AFFECTS?
IT DID NOT WORK AND THE UNITED
STATES SANK DEEPER INTO THE
GREAT DEPRESSION.
LIZ: SEEING THE MAN HIMSELF HE
COINED THE FAMOUS TERM ANYONE,
ANYONE BUT ECONOMISTS OFF THERE
OF THE BOOK THE CAPLIS CODE LOOK
WHO IS HERE, BEN STEIN.
IT'S SO FUNNY.
I'M SURE YOU GET PEOPLE COMING
UP TO YOU AND SAYING ANYONE,
ANYONE.
>> WHEN I GO TO THE AIRPORT THAT
HAPPENS ABOUT EVERY 30 SECONDS.
LIZ: GIVEN THE SMOOT-HAWLEY
REFERENCE AND PRESIDENT TRUMP
BRINGING UP TARIFFS WHAT IS YOUR
REACTION?
>> MY REACTION IS THAT TRADE
WARS ARE ALWAYS ABOUT THING BUT
WE HAVE A SPECIAL CATEGORY FOR
STEEL AND ALUMINUM WHICH IS THEY
ARE COMMODITIES AND WE ARE IN A
STATE WHERE THE COLD COLD WAR IS
HEATING UP INCREDIBLY RAPIDLY.
RUSSIA IS BRAGGING.
THERE IS REAL DANGER.
WE NEED TO HAVE STRONG MEDALS
AND WAR.
SO WE NEED TO HAVE A DYNAMIC
MEDALS.
I DON'T BELIEVE ANTI-FREE TRADE
IS A GOOD IDEA BUT IN CERTAIN
CATEGORIES WE DO NEED TO HAVE
SOME PROTECTIONS OF OUR OWN
INDUSTRY.
A CERTAIN MEMBERS OF PRESIDENT
TRUMP CIRCLE ARE SAYING THE
EVENTUAL COST OF THE MATERIAL IS
TRIVIAL.
PEOPLE DON'T UNDERSTAND STEEL
AND ALUMINUM DID NOT COST VERY
MUCH.
IF HE RAISED THE PRICE BY 25
CENTS IT DOESN'T CHANGE THE
PRICE OF ANONYMOUS BILL OR A
REFRIGERATOR BY MUCH AT ALL.
LIZ: HERE'S STEPHEN ISAURO TO
FUNDING THE TRUMP TARIFF.
I THINK HE IS SAYING WHAT YOU
WERE SAYING.
LET'S WATCH.
>> PEOPLE IN THE 10% TARIFF ON
ALUMINUM HOW MUCH IS THAT
INCREASE THE PRICE OF A SIXPACK
OF THERE?
1 CENT.
I'M GOING TO TELL YOU A PENNY.
HOW MUCH DO YOU THINK IT
INCREASES THE PRICE OF AN AN
AUTOMOBILE IF ALL THE CARS ARE
PASSED THROUGH?
$45.
HOW MUCH DO THINK IT INCREASES
THE COST OF THE SEVEN 77
DREAMLINER?
$27.
LIZ: THE ARGUMENT IS THEN RAISED
CONSUMER PRICES AND NOW YOU HAVE
EXXONMobil AND OTHER ORLEAN
GAS COMPANY SAINT IS GOING TO
RAISE OUR PRICES AS WELL FOR
REFINERIES.
WHAT'S YOUR REACTION TO THAT?
>> OIL PRICES MOVE ON THE BASIS
OF.
THEY DON'T MOVE ON BUT PRICE OF
A PIECE OF PIE.
THAT'S A TOTAL NONSTARTER.
LIZ: I HEAR WHAT YOU ARE SAYING.
LET'S GET TO THE STORY
REPUBLICAN SENATOR ORRIN HATCH I
DON'T KNOW IF YOU SAW THIS.
WHAT IS YOUR REACTION TO THIS?
HE CALLED AFFORDABLE CARE AT
SUPPORTERS STUPID AND AS PEOPLE.
WATCH.
>> AND IT'S THE MASS BILL THAT I
HAVE EVER SEEN.
SOME OF YOU MAY HAVE LOVED IT.
IF YOU DO YOU ARE ONE OF THE
STUPIDEST THE MASS PEOPLE I'VE
EVER MET.
LIZ HE ALSO SAID THERE ARE
STUPID AND PEOPLE ON
CAPITOL HILL BUT THE OUTGOING
SENATOR IS APOLOGIZING FOR HIS
COMMENTS.
>> I SAW HE MADE THOSE COMMENTS
AT THE AMERICAN ENTERPRISE
INSTITUTE.
THEY MUST BE HAVING A STROKE
WITH LAUGHTER AS THIS GUY USES
THIS LOUD LANGUAGE.
I THINK HE SHOULD HAVE SAID IT
AND I DON'T THINK OBAMACARE WAS
A STUPID IDEA.
IT WASN'T THE RIGHT IDEA BUT IT
WASN'T AT IDEA.
IT WAS A STUPID --
LIZ: BUT THEN HERE'S THE THING
DON'T YOU LOVE WHEN AN OUTGOING
CONGRESSMAN THEY TAKE THE LID
OFF.
JOHN BOEHNER DID THE SAME THING.
THE REAL CONGRESSMAN COMES OUT
AND THEY START SAYING WHAT THEY
REALLY THINK.
I THINK IT'S REFRESHING.
>> IT'S VERY REFRESHING BUT THE
THING I WOULD LIKE TO SEE ITS
ACCOMMODATIONS BETWEEN MY FRIEND
JIMMY KIMMEL AND BOEHNER ABOUT
CRYING ON TV.
LET'S HAVE A CRYING COMPETITION.
BACK TO THE TARIFFS, THE TARIFFS
ARE GOING TO HURT US MUCH AT ALL
IF AT ALL.
A WORLDWIDE TRADE WAR WOULD BE A
VERY BAD THING BUT THAT'S NOT
GOING TO HAPPEN.
THE CHINESE DON'T WANT TO GET
HEARD AND THAT KOREANS DON'T