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Americas Newsroom With Bill Hemmer and Sandra Smith-20190829-14:48:00

was revised. personal consumption, you know that consumer that is getting beat up? soared. i can't find a higher number. i went back five or six years. i'll have to pull up an all-time chart. it was driven by durable goods. things we buy that last three years. big ticket items. refrigerators and cars is what we were buying. the american consumer getting crunched by tariffs. who knows? you can say these things and a lot can change in a year. but at this very moment forgetting about negative speculation the facts are the american consumer is very strong and carrying not only our economy but the world economy. >> sandra: gee, charles. >> something political said. we're doing great right now as a country. >> sandra: thank you. breaking story this hour the inspector general released the report on james comey.

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Detailed text transcripts for TV channel - MSNBC - 20110511:19:18:00

under president clinton, taxes were raised and the economy grew by an average of 4%. so wouldn't it be a much more responsible way to approach the deficit by balancing some tax cuts with some -- sorry, balancing cuts with some tax rises? >> again, martin what history tell me -- and i think what history tells most people is -- when you cut taxes on people, billionaires, millionaires, and all of us, the economy grows. jobs are created. news businesses start. >> mr. walsh, i'm sore troy interrupt you for a moment i was referring to history. that was during president clinton's presrency. >> martin, refer to what john f. kennedy did in the '60s. refer to what reagan did in the '80s. taxes were cut, and government revenues, martin, soared, soared. we've always had issues when it comes to a debt or a deficit when it comes to spending. president clinton was fortunate in that a republican congress took observe the house in '94

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