Transcripts For CSPAN Washington This Week 20161002 : vimars

About people in crisis, or in a crisis, the crisis at the changes them or changes everyone else. If you do not show conflict or flaws, and you dont show someone going out of their flaws, you are seeing something you cannot really connect to, and it does not really have the same impact. Oftonight on q a, the editor commentary magazine and movie reviewer for the Weekly Standard talks about movies he has reviewed. Ofthe movie itself, as kind an update of a classic showbiz story about how the band got together ever put recorded their vacates a strike in the affected strikingly effective. Pgrad now, the first debate between Hillary Clinton and donald trump. It took is on monday. The moderator is lester holt. This is one hour and 40 minutes. Lester holt good evening from Hofstra University in hempstead, new york. Lester holt, anchor of nbc nightly news. The participants tonight are and Hillary Clinton. This debate is sponsored by the president ial debates, a nonpartial nonpartisan organization. Commissioner has drafted the format and the rules have been agreed to. Dividedminute debate is into six segments, each 15 minutes long. Topic areasre three tonight achieving prosperity, americas direction, and securing america. Start of each segment, i will ask the same leadoff question to both candidates, have up to ll each two minutes to respond. From that point until the end have an egment, well open discussion. The questions are mine, and have not been shared with the campaigns. Or the the audience here in the room has agreed to remain silent so that we can focus on what the are saying. I will invite you to applaud, however, at this moment as we candidates, democratic nominee for president of the United States, Hillary Clinton, and republican nominee for president of the donald j. Trump. [cheering and applause] to ald trump good luck you. Lester holt well, i dont us to cover all the issues of this campaign tonight there areind everyone two more president ial debates scheduled. We will focus on the issues voters tell us are most important. I am honored to have this role but this evening belongs to the and just as important to the american people, candidates, we look forward to hearing you policies and ur your positions as well as your visions and your values. Lets begin. Were calling this opening segment achieving prosperity central to that is jobs. There are two economic realities in america today. Been a record six straight years of job growth and new census numbers show incomes have increased at a record rate after years of stagnation. Inequality come remains significant and nearly half of americans are living paycheck. To beginning with you, secretary clinton, why are you a better to ice than your opponent create the kinds of jobs that will put more money into the pockets of American Workers . Hillary clinton thank you, lester, and thanks to hofstra hosting us. The central question in this election is really what kind of country we want to be and what kind of future well build together. Granddaughters second birthday, so i think about this a lot. First, we have to build an that works for everyone, not just those at the top. Jobs, eans we need new good jobs, with rising incomes. I want us to invest in you. Invest in your future. That means jobs in infrastructure, in advanced manufacturing, innovation and technology, clean renewable and small business, because most of the new jobs will come from small business. Make the ave to economy fairer. That starts with raising the wage and also um guarantee finally equal pay for womens work. I also want to see more companies do profit sharing. The profits,create you should be able to share in them, not just the executives at the top. Do more to us to support people who are to balance family and work. Ive heard from so many of you youut the difficult choices face and the stresses that youre under. Have paid family leave, earned sick days. Lets be sure we have affordable child care and debtfree college. How are we going to do it . Were going to do it by having their fair pay share and close the corporate loopholes. Tonight are on the stage together, donald trump and i. To be with s good you. Were going to have a debate we are talking about the important issues facing our country. You have to judge us. Who can shoulder the immense awesome responsibilities of the presidency . Can put into action the plans that will make your life better . Will be able to earn your vote on november 8th. Lester holt secretary clinton, thank you. Mr. Trump, the same question to you. About putting more money into American Workers. You have two minutes. Donald trump thank you, lester. Our jobs are fleeing the country. Theyre going to mexico. Theyre going to many other countries. At what china is doing to our country in terms of making our product. Devaluing their currency and theres nobody in our government to fight them and we have a very good fight winning fight, because theyre using our country as a piggybank to and many other countries are