Sean Spicer on the impact the economy will have on the 2020 election

Sean Spicer on the impact the economy will have on the 2020 election


STOCK MARKET SELLING OFF BIG TIME AS A RESULT OF THAT. THE FORMER WHITE HOUSE PRESS SECRETARY SEAN SPICER ON POLITICS BEHIND THIS. GOOD TO SEE YOU. IT BRINGS UP THE QUESTION OF TIMING. ALWAYS IN PRESIDENTIAL RE-ELECTION CYCLES, YOU WONDER HOW THE ECONOMY IS DOING AT A CERTAIN POINT. WHAT IS THE MOST IMPORTANT TIME DO YOU THINK FOR US TO GAUGE HOW THE ECONOMY IS DOING AND HOW THAT MIGHT IMPACT THE PRESIDENT’S RE-ELECTION.>>I THINK NEXT JULY AND AUGUST ARE IMPORTANT. AS YOU HEAD INTO AN ELECTION, ONE OF THE THINGS I TRIED TO EXPLAIN TO PEOPLE OVER THE YEARS, THE ECONOMY IN TERMS OF WHY PEOPLE VOTE ISN’T JUST NUMBERS. YOU CAN THROW AS MANY STATISTIC AS YOU WANT. IF THEY DON’T FEEL THE ECONOMY IS GOING WELL. IF THEY DON’T FEEL LIKE THEY CAN SPEND EXTRA DOLLAR OR TWO, SAVE MONEY, GO ON THE VACATION, SPLURGE A LITTLE, DOESN’T MATTER WHAT THE STATISTICS SAY. AS YOU HEAD INTO THE ELECTION SEASON, THAT JULY-AUGUST TIME FRAME, SUMMER MONTHS ARE CRUCIAL. WHETHER OR NOT PEOPLE FEEL THE ECONOMY IS WORKING FOR THEM OR WORKING AGAINST THEM. BECAUSE THEY WILL WANT TO TAKE A VACATION, GET READY FOR THE SCHOOL SEASON BY BUYING STUFF FOR THEIR CHILDREN OR WHAT HAVE YOU. IF THEY DON’T FEEL IT ISN’T GOING WELL, IT DOESN’T MATTER WHAT STATISTICS YOU THROW AT THEM, WHAT NUMBER THE STOCK MARKET IS AT. WE HAVE PLENTY OF TIME BEFORE IT STARTS TO SINK IN. BUT OVERALL, THERE IS A DIFFERENCE, RIGHT? SO YOU HAVE GOT THE UPS AND DOWNS OF THE MARKET. WE’RE SEEING CLEARLY A DOWN DAY TODAY. THERE HAVE BEEN PLENTY OF GOOD DAYS. THE QUESTION WHERE DOES IT FALL OUT. CONNELL: RIGHT.>>THE OTHER POINT, COLIN, YOU COVERED OVER AND OVER AGAIN, HOW MANY TIMES HAVE WE SEEN QUARTERLY GDP NUMBER, EMPLOYMENT NUMBER COME UP. RIGHT BEFORE IT A LOT OF PREDICTIONS ARE REALLY EXPECTING TO SEE SLOWING ECONOMY OR JOB, WAGES ARE GOING TO SLOW. WE DEFY THE ODDS OVER AND OVER AGAIN. CONNELL: TRUE.>>MAYBE THIS IS IT. I HAVE SEEN TOO MANY TIMES LUCY WITH THE FOOTBALL, EVERYBODY PREDICTS DOOM AND GLOOM. CONNELL: I KNOW.>>IF WE HAVE A COUPLE BAD DAYS THAT IS NOT THE END OF THE WORLD. THAT IS NOT GREAT, WE’RE NOT, FROM A POLITICAL STANDPOINT WE’RE NOT AT A SITUATION WHERE IT SPELLS ULTIMATE DOOM. YOU SAW BACK IN 1992 PRESIDENT BUSH STARTED TO TALK ABOUT THE ECONOMY. CLINTON SAID THE ECONOMY, STUPID. REALITY WAS, THE ECONOMY WAS IMPROVING. IT DID TOO WELL. CONNELL: TOO LATE, RIGHT? THAT IS WHY I ASKED YOU ABOUT TIMING. CAME LATE FOR PRESIDENT BUSH.>>THAT’S RIGHT. SO AS LONG AS PEOPLE ARE FEELING IT, THAT IS GOING TO BE IMPORTANT. BUT THERE IS ALSO ANOTHER THING. YOUR LAST GUEST, IT WAS FUNNY. I WAS FORMER ASSISTANT TRADE REP UNDER THE BUSH ADMINISTRATION. THIS IDEA WE’LL LET IT GO TO THE WTO, THAT’S WHY PRESIDENT TRUMP WON IS BECAUSE HE WASN’T GOING TO FOLLOW THE COOKIE CUTTER TRADITIONAL PATH THAT EVERY OTHER POLITICIAN SAID. LET’S BRING IT TO THE DISPUTE RESOLUTION BODY. CONNELL: SEAN, JUST ON TRADE IN PARTICULAR. THERE IS STILL CONSEQUENCES TO IT, RIGHT?>>YES. SURE. CONNELL: PRESIDENT COMES OUT, WHEN HE SAID FOREVER, WELL, CHINA IS PAYING TARIFFS. THEY’RE NOT REALLY PAYING TARIFFS. U.S. IMPORTERS PAY TARIFFS. MAYBE THEY DO PASS THOSE ALONG. IT’S A QUESTION WHETHER YOU’RE HONEST WITH THE AMERICAN PEOPLE AND SAY YOU KNOW WHAT? THIS COULD BE TOUGH FOR A WHILE. IT IS WORTH IT IN THE END. WE’RE NOT NECESSARILY GETTING THAT ARGUMENT ALL THE TIME OUT OF THE WHITE HOUSE, ARE WE?>>NO. I THINK IT WOULD BE BETTER TO SAY FOR YEARS POLITICIANS TOLD YOU EITHER. A, THIS IS THE COST OF DOING BUSINESS, RIGHT? SO THAT CERTAIN JOBS AND INDUSTRIES ARE NOT GOING TO DO WELL. YOU NEED TO ACCEPT THAT AS REALITY. THIS IS AS MUCH AS WE CAN DO NOW THAT CHINA IS PART OF THE WTO WE NEED TO CALL ON THEM TO BE A RESPONSIBLE STAKEHOLDER WITH THE TERM AT THAT WAS USED ALL THE TIME. OR, YOU HAVE TRUMP THAT SAYS YOU KNOW WHAT? I DON’T REALLY CARE ANYMORE. YOU WILL NOT GET EXCUSES, SOMEBODY STANDS UP, USES ALL TOOLS IN THE TOOL BOX, 301, 302S. I WILL FIGHT FOR YOU. CONNELL: ECONOMIC CONSEQUENCES OF THAT?>>RIGHT. BUT I THINK — CONNELL: THEY COULD BE TOUGH?>>I THINK THAT IT WOULD BE SMART, BECAUSE IT WILL BE TOUGH. CONNELL: RIGHT YOU SEE IT NOW.>>CHINA IS A POWERHOUSE. THE THING IS, THAT THEY CAN WITHSTAND A LOT BECAUSE IN A DICTATORSHIP, THEY CAN, THEY DON’T HAVE TO WORRY ABOUT THE DAY-TO-DAY POLLING THAT A DEMOCRACY MIGHT HAVE TO DEAL WITH IN TERMS OF POLITICIANS. CONNELL: YES.>>THAT BEING SAID, EVERYBODY THOSE THAT CHINA IS UNIQUELY DEPENDENT ON OUR ECONOMY AS AN EXPORT MARKET. THEY NEED THINGS LIKE SOYBEANS BIG TIME TO MAKE THEIR ECONOMY MOVE. SO WE DO HAVE CERTAIN MECHANISMS AND LEVERS WE CAN PULL. I AGREE WITH YOU, IF THE PRESIDENT WENT OUT THERE, GUYS FOR THE FIRST TIME IN EITHER PARTY’S HISTORY STAND UP TO CHINA THE WAY NO ONE HAS DONE BEFORE. CONNELL: GOT TO RUN, SEAN.>>I THINK THAT WOULD BE MUCH MORE STRONG. CONNELL: THAT WOULD ABETTOR ARGUMENT.

