Debt Double News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> it's a new economy. you've seen a spike because of the tax cuts. but any objective analysis has shown that the job growth through the recession had ended well under obama and it's continued. this trade war that trump is creating has a big-time effect on hurting us in the long-term. these unpaid for tax cuts are going to hurt us in the long term. >> laura: how is it hurting you in the long-term? do you think it is sustainable to have a $380 billion trade deficit with china, that's sustainable? >> no, it's not -- >> laura: what did obama do to turn it around? i think it is cliche. politics is...

The debt double under obama. the people are going to have to decide whether they want to go forward with economic advancement or backwards. democrats are going to have the historic edge. great to have you on. >> good to be back. >> laura: dramatic new evidence in the accusations of domestic abuse by dnc co-chair, keith ellison. will democrats finally speak out? we have new details next.

Are. >> john, do you worry that the media and that negativity and that pessimism can actually talkdown people's feeling good and hurt the economy in the process? >> no. because i don't think anybody listens to them anymore. they don't. i mean, used to be when you saw something in "new york times" or saw something in your local newspaper you believed it. now i don't think people believe it. and i think for very good reason. at best they're skeptical. and i think that's good. it's also bad because it's led to a lot of fake news being out there, but that also adds to the fact that no one believes...

Studying. and i remember thinking when this came out, this 90% came out, when they said the tipping point was 90%, i remember thinking the home economic example is so contrary to that. i realized what they were saying in effect was that a household is capable of carrying much, much more debt than a government. because it is not at all unusual in this country for households to have debt double or triple or quadruple their annual inkk, and still be economically healthy. they can carry that size debt in the form of mortgages. a family of $100,000 income can often very reasonably afford to buy a $...