their budget that came out late on friday sandra: which we have. less than 2%. after all of this stuff, transformation, everything they want to do, no growth. it isn t worth it. if that s all you have sandra: can you imagine the criticism of the trump administration? if that is all you got, why are you doing this stuff? even the obama people back in the old days when they had trillion dollars stimulus package which, in those days, was big money. it that s not big money today. they said they would produce 4% growth. these guys are saying were not even going to hit 2% growth except for this recovery year from the pandemic. sandra: and that s optimistic, isn t it? people will not get higher
punching against his own fed chair more aggressively than he has in the past and then saying that this afternoon he s going to retaliate to china s retaliation on trade. you know, let s dial back to the beginning of the week, ali, if we might. i have to characterize it as a bit of a chaotic week for the white house in terms of economic policy. we began maybe i guess i ll call it with the greenland stimulus package which, seemingly, went nowhere. then there was discussion about whether there would be a tax cut, a payroll tax holiday of some sort. it was on the table. it was off the table. we need it, no, we don t need it, the economy is fine. and talk about maybe lowering or indexing capital gains taxes. and then we fast forward to this morning when the chinese announced that they are going to put a 10% tariffs on a lot of u.s. goods beginning september 1 to match the tariffs that the united states announced some weeks ago. this clearly inflamed the president. he didn t like it.