coup attempt but then roared back a surge in construction and government spending puts turkey's g.d.p. growth on track to exceed six and a half percent for twenty seventeen that number only outpaced by china and india but inflation remains a major problem at the end of last year annual consumer price growth reached almost twelve perth percent and that's had an impact on the turkish currency the lira has been a long on a long steady decline for years worth over fifty u.s. cents five years ago now down to around half of that now the weak currency helps make turkish exports cheap but it reflects a lack of confidence in the economy and it's making it increasingly difficult for many turks to make ends meet. activists suddenly had to get used to serving tea for the last four months he's been working as a temporary waiter in this istanbul cafe. he'd never imagined things could come to this only last summer move that was the proud owner of a small hotel he was the boss but the economic crisis runed his business he went bankrupt was forced to sell up. because if you do we are going to. it feels awful

targeting nominal g.d.p. growth is targeting the sum of real growth and inflation so it's ke effectual inflation targeting because you're targeting inflation but looking at g.d.p. growth and allowing for easier policy when g.d.p. is below trend and tighter policy above trend. what are the advantages and disadvantages of g.d.p. one target that's made is it requires less information and you don't need to know the natural rate of unemployment to do a nominal g.d.p. but on the other hand you need to know the nominal g.d.p. target and that's a balance you have to make. another argument is nominal g.d.p. targeting is less judgmental in the sense that is sort of builds in your flexible response is to change it in g.d.p. and then it's not clear how the fed would respond but depends on the cost benefits. one interesting aspect of nominal g.d.p. targeting is as i mentioned, larry mentioned, if you have a 6% nominal g.d.p. target and potential g.d.p. growth goes to two it raises your target to four. to the extent nominal inter

growth in g.d.p. agriculture grew by two point five percent. and gently the budget deficit is only one point five percent and the year before it was fifty percent. inflation is at two point five percent which is an all time low. which from the coal this indicates that our situation looks very very good. and that direct investment grew by four point four percent. what this means with one point six g.d.p. growth is that direct investment grows above above. the konami growth which means that we have a strong foundation for further growth. so unemployment is also. quite low so we should be quite optimistic but of course. this doesn't mean that we should relax we still have our work cut out for us and we are not happy with our growth rates in this sense you are right of course it is just so i would like to be optimistic. what i'm talking about is that. in any area. i would bring you know sudden benefits and so on and. what i'm asking you is to maybe in which an. additional but unities to make money. what i'm talking about is the opportunities that a

and fifteen levels when it was roughly fifty percent of growth now six point nine percent is the g.d.p. growth that the numbers that were released today by by china how important is growth for the country it's definitely important the chinese have said some pretty high have goals for themselves which seem to reach by twenty or twenty specifically the doubling of g.d.p. in income compared to twenty twenty levels of two with two thousand and ten levels but but what level of growth is actually desirable for beijing well i think they would like a reasonably high levels so our calculations have indicated that they need to reach something around six point four percent for every consecutive year up until twenty twenty twenty to reach these targets and obviously the higher growth you have the more leeway you have to make reforms to. supply side reforms environmental reforms and also to deal with china's large debts. problem all right about to problems look into that in just a second but there's obviously also a shift in the way that china operates and the economy from for many many years it was the wi

despite political uncertainties there are still some dark clouds on the horizon despite strong g.d.p. growth inflation remains a problem that's making it increasingly difficult to make for many took to make ends meet. activists suddenly had to get used to serving tea for the last full months he's been working as a temporary waiter in this istanbul coffee. he'd never imagined things could come to this only last some a move that was the proud owner of a small hotel he was the boss but the economic crisis room and his business he went bankrupt was forced to sell up. because if you do without any. details also to crash like that it's just such a huge difference between what i was and what i am now part of my house is mainly european tourists in my hotel. but they stopped coming and i started to lose money on what's happening in the last two years my business collapsed completely. lots of turkeys businesses have gone the way of move us on the stumbles main shopping boulevard the lively istiklal the signs of economic malays are everywhere turkey's inflation rate has hit a fourteen year high the li