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41 Comments

  1. Donald Trump never divested from Trump Organization, and he's gotten over a HUNDRED trademarks and patents from China since he's been president

  2. Tax cuts did not pay for themselves at all we have a huge deficits and debt under trump. Government spending is over 1 trillion a year deficits were 500 billion when he came in now its 1 trillion for the next ten years. The debt was 19.5 trillion in 2017 now its 22.5 trillion 3 trillion in debt so far from trump. If trump gets 4 year more he will add over 8 trillion in debt.

  3. The leader of U.S. White Nationalist approach was predictable. This is how he did business before becoming President. And it is how he now runs the US government: Make public declarations about what a great person his negotiating partner is. Make public statements how a trade deal is imminent. Then at the last minute throw up unacceptable demands, threats, and intimidating statements. Allow negotiations to break off. When the other side does so, blame them for failing to make a deal. Then wait and see if the other side makes concessions and signals it wants to return to the bargaining table. When they do, privately or publicly, return to negotiations with more demands for concessions. If necessary, play this same game over again.   China and Xi were burned once by these maneuvers back in May 2018.   It is not likely the Chinese will be burned again. In fact, they have publicly declared no deal unless Trump at minimum withdraws his May 2019 trade team threat to retain tariffs whether a deal is reached or not. He is an expert in filing bankruptcies (6).

