AMERICA ALONE.
NEIL: ALL RIGHT, NOW HE WAS
POLITELY RECEIVED, I WOULDN'T
SAY ROBUSTLY APPLAUDED.
THE FACT OF THE MATTER IS HE
WAS ENTERING THE LION'S DARE,
DOESN'T CARE MUCH, BUT HE IS
ENTICING FOREIGN CAPITAL TO
COME TO THE UNITED STATES THAT
SUDDENLY WE ARE THE CHEAPER TAX
DRAW TO SAY NOTHING OF THE BIG
INVESTMENT BEACON.
HALF TRILLION DOLLAR MARKET
VALUE YESTERDAY.
HOW THIS COULD FOLLOW UP ON
REAL CLEAR POLITICS CAITLIN
HUEY-BURNS AND OUR OWN CHARLIE
FREEMAN AND OUR OWN WATCH WHAT
I WANT TO SAY, CHARLIE
GASPARINO.
WE ARE OPEN FOR BUSINESS, COME
BRING US YOUR MONEY?
>> THAT WAS A GREAT SPEECH, I
THOUGHT.
I THINK WHEN DONALD TRUMP IS AT
HIS BEST, IT'S USUALLY ABOUT
THE ECONOMY AND TALKING --
NEIL: HE'S IN HIS ELEMENT WITH
THAT.
>> I'VE BEEN TO DAVOS A LOT.
I CHOOSE NOT TO GO NOW.
NEIL: THE DAVOS, SWITZERLAND OR
DAVOS, NEW YORK?
>> IS THERE A DAVOS, NEW YORK?
NEIL: WHERE I'VE DONE A LOT OF
REPORTING.
>> OKAY.
IT'S A PLACE FILLED WITH EURO,
QUASI SOCIALIST BUREAUCRATS AND
AMERICAN CEOs.
NEIL: GREAT FONDUE.
>> HORRIBLE FOOD.
>> NONPROFIT BEARD STROKERS
THERE.
NEIL: HE'S AN ELITIST.
THAT'S WHAT HE WAS WALKING
INTO.
THE U.S. CEOs ARE OPENLY
EMBRACING HIM.
THEY ALL BOYCOTTED HIS BUSINESS
COUNCILS POST CHARLOTTESVILLE.
THEY ARE ALL MEETING WITH HIM
NOW.
JAMIE DIMON, AS WE REPORTED
YESTERDAY HAD A PRIVATE MEETING
WITH HIM LAST WEEK FROM
JPMORGAN CHASE, STEVE
SCHWARTZMAN FROM BLACKSTONE
MEETING WITH HIM LATELY.
THEY KNOW HIS POLICIES ARE
GOOD, MOST OF HIS POLICIES ARE
QUARTER, GUESS WHAT?
THE TAX CUTS HAVEN'T KICKED IN
YET.
NEIL: BY THE WAY, WASN'T TRADE
PART OF THAT?
THAT WORSENED IT, RIGHT?
>> BECAUSE OF THE WAY THEY
CALCULATED DOESN'T MEAN IMPORTS
HURT US BECAUSE THE WAY THEY
WANT TO AVOID DOUBLE COUNTING
THINGS.
>> SOME WORRY THIS COULD DRAG
FUTURE GDP NUMBERS.
>> THE TRUMP AGENDA IS A
CONCERN.
I THINK THE ACTUAL CAPITALISTS
IN DAVOS ARE CONCERNED ABOUT
THAT.
THEY MIGHT HAVE BEEN REASSURED.
NEIL: PUT THEM IN A PHONE
BOOTH, WHERE WERE THEY?
>> RIGHT.
WHICH ABSOLUTELY WAS
DISAPPOINTING IS 6.8% GROWTH,
NONRESIDENTIAL FIXED
INVESTMENT.
BUSINESSES INVESTING IN THE
HEARING FROM THAT CROWD IN
SWITZERLAND.
IT'S GOING LEAD TO PRODUCTIVITY
GROWTH GOING FORWARD.
>> THIS IS A PRESIDENT WHO
CAMPAIGNED AND THE REASON THERE
WAS SO MUCH FOCUS ON DAVOS, IS
HE CAMPAIGNED AS POPULIST
ENTITY.
A LOT OF HIS POLICIES HAVE BEEN
TRADITIONALLY REPUBLICAN.
HE GAVE A LOT OF TAX CUTS TO
CEOs, THAT'S WHY THEY ARE HAPPY
WITH HIM.
