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Stepping in saying we need safety nets for borrowers because sometimes you borrow. you do what you're supposed to do, you get that degree but it doesn't pay off. we should have fixed those systems. in fact, we already had them in place. they needed work. they weren't working that well, but my feeling is the motivation for the stuff that was taken was not at all in policy, not at all to help people truly struggling but rather entirely politically motivated. >> what do you do, beth, to tamp down those costs that really do not have downward pressure on them? >> i think we've got to start telling ...

Doing phenomenally well. but a lot of people. >> president trump is campaigning on the economy and says his economic policies will mean sustained growth in the years ahead. it's an issue that's likely to be top of mind for voters going into next november. leland: james carvell said in 1992, it's the economy, stupid. allysia: here to talk more about the economic outlook, former staff economist under george w. bush, beth acres, coining us from the state of you'd you tau. thank you -- utah. thank you for being here on this saturday. >> thanks for having me. allysia: i'd like you to take a listen ...

And that's reflected in the fact they're showing a lot of confidence in the polls rights now. i think voters are going to have to say quite frankly that this is a strong economy that we're in and that's something that is in favor of president trump as he goes into the 2020 election cycle. allysia: we do have a softening global economy that we'll be facing in 2020. how much of an impact do you think we'll feel at home? >> it's definitely a concern, something that jerome powell has mentioned when discussing federal reserve policy. businesses that are involved in international trade obviously hav...

For a rate cut, et cetera, especially at the beginning of his administration every tweet you could sort of peg to a different change in the dow, especially during trading hours. now it seems as though there's been a divergence. >> yeah. so the funny thing about the stock market is that it doesn't respond to positive or negative news in a positive or negative way. what it responds to are things that are surprising. i think we've all come to be sort of used to the president tweeting on these sort of things and so to the extent that it's not coming as a surprise to investors, they've probably alr...

And how much better it will get if he gets a second term. former white house staff economist, council of economic advisors for the george w bush administration, beth acres joining us now. always appreciate it. looks like the president's going to get his wish this week, quarter point drop in the fed rate. for a president who keeps saying the economy is so good, give me another term, that's got be a big gift. >> yeah, definitely. so whether or not this rate cut is really needed is a bit up for debate right now. we saw jerome powell come and testify before congress and express concerns about wher...