STREET JOURNAL" THEY EXPLORE ANY
AND ALL POSSIBILITIES.
THAT COULD BE AMONG THEM.
>>> ALL RIGHT.
REPUBLICAN FORMER GOVERNOR OF
LOUISIANA, BOBBY JINDAL,
PRESIDENTIAL CANDIDATE IN HIS
OWN RIGHT A FEW YEARS AGO.
WHAT DO YOU THINK OF WHAT THEY
SEEM TO BE SAYING IS THAT IF IT
LOOKS MORE LIKELY THAT WHOEVER
EMERGES AMONG THE DEMOCRATS IS
GOING TO BE A SOCK THE RICH, GO
AFTER, YOU KNOW, GO AFTER THEM
WITH HIGHER TAXES, A WEALTH TAX,
HIGHER CORPORATE TAXES, THAT
WORRIES THEM, THAT RATTLES THEM.
WHAT DO YOU THINK?
>> ABSOLUTELY.
FIRST OF ALL, THANK YOU AGAIN
FOR HAVING ME BACK.
OBVIOUSLY OUR THOUGHTS AND
PRAYERS GO OUT TO BERNIE
SANDERS.
I MAY NOT AGREE WITH HIS
POLICIES BUT I CERTAINLY HOPE HE
MAKES A QUICK AND FULL RECOVERY.
NEIL: ABSOLUTELY.
>> MY DAD HAD A STENT A YEAR
AGO, MY SON HAD OPEN HEART
SURGERY WHEN HE WAS AN INFANT.
I KNOW HOW SERIOUS THAT IS.
LOOK, I THINK WALL STREET AND
THE AMERICAN PEOPLE HAVE A RIGHT
TO BE WORRIED ABOUT THESE CRAZY
LEFT POLICIES.
THERE'S A PROBLEM, YOU KNOW, IT
SOUNDS SOMEWHAT ATTRACTIVE WHEN
ELIZABETH WARREN SAYS WE'RE NOT
GOING TO TAX YOU, WE ARE JUST
GOING TO TAX THE WEALTHY, THERE
WILL BE A WEALTH TAX, IT REMINDS
ME OF LOUISIANA.
THEY HAVE A SAYING DON'T TAX
YOU, DON'T TAX ME, TAX THE GUY
BEHIND THE TREE.
WHAT THAT MEANS IS DON'T WORRY,
WE WON'T RAISE YOUR TAXES, WE
WILL RAISE THE OTHER GUY'S
TAXES.
THE PROBLEM WITH THESE PLANS IS
EVENTUALLY, IT ALWAYS STARTS OUT
THAT WAY.
THE INCOME TAX WAS ONLY GOING TO
BE ON THE WEALTHY.
THESE TAXES ARE ONLY GOING TO BE
ON WEALTHY PEOPLE.
BEFORE YOU KNOW IT, IF YOU OWN A
NICE HOME, YOU OWN A CAR, YOU
HAVE SAVINGS FOR RETIREMENT,
BEFORE YOU KNOW IT, THE WEALTH
TAXES WILL CATCH YOU AS WELL.
THEIR APPETITE TO SPEND IS SO
LARGE THEY CAN'T JUST TAX
BILLIONAIRES AND MILLIONAIRES.
THEY WILL TAX EVERYDAY WORKING
PEOPLE AS WELL.
PEOPLE ARE RIGHT TO BE WORRIED
ABOUT THESE TