so nafta has been very beneficial, i think for mexico. think you would agree, it brought a lot of jobs to mexico, it changed the political climate down there. it brought them, nafta is being used as an example of why we shouldn't do the tpp. so tell me, why are these trade agreements, free trade agreements good for american workers. >> well, let's talk, first let's he explain what happened in nfta. >> jon: okay, how far back are we going. >> just to nafta rz jean chretien. >> o what happened after nafta was they had a total, almost had a total collapse of their currency. i gave them a loan in 1995 which they paid back three years early and the taxpayers earned $570 million in interest. different did 560 million. >> jon: it was 560. >> yeah. >> jon: go ahead. >> they earned money. but as a result of that, their economy is weak. plus they were one of our biggest oil suppliers before we were self-sufficient in oil. so we did have trade deficit there. and the analysis of all of our trade agreements with countries with lower per-capita incomes

i thought nafta was a huge mistake, a terrible mistake, but i think he set a tone that was an excellentne for this country. i disagree with some of his -- >> looking back you seemed to like it, but at the time -- >> looking back i liked it more. >> this was a fiery guy. donald trump of 1987. >> it's the same guy. >> i'll give you consistency. >> if you could win as an independent, would you be more -- >> no i want to run. >> i get why you don't want to run as an independent because you probably wouldn't win. it's hard. >> look, somebody was asking me that question the other day times 50. >> i understand. >> i'm hearing it all the time. >> i know. >> i'm running as a republican. i'm leading by double digits for -- >> just say i'm going to stay as a republican. why is it so hard? >> because i'm not prepared to close that door yet but i wouldn't be surprised if some day in the not too distant future it happens. they're treating me very well. i just want to be treated fairly. i'm a person that believes in leverage. >> i was amused about this excerpt from yourplayboy" interview of 1990. the

>> i have been a critic of nafta from the very beginning. john: no.e beginning, she was more sensible. >> everybody is in favor of free and fair trade, and i think that nafta is proving its worth. john: what's true? >> before that, when her husband was a young aspiring governor, she somehow made an incredible profit trading cattle futures, and then she said. >> i don't understand how that could have possibly occurred. john: how it could possibly occur? not only that, she didn't remember making all that money. >> the accountant and my husband and i missed the fact that we had actually made some money. >> you don't remember the profit? >> no, i don't remember the profit. john: the profit was 100,000. 100,000 here, 100,000 there, the amount her husband makes as governor. who remembers things like that. and the white house scandal and the mysteriously disappearing records. i like the way hugh downs introduced the segment. >> tonight, hillary clinton under siege. >> an avalanche of serious charges and sharp criticism of the first lady called a congenital l

to the point that canyon -- canada's manufacturing share in nafta is at an all-time low.t's hard to say if the canadian dollar has more downside potential. i would say it probably does have some, but it's really going to be the length of time that the canadian dollar has to stay at these levels, call it at a $1.30 or $1.40 range, broadly speaking or $.70 to $.75 in the inverse. it's going to be less about where it goes from here and more that it's going to be at these sort of levels for as long as it was at par. thatgoing to be many years the canadian dollar really flirts with the bottom it's at right now. joe: you talked about the dual rate cut from the bank of canada. meanwhile, prime minister harper has continued to pursue a balanced budget. is there a way to put this on the central bank to revive the economy, or should fiscal stimulus carry some of the load as well? david: i wrote about this last year when it was apparent. that's one of the reasons the bank of canada cut rates the first time. they knew that energy capital investment in canada was going to all like a s

. >> nafta is despised in ohio. working people who have been shafted by these deals to send jobs to china. look, china devalues its currency --. >> and trade was way oversold and politicians actually from richard nixon onward are very adept at playing on people's grievances and that is what donald trump is doing today and he is being very successful in august of the year before the election. >> this is legitimate. >> i'm not saying they're illegitimate but i don't hear any solutions that make any sense. >> this segment of the program will be decipherd by the audience. when we come back, the currency war. >> issue two, china declares currency war. >> i think you have to do something to rein in china. they devalued their currency today. they're making it absolutely impossible for the united states to compete. >> china's communist government abruptly devalued its currency this week. in a move to boost its exports at the expense of its trading partners, particularly the united states and the european union. by weakening