growth spurt for the german economy official figures out today show a two point two percent so in g.d.p. growth for germany and the once welborn now hard way hope of taiwan is having future business differently if i stay in business with you all see you again very soon here on. clinton. going to. come. on. the laundry god international talk show for journalists to discuss the topic of the week u.s. president told trump is moving close to one year. house seat achievement and has a new best selling book about goings on in the white house damaged his standing. on his one point three. quadriga next d.w. . when i'm traveling to be comfortable. but i also want to stay up to date on the latest news events. and e.w. makes that harder traveling easy because it's available and thousands of hotels resorts and cruise ships worldwide. or have you found a domain sorry to send us a picture that shows the w in your room you can never great price go to d w dot com travel as. mickey has no children which makes her feel worthless and incomplete. in a society that expects them to bear children this is a burden man

and fifteen levels when it was roughly fifty percent of growth now six point nine percent is the g.d.p. growth that the numbers that were released today by by china how important is growth for the country it's definitely important the chinese have said some pretty high goals for themselves which seem to reach by twenty or twenty specifically the doubling of g.d.p. in income compared to twenty twenty levels of two were two thousand and ten levels but what level of growth is actually desirable for beijing well i think they would like reasonably high levels so our calculations have indicated that they need to reach something around six point four percent for every consecutive year up until twenty twenty twenty to reach these targets and obviously the higher growth you have the more leeway you have to make reforms to. supply side reforms environmental reforms and also to deal with china's large problem all right about the problems look into that in just a second but there's obviously also a shift in the way that china operates of the economy from for many many years it was the world switched up an

coup attempt but then roar back a surge in construction and government spending puts turkey's g.d.p. growth on track to exceed six and a half percent for twenty seventeen that pace exceeded only by china and india but inflation remains a major problem at the end of last year annual consumer price growth reached almost twelve percent a half percent rise in interest rates in december was criticized as too meager to get ahead of rising prices and that's had an impact on the turkish currency that there has been on a long slow decline for years worth over fifty u.s. cents five years ago now down to around half that amount the recurrency helps make turkish exports cheap but it reflects a lack of confidence in the economy and it's making it increasingly difficult for many turks to make ends meet. activists suddenly had to get used to serving tea for the last four months he's been working as a temporary waiter in this stumble coffee. he'd never imagined things could come to this only last summer had was the proud owner of a small hotel he was the boss but the economic crisis room his business he we

the first quarter of twenty teen and if that is the case we estimate a potential boost to real g.d.p. growth on an annualized quarter on quarter basis of up to about point three percentage points and on top of that i want to say the fourth quarter of. the u.s. g.d.p. i think december is going to show a real shocking amount of spending on durable goods and. investment by companies cap ex i know for a fact that i did that because once you know there are the tax cuts came in at the end of december you know your write offs your deductibles like are way higher for a twenty seventeen if so if you could jam in as much cap ex and twenty seventeen years you're going to be able to write off far more of it than you are in twenty eighteen so i know i bought are a lot of equipment computers and stuff that we need for the kaiser report and our other productions so i think we're going to have a surprise. and how much further this market rally might be able to go oh well that's an interesting analysis you know it's a further look at the price of gold action and what am i doing twenty eighteen i've been sayi

proven surprisingly resilient however there are some dark clouds on the horizon well g.d.p. growthok a big hit in twenty sixteen off to the failed coup but then rolled back a surge in construction and government spending put turkey's g.d.p. growth on track to exceed six and a half a cent to twenty seventeen that pace exceeded only by china and india but inflation certainly remains a major problem at the end of last year i knew consumer price growth reached almost twelve percent and that has also had an impact on the turkish currency the nira has long been on a slow decline for several years that it was worth over fifty u.s. cents five years ago now it's down to around hoff that amount in the weak currency helps make turkish exports cheap but it reflects a lack of confidence in the economy well as we've just seen judy you to hon has been with us in the studio and ashley now reports that is making it increasingly difficult for many turks to make ends meet. activists suddenly had to get used to serving tea for the last four months he's been working as a temporary waiter in this stumbl

talk about the dow has gained forty percent in a year creating trillions of dollars of wealth g.d.p. growth by three percent the past two quarters looking at four going ahead unemployment at four percent black unemployment at the lowest recorded level manufacturing jobs returning to the united states companies raising their minimum starting wage and passing out bonuses and putting money into capital investments isis been pushed into the core sensually robbed of all territory it wants to add saudi arabia coming to the table trying to actually improve the middle east the us becoming energy independent those are the things i would talk about if i were president giving the state of the union because they are all good thing but what don't you want i'm not going to he's not going to get that credit in the media he's going to have to say it so don't and don't say what if you're devising the president ok and well you know don't you don't say russia. just don't good point bryan. speechwriters paul hit on all the do's i mean you're going to go to go to your strengths go to the economy go and say yes