doing the same thing. Good jobs, sing our so many of them. When you look at whats happening in mexico, a friend of mine who builds plants said its the eighth wonder of the world. Building some of the biggest plants anywhere in the world, some of the most sophisticated and best plants. With the United States, as you said, not so much. So ford is leaving. See that theres division, leaving. Thousands of jobs, leaving michigan, leaving ohio. Theyre all leaving and we cant allow it to happen anymore. Childcare is concerned and so many other things, i think hillary and i agree on that. Disagree a little bit as to numbers and amounts and what were going to do, but be talking about that later. But we have to stop our jobs from us. Ng stolen we have to stop our companies leaving the United States and with it, firing all of their people. You have to do is take a look at carrier air indianapolis. In they fired 1400 people. Theyre going to mexico. So many hundreds and hundreds doing this. S are we cannot let it happen. Under my plan, i will be reducing taxes tremendously 15 for companies, small and big businesses. Thats going to be a job creator like we havent seen since ronald reagan. Its going to be a beautiful watch. To companies will come. They will build. They will expand. Will start, and i look very, very much forward to doing it. We have to renegotiate our and we have to stop these countries from stealing our jobs. Nies and lester holt secretary clinton, would you like to respond . Hillary clinton i think that is an important issue. Of course, we are 5 of the worlds population. We have to trade with the other and we need to have smart, fair trade deals. Need to have ah, tax system that rewards work and not just financial transactions. And the kind of plan that donald has put forth would be economics all over again. In fact, it would be the most extreme version, the biggest tax cuts for the top percent of the people in this country than weve ever had. I call it trumpedup trickle down, because thats exactly what it would be. That is not how we grow the economy. We just have a different view whats best for growing the economy, how we make investments that will actually and rising s incomes. I think we come at it from somewhat different perspectives. I understand that. You know, donald was very and unate in his life, thats all to his benefit. With arted his business 14 million, borrowed from his father, and he really believes you help wealthy people, the better off well be, and that everything will work out from there. Buy that. I have a different experience. My father was a small businessman. Worked really hard. He printed drapery fabrics on out tables where you pull those fabrics and he went down with the silk screen and dumped the paint in and took squeegee and kept going. So what i believe is the more we can do for the middle class, we can invest in you, your education, your skills, the better we will be off and the better well grow. Thats the kind of economy i again. To see lester holt let me follow up with mr. Trump, if i can. You talked about creating 25 promised obs and you to bring back millions of jobs for americans. How are we going to bring back the industries that have left this country for cheaper labor overseas . How specifically are you going american manufacturers that you have to come back . Donald trump well, for one thing, and before we start on that, my father gave me a very small loan in 1975 and i built worth o a company thats many, many billions of dollars with some of the greatest say ts in the world, and i that only because thats the kind of thinking our country needs. Our country is in deep trouble. Know what were doing when it comes to devaluations and all of these countries all over the world, especially theyre the best, the best ever at it. What theyre doing to us is a very, very sad thing. So we have to do that. We have to renegotiate our trade deals. Lester, they are taking our jobs. Theyre giving incentives. Theyre doing things that frankly we dont do. Let me give you the example of mexico. They have a vat tax. Were on a different system. Where we sell into mexico is a tax. Where they sell an automatic 16 approximately. When they sell into us, theres tax. Its a defective agreement. A long en defective time, many years, but the politicians havent done anything about it. Now, in all fairness to secretary clinton, yes is that okay . Good. Very happy. To be [laughter] its very important to me. To secretary ss clinton, when she started talking about this, it was really very recently, shes years, oing this for 30 and why hasnt she made the agreements better . The nafta agreement is of the ve just because tax and many other reasons, but just because of the tax interrupt t let me just a moment. Donald trump secretary clinton and others, as politicians, should have been doing this for now, because ight of the fact that weve created a movement. They should have been doing this for years. To our jobs and our country and our economy look, we owe 20 trillion. It any longer, lester. Lester holt back to