details. we begin with aei scholar, marc thiessen. how are you? hi, martha. martha: what did you make of the comments? it s a tale of three democrats. bill clinton said the era of big government is over. barack obama said the era is big government is back. joe biden came to office and said hold my beer. this is the suggestion this is a continuation or finishing the job of the obama administration is absurd. in 2009, barack obama s entire stimulus to respond to the great recession was $787 trillion. that was billion, rather. that was considered a massive amount of money. today democrats consider that chump change. when the republicans came up with an $800 billion infrastructure, they said it s not serious. come back when you can put a t on that.
number one he said which is kind of a q and a. which country has the largest carbon emission reduction? america? who has dumped the most carbon into the air, the china. the president writes. number 3, 91% of the world s population are exposed to air pollution above the world s health organization suggested level none are in the u.s.a. ainsley: what s the price breakdown of the 2020 candidates of climate proposals? most expensive climate proposal is bernie sanders comes in at number one with $16.3 trillion. kamala harris is after him at 10 trillion and julian castro coming in at third at 10 trillion. andrew yang is giving everyone $1,000 a month and he is giving the climate reduction team $4.87 trillion. cory booker, he is going for baby bonds and going for $3 trillion. elizabeth warren just $2 trillion, so she is the budgeter. mayor pete 2 trillion, and joe biden said what are we talking about again and said oh, yeah, make it 1.7.
we had a pretty good period before that of markets not being very volatile, you get the panic and the reality is panic, panic and you bounce back the other way and then that volatility makes people still jittery, and then after a while, reality takes over. it s markets like to bounce around. neil: so what s the reality now? the consensus view, you always challenge that, made a lot of money for you and your investors going ahead and challenging consensus, is that the prospect that no trade deal with china or one that s significantly delayed is going to be a negative for the market. do you agree with that? so tariffs are a negative. i ve said this before on your show a time ago last year when this was first starting. but they re a little negative in the scale of the size of global trade. in that, we have an 87 trillion dollar global gdp. we have a world that s growing at a few percent real and a
that s a huge number. we have other numbers on top of it in terms of how much to spend. well beyond what the president said it would be which was now it s three times the estimated costs it was. david webb is the cbo, right. supposed to be nonpartisan. saying it will bankrupt the country. they are right when you need them right, wrong when uh i don t need them to be wrong. what we have is an argument over who s right and who s wrong. will the s look at the numbers for what they are. the unfunded liabilities, 75 years. $87 trillion and growing. by the way, that s debt that acus interest. $90 trillion on top of the $17.5 trillion we have now. not enough money on the planet. on the entire globe to support what we have in unfunded
years raising taxes.e that is a huge number. woefr numbers on top of it. it is well beyond what the president said it would be.w which is three times the estimated cost than what it was. david web is the ceo supposed to be nonpartisan saying it will pretty much bankrupt the country. if they are liberal they are right when you need them to be right wrong when you need them n to be wrong. we have to get past the argument, that you know. what we have is this argument over who is right and who is wrong. let s look at the numbers for t what they are. our unfunded liabilities $87 trillion and growing. > 90 trillion on top of the flaf we have now. what we are talking about isl not enough mroney on the planet or the entire globe to support e what we have in unfundied liabilities. china is not giving up the money saying we will take it flat.