i voted against nafta. i voted against calf that. -- cafta.hat i always have believed in a think the facts bear me out these agreements were essentially written by corporate america, big-money interests. by wall street, by the pharmaceutical industry. they are not written for the people of the united states of america. essentially what they are written to do is to say to large corporations -- ok, you don't have to pay workers in this country $15 to $20 per hour. you can shut down in america. moved to china, vietnam, mexico. pay people substantially lower wages. that was the potential of this legislation and i believe that that is what has happened. we lost 60,000 factories in america since 2000. that is not all attributable to trade. that a lot of it is. we are in a race to the bottom. if you don't take a pay cut, i believe in trade but not unfettered free trade. i do not believe that american workers should be forced to compete against workers around the world and i think that that is unfair. they have additional provisions that i do not like

. >> trump says he thinks nafta is a huge mistake. >>> it was hot, but the humidity wasn't too bad this weekend. pretty nice, right? what about the beginning of your workweek? storm team4 meteorologist amelia segal tells us what we can expect. hi, mel. >> the humidity continues to slowly increase as we head on into the workweek. here is what you can expect tomorrow morning. we have had pretty nice starts these last few days, that is going to continue again, 6 a.m. tomorrow, temperature around 71 in washington. mid to upper 60s in the suburbs. by 8 a.m., mid-70s, 10 atlanta, 83, you're noticing the humidity at that point. code orange air quality alert in affect once again for the baltimore metro area tomorrow. that includes howard and anne arundel. what that means, children, elderly, if you have heart disease or lung issue, you want to limit your outdoor activity. for more on code orange air quality alerts, head to my facebook and twitter pages. >> thanks acres meal ya. >>> nbc4's clear the shelters campaign places hundreds of pets in happy homes, but there's still time to help animals i

[applause] you are looking at a senator and a former member of the house who voted against nafta, capfaand trade relations with china. [applause] and you are looking at a senator who will help lead the effort against the transpacific partnership. [applause] we need, we need trade policies which create jobs in america, not in countries around the world. [applause] mr. sanders: and when we use words like greed and recklessness and arrogance and dishonesty, we only have some of the adjectives to describe wall street. all of you know that as a result of the greed and recklessness of wall street, our economy was brought to its knees, millions of people lost their jobs, their houses and their life savings. today, after bailing out wall street because they were too big to fail, three out of the four largest banks are bigger now than they were before we bailed them out. [booing] mr. sanders: in my view -- let me be very clear about this -- when you have six banks issuing two thirds of the credit cards in this country, 35% of the mortgages in this country, when you have banks that are too big to

senator sanders: i voted against nafta for a number of reasons. in my view if you look at the impact they have had on mexico that we have got to own up to his massive dislocation of small homes in mexico. drive and workers off of those forms and into the cities and that chew asian. second of all, i will tell you that i am concerned when i see how aggressive china has been in moving oil all over the world. obviously, latin america is our neighbor. i am not impressed at agree that we have been reaching out with latin america. i strongly support the president's initiative in normalizing relations with cuba. we had rather work with them in intelligent ways. i don't have to tell anyone in this room what we have seen in guatemala, honduras, the kind of violence there that we have seen, that is something the united states has to pay a pension to. -- pay attention to. i voted against the war in iraq. i think that history will record that as the right though. if you read my speeches at that time, it did happen in terms of the destabilization. senator sande

. >> i think nafta has been a total disaster. >> at least they're worlds apart on fun control, right? >> very strong on the second amendment. i am a second amendment professional. i love the second amendment. >> this is socialist standards. the colonel of communism. surely he hates guns. no. not so fast. he has been denounced as a gun nut by other leftists and once had the support of the nra. what the populists feed to do is combine forces, throw the system into total chaos and make it rain. can you imagine trump-sanders on one wild ticket? guns, fair trade and donald trump's money for everyone? what could possibly go wrong? that would be so right. tonight is this hillary clinton's worst week ever? there are so many to choose from and we will do just that. iran will reportedly use its own weapons inspectors as part of the nuclear deal. you tonight even have to worry about anything. they're totally self monitoring and the drug war is going so badly that philadelphia and police department has resorted to using old saved by the bell ads that are make you want to smoke something. i'm glad