the question, though. How do you specifically bring jobs, american manufacturers, how do you make them bring the jobs back . Donald trump the first thing let the jobs t leave. The companies are leaving. I could name there are thousands of them. Leaving. And theyre leaving in bigger numbers than ever. And what you do is you say, you want to go to mexico or some other country, good luck. We wish you a lot of luck. Going you think youre to make your air conditioners or your cars or your cookies or you make and bring them into our country without a tax, youre wrong and once you tax youre going to have to them coming in and our politicians never do this, special they have interests and the special interests want those companies to leave because in many cases companies. The so what im saying is we can stop them from leaving. We have to stop them from thats a big, big factor. Lester holt let me let in. Etary clinton Hillary Clinton well, lets stop for a second and remember ago. Re we were eight years we had the worst financial crisis, the great recession, the worst since the 1930s. That was, in large part, because of tax policies that wealthy, axes on the failed to invest in the middle took their eyes off of wall street and created a perfect storm. Fact, donald was one of the people who rooted for the housing crisis. Back in 2006 gee, i hope it does collapse because then i can go in and buy some and make some money. Well, it did collapse. Donald trump thats called way. Ness, by the Hillary Clinton 9 Million People lost their jobs. 5 Million People lost their trillion dollars in Family Wealth was wiped out. Come back from that abyss, and it has not been on the o were now precipice of having a potentially much better but the last thing we need to do is to go back to the policies that failed us in the first place. Independent experts have looked at what ive proposed and what donalds proposed, and basically theyve that if his tax plan which would blow up the over 5 trillion, and instances some disadvantage middle class families compared to the into hy, were to go effect, we would lose 3. 5 million jobs and maybe have recession. Theyve looked at my plan and said, okay, if we can do to get it d i intend done we will have 10 million more new jobs, because we will investments where we can grow the economy. Take clean energy. Thee country is going to be Clean Energy Super Power of the 21st century. Donald thinks that Climate Change is a hoax perpetrated by the chinese. Real. Nk its donald trump i did not, i do not say that. Hillary clinton and i think its important that we grip and deal with it, both at home and abroad. And heres what we can do. A billion loy a half more solar panels. We can have enough clean energy to power every home. A new modern electric grid. Thats a lot of jobs. Thats a lot of new economic activity. So ive tried to be very specific about what we can and do, and i am determined that were going to get the economy really moving again, building on the progress weve made over the last eight years, back to what ng got us in trouble in the first place. Lester holt mr. Trump . She talks about solar panels. Solar ested in the company, our country, that was a disaster on that one. Now, look, im a great big believer in all forms of energy but were putting a lot of people out of work. Our Energy Policies are a disaster. Our country is losing so much in terms of energy, in terms of paying off our debt. What youre trillion o do with 20 in debt. The obama administration, from the time theyve come in, is 230 years worth of debt and hes topped it. Hes doubled it in the course eight years, 7. 5 years to be semiexact. You this. Tell we have to do a much better job jobs, and we ur have to do a much better job at giving companies incentive to companies or to expand, because theyre not doing it. And all you have to do is look and look at ohio and look at all of these places of their jobs and their companies are just the ng leaving, theyre gone. And hillary, i ask you this, youve been doing this for 30 years. Why are you just thinking about these solutions right now . 30 years youve been doing it and now youre just starting to think about solutions. Me, i will bring back jobs. You cant bring back jobs. Hillary clinton well, actually, i have thought about bit. Quite a donald trump yeah, for 30 years . [laughter] Hillary Clinton well, not quite that long. I think my husband did a pretty good job in the 1990s. I think a lot about what worked make it work n again. Donald trump well, he approved nafta. Trade deal worst ever approved. Hillary clinton incomes went up for everybody. Manufacturing jobs also went up 1990s, if were actually going to look at the facts. When i was in the senate, i had of trade deals that came before me. And i held them all to the same test. Will they create jobs in america . Will they raise incomes in america . For our they Good National security . Some of them i voted for. A e biggest one, multinational one known as against. I voted and because i hold the same standards as i look at all of these trade