>> WE'RE STILL CREATING LOW
PAYING PART TIME JOBS.
WE STILL HAVE A VERY LOW LABOR
FORCE PARTICIPATION RATE.
NOTHING HAS CHANGED AND THE
PRESIDENT LOOKS LIKE A HYPOCRITE
LIZ: ONE YEAR AGO, THAT'S HOW
TRUMP VOTER PETER SHIFF GAUGED
PRESIDENT TRUMP'S PERFORMANCE ON
JOBS IN THE ECONOMY.
FAST FORWARD TODAY AND THE DATA
SHOW WEEKLY JOBLESS CLAIMS
YOU'D HAVE TO GO BACK TO 1969 TO
SEE SUCH HEALTHY NUMBERS AND THE
NUMBER OF JOB OPENINGS FAR
EXCEEDS THE NUMBER OF AMERICANS
WHO ARE CURRENTLY LOOKING FOR
WORK SO WE THOUGHT LET'S BRING
PETER SCHIFF BACK BUT WE'RE
GOING TO FACE HIM OFF AGAINST
ANOTHER TRUMP VOTER REPUBLICAN
STAT A JUST KEVIN PAUL SCOTT.
OKAY PETER THE UNEMPLOYMENT RATE
IS UNBELIEVABLY LOW.
YOU HAVE GREAT JOBS NUMBERS, JOB
CREATION IS LOOKING VERY HEALTHY
HAVE YOU CHANGED YOUR OPINION
ONE YEAR LATER?
>> WELL NOT AT ALL.
FIRST OF ALL, ALL OF THE TRENDS
THAT YOU'RE POINTING TO THOSE
WHEN DONALD TRUMP WAS A
CANDIDATE AND WHEN I VOTED FOR
HIM, HE WAS CALLING OUT OBAMA
FOR CLAIMING CREDIT FOR WHAT WAS
PHONY NUMBERS THAT THE REAL
UNEMPLOYMENT RATE ACCORDING TO
DONALD TRUMP WHEN HE WAS A
CANDIDATE WAS 20%, 30%, 40%
BECAUSE HE WAS LOOKING AT ALL OF
THE PEOPLE WORKING PART TIME
THAT WANTED TO WORK FULL TIME
THEY ARE DISCOURAGED NOT LOOKING
FOR JOBS AND THAT TREND HASN'T
CHANGED.
DONALD TRUMP INHERITED A BIG FAT
UGLY BUBBLE TO QUOTE TRUMP FROM
OBAMA AND ALL HE'S DONE IS BLOWN
FIGHT BACK IF YOU FEEL IT
NECESSARY.
>> [LAUGHTER]
I DON'T KNOW WHAT NUMBERS PETER
STRZOK LOOKING AT THIS.
5.1% UNEMPLOYMENT FOR PEOPLE
WITHOUT A HIGH SCHOOL DIPLOMA
THAT IS THE LOWEST SINCE 1992.
SOME OF THE PEOPLE MOST LEFT
LOWEST HISPANIC UNEMPLOYMENT.
2.8 MILLION OFF OF FOOD STAMPS
THE REALITY IS MORE PEOPLE ARE
WORKING MORE PEOPLE ARE
SUPPORTING THEMSELVES AND
THEREFORE MORE PEOPLE HAVE MONEY
TO SPEND . THAT'S GOOD FOR
AMERICAN WORKERS AND GOOD FOR
THE ECONOMY.
>> LOOK LAST YEAR, WE HAD 2.3%
GDP GROWTH FOR 2017.
VERY SIMILAR TO THE NUMBERS WE
GOT UNDER OBAMA.
WE GOT A 4.1 --
>> 4.1%.
>> WELL THAT'S ONE QUARTER AND
HE HAD A QUARTER OVER FIVE BUT
ENTIRE YEAR.
I DON'T THINK THAT WE'RE GOING
TO BE OVER 3% IN 2018 BUT MORE
TRUMP BOUGHT THE ECONOMY SOME
TIME WITH THE TAX CUTS, BUT
ALL IT'S DOING IS PUSHING OFF A
DAY OF RECKONING.
DONALD TRUMP HELPED MAKE
GOVERNMENT BIGGER AND MORE EACH
PENSIVE BY INCREASING WELFARE
SPENDING, INCREASING MILITARY
SPENDING, HE REDUCED THE REVENUE
NECESSARY TO PAY FOR THAT THAT
IS BAD FOR THE ECONOMY.