NEIL: HE GAVE THEM A CURSE OF
WEALTH WHICH HE ALMOST HAD TO
SHARE.
I'M NOT JUDGING ONE WAY OR THE
OTHER.
THEY GOT SO MUCH OUT OF THIS,
SO CRAZY MUCH, THAT'S WHY
SEEING THE FOLKS DO THIS?
>> RIGHT, GREAT PR FOR THEM,
THE REPUBLICANS AND TO RUN ON.
DIFFERENT ECONOMISTS ARE
LOOKING AT WHETHER PEOPLE GET
ARE INVOLVED AND WHETHER THAT
MONEY DOES COME BACK --
>> I'M SORRY, GO AHEAD.
[LAUGHTER]
>> YOU KNOW, I'M OPTIMISTIC
ABOUT THE TAX PLAN, OKAY?
AND OPTIMISTIC ABOUT MUCH OF
TRUMP'S ECONOMIC AGENDA.
I THINK WE HAVE TO GIVE A
REALITY CHECK BECAUSE WE HAVE
VIEWERS BUYING THE MARKET.
TRADE AGENDA, HOPEFULLY
RHETORIC, THAT'S GOING TO HURT
THE AGRICULTURAL INDUSTRY AND
THE OTHER INDUSTRY THAT NEEDS
NAFTA TO GROW.
NUMBER TWO, THE INDIVIDUAL SIDE
OF THE TAX CUTS ARE PRETTY
LOUSY, AND HE'S ACTUALLY
NEIL: A LOT OF INDIVIDUALS
IRONICALLY ARE GETTING THE
BENEFIT OF THE CORPORATE TAX
CUT WITHOUT THE INDIVIDUAL
THING.
>> PEOPLE THAT DON'T PAY A LOT
OF FEDERAL INCOME TAXES GET A
SMALL TAX CUT, THERE ARE PEOPLE
IN FIVE OR SIX STATES THAT GET
HOSED.
BUSINESS WHICH IS GENERALLY THE
DRIVER OF ECONOMIES IS PRETTY
WEAK, AND I WOULD JUST -- SO
USUALLY BIG CORPORATIONS, THEY
MOVE LIKE FREIGHTERS, SLOW.
I JUST WORRY THAT JAMIE DIMON
AND BLACKSTONE AND ALL THE BIG
COMPANIES, THEY MAY BE HANDING
OUT CHECKS BUT NOT GOING TO BE
HIRING IN WHAT PEOPLE THINK.
NEIL: I DON'T KNOW.
>> DIFFERENT INDICATORS ON THE
OTHER SIDE.
THAT'S ONE INDICATOR, JUST ON
THE PERSONAL SIDE, JUST
THINKING HOW PEOPLE VOTE AND
RESPOND TO THIS.
NEIL: I KNOW IT'S A SIMPLISTIC
QUESTION, THOUSAND DOLLAR
BONUS, $2500 BONUS, WOULDN'T BE
THAT REFLECTED IN A WAGE?
>> IF YOU ARE BENEFITTING FROM,
THAT WORKING FOR ONE OF THE
COMPANIES --
NEIL: ARE THEY SUBSTANTIAL
ENOUGH TO SHOW UP IN THE
NUMBERS?
>> SHORT-TERM, ABSOLUTELY.
LONG-TERM, IT'S THE GROWTH IN
THE ECONOMY, AND WHETHER YOU
ARE ONE OF THESE PEOPLE WHO GET
BONUSES AND MORE THAN 100
MONTH, YOU'RE GOING TO SEE MORE
AFTERTAX TAKE-HOME PAY.
PAY IT IS, RIGHT?
NOW PEOPLE WHO DISMISS THE
TAX CUT.
NEIL: I AGREE WITH THAT, BUT I
THINK THAT'S GOING TO BE MORE
OF AN -- EXACTLY, AND I THINK
THAT COULD BE MORE OF AN
ECONOMIC BOOM, WHATEVER YOU
THINK OF THE PRESIDENT, HIS
TWEETING, ALL THE OTHER STUFF
AND THE LATEST CONVERSATION HE
MIGHT HAVE WANTED TO FIRE
MUELLER, THAT WILL BE
INCONSEQUENTIAL TO THE BIGGER
DEBATE AS TO WHETHER THIS
SIGNIFICANTLY REDUCES THE
ECONOMY.
>> I THINK THE POLITICAL IMPACT
IS THE TAX CUTS, PEOPLE DON'T
REALIZE THEY'RE GOING TO GET
THEM, THEY'RE GOING TO GET
THEM.
