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External indicators. these warnings of an economic slowdown, he's pushing ahead with the message that the economy is phenomenal. is there a sense from you that he is in denial, and what does that mean for the economy? >> it certainly seems that way. the gun fighter's say don't pick seven fights while carrying a six-shooter. the president is flying to a g-7 meeting. if you were going to confront china, the first thing you'd think is let's get some allies and get the whole developed economies of the world to join us. but we've threatened trade wars and sanctions on pretty much all the other memb...

President saying that? >> again, it's back to certainty. certainty is the cheapest stimulus that there is to strengthen an economy and we have the opposite of that right now. listen, i think and many people think that it was right to take on china for a number of issues, from unfair trade practices to security threats to theft of intellectual property, so this is not something we should be ignoring, but you need a strategy, objectives and transparency on what you're trying to accomplish. yet we have a president whose negotiating strategy is chaos and don't let anybody understand what's happeni...