PRIORITY MOVING FORWARD
WILL BE WATCHING THAT, TURNING
TO TURMOIL IN TURK LEADING
STORY REUTERS REPORTED TURKISH
PRESIDENT ERDOGAN SAYS KIN
WILL NOT LOSE AN ECONOMIC WAR
LIRA TUMBLED TO RECORD LOW
AGAINST U.S. DOLLAR OVER
THREAT OF U.S. FINANCIAL
GLOBAL ECONOMIC SHAKE-UP, JOIN
ME IS CONGRESSMAN BLAINE, VICE
CHAIR HOUSE SMALL BUSINESS
COMMITTEE GOOD TO SEE YOU
THANKS VERY MUCH FOR JOINING
US.
>> GOOD TO BE WITH YOU --
>> YOUR THOUGHTS ON WHAT HAS
TAKEN PLACE IN TURKEY IN TERMS
ECONOMIC CONDITIONS THAT ARE
PREVIOUS LAPTOP
PREVIOUS LAPTO
PREVIOUS.
>> TURKEY COUNTRIES TROUBLED
LAST SEVERAL YEARS AS WELL, IT
IS UNFORTUNATE TURKEY IS IN A
POSITION THERE CAN AT
CROSSROADS BETWEEN UBER ASIA
MIDDLE EAST COULD HAVE A
BOOMING ECONOMY LIKE
LEADERSHIP TO PUT ECONOMY
TOGETHER, THEY HAD ELECTION
TO DEVOLVE SPIRAL DOWN I
UNDERSTAND A NEW ECONOMIC PLAN
PUT TOGETHER HOPEFULLY PUT OUT
DAY WE WILL SEE WHAT SOLUTIONS
ARE, YEAH, THEY HAVE YOU KNOW
ECONOMY IN DOLDRUMS DEBT
SKYROCKETING CURRENCY BEING --
YOU KNOW DEVALUED, AND IT IS
-- IT IS A MESS.
>> IS THE VIEWPOINT OF
CONGRESS ADMINISTRATION IN
YOUR VIEW TO GET ERDOGAN OUT.
>> I DON'T THINK WE NEED TO BE
IN THE BUSINESS OF DECIDING
WHO LEADS COUNTRIES I THINK
THAT SHOULD BE UP DO THE
CITIZENS OF THOSE COUNTRIES
THEMSELVES, BUT WE HAVE TO
FIGURE OUT HOW TO WORK WITH
WITH THEY LEADERS TO TRY TO
HELP THEM GET THEIR ACADEMIES
GOING
GOIN
-- ECONOMIES GOING A KEY
PARTNER WITH HOW WE INTERACT
WITH COUNTRIES IN MIDDLE EAST
AND EUROPE KEY PARTNER WHEN IT
COMES TO SANCTIONS ON IRAN,
SYRIA, ISIS, AND THEY'VE BEEN
A PARTNER TO US BUT THEY
REALLY HAVEN'T BEEN VERY GOOD
PARTNER QUITE FRANKLY THEY
HAVE BEEN SOMEBODY WHO WOULD
GO BEHIND OUR BACK, AND NOT
ENFORCE SANCTIONS SO WE NEED A
BETTER RELATIONSHIP WITH THEM
WE NEED TO BE MORE FORCEFUL
WITH THEM SOMEONE ON OUR SIDE
IN SITUATIONS SO WE CAN HAVE
EFFECTIVE SANCTIONS ON
CHANGE THE BEHAVIOR OF THOSE
COUNTRIES.
CHINA, THE TRADE TENSIONS
CONTINUE.
ALTHOUGH THERE DOESN'T SEEM
MOVEMENT ON NEGOTIATIONS WHAT
ARE YOU EXPECTING IN TERMS OF
OUTCOME BETWEEN THIS DISPUTE
MANY YEARS FORCED TRANSFER OF
TECHNOLOGY.
>> WELL, YOU KNOW MY TAKE IS A
LITTLE BIT DIFFERENT THAN SOME
COLLEAGUES FROM THE STANDPOINT
THAT, YOU KNOW, AS YOU
MENTIONED, THERE HAVE BEEN A
BAD ACTOR FOR A LONG TIME
TRYING TO STEEL IP
INTELLECTUAL PROPERTY THE
PRESIDENT SAID ENOUGH IS
ENOUGH THEY HAVE UNDERMINED
MANY INDUSTRIES IN THIS
COUNTRY, I AM FROM MISSOURI I
CAN SIT HERE GIVE YOU A
HANDFUL OF FOLKS AND
INDUSTRIES THEY HAVE
UNDERMINED IN MY STATE
DISTRICT IT IS IMPORTANT WE
PUSH BACK LEVEL PLAYING FIELD
WHAT THE PRESIDENT IS TRYING
TO DO.
YOU KNOW, AGRICULTURE IS BEING
ONE OF THE INDUSTRIES THAT IS
BEING LEVERAGED IN THIS
SITUATION, I HAVE TALKED TO A
LOT OF MY.