with these limitations on job creators, it is no surprise that the average g.d.p. growth under president obama was just about a little over 1.5%, no matter the previous history of the united states is actually consistently about 3%. in less than one year by directing federal agencies to delay, withdraw, or invalidate 1,600 planned regulatory actions, president trump has done what president obama was unable to do in eight years, and that is restore the confidence of the american business community. now, he did this by reversing the obama regulations. i have one. in fact, i've taken the time to list these regulations that were putting people out of business. i ask unanimous consent that this be inserted in the record at this -- at the conclusions of my remarks today. the presiding officer: without objection. mr. inhofe: there are two ways you get rid of regulations. one is, you can do it through executive actions. i think everyone knows what that is. but the more difficult thing is to do it through congressional review act resolutions. that is c.r.a. i was very proud, the f

that being said we're going to protect our country over the past year the stock market has boomed g.d.p. growth has improved and unemployment is at an almost seventeen year low good numbers to allow trump to be optimistic we're heading numbers that nobody thought possible certainly not in this time and the numbers going up are going to me much better than anybody anticipates in fact they're going to say that trump is the opposite of an exaggerator if we take a look at the markets the dow jones has set record highs seventy times rise in five thousand points in a year for the first time in history and corporate tax cuts have been met with enthusiasm by the u.s. business and financial sectors with low unemployment good paying jobs in our priority and although donald trump inherited an economy that was already on a good trajectory wage growth was actually less than what we saw in twenty sixteen despite his protectionist message more the ninety three thousand jobs were eliminated due to foreign competition since trump's election that's according to a study by the labor coalition good jobs nation the

as we know those numbers are notoriously unreliable sets given the volatility of the country's g.d.p. growth that swings as high as fourteen percent and as low as six percent so it's extremely hard to hammer out what the true numbers are in a country with about one point four billion people much of china still quite rural so their methods to arrive at those numbers are kind of questionable but no doubt they're carrying the growth in that region but three point nine five is where we're at thanks to the country's booming manufacturing and construction industries and let's move over now to japan even the lower numbers there are they're seeing unemployment all the way down to about two point seven percent with a population of about one hundred twenty seven million this rate is some of the lowest japan has seen this since the early one nine hundred ninety s. compared to just two years ago japan has enjoyed a boost in construction jobs information and technology and both wholesale and retail sectors have added demand there and over now to south korea as relations with their northern neighbor began

americans vote with their pocketbook we've been stuck down under less than two percent per year g.d.p. growth for eight years because incomes are now finally coming back the economy's coming back taxes are going down i think you're going to see a lot of good strong moves from now through november two thousand and eighteen and we're going to vote with our pocketbook and vote for success rather than schemes and slogans and tired you know hackneyed reports. that political analyst charles will tell thank you thoughts thank you. according germany has provoked control to see after it blocked the deportation of a turkish extremist the decision is likely to give chancellor angela merkel a headache and she struggles to form a coalition government r.t. shela dubin ski reports. well germany's top court her has ruled on wednesday that a person cannot be deported back to their country of origin if they face torture or inhumane treatment. turkish court had supported to that country now this case has been highlighted because of a court case brought by a german born turk who was convicted back in two thousan

you think that increases the pressure on places like india and china that have had really robust g.d.p. growthover the last several years is there more of a an onus on them to speak up and sort of fill the void that was once filled by u.s. leadership the strength of india actually lies in our unity in diversity because it has always been of a heterogenous country you know it we've we are official languages are twenty two unofficial languages of three hundred you know the costs the communities the religions and the diverse composition of the country that we are in fact india is not a country it's united states of india it's actually a continent if you ask me so therefore with all of its heterogeneity with all of its diversity i think india india's been shining example for the rest of the world on how in spite of our differences in spite of our. composition in spite of our in spite of the number of things that separate us how we can move together as a nation as a as a as an entity i think that's what the world once today because there are number of things that separate us you know the color of o

