look for a job, great numbers came out today and when you couple it with regulatory reform building for the last year and a half, when we ran on these policies, we could run on them again and continue this expansion voters have a choice, do you want more jobs and high wages or more government and higher taxes which is what democrats are selling. how much credit do you give that to tax cuts? significant credit but it is also the regulatory changes. i remember reading a story last year that because of the overregulation in the financial sector alone, 650,000 fewer small businesses created over the last eight years than otherwise could have been, 61/2 million jobs, the same economist talked about the two speed economy. the big businesses were just fine, but small to medium-sized
than there are people to fill them. record low unemployment. you will see some fluctuation in the market. we ve seen tremendous highs. in terms of stabilizing, i think over time, you will see that and what s interesting is to see the stability coming in terms of the job approval ratings. as a president, he should feel happy that he s got these great numbers. more positive poll numbers given the results. we talked about it, they may not like the delivery system but he s offering a cure in terms of the economy and the positive growth numbers that we ve seen and what he s done with national security and isis and whatnot. we will have to see where it goes from here but this is going into a important political time, the midterm elections. overall when you re faced with these kind of good numbers and poll numbers, it s going to be very difficult for democrats to make a strong case for change coming into the midterm elections when things are most
need to get the word out with respect to those. we are in a very different situation than we were in, say, when ronald reagan was president or george w. bush was president. we have now got an opposition that s actually openly socialist. there s no longer this isn t the party of john kennedy anymore. it s now the party of bernie sanders and elizabeth warren. the democratic party really has been captured by this progressive socialist ideology, particularly young people. so it s a great book if you have children or grandchildren and you want them to understand how free enterprise works, this is a great book. they are not going to get it in school. have you got to get them a book. steve: let s take a look at the trump boom. you talk about it in the book but, over on the big screen we have some of the highlights. and you can see 3.1% gross domestic product growth over the first three quarters in office. the congressional budget office predicts 3.3 growth this year. and it looks like the f
workers, we re seeing bonuses for workers. this is a supply side. this is where bob reich and i disagree. this isn t about putting money in the hands of employees, although it will do that. it s about hiring more workers and so on and they have an incentive to do that. that s why i don t think this is an inflationary tax cut and that s why i m puzzled. the wall street journal said corporate profits were very good, you ve got great numbers on jobs. you ve got all these positive things. corporate profits have been doing really well for a really long time and wages have been coming along. you re going to look at the recent wage numbers. what i want to ask you is why aren t companies announcing? every company that s come out and credited the tax cut has credited it with a bonus. a $1,000 bonus is not as much as they would give a worker if they
no. look, i think the stock market loves the tax cut. i think we re seeing raises for workers, we re seeing bonuses for workers. this is a supply side. this is where bob reich and i disagree. this isn t about putting money in the hands of employees, although it will do that. it s about hiring more workers and so on and they have an incentive to do that. that s why i don t think this is an inflationary tax cut and that s why i m puzzled. the wall street journal said corporate profits were very good, you ve got great numbers on jobs. you ve got all these positive things. corporate profits have been doing really well for a really long time and wages have been coming along. you re going to look at the recent wage numbers. what i want to ask you is why aren t companies announcing? every company that s come out and credited the tax cut has credited it with a bonus. a $1,000 bonus is not as much as they would give a worker if they