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Chinese retaliation. >> understood. that was the same rationale used for the previous bailouts. i want to do one last thing, gdp. the commerce department announced on friday gdp is 2.1% in the third quarter of 2019. here is what president trump promised it would be back in 2017. >> the economy now has hit 3%. nobody thought it would be anywhere close. i think we can go to 4, 5, maybe 6% ultimately. >> it has not hit 4, 5, or 6%. >> the 3 it did yeah. >> it's at 2.1. >> in the third quarter. fourth quarter is looking better than that right now but there's definitely a thing that happened this y...

The business cycle. we don't have a strict inversion of the yield curve. what we have is a flat curve, which is a much less of a sign of recession. and the problem is the federal reserve policy. we're growing a little over 2% last quarter. we should have hit 3%. and the problem is the federal reserve raised rates too fast -- >> do you or the president take any responsibility whatsoever with the tariffs for the uncertainty is market has been feeling. >> so the first quarter gdp growth got us growth on china. the tariffs are working to bring china to the table. so far consumers have not -- >> ar...

As the president often promises. >> if we achieve sustained 3% growth, that means 12 million new jobs and $10 trillion of new economic activity over the next decade. that's some numbers. i happen to be one that thinks we can go much higher than 3%. there is no reason why we shouldn't. the economy now has hit 3%. nobody thought it would be anywhere close. i think we can go to 4, 5, maybe even 6% ultimately. >> growth under president trump has continued at a very steady pace but with no acceleration from trump's policies. back with me the politics editor for the root.com jason johnson and the as...

And abroad. when those words or actions don't pan out or end poorly, he wants you to know one thing. it is not his fault. for instance, his big promise on the economy >> the economy has hit 3%. nobody thought it would be anywhere close. >> i think we can go to 4% or maybe even 6% of the middle east. >> we wfinished off 3.1. if we did not have somebody raising interest rates and do quantitative taking. we would have been over 4. >> or his campaign ad on obamacare. >> we'll repeal and replace obamaca obamacare. >> why is he doing this? >> he wrote against repeal and replace. he's been campaignin...