i've felt for free trade but i don't vote for nafta a because of that that would be devastating more than helpful bin did my opinion that has been borne out in research and they have been to improve the situation for america. but we need to look every trade and the fact that america hasn't been competitive because have a very high style regulatory environment under this administration and the litigation environment common educational gaps that we have proposed so the role that the government has played is pretty poor front and one of the reasons i wrote the book because they can be competitive if the government creates a level playing field for i have all whole laundry list of things that i go through that talk about how to do that. >> host: has resulted in cheaper consumer products for everybody which is a good thing but certainly has not helped american manufacturing you almost never hear anybody complain about that. why? >> guest: because most people have not lost their jobs or getting lower-paid jobs a very small percentage of americans participate in manufacturing. if you are a

the economic stick instead of a fence, there are provisions in nast athere are -- of in thare -- in naftaiminal does time we ship them home, why are we writing a law that said if we find you back here, you are doing 5 more years, then 10, there a lot you can do besides walls that tunnel you were, and you can go over, and yes you are right, there are economy repercussions. >> people are squeamish about putting foreign national in u.s. prisons for long periods of time. >> why? who. kennedy: a lot i was talking to people. the other day would rather deport them then put them in prison. >> for violent things? no, you are doing your time, you are doing your time then you are doe ported. -- deported. there is a place where we agree are we going to round everyone up and run them out. kennedy: no way, it has been some time since you were in studio, you need to come back to new york, you can show me a thing are two. >> thank you, man. >> coming up simpson's ned flanders inspires a heavy metal band? >> and a koala runs down a bike. in australia. look at that. kennedy: it's like a visit from ice crea

he also pushed nafta very much which we later passed with republican support.ree trader. lou: let's turn to donald trump. >> i am enamored. i have not gone through all of it as to what it is exactly. the me tell you, i'm rich. who doesn't want their kids to be rich. he also a smart, also is a guy -- he has bought influence from everyone on the stage, and i know what it is and how to stop it. he said also i try to minimize my tax take. he does it legally. teesix which of these candidates are you supporting? >> i like all the candidates. lou: said alike. >> can i tell you something. i am a little older. now that i am 75 years old i i have been to this barbecue before. this isthis is a long slow glacial process. lou: sometimes we are beneficiaries of our experience. sometimes we are victims of it. open your heart. embrace the moment. we have to take off. we are out of time, partner. great to have you with us. >> your comment leading to lower immigration was dead on. economics is. 200 active-duty soldiers fighting wildfire tonight. teesix the 1st time in nine years

i believe our trade policies, nafta, kafta are a disaster.eading the effort against the transpacific partnership. that is not clinton's position. >> reporter: clinton still does have a commanding lead nationally. on to the republicans now, donald trump is a front runner in iowa as well as nationally. 23% of likely republican caucus goers supporting her. but dr. ben carson is also on the rise. he is in second place with 18%, with no other candidate getting double digits. the poll shows trump has been able to dramatically reverse impressions of him. 61% of those interviewed have a positive view of him. one key factor impacting the republican contest in iowa what the des moines register calls the "mad as hell" contingent. >>> the u.s./mexico border has dominated republican talking points in the 2016 race but one candidate says the country's border with canada should also be discussed. >>> scott walker says building a wall to separate the countries is a legitimate idea. this comes as walker has taken heat for favoring donald trump's idea of repea

but a big part of it is that thanks to the global trade agreement nafta american company can dump one market and it becomes cheaper in mÉxico to buy the corn from the united states than local farmers who are on their land. the working farmers can no longer be -- can no longer farm in their globlized economy. this happened for a variety of reasons. there's a lot. starvation. plowing with your donkey, that's not going to be able to compete with dumping corn on the market. these people lose their ability to farm and lo and be hold they became the labor force. now these people need jobs. and so, when people say, you know, these people -- mexicans should be grateful. we also have to -- why that is, why are they so poor? the state of mÉxico in oaxaca a right to stay on the farm, people want to stay on the farm. some don't but they shouldn't have a choice. they are forced off their land and they go to mÉxico city, make -- cross over to the united states. and so, when we think about how dare they cross the border, it's all possibility. they're wanting to cross the border in the first place,

