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Market crash in 1987. alan greenspan comes in and cuts interest rates and setting the stage for george h.w. bush to get elected. so sarge, to you, on the political fallout from this, it's based on the notion that it's rarely one and done. there's normally other cuts to follow when one is started. do you agree with that? >> i do agree with that. i do think that we need another cut or two. i think you can look at history. in 84, you had a popular sitting president. right now we have a president that is not very popular with half the country. maybe very popular with the other half. right now, it'...

Be perfectly candid. i think china has been hurt more than we have. the stock market crashed for a while, our stock market went down, head its collection, came back on better news. there's a lot of good economic data out there, i hate to say it, china orono china, we have a very good at purchasing managers report today, consumer confidence is back up. we had big job gains for the month of january, we had a new report on february, wages are rising, it's the best blue-collar manufacturing story since ronald reagan -- these are terrific things. the rollback of red tape and deregulation, the trade...

Americans, blue collar americans. and the first chart is core capital goods orders and the second chart the core capital goods shipments. and if you look at it, the blue, again, shows a clear downward trajectory in billions of dollars and then that trajectory reversed itself completely when president trump was elected. physical you are going to assert that the current good news is just the extension of a recent trend, then you just simply would be factually incorrect. the next slide, please. here we're looking at the ism purchasing manager's index, which is a survey of people who are purchasin...

Chart is core capital goods shipments. and if you look at it, it shows a clear downward trajectory and billions of dollars and that trajectory reversed itself completely wench president trump was elected. if you are going to assert that the current good news is just the extension of recent trend then you just would simply be factually incorrect. the next shot slide. here, we are looking at the ism purchasing manager index which is a survey of people who are purchasing managers for manufacturing firms. they are the folks that, as the title suggests, manages the purchases. it's a great indicator...

Be true, it is dishonorable. it is disgraceful and i will not tolerate it, period. >> can i take this one? >> sure. >> okay. fine. i will not tolerate it, i won't stand for it, but you stopped short. or else what? or who's going to get fired? is anyone going to get fired? i listened to the whole press conference. he never said that. >> yeah. >> he never said, heads will roll, these people will be fired. they'll be removed. by the way, wait till we find out how many people are stealing money from the v.a. wait till we find out how many people are purchasing managers and what not. and they're li...