  4. Why does no one talk about the debt and deficit under obama the gop loves to talk about the debt and deficit under him but nothing under trump

  5. Will trump stop adding to the debt and deficit the deficit has double in 2 years from 500 billion in 2017 to 1 trillion dollars 2019 no gop has done nothing to stop his spending if that was a obama or clinton they would be pissed

  6. Once trump took credit for the economy and for the stock market he will be blamed when the economy and stock market crashes since he takes credit.

  7. Fox "business", what a joke. Charles Payne says Art Laffable is a "straight shooter" and has "experience"? Yeah, he's got experience NOT seeing the 2008 collapse, he still owes Peter Schiff a penny and an apology. None of the Keynesians at Fox knows anything about free-market economies, especially Art Laffable who got a Medal of Freedom for getting the 2008 collapse 100 percent wrong.

  8. A TRUE LEADER HAS THE CONFIDENCE TO STAND ALONE
    THE COURAGE TO MAKE TOUGH DECISIONS
    AND THE COMPASSION TO LISTEN TO THE NEEDS OF OTHERS
    HE DOES NOT SET BOUT TO BE A LEADER
    BUT BECOMES ONE BY THE EQUALITY OF HIS ACTIONS
    AND THE INTEGRITY OF HIS INTENT.
    THIS IS AMERICA'S CHOSEN PRESIDENT DONALD J. TRUMP !

  9. Please Sean don't talk to us like we're idiots you can explain details of the economy and we will get it we are not morons

  10. Trump's deficit spending, putting us in debt to the tune of $1 trillion, is working like charm! The rich are getting richer and Trump's tools think the great economy is real!

  11. We will have a hard time when the next recession thanks to trump big goverment spending and 1 trillion dollar deficit i thought that the republicans was against debt and deficit they been saying that for years we must end the two party system in this nation

  12. Trump withdrew from all the trade deals and now he doesn't have a deal. He created this economic crisis. Who's fault is that? The Chinese wants him defeated.

  13. So are you saying Elisabeth Warren is going to bring a better economy?
    The entirety of The left is all in on a reccesion and doing everything they can to bring one…!!!

  14. Hey, the stock market is going to tank because you elected a kindergartener for president. It is doomed. Every gain made when Obama saved the economy, will be lost thanks to Drumph. LMFAO. 2020. Tick tock….

  15. Yeah. Keep pumping up the market Spicer. Keep carryin' the water. Stay on point. Fool the masses for God's sake!
    We can't tell the truth. We can't admit we are wrong. Until the end.

  16. All of a sudden Spicer is a professor of economics? The people who land on Fox for an opinion? Who’s up next, Justin Bieber?

  17. There is a median American not an average American. The scary thing is, this person earns $31,786 per year. Compared to the $48150 annual average income, you can see why it will be something similar to unions that brings the economy back. I am still not convinced we can afford or need Universal Basic Income. Automation is a wreck at the moment. Have you seen what people consider automation? It will be decades before that debate happens. I will be 90 by then. What we need is a return to the 1950s tax system that can fund infrastructure and improvements in k-12, regulation of the higher education system, regulation of medical billing, and probably a massive reform of Medicare and Medicaid.

    America had a surplus in our largest spending spree on infrastructure and education in history. We paid for it through a truly progressive tax system and had a surplus.

  18. I think it would take a full blown depression for the Democrats to win the White House. That's just how bad their choices are for the nominee.

  19. WHOLE LOT OF PEOPLE MAKING MONEY ON THIS DOWNSIDE !!! Sell off take profit and rebuy… it will jump back up 😉 No worries !!!

  20. Every countries and companies who have done business with china suffered bad ending. Sony, panasonic, sanyo, IBM, ford, now samsung, apple on the edge,…

  21. why look back at 40 or50 years ago and say because this happened then it will happen now, time to stop looking back and start looking forward. It's easy to see the past the future is still undetermined

  22. Trump and his voodoo economics……Genuine Christians are praying to the Lord for the day Trump is GONE!!!!!!!!!!!!!!!!!!

  23. I would rather eat beans and live with my Freedoms & Liberty's, than live another day, under lie's and deceit, knowing that President Trump has America first, by God and under God, we have to know America will be better off in the long haul.

  24. THE ECONOMIC COUP is staged by the Leftest Banksters to discourage Trump from running ..They will do anything to win, even Collapse the Economy

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