contributions now to be revised down are we getting an accurate picture of g.d.p. growth in two thousand and seventeen well this has been a big year project of presidency chimping i must say i don't think the only three regions are doing the anam muddling the accounting figures it's not just them but if it's not just i am valen you know is growth picking up or is it picking up even faster if in previous years other regions were sort of under reporting their economic woes. you know because this has been discovered precisely the inflation that's being done after some regions are trading it but there's also in the past as an academic what we usually do is then when the national figures are up we would present them down and when they are down we would press them up we would do additional work but in this particular year it seems that despite those regions that have been over reporting there there has been adjustments being done from the top to put them down precisely to create a better picture but how do i know is it just means i think for them i must say that we have to leav

there is the ideal but just these one of things for you two point two percent of growth g.d.p. growth in germany last year is everybody happy over there frankfurt. well i figure that we're talking pretty much every day here about new records yes the german economy is strong it was strong in two thousand and seventeen it's most likely also going to be strong in two thousand and eighteen as well the immediate reaction at the stock exchange i guess you can see it in the background shares were actually jumping and they were appreciating that that's what investors are telling me also senor economist of unit credit bank was stating a little bit earlier that germany is really jumping from success to success but in two thousand and eighteen there are still some factors that could be harming the economy as well breck's is still a very big topic some are saying that at the end of brics it could be also become quite expensive for germany and then we still have this i'm going crisis off the united states with north korea with two presidents who are very unpredictable what they are going to do and

the first quarter of twenty teen and if that is the case we estimate a potential boost to real g.d.p. growth on an annualized quarter on quarter basis of up to about point three percentage points and on top of that i want to say the fourth quarter of of the u.s. g.d.p. i think december is going to show a real shocking amount of spending on durable goods and. investment by companies cap ex i know for a fact that i did that because once the you know they are the tax cuts came in at the end of december you know your write offs your deductibles like are way higher for a twenty seventeen if so if you could jam in as much cap ex and twenty seventeen years you're going to be able to write off far more of it than you are in twenty eighteen so i know i bought are a lot of equipment computers and stuff that we need for the kaiser report and our other productions so i think we're going to have a surprise. and how much further this market rally might be able to go oh well that's an interesting analysis you know to further look at the price of gold action and what am i doing twenty eighteen i've been say

the first quarter of twenty teen and if that is the case we estimate a potential boost to real g.d.p. growth on an annualized quarter on quarter basis of up to about point three percentage points and on top of that i want to say the fourth quarter of of the u.s. g.d.p. i think december is going to show a real shocking amount of spending on durable goods and. investment by companies cap ex i know for a fact that i did that because once you know they are the tax cuts came in at the end of december you know your write offs your deductibles like are way higher for a twenty seventeen if so if you could jam in as much cap ex and twenty seventeen years you're going to be able to write off far more of it than you are in twenty eighteen so i know i bought are a lot of equipment computers and stuff that we need for the kaiser report and our other productions so i think we're going to have a surprise. and that's how much further this market rally might be able to go oh well that's an interesting analysis you know to further look at the price of gold action and what am i doing twenty eighteen i've been

that being said we're going to protect our country over the past year the stock market has boomed g.d.p. growth has improved and unemployment is at an almost seventeen year low good numbers that allow trump to be optimistic hitting numbers that nobody thought possible certainly not in this time and the numbers going up are going to me watch better than anybody anticipated in fact they're going to say that trump is the opposite of an exaggerator if we take a look at the markets the dow jones has set record highs seventy times risin five thousand points in a year for the first time in history and corporate tax cuts have been met with enthusiasm by the u.s. business and financial sectors with low unemployment good paying jobs in our priority and although donald trump inherited an economy that was already on a good trajectory wage growth was actually less than what we saw in twenty sixteen despite his protectionist message more the ninety three thousand jobs were eliminated due to foreign competition since trump's election that's according to a study by the labor coalition good jobs nation these nu

three -- two straight quarters of g.d.p. growth, 3% or over, and the american optimism is booming. he's restored confidence and respect for our world leadershipen and rebuilding our military. america has stopped apologizing for being the greatest nation on earth and we are being respected again around the world. isis has crush -- is crushed by allowing its generals to do what they knew how to do in the field. here in america, ladies and gentlemen, it's also ok to say, once again, merry christmas. chaustchaus and you know what, as the old song go, we've only just begun. i want to tell you what an incredible honor it is to serve in the cabinet of a president who is bold derek sicive, focused and passionate america's prosperity. day we present a report that you honor ed -- honored me by allowing me to chair that task force. with no further delay, help me welcome the 45th president of the united states, donald j. trump. mr. president. cheers and applause] ♪ i'm proud to be an american i won't forget the men who died who gave that right to me i gladly stand up next to you defend her sti

