to generate profits over time. host: how concerned is the market over congress's ability to raise the debt ceiling coming up? guest: that is a slightly different issue. that is the one thing in the near term short of, suddenly, a war, would have a dramatic impact on the stock market. again, the markets have seen before long time, the lyrical back and forth, noise, silliness around the debt ceiling -- here is seven that does absolutely nothing to control the debt, but every

numbers it looks like the trump administration is simply benefitting from the continuation of the obama economy. you say here that trump economics is working. you cite the fact that 2 million jobs were added in the calendar year of page 17 in your testimony. it's great more jobs were created. that's fewer jobs than were created the previous year in 2016, isn't it? >> i don't have the numbers in front of me, senator, bullet i believe you. >> it's fewer than the year before and fewer than 2015, isn't it? >> again, i don't have historical data. >> the reality is it's fewer than it was in 2011. so i'm glad we're heralding this. i want to look at the rate of economic growth. economic growth last year was actually slower than it was in 2015 and 2014. and i went back and i looked at what the cbo projected. what the cbo projected for economic growth in 2017. do you know what they projected in 2017? >> again, i don't have the historical numbers. i know we projected 2.3. in last year's budget you accused me of being way too optimistic. >> actually, i did not accuse you of being way too optimistic. that w

>> two words i don't think we were here tonight on the economy, thanks obama. shh-h-h-h!llet? man: shh-h-h! soi want you to pick a newr truck for your mom or dad, knowing that they could possibly pass it down to you one day. oh. cool. but before you decide, you should know that chevy silverados are the most dependable, longest lasting full-size pickups on the road. which means that ford f-150s are not. (giggles) which truck would you pick? the chevy. there you go. boom. that was obvious. plus it looks cooler. no doubt about it. now they know what to get me. ♪ burned me up and down, shno way to cool it. ♪ ♪ ♪ every time you kiss me it's like sunshine and whiskey ♪ ♪ like a bottle of jack straight to the head. ♪ ♪ one shot, two shot, copper tone red. ♪ ♪ every time you kiss me it's like sunshine and whiskey. ♪ ♪ applebee's handcrafted burgers. any burger just $7.99. now that's eatin good in the neighborhood. >> since the election, we have created 2.4 million new jobs. after years and years of wage stagnation, we are finally seeing rising wages. unemployment claims have hit