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crunched the numbers and found the dow in the first 11 months in the obama administration grew by 29.9% and 25% under trump. as for the s&p, by 36.9% in obama's first 11 months and 18.4% in trump's, joe. there you have it. there are the numbers. >> wow smrks. >> the core of president trump's argument, that the stock market is up, unemployment is down and the economy is humming along. >> it's interesting. i'm not really good with numbers but it looks like barack obama almost did twice as well with the s&p, the performance almost doubled. i'm not really good at math but i think 36.7% is almost twice as much as 18%, mike barnicle. >> yeah. and looking at -- i'm not good at math either, joe. >> no, you're not. >> but i'm buying into what you're saying. look, obama's first year, first two years, we were digging
would a democratic congress say we'll keep those in place? is there part of this you keep in place? >> we have to look at that. certainly there may be access that would help benefit the people we care about the most, working men and women trying to make ends meet. i can tell you that this bill focuses primarily on the wealthiest of this nation, richest people in this country, including donald trump and his family. they benefit the most, by far, of anyone in the passage of this tax bill. democrats are not our focus. the focus will be working men and women, people struggling to make ends meet. people who are felt forgotten certainly by this president and republican congress now. >> congressman joe crowley, representing the 14th district of new york. thank you so much. ramisha alsinder, if the president signs it and has a press conference later today. we look toward friday at
we believe you're messing up america. you could pay attention for a couple of minutes. >> do you believe there is a need for republicans to go out and sell this bill? >> absolutely. we are look forward to it. my view of this, if we can't sell it to the american people we ought to go to another line of work. >> mcconnell believes they have work to do to convince the american public. the tax bill passed the senate early this morning on a party line vote. earlier the house thought it passed but procedureral violations. president trump says he will take reporters questions this afternoon. good morning. it's wednesday, december 20th. we have caddy k. and nbc news
don't want to shut down the government in the middle of the holidays and republicans are saying we can pass this short-term spending bill and get into the bigger spending bill next year. >> always good to have you, yamiche. joe? >> i want tocircle back to the president's speech on foreign policy. what was your takeaway from that? >> he's going to make america great again. what are you talking about, joe? >> yes, of course. >> you know, i have a hard time refracting donald trump through traditional modes of thinking about foreign policy. i don't think he particularly understands america's role in the world, historic role in the world, moral role in the world. the most surprising aspect of this, to me, was the pivot away from his previous china policy, which i suppose was a pivot away from his previous previous china
think our country is in danger and he's unstable and as a result i'm going to put democrats in office sh. >> i want to add something to what she said, very important point. it boils down in 2018 to what democrats can go in front of the voters and say is simply this. did republicans just give corporations a larger tax break than they gave you? say that over and over and over again. tactically, i don't see how that's a lozer for the democrats. >> chairman of the house democratic caucus, joe crowley of new york. congressman, good to see you as always. your reaction, first, to the passage of this bill. it will have to be voted on again because of a couple of provisions in the house today. it will pass. you called this bill a scam. what specifically about the bill do you object to? >> i think it was a bait and switch on a proportion we've never seen before. the president said that he would help the middle class. he campaigned on that in middle america. and, in seveessence, what he's g and what the republicans are doing is giving a huge tax
we haven't communicated this enough. this is, in fact, a middle class tax cut. what president trump calls a great christmas gift. critics say it benefits wealthy people. there is the repeal of the individual mandate, they have obamacare, it's all wrapped into this bundle. so what's the truth about who benefits from this deal? >> well, i think in part they haven't messaged it. because it's hard to message. it's incredibly complicated. and you can argue it in many ways from both sides who it helps t. top lines the corporate rate cut is really the central piece of this from 35% to 21%. now, real tax rates are a little bit different, economicled for each company involved. but this does simplify that overall. it does make adjustments to individual tax cut rates. so most people will see a top line rate cut as part of this bill. they will receive help from an increased child tax credit. that's something marco rubio fought for as kind of the last
i'm not sure that's where the base of the party is, the base of the democratic party wants us to fight for them. they want people to stand lock step with them. not give an inch in this political environment. it may not be the right thing, maybe what we want is more compromise, that's not where the party is at the moment. i don't know if lead, kab on this one, will they be seen as being democrats who historically attended, a rollover in the face of republican toughness and unity, that's not where the party is. >> they won't, joe is exactly right no. matter what happens the republicans will get blamed, if the government does something, they will be blamed. >> we will have those republicans the chairman of the house freedom caucus, mark meadow, also coming up the white house giving president trump credit for recent stockmarket gains, saying a businessman is better than a liberal politician in the white house. our own steve ratner sent in a fact check on that, as we go to break, a bit of holiday cheer from president trump. >> bing bing bong bong bing bing bong bing bing bong bing bing
host of kasie dc. announced yesterday 11:30 p.m. starting january 2nd your program will be aired in the charlie rose slot. >> yes. connecting the two sides and pbs picking it up from january 2nd. >> let's turn to the news. by almost 2-1 americans believe the tags bill is a bad idea. they say president trump's tax bill is a bad idea. 24% say it's a good idea, that's
so, when the stock market explodes, you know, mom and pop businesses on main street don't feel that. >> right. >> maybe huge universities, state pension systems will feel more of an impact. but not average voter on the street. that's why you'll see a disconnect of people who credit donald trump or say he's doing a good job. right now, obviously, despite the strong economy, he still has the lowest approval ratings of any first-term president ever. >> also, joe, quickly, the anger about wage inequity in this country. people see on the news all the time about the stock market is booming, the greatest economy under trump in years because of the percentage rise. but it doesn't benefit people, ordinary people, as much as it benefits everyone you just cited.
now on so-called reforming those entities. reforming means to him is cutting them. so, democrats will fight tooth and nail, as we did when they tried to privatize social security and they failed. we will fight them tooth and nail on these proposals as well. >> congressman, clearly, we've seen it in virginia, alabama, a democratic wave forming in the country. one thing that might block that wave would be the continuing growth in the american economy. the sense that, as the president keeps saying, the stock market is booming, unemployment is coming down. we ought to see wages picking up as well. this tax bill, initially, you're right, in the longer term it will raise taxes on middle class people. initially it could make them see that their tax bill is coming down. do you head into the mid term elections then with something of an economic hurdle that you have to overcome in your pitching? >> look, we as americans hope we