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When they look at where we are and the tactics the president has used, a tariff war, are farmers pleased with what the president is doing? >> well, stephanie, earlier you were talking about the recession. i can tell you this, the farmers are facing a depression basically due to the president's policies and how he's trying to take on china. you know, at the farmers union, we agree we have to look at china and try to get some reforms if at all possible, and most of that is set through the intellectual property rights. but taking china on by ourselves, that was a huge mistake. if we're going to d...

Toilet paper? he treated it like some kind of a charade of some sort. i don't think any one of us on this panel are championing or cheering for the economy of the united states to go down. it's everyday working people who are impacted. our issue and i'll speak for myself here -- my issue is this president has taken credit from day one for all of the hard work done by president barack obama and now that his economic policies are beginning to show impact, he doesn't like it. he's the one that started this tariff war. he's the one that gave away the topple tax break to the top 1% of americans, th...

These chinese tariffs. this tariff war has been really hard for corporations in my district who are trying hard to plan for the next five years, the next ten years, the next 15 years, and are finding themselves unable to do so and the president says, well, he's not going to do the tariff war until after christmas because he knows it's another tax on consumers. and so we see him holding off until after christmas for some of this trade war which makes it seem like it's just some partisan maneuvering and not really helpful to our economy. >> phil, i want to play part of your exchange with the pre...

Until they have to pay for this president's policies. the president is pushing this all of us have gotten it in our inbox, these get-rich schemes. if you do this quick, send some money and we'll make you this much money. this president inherited a good economy from president barack obama. the obama administration had to rescue us from the ditch. put us back on track. led the way to the most sustained long-term job growth we had seen. now this president has come in with whatever you want to describe as economic policy, certainly don't pay attention to the facts. we heard that in the earlier seg...

Campaign, mark zammi. he is the chief economist for moodies. i'm also joined by jennifer rubenstein and john harwood, host of the cnbc digital series "speakeasy with john harwood." make sense of what is going on today. not the president's tweet, but about what happened that has caused the biggest percentage drop on the market this entire year. >> well, i think investors are coming to the conclusion that recession risks are uncomfortably high and rising. and the principle reason for that is the president's tariff war, trade war. it's doing a lot of damage to the economy. business investment has...