ALMOST EVERYBODY IS GETTING A
THE CORPORATE SIDE, THE XRURM
IS HEALTHY, THE CONSUMER IS
SPENDING AND IT'S THE BUSINESS
ERA, AND THAT'S WHERE YOU SEE
THE GROWTH GOING FORWARD.
NEIL: CAITLYN, THAT HAS BEEN
THE ARGUMENT THAT THIS WILL
HAVE A PAY IT FORWARD EFFECT.
OTHER COMPANIES ARE DOING, IT
COMPANIES ARE TRYING TO
OUTSHINE THE PR FACTOR OF THIS.
>> THE PR FACTOR IS HUGE IN
THIS.
>> I DON'T CARE ABOUT THE
REASON, BUT IF I'M WORKING, I'M
GETTING THIS.
>> YOU'RE NOT CARRYING ABOUT IT
-- THERE IS ALWAYS THAT
INCENTIVE.
TALKING TO VOTERS AS I OFTEN
DO, IT'S THE LONGER TERM
SECURITY FACTOR.
DO YOU FEEL YOU CAN MAKE
BIGGER, BETTER DECISIONS
BECAUSE YOU FEEL ECONOMICALLY
SECURE, I DON'T THINK THAT HAS
BEEN ANSWERED YET, CERTAINLY
REPUBLICANS ARE HOPING THAT
THESE SMALL THINGS MAKE A
DIFFERENCE AND MAKE PEOPLE FEEL
THEY HAVE MORE OPTIONS TO SPEND
MONEY.
>> I KNOW I'M SIMPLISTIC, YOU
ARE QUITE SMART.
CHARLIE, I ALWAYS PREFER MY
BOSS TO BE HAPPY AS A RULE OF
NEIL: WHEN HE OR SHE IS HAPPY,
THEY'RE MORE PREDISPOSED TO DO
AND I LIKE TO THINK FOR THE
PLACE I WORK.
SOME OF THEM HAVE BEEN STINGY
IN THE PAST BECAUSE THEY'VE HAD
TO BE.
THEY'VE BEEN KIND OF REGULATED,
THE DEATH TAX AND THAT
MENTALITY CHANGES, I SUSPECT,
THIS IS THE PSYCHOLOGICAL VIEW,
I SUSPECT THAT WILL HAVE AN
EFFECT THAT WILL REVERBERATE?
>> YEAH, IT SHOULD.
LISTEN, I'M WORRIED ABOUT A
COUPLE OF THINGS HERE.
YOU KNOW, I LOOK AT WHAT CAN
GET US TO 3.5% GROWTH, OKAY?
A HUGE CORPORATE TAX CUT HELPS
YOU GET TO 3.5 GROWTH.
WHAT COULD HELP US GET ON 3.5%
GROWTH IS REAL TAX REFORM ON
THE INDIVIDUAL SIDE, WHICH
REALLY DID NOT OCCUR.
I'M TELLING YOU PEOPLE WHO
DON'T PAY A LOT OF FEDERAL
INCOME TAXES ARE GOING TO GET A
>> IT SHOULD.
COMPANIES ARE GETTING A HUGE
TAX CUT.
SMALL BUSINESSES ARE GOT
GETTING A BIG TAX CUT HERE.
NEIL: I DON'T AGREE WITH THAT.
>> SOME OF THE BIGGEST
INDEPENDENT BUSINESS, MEMBERS
TELLING THEM THEY'VE NEVER BEEN
MORE OPTIMISTIC.
>> BUT IT'S NOT A GREAT DEAL
FOR THEM.
IF YOU LOOK AT THE WAY THE
PASS-THROUGHS ARE WORKING --
>> WITH ALL DUE RESPECT,
THEY'VE LOOKED AT IT PRETTY
CLOSELY.
>> HAVE YOU SEEN --
>> I UNDERSTAND IN THIS TOWN
AMONG PEOPLE IN OUR INDUSTRY
THERE IS A LOT OF CONCERN.
NEIL: AND THE ELITISTS.
>> IF YOU TALK ABOUT SMALL
BUSINESSES, STICK TO THAT.
IT'S MARGINAL.
NEIL: THE BOTTOM LINE, THEY
WOULDN'T BE -- NO, NO, NO, THEY
WOULDN'TING -- BELIEVE ME, I'M
NOT APOLOGIST OR CHEERLEADER.
I'M TALKING ABOUT THE GUY THAT
RUNS THE LOCAL DRUGSTORE IN MY
TOWN.