deals. But lets not assume that trade is the only challenge we have economy. I think it is a part of it, and ive said what im going to do. Special g to have a prosecutor. Were going to enforce the trade deals we have, and were going to hold people accountable. When i was secretary of state, we actually increased american globally 30 . Them to china 50 . So i know how to really work to get new jobs and to get exports help to create more new jo jobs. Donald trump but you havent done it in 30 years or 26 years. Hillary clinton ive been a senator. Donald trump you havent done it. Hillary clinton and i have secretary of state and i have done it. Donald trump your husband signed nafta which was one of ever orst things that happened to the manufacturing industry. Hillary clinton that is your opinion. Donald trump you go to new england, ohio, pennsylvania, go anywhere you want, secretary clinton, and you will see devastation, where manufacturing is down 30, 40, sometimes 50 . Worst trade deal maybe ever signed anywhere but certainly ever signed in this country and now you want to approve transpacific partnership. You were totally in favor of it. Then you heard what i was is, and you bad it said i cant win that debate. But you know that if did you approve that, and that would be almost as bad as nafta. Nothing will ever top nafta. Hillary clinton well, that is just not accurate. It once it was finally negotiated and the terms were laid out. I wrote about that in theald trump you called it Gold Standard. You called it the Gold Standard of trade deals. Its the finest deal youve ever seen. Hillary clinton no. Donald trump and then you heard what i said about it and all of a sudden you were it. Inst Hillary Clinton well, donald, i know you live in your own reality [laughter] that is not the fact. The facts are, i did say i hoped it would be a good deal it was negotiated which i was not responsible for, i included it wasnt. I wrote about that is it trump so president obamas fault . Is it president obamas fault. Hillary clinton i wrote that you even announced. Donald trump is it president obamas fault . Because hes pushing it. Hillary clinton there are views about whats good for our country, our in nomy, and our leadership the world. And i think its important to look at what we need to do to going again. Omy thats why ive said new jobs with rising incomes, in more tax not cuts that would add 5 trillion debt. Rs to the donald trump but you have no plan. Hillary clinton oh, i do. Donald trump secretary, you have no plan. Hillary clinton i have written about it. Its called stronger together. You can pick it up tomorrow at or an airport near you. But its because i see this. Growth, to have strong fair growth, sustained growth. We also have to look at how we families balance their responsibilities at home and the responsibilities of business. So we have a very robust set of plans, and people have looked plans, have our concluded that mine would create 10 million jobs and lose us 3. 5 million us nd expose you are going to approve one of the biggest tax cuts in history. You are going to approve one of the biggest tax increases in history. You are going to drive business out. Your regulations are a disaster, and youre going to increase regulations all over the place. By the way, my tax cut is the biggest since ronald reagan. It. M very proud of it will create tremendous numbers of new jobs. But regulations, you are going businesses these out of existence. When i go around lester, i tell you this. Ive been all over. And when i go around, despite things that the business that people like the most is the fact that im cutting regulation. Have regulations on top of regulations, and new companies and Old Companies are going out of business, and you want to increase the regulations and make them even worse. Im going to cut regulations. Im going to cut taxes, bigleague, and you are going to raise taxes bigleague, end of story. Lester holt let me get you to pause right there because were going to move into the next segment. Hillary clinton that cant i kind of assumed that there would be a lot of these claims, and so donald trump facts. Page have taken the home of my web site, hillaryclinton. Com and turned checker. A fact so if you want to see in real time what the facts are, please go and take a look. Take a look and at mine also. Hillary clinton it will not and a penny to the debt your plans would add 5 trillion to the debt. Proposed would cut regulations and streamlined them for small businesses. Would be ve proposed paid for by raising taxes on wealthy because they have made all the gains in the its time d i think that the wealthy incorporations paid their fair share to support this. Opened holt you just the next segment. Donald trump could i just finish . Our web site. Take a look at our web site. Shes going to raise taxes 1. 