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Relative decline. >> we had high unemployment and high inflation. which at the time was thought to be impossible under the existing economic orthodoxy. it required something new to change that problem. >> if we can lower the rate of increase in government spending, up there ahead is daylight. >> today we have found 72% of the savings that we would have to achieve in order to meet that $53 billion reduction target. >> reaganomics was if you give what they call the visiting class the money, then it would trickle down to the bottom of the pile and cutting taxes would increase revenues. >> the pre...

Ethically, the president has an obligation not to intervene and commerce because of the ramifications it can have with some of the stock market. >> amazon lost $53 billion last week after reports the president was obsessed with regulating it. conflict of interest considerations were also raised it today. amazon is a bidder for a new pentagon cloud computing contract. >> the president is not involved in the process. dod runs the competitive bidding process. >> radio talk show host, mark levin, a frequent trump supporters, told his listeners of the president is wrong on this one. >> i can imagin...

A report on the president and amazon caused the company's stock to tumble roughly $53 billion. as that report said, is the president looking for ways to go after the internet retail giant? >> we have no announcements and no specific policies or actions that we're currently pushing forward or taking. >> an announcement specifically. has the president been looking for ways to go after amazon? treasury secretary steve mnuchin says the white house does favor an internet sales tax. is that something that the pressure is pushing for even behind closed doors? >> the president has said he's always loo...

Across the board and people actually making things in america again due to deregulation, due to the tax cuts. we expect business in america to grow and, therefore, the trade component to grow as well. >> as for the automakers, do you believe the actual number of vehicles sold will increase dramatically as a result of this trade deal? last year 11,000. the new number 50,000. by next year will we see a dramatic increase in that number? >> look, this wasn't something that happened overnight. this is certainly a step in the right direction to help remove the trade deficit that we have. we're very ...

Roughly $53 billion. is the president, as that report said, looking for ways to go after the internet retail giant? >> look, we have no announcements and no specific policies or actions that we're currently pushing forward or considering taking. >> i'm not looking for an announcement. has the president been looking for ways to go after amazon? treasury secretary steve mnuchin has said the president does favor an internet sales tax. is that something the president is pushing for, even behind closed doors? >> the president has said many times before, he's always looking to create a level playing...