you think that increases the pressure on places like india and china that have had really robust g.d.p. growth over the last several years is there more of a an onus on them to speak up and sort of fill the void that was once filled by u.s. leadership the strength of india actually lies in our unity in diversity because it has always been of a heterogenous country you know it we've we are official languages are twenty two unofficial languages of three hundred you know the costs the communities the religions and the diverse composition of the country that we are in fact india is not a country it's united states of india it's actually a continent if you ask me so therefore with all of its heterogeneity with all of its diversity i think india india's been a shining example for the rest of the world on how in spite of our differences in spite of our. composition in spite of our in spite of the number of things that separate us how we can move together as a nation as a as a as an entity i think that's what the wood wants today because there are number of things that separate us you know the color o

as we know those numbers are notoriously unreliable sets given the volatility of the country's g.d.p. growth that swings as high as fourteen percent and as low as six percent so it's extremely hard to hammer out what the true numbers are in a country with about one point four billion people much of china still quite rural so their methods to arrive at those numbers are kind of questionable but no doubt they're carrying the growth in that region but three point nine five is where we're at thanks to the country's booming manufacturing and construction industries and let's move over now to japan even the lower numbers there are they're seeing unemployment all the way down to about two point seven percent with a population of about one hundred twenty seven million this rate is some of the lowest japan has seen this since the early one nine hundred ninety s. compared to just two years ago japan has enjoyed a boost in construction jobs information and technology and both wholesale and retail sectors have added demand there and over now to south korea as relations with their northern neighbor began

it has been justified on the growth on the g.d.p. front. there are only six countries in the world that have negative or in recession territory here, and we see g.d.p. for the 10th year in a row growing with 3.5% or 3.6% expected g.d.p. growth here. and also on the earnings and equity side. on the fixed income side, you have to watch a little bit. obviously we have seen two 10--year treasury rates returning. they have gone from 80 basis points to 50 basis points. what is more important is five-year real rates. they have come up quite a bit as well. but it is not varying yet. we have fundamental data on the economic front being good. corporate data is pretty good. you just have to watch the fixed income space, and you have to make some turning on he credit space here because credit has probably peaked as interesting levels. mark: you see under the surface there is high dispersion. how do we play that given that we have been putting bets on certain regions? when it comes to strategy, how does that change the way we bet on these markets? >> i

economy as a whole g.d.p. growth is up and unemployment is down the stock market started making gains shortly after trump took office on his promise to cut regulations that hinder economic growth and he's done just that cutting hundreds of regulations in the last year and now the markets are responding positively to trump's tax reform legislation which is promising huge tax cuts to corporations and seen as a gift to wall street add it all up and the dow has shot up more than forty percent since trump became president further helping is that crude prices are up to some of the highest prices in the past three years driven up by production cuts by opec and strong demand fueled by economic growth but going back to the dow and the stock market while without a doubt it is seeing record gains it is mostly benefiting the rich and well connected millions of americans are seeing no or very little effect from it or only one third of the bottom fifty percent of wage earners have stocks in many ways this is a search that's a lot

that being said we're going to protect our country over the past year the stock market has boomed g.d.p. growth has improved and unemployment is at an almost seventeen year low good numbers that allow trump to be optimistic we're heading numbers that nobody thought possible certainly not in this time and the numbers going up are going to me watch better than anybody anticipates in fact they're going to say that trump is the opposite of an exaggerator if we take a look at the markets the dow jones has set record highs seventy times rise in five thousand points in a year for the first time in history and corporate tax cuts have been met with enthusiasm by the u.s. business and financial sectors with low unemployment good paying jobs in our priority and although donald trump inherited an economy that was already on a good trajectory wage growth was actually less than what we saw in twenty sixteen despite his protectionist message more the ninety three thousand jobs were eliminated due to foreign competition since trump's election that's according to a study by the labor good jobs nation these numb