3 trillion dollars. And look at her web site. You know what, its no different than this. Telling us how to fight isis. Go to her web site. Telling us how to fight isis. I dont think general Douglas Macarthur would like that too much. Hillary clinton at least i have a plan to fight isis. Donald trump no, no. Telling the economy everything youre wanting to do. Hillary clinton no were not. Donald trump youre telling the economy everything you want to do. No wonder youve been fighting isis your entire adult life. Thats a gon to the fact checkers. Go to work. Are unpacking we a lot here and were still on the issue of achieving prosperity and i want to talk taxes, the fundamental difference between the two of you concerns the wealthy. Secretary clinton, youre tax increase on the wealthiest americans. Id like you to further defend that and mr. Trump, youre tax cuts for the wealthy. Id like you to defend that in this next two minute answer to you, mr. Trump. Donald trump well, im really calling for major jobs because wealthy are going to create tremendous jobs. Theyre going to expand their companys and do a tremendous job. Getting rid of the carried interest provision and if you really look, its really not a thing for the wealthy. Its a great thing for middle class and its a great thing and companies to expand when these companies are going to put billions and billions of dollars into companies and when theyre going to bring 2. 5 trillion dollars back from overseas, they cant bring the money back because politicians like secretary clinton wont allow them to bring the money taxes are so the and the bureaucrat red tape is so bad, so what theyre doing is leaving our company, and theyre believe it or not because taxes are too high and because some of them have lots of money outside of our country and instead of bringing it back and putting the money to work because they cant work out a deal it and agrees it should be brought back, instead of that, theyre leaving our country to get their money because they cant bring their money back into our country because of bureaucrat red tape because they cant get together. Because we have a president that cant sit them around a table and get them to approve something and heres the thing, democrats agree that this should be done. 2. 5 trillion. Its double think that. Its probably 5 trillion that we cant bring into our country, lester and with a little leadership, youd get it in here very quickly and it put to use on the inner cities and lots of other things and it would be beautiful, but we have no leadership. And honestly, that starts with secretary clinton. Lester holt you have two same question to defend tax increases on the wealthiest americans, secretary clinton. Hillary clinton i have a by the end of this evening im going to be blamed for everything thats ever happened. Not . Ld trump why [laughter] Hillary Clinton yeah, why not . Debate w, just join the by saying more crazy things. Donald trump theres nothing crazy about not letting our Companies Bring their money into this country. Lester holt this is secretary clintons two minutes, please. Hillary clinton lets start again, lester. Weve looked at your tax proposals. Changes in the Corporate Tax rates or the kinds of proposals youre to that would cause a repatriation, bringing back of stranded overseas. I happen to support that. A happen to support that in way that will actually work to our benefit. But when i look at what you proposed, you have what is called now the trump loophole, because it would so advantage you and the business you do. Proposed an approach donald trump who give gave it that. Hillary clinton youve presented a 4 billion tax benefit for your family. Donald trump how much for my family . Hillary clinton as i said, lester, it is trumped up trickle down. Trickle down did not work. Into the mess we were in in 2008 and 2009. Slashing taxes on the wealthy hasnt worked and a lot of really smart, wealthy people they are saying, hey, we need to do more to make the contributions we should be making to rebuild the middle class. I dont think topdown works in america. The middle lding class, investing in the middle debtfreeaking college so more young people can get their education, helping people tax, their debt from college at a lower rate. Those are the kinds of things boost the really economy. Broadbased, inclusive growth america, notneed in more advantages for people at the very top. Lester holt mr. Trump. Donald trump typical politician, all talk, no sounds good, doesnt work, never going to happen. Is suffering because people like secretary bad ton have made such decisions in terms of our jobs and in terms of whats going on. Now, look, we have the worst revival of an economy since the depression, and believe me, were in a bubble right now, and the only thing that looks good is the stock market. But if you raise Interest Rates even a little bit, thats going to come crashing down. Big, fat ugly bubble, and wed better be awfully careful, and we have a fed thats doing political things. Janet yellen of the fed, this fed is doing political by Interest Rates at this level and believe me, the day obama goes off and he leaves coursees off to the golf the rest of his life to play golf, when they raise Interest Rates, youre going to see s