reihan: it hurts exporters. scott: it hurts exporters, but you are also using it as a geopolitical tool. i was at a recent council on foreign relations meeting and jared bernstein was talking about biden policy to him anything they don't like is a market failure. everything is a market failure. in the q and a a woman from a european think tank said you said the word friendshoring, but you never tell us what it means to be a friend. tariffs, currencies, in terms of bilateral trade agreements, i think in terms of security agreements, i think in terms of values, i think we should make it very clear that there is a green, yellow, and red bucket. we let everyone know where they are. reihan: here's what we ask of you. scott: here is what we ask of you. you can choose which bucket you want to be in. here's what you get for being in the bucket. reihan: i believe we have time for a few questions from the audience. >> market watch. there is definitely a view that in the first trump presidency the tax cuts and spending wer

reihan: you are an admirer of shinzo abe. faced with persistent deflation, his economic revival consisted of three arrows, aggressive monetary policy, fiscal stimulus, structural reform. if you were to advise say, donald trump if he were elected president, what would you suggest as the three arrows for a successful presidency? scott: i might even advise him to campaign on three arrows. 3% real economic growth. how do you get that? through de-regulation, more u.s. energy production, slaying inflation, forward guidance on confidence for people to make investments so the private sector can take over from the bloated government spending. two, i would urge him to make public his desire to get the deficit down to 3% by the end of this term. he didn't get us to the 6% or 7% deficit. they averaged 4% under him. get that down to 3%. then, 3 million more oil barrels per day for u.s. energy production. that would be my 3, 3, 3. that would substantially decrease the oil price, which would bring inflation -- that is one of the number one,

the things we'll talk about on our round table with donna brazile, julie pace, astead hernon, and reihanhe house. not 15 ballots, but just a couple. what did we learn? >> we learned that johnson has the backing of president trump for now, incoming president trump, and that's crucial for him and really any republican leader. he can't survive without trump's backing. he's going to owe trump some things coming out of this election to the speakership. he's going to owe him moving forward trump's agenda in the way trump wants it done, and that's going to be the challenge because within that very narrow republican majority, there are big differences in how to enact that agenda, particularly around how you offset the extension of the trump tax cuts, how you make sure you're not adding, you know, to government spending here. you're going to see moderate republicans who are going to be resistant to some of the really steep spending cuts that would be required to pull that off and that's even before you get into raising the debt ceiling, any of the immigration policies that trump wants to enact. s

reihan salam. now, the un has said that the closing of the kamal adwan hospital has put some 75,000 palestinians still in northern gaza at risk. fred. >> paula hancocks there for us in jerusalem, thank you very much. and some encouragement if you're taking part in dry january, the surgeon general issued a new alcohol warning and called for a new measure to inform people about the danger that is coming up next. >> have i got news for you is back for a new season. >> whether you like it or not. >> are those the only two choices? >> yes. you like it or you don't? >> i'm on the fence. >> this is going to be a long season. >> have i got news for you returns february. >> with so many choices on booking.com, there are so many tina fey's i could be. >> so i hired body doubles, mountain climbing, tina and a cabin or tree climbing tina at a beach resort. >> nice. booking.com. booking.com yeah, victims of mesothelioma and their families may be entitled to receive a cash award from the estimated $30 billion in