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So donald trump is going about, once again -- and this is often the case when he's talking about manufacturing and coal and the environment. he's going about this as if it is a 1950s world where trade flows were 5% of gdp. >> david, the problem is that it is a fundamental misunderstanding of trade. but it is appealing to what appears to be a third of americans who are maybe justifiably angry at the fact that while we traded away certain manufacturing jobs for lower prices around the world and while consumers enjoyed this for the last 30 or 40 years, we didn't do enough to figure out how it is ...

People laugh at that and they know you can't take him on his word. how these farmers and manufacturers can rely on donald trump, it doesn't make thence. that's how the rest of the world is looking at us. >> go ahead. >> i think there is actually even a more fundamental problem or at least a more fundamental misunderstanding of what globalization is in 2018. it is no longer the case, and i'm sure this is the way donald trump thinks about it, that everybody is in their isolated space. in fact, globalization is now this incredible omelet of supply chains that you can't unscramble. if you actually...

I mean, i have been watching jerod for years and decades. he's been talking about how to have a progressive economy and policy that would bring, you know, the wealth that the country generates to all sections of the country. it is true that we haven't had enough of that in both republican and democratic administrations. trump comes in, make america great again. i'll have a trade war. he sells bumper sticker slogans. it appeals to people because they are desperate for better conditions. >> the two of you are exactly right. donald trump has identified a problem. not only does he have no idea how...

Idea that electing democrats is impeaching the president. if the democrats take back the house, they will start going after the president. he's in political jeopardy if this robert mueller investigation has teeth to it and actually sticks to him. >> what is the best plan for a guy like you who has been looking at this russia problem since the inception, since we first learned about it? what's the best outcome? but in the interest of our republic, in the interest of getting to the root of what is wrong, what russia and others may be doing to our democracy, what is the best outcome here? for a q...

With donald trump. >> i don't know why, because donald trump isn't negotiating for donald trump. donald trump today is the united states today and tomorrow and forever. he's negotiating for all of us. and so he will need to deal with china again. and the next president will need to deal with china again. and it goes on and on. we are in an integrated world. we're not simply buying a high-rise. >> which is part of what the problem is when he talks about how he's going to -- vladimir putin's a great guy, he's a fine guy. it's not actually about the personal relationship right now, it's about som...