to get sick like carly fiorina who isn't fake snow is being honest with us we can tell if it is a naftaiz: he said his own agenda if you agree with it or not the you have a message? >> if you have $10 billion. deirdre: it is on paper. >> it doesn't matter. >> you can save you much. -- pretty much to anything you want ted cruz christie was very boisterous like donald trump and had good ideas before donald trump got in the race and he did call me at the city has a message for charles he is not to read the 60 minutes interview but he will come on charles show. that is the message from the donald. liz: interesting. did you see rich lowry? saying it is not the way to go with any campaign as a bar stool bombast? >> i am one of the people who agree with about half of what donald trump says the of the other half thinks he is crazy. as an economist we need growth in the country that should be the primary message have to get growth? cut tax rates with free trade. liz: but donald trump said he is for the single payer system and it may not me. >> exactly my point. he has the message that is picked

they were against trade bills like it now -- trade bills like nafta, like i did. [indiscernible] the speaker of the house and the chairman of the ways and means committees [indiscernible] want someone who can shape things up and get things done and move this country in a way is just --ountry just -- just anxious for. you need someone to lead us. we need the american people to get their pride back again. we need the opportunity to make things and to produce things and to and make not just our country safer but the rest of the world safer. ladies and gentlemen, you can give me that opportunity in iowa. four years ago, you gave me that opportunity. by the way, four years ago there was a poll out today and i was at 1% in the polls. two weeks before the iowa caucus, i was at 2%. but the people of iowa, you did your jobs. you looked at all the candidates and you shuffled through all of the rhetoric. you look at who actually has accomplished something, has a vision for this country, and can make a difference. -- difference in moving america forward. you are looking for s

the benefits of nafta substantial should be expanded through the tbp good bilaterally reremove remaining barriers international afraid and investment. to the rest of the world and europe we see the former uss countries are still struggling to achieve more economic freedom, dr. wilson might go into that in more detail. in sub-saharan africa, despite some setbacks cause build turmoil and ebola, it's one of the most improved regions in the 2015 index. indeed six of the ten larger scores improvements in the 178 countries registered were by subsaharan countries. nonetheless the continue to underperform when it comes to -- result in more broad-based growth. more critically, the continuing existence of uneven economic playing fields means residents are being left out. the global agenda that calls for prioritizing the fight against endemic corruption in africa, and the fragile protection of property rights and inefficient entrepreneurial environments in africa. elsewhere in africa, kenya is in the process of devolving its highly centralized governance and empowering local government with direct

obviously there's a massive issue vis-a-vis what happened post-nafta and the trajectory of american wages and how trade has affected that. all of which are totally dejit legitimate, steve kornacki was on the program and he compared it to pat buchanan back in 1992, and there is something buchanan-esque. to the extent there's any identifiable, ideological anything here. it's sort of this idea what you need are people, are leaders that are tough and china's got leaders that are tough. mexico has leaders who are tough. we need leaders. >> this country has changed enormously both in terms of demographics and this new, young generation i call first globals that most call millennials are changing everything. you have gay people who are allowed to get married. you had an african-american president. who have women who are asserting themselves as equal to men. this is incredibly disturbing to a significant number of people in the republic kwan party, and they are lashing out. they are angry. they don't know what to do. the elders of the republican party know they can't win the election with that go

he also pushed nafta. so he was very much of a free trader. >> let's turn to trump.o you like the idea of controlling immigration and our borders? >> i'm enamored by donald trump and a lot of things he says. he haven't gone through you all of it, i don't know if it's still fully formed. >> real quick. >> i'm rich, i love that. i mean, who doesn't want their kids to be rich? >> he also said he's smart. >> he also is very smart. he also is a guy who is self financing. he says he has bought influence from everyone on this stage and i know what it is and i know how to stop it. >> who are you supporting for president? >> he said also i've tried to minimize my tax take. he knows every loophole and does it legally. >> which of these candidates are you supporting? >> i like all of the candidates. >> you like them all. so do i. that's interesting. we both arrived at the same conclusion. >> can i tell you, though, is something. >> very quickly. >> the one thing i don't want to do is i'm a little older sh now that i'm 75 years old i've been to this bsh could you before and this