LIZ: TO THAT END, KEVIN THE
FASTER PACE THAN IT HAD BEEN.
IT'S GOING TO HIT IT MUCH
EARLIER THAN THE HAD BEEN
EXPECTED, SO WE'RE LOOKING AT A
GIGANTIC DEFICIT THAT IS ONLY
GETTING BIGGER AND THEN YOU LOOK
AT THE DEBT OF THIS COUNTRY.
21 TRILLION AND CLIMBING SO AT
WHAT POINT DO YOU SEE BECAUSE
I'M GUESSING YOU'RE A BELIEVER
IN TAX CUTS WILL SPUR GROWTH
WILL THIS TURN AROUND?
THE TAX CUTS WHICH I BELIEVE ARE
ON THE SPENDING I'M NOT GOING TO
ARGUE THAT WE SHOULDN'T BE REIGN
ING THAT IN.
THE REPUBLICANS NEED TO ACT LIKE
REPUBLICANS BUT THAT DOESN'T
I'M LOOKING IN MY BUSINESS AT
LEADING INDICATORS.
WE ARE SEEING BUSINESSES INVEST
IN EMPLOYEE CULTURE AND
LEADERSHIP DEVELOPMENT BECAUSE
THEY'RE SO WORRIED THAT THE
ECONOMY IS SO GOOD AND THEY ARE
GOING TO STRUGGLE TO RETAIN THAT
TOP TALENT.
IN GOOD SHAPE AND I'M GOING TO
PUT MY MONEY WHERE THOSE
BUSINESS OWNERS ARE.
>> I AGREE A LOT OF BUSINESS
OWNERS ARE OPTIMISTIC AND I
THINK THEY ARE VERY DISAPPOINTED
WHAT DONALD TRUMP IS SAYING THE
TRADE DEFICIT IS RUNNING AT A 10
YEAR HIGH.
LIZ: ISN'T THAT A FUNCTION OF
PEOPLE HAVING MORE MONEY IN
THEIR POCKET AND THEY ARE BUYING
MORE PRODUCT?
>> THEY'RE BUYING MORE IMPORTED
PRODUCTS BUT WHERE DOES THE
MONEY COME FROM?
FROM DEBT.
WE'RE GOING DEEPER INTO DEBT.
CREATING MONEY OUT OF THIN AIR.
>> IT'S COMING FROM THEIR JOBS
SO THAT'S WHERE THEY SPEND THEIR
MONEY.
>> THE JOBS THAT WE'RE GETTING
NOW ARE THE SAME TYPE OF LOW
PAYING PART TIME JOBS WE HAD
UNDER BARACK OBAMA.
A LOT OF THEM ARE UNEMPLOYED
BECAUSE THEY LIVE AT HOME WITH
THEIR PARENTS IN THE BASEMENT
NOT LOOKING FOR A JOB AND IF YOU
AREN'T LOOKING FOR A JOB YOU
DON'T GET COUNTED BUT THAT
DOESN'T MEAN YOU'RE EMPLOYED.
LIZ: ONE LAST WORD ON WAGE
GROWTH, KEVIN.
WHERE IS IT?
WE'RE GETTING HIGHER INFLATION
THAT CAME IN?
LIZ: UP .3 OF A PERCENT BUT IT'S
RUNNING A LITTLE WITNESS HOTTER,
AT WHAT POINT WILL WE SEE WAGES
MATCH THE HIGHER INFLATION THAT
WE'RE SEEING?
>> I HOPE SOON I AGREE.
IT'S SLOWER THAN WE WANT IT TO
BE BUT I THINK WITH THE ECONOMY
CONTINUING TO BOOM IT'S GOING TO
FORCE BUSINESSES TO UP THAT GAME
SO I'M HOPING IT CATCHES UP IN
THE NEXT YEAR.
>> THE ECONOMY IS NOT BOOMING,
REAL WAGES ARE FALLING AND WILL
FALL EVEN FASTER BECAUSE
RECESSION.
THAT'S WHY IT'S SO BAD.
LIZ: MY LAST QUESTION KEVIN WILL
>> IF THE ECONOMY KEEPS DOING
WHAT IT'S DOING THAT'S SOMETHING
I CAN VOTE FOR.
LIZ: PETER?
>> I'LL PROBABLY GO BACK TO
VOTING LIBERTARIAN.
LIZ: NEVER DISAPPOINT.