economy which as you point out is actually doing quite well at least in terms of unemployment and g.d.p. growth now that growth is a little uneven a lot of those manufacturing jobs haven't come back and tyrolese but his base that thirty percent is still willing to stick with him where he's had trouble is the moderate voters the independents who are not so much voting for him as against eight years of what they thought was stagnant wage growth and they took a flyer on him and it's that fifteen to twenty percent that he's struggling to maintain support from but his thirty percent base is pretty solid and does you in the united states mark martin luther king day of course a day in which you celebrate a man who devoted his life to racial equality and known how would you assess the state of into communal relations in america today. well you know part of the issue here is that trump's base support is predominately white voters there are voters that have been trending republican particularly middle and lower education middle and lower income away from the democratic party for forty to forty years and

g.d.p. so far we have seen two quarters of over 3% growth., remember, barack obama, the only president in the history of this country to never reach 3% g.d.p. growth for an entire year. now, here's what the media will never tell you. well, there is a night and day difference between the economy just a year ago and now under donald trump for one year. under obama's economy i will remind you it was god-awful. lowest participation rated since the 1970s, 95 million americans out of the labor force. the worst economic recovery since the 1940s, the lowest home ownership rate in 51 years. 13 million more americans on food stamps. 8 million more on poverty. 43 million total living in poverty under obama in just one year the economy is now turning around and that's before the 1.5 trillion-dollar historic tax cut even had a chance to take effect. all good news for us. liberals, the media, they said oh, the tax cuts are going to be terrible for the economy. it's only going to benefit corporations. by the way, corporations don't pay taxes. turns out to b

the only president in the history of this country to never reach 3% g.d.p. growth an entire year. and we can't forget about obama's terrible economy. millions more people on food stamps and in poverty. 95 million americans out of the labor force. the worst economic recovery since the 1940s, the lowest labor participation rate since the 1970s, the list goes on. worst recovery since the 1940s, worst home ownership rate in 51 years. unlike obama, business confidence is now soaring under president trump. the news is so good that even the liberal "new york times" cannot even ignore this. take a look at this headline. i didn't make it up. the trump effect. business anticipating less regulation. loosens the purse strings. this is exactly what we have been seeing happening all across the country. couple that with the brand new 1.5 trillion-dollar tax plan. that is now taking effect of what you have a recipe for a reagan-style economic explosion. you, the american people, you are beginning to see the direct impact of this tax bill. for example, companies like boeing, at&t,

economy as a whole the g.d.p. growth is up and unemployment is down the stock market started making gains shortly after trump took office on his promise to cut regulations that hinder economic growth and he's done just that cutting hundreds of regulations in the last year and now the markets are responding positively to trump's tax reform legislation which is promising huge tax cuts to corporations and seen as a gift to wall street add it all up and the dow has shot up more than forty percent since trump became president further helping is that crude prices are up to some of the highest prices in the past three years driven up by production cuts by opec and strong demand fueled by economic growth but going back to the dow in the stock market while without a doubt it is seeing record gains it is mostly benefiting the rich and well connected millions of americans are seeing no or very little effect from it or only one third of the bottom fifty percent of wage earners have stocks in many ways this is a search that's a lot a

three -- two straight quarters of g.d.p. growth, 3% or over, and the american optimism is booming. he's restored confidence and respect for our world leadershipen and rebuilding our military. america has stopped apologizing for being the greatest nation on earth and we are being respected again around the world. isis has crush -- is crushed by allowing its generals to do what they knew how to do in the field. here in america, ladies and gentlemen, it's also ok to say, once again, merry christmas. chaustchaus and you know what, as the old song go, we've only just begun. i want to tell you what an incredible honor it is to serve in the cabinet of a president who is bold derek sicive, focused and passionate america's prosperity. day we present a report that you honor ed -- honored me by allowing me to chair that t

even modest increases in g.d.p. growth caused by the tax cuts and jobs act will substantially contribute to a leveling off of the deficit. the congressional budget office stated for every .1% increase in g.d.p., nearly $270 billion in revenue is added over 10 years. most importantly, hardworking american taxpayers will now keep more of their hard-earned cash. estimates show that married couples taking advantage of the new standard deduction in the fifth district of north carolina may receive a tax cut to the tune of $1,834. that's no small sum. mr. speaker, i'm pleased that house republicans kept our promise to bring about more and bigger xes, 2017.cks in and i look forward to this continued success in 2018. i yield back. the speaker pro tempore: the chair 2017. and i look forward recognizes t from connecticut, mr. courtney, for five minutes. mr. courtney: thank you, mr. speaker. mr. speaker, last october president trump loudly proclaimed that the affordable care act, obamacare, was quote-unquote, virtually dead. he said i