if there's one thing sanders hates more than billionaires, it's nafta. they are attacking the middle-class problem by going after our immigration problems and our trade deals. that's what they have in common. that's something that hillary maybe hasn't been talking about and that's appealing to the white middle-class voters in the midwest. >> and then based on a hypothetical when hillary clinton goes head-to-head with joe biden, it's biden that has the big lead there when it comes to trust. only 34% say they trust clinton. ellis, this is pretty remarkable because biden isn't even in the race. might he be taking these polling results into considering as he ponders whether he should dive in or not? >> a very good point, fred. the real headline on this poll and out of iowa is run, joe, run. bernie may not be the ultimate democratic nominee. pretty much any scenario we cook up but it suggests that there's a little bit of race in this and i don't think anybody could fill it up faster than joe biden could. >> is he the backup? >> he might be. he and hillary are

is that nafta? is that the pacific trade deal they're negotiating right now?know, david, free trade is good for america. it is pro-growth. david: forgive me, i want to focus on you for a second steve because you've seen this. what about individual tax rates? the folks out there care about their own individual rates. does he understand the importance of across the board tax cuts? >> looks like he does. this was a draft of this 14-point plan and he talks in that, there one of the planks in the plan is to reduce individual income tax rates. i don't know how low they were go but they would go lower. what i didn't see in the plan was how they would pay for all this he says cut corporate taxes, cut capital-gains tax, cut individual rates. i don't know where the revenue is but i did see, there is a hint of this, again this is just a draft, that it would be paid for by some kind of a tax on imports. david: nomi, so far, all we had coming out from democrats is raising taxes, at least from bernie and hillary doesn't want to be seen as being too far to the right of berni

leeriness of nafta. they're a stand-in for the broader fear that people are coming into the country and taking their jobs. their jobs are being sent overseas. that's a very ripe sort of line for trump to tap into. >> let's talk about al gore here for a second. there's a source that's telling nbc news that humors of him running for president are quote overblown, similar to what most of us thought immediately when we read the buzz feed piece nes initially. your thoughts? >> we're at the stage of the democratic primary. the why not me stage. joe biden. and al gore, people close to them are looking in the mirror and saying, if bernie sanders can be leading hillary clinton in the polls in inspect. . there's the troubling stories about the e-mails every day that seem to be landing, why couldn't i run? my source is telling me al gore is not going to run. these are you know, hopeful conversations. his spokesman pouring cold what owner the report. this is not going to happen. maybe there was a trial balloon eleme

he also pushed nafta. so he was very much of a free trader. >> let's turn to trump.u like the idea of controlling immigration and our borders? >> i'm enamored by donald trump and a lot of things he says. he haven't gone through you all of it, i don't know if it's still fully formed. >> real quick. >> i'm rich, i love that. i mean, who doesn't want their kids to be rich? >> he also said he's smart. >> he also is very smart. he also is a guy who is self financing. he says he has bought influence from everyone on this stage and i know what it is and i know how to stop it. >> who are you supporting for president? >> he said also i've tried to minimize my tax take. he knows every loophole and does it legally. >> which of these candidates are you supporting? >> i like all of the candidates. >> you like them all. so do i. that's interesting. we both arrived at the same conclusion. >> can i tell you, though, is something. >> very quickly. >> the one thing i don't want to do is i'm a little older sh now that i'm 75 years old i've been to this bsh could you before and this is

. >> nafta was a yuge mistake. >> you can't get yuge tax breaks. >> yuge, yuge tax breaks. >> and i get yuge reductions. >> they get pumped up with this yuge pile of liquid. >> and it's a yuge show for them. >> you know i'm a yuge fan of your mother. >> there's a yuge problem. it's a yuge problem. that's a yuge problem. >> you think he has a bigger problem? >> he's got a yuge problem. a yuge heroin problem. >> that's a fair issue. the issue the yuge amounts of money. yuge amounts of money. yuge amounts of money. >> yuge amount of money. >> trump mentioned yuge amounts of money. >> i have a yuge company and if i'm in new york i get like no bids. >> and this is a yuge break. >> and i see a yuge truck pulling up with sandwich hats to go to the driving range. >> yuge victory. >> he said i just nut a yuge order for komatsu tractors. >> that a's yuge issue. you're not at all concerned? about what now?ly? oh, i don't know. the apocalypse? we're fine. i bundled renter's with my car insurance through progressive for just six bucks more a month. word. there's looters running wild out there. cover