GG FOLKS THEY ARE VERY
CONCERNED SHOULD BE AT THE
SAME TIME A LOT OF FOLKS
REALIZE THAT -- YOU KNOW
FARMERS FORWARD CONTRACTED
THAT NOT NECESSARILY AS
CONCERNED ABOUT THIS FALL'S
NUMBERS AND PRICES AS THEY ARE
NEXT SPRING'S.
I DON'T THINK CHINA CAN HANG
ON TILL NEXT SPRING ESPECIALLY
IF WE NEGOTIATE WITH THE EU,
THE SQUEEZE ON CHINA SO I
THINK CHINA ECONOMY AS A WHOLE
IS WEAK GETTING WEEK LOOK AT
NOW, AND JUST SAW AN ARTICLE
YESTERDAY OR THIS MORNING,
THAT INDICATED THAT THERE IS A
-- THERE IS A LOT OF INFLATION
GOT A REAL PROBLEM WITH THEIR
ECONOMY IF PRESIDENT KEEPS
PRESSURE ON HE WILL WIN THIS
TRADE WAR NOT GOING TO HAPPEN
TOMORROW NEXT WEEK, THE
CHINESE, PHILOSOPHY THE CHINA
CULTURE DIFFERENT THAN THAT OF
QUICKLY I TELL PEOPLE IF YOU
HAVE A BULLY ON PLAY GROUND
SAY BE IS NOT RUNNING AWAY YOU
HAVE TO GET IN A FIGHT WE ARE
ON EACH OTHER DUKING THAT,
THAT WILL TAKE SOME TIME TO
WORK ITSELF OUT BUT THE
PRESIDENT IF WE SUPPORT HIM,
HE HAS LEVERAGE TO MAKE THIS
WORK HE HAS THE LEVERAGE TO
>> YOU THINK THAT TARIFFS TR
WAY TO CHANGE CHINA'S
BEHAVIOR?
BECAUSE THEY WON'T EVEN ADMIT
THEY ARE STEALING FROM US
WHETHER RIGHT WEAPON OR NOT A
BOTTOM LINE IS THEY ARE
STEALING OUR INTELLECTUAL
TARIFFS THE WAY TO GO THAT IS
THE PLAY THAT WE HAVE MADE,
AND AT THIS POINT ACQUIESCE TO
MAKE SURE THAT IT, IT WORKS I
THINK WE NEED TO BE SUPPORTIVE
OF THE PRESIDENT WE DON'T NEED
TO UNDERMINE HIS -- HIS
ABILITY TO NEGOTIATING THROUGH
THIS PROCESS.
>> UNDERSTOOD A STORY IN THE
JOURNAL ECONOMISTS RAISING
ESTIMATES FOR ECONOMIC GROWTH
LOWERING THEM COMING INTO 2020
YOUR NOTS HOW STRONG THIS
ECONOMY IS WHETHER OR NOT YOU
ARE LOOKING AT NEXT COUPLE
YEARS, AGENCY -- AS A SLOWDOWN
AS INTEREST RATES GO UP,
DEMOGRAPHIC ISSUES, OR DO YOU
SEE PRETTY GOOD IMPROVEMENT TO
ECONOMIC GROWTH GIVEN THE
POLICIES?
>> WELL MARIA MY COMMENT MY
QUESTION BACK TO YOU THE SAME
YOU ECONOMISTS THAT SAID 1.9%
IS NEW NORMAL FOR US AS
ECONOMY WHENEVER PRESIDENT
TRUMP WAS PROMOTING TRUTS.
>> THAT IS TRUE.
TAX CUTS STOPS MAYBE 2, 2 1/2%
NOW LAST QUARTER 4.1?
I SORT OF THINK THOSE GUYS
MISSED IT BEFORE, I DON'T
REALLY TRUST THEIR NUMBERS I
THINK YOU LOOK WHERE WE ARE,
AND THE POTENTIAL FOR US TO
CONTINUE TO GROW, THE PERSON 3
POINT APPROACH TO OUR ECONOMY
STOP OVERBURDENSOME
REGULATIONS, BEGIN WITH TAXES
AND TAX REFORM TAX CUTS AND
GET TRADE UNDER CONTROL SO WE
LEVEL-PLAYING FIELD HIRE OUR
>> DOING ALL THREE FOR SURE DO
YOU WANT TO SEE TAX CUTS 2.0
DUE WANT ANOTHER TAX CUT PLAN
WHAT THEY ARE TALKING ABOUT
NOW?
>> YEAH I THINK, I THINK YOU
KNOW, ANY BILL THAT WE DO IS
NEVER PERFECT.
AND SO WE FOUND THAT THERE IS
A COUPLE OF FLAWS IN OUR TAX
IN FIX THOSE GO BACK IN MAKE
THE TAX RATES PERMANENT ON THE
INDIVIDUALS AND SMALL
BUSINESSES THE DRIVERS OF OUR
ECONOMY 77% OF THE TAX CUTS
WERE TO SMALL BUSINESSES AND
INDIVIDUALS, THOSE ARE THE
ONES DRIVE OUR ECONOMY THE
ONES THAT WANT TO MAKE
PERMANENT SO THEY CAN PLAN
LONG TERM, SO WE BELIEVE THAT
IT IS A GOOD DEAL I SUPPORT
IT, AND WE WILL SEE IF WE CAN
GET IT DONE THIS FALL.