. >> their people argue that nafta was terrible for them. >> mexico is doing an unbelievable job.ss. mexico is the new china, okay? >> where is the evidence of this? >> it's all over the place. >> their gdp is smaller. the peso, it is worth less today. that's not the sign of a strong economy. >> chuck, and you know what? because it's worth less, they're doing a lot of business. look at what china is doing. it's called the evaluation. they're very smart. >> sure. >> mexico is doing it. you think the peso is just dropping automatically? they're very smart, and frankly, they're learning from china. china last week devalued their currency -- >> which you've been begging them to do, by the way. >> the opposite. >> you've been hoping that their currency would finally be sort of more like the market of what it should be, and it is now closer to what it should be. >> they're doing it artificially, that's not the market. i don't want the currency to go down. i've been fighting this for years. i can't believe you're saying that. >> you've been fighting the way they manipulate their currency

i voted for a lot of tree grade agreements, i didn't vote for nafta because i thought it would be verydevastating more than it would be helpful. in my opinion that's been borne out at least it hasn't improved the situation for america. we need to look at free-trade agreements and the fact that america is not being competitive because our taxes are higher, we have the highest tax in the world, we have a hostile regulatory environment in this country that has gotten worse under this administration, look at the litigation environment here, look at the educational gaps we have here, look at the training for manufacturing and those types of jobs. the role of government has played in making its on competitive is pretty profound. one of the reasons i wrote the book is because america manufactures can be competitive in a global economy if the government creates a level playing field vis-À-vis our competitors and so i have a laundry list of things that go through in the book that talk about how we can do just that. host: it's early hasn't helped him america manufacturing, you almost never hear

obviously there's massive issue with what happened post nafta and the sort of trajectory of american wages and how trade has affected that, all of which are legitimate, but it is this kind of fascinating -- let me bring you in here, steve was on the program and compared to pat buchanan in '92. there is something buchananesque. there is sort of this idea that what you need are people, are leaders that are tough and china has leaders that are tough, mexico has leaders that are tough. we need leaders. >> this country has changed enormously both in terms of demographics and the generation i call first globals, millenniums. you have women aing themselves as equal to men. this is disturbing to a significant number of people in the republican party and they are lashing out and angry and don't know what to do and the elders of the republican party know they can't win elections with that going on. they are trying to steer it back to the center. that's what is happening. >> does that stand to you? >> i think howard has a point there. trump is activating a small but vocal faction in the party.

look, nafta. >> let's not let our great country be laughed at any more. if that's the last time america was great again, you didn't think america was great then. >> no, i thought america was excellent. >> america was excellent. and there was the question about hillary clinton that i've been urging interviewers to ask. >> regularly call her the worst secretary of state. >> i think she's the worst secretary of state in the haddistry had i history of our country. >> who was the worst before her? >> i tell you who's the worst after her, kerry. >> i don't want to get into names. i'm insulting so many people. i don't want to insult people. i want to be nice to people. >> so trump the insult candidate suddenly wants to be nice to people. so we left that interview without any evidence that donald trump knows any of the names of any of the secretary of state before hillary clinton. joining me now, josh barrow, and ann garen, former republican congressman from virginia tom davis, tom davis, the poll numbers are interesting with trump, he seems to be holding pretty

. >> if you would repeal nafta by executive order as president that would certainly hurt mexico maybe could do that do you know why they built the great wall of china who they wanted to keep out? >> lots of people that they didn't want. >> no the among gull hoards. that might come up tomorrow. you credit me if you use that answer. >> great. i will remember that. >> now you have been tough on jeb bush particularly. tomorrow night he is going to be next to you i believe. he is going to stand next to you. are you going to say we don't need another bush get out of here. get off othe stage. are you going to do that. >> i don't know if i will do that. i want to be right down the middle. i want to talk about the policy. i want to talk about the wall. i you want to talk about illegal immigration. i talk about bad trade deals. i may say i can negotiate better than any of these folks. i can write the art of the deal. i have certain abilities they do not have. i know the politicians. many of the people. >> do you plan on singling out bush or walker or any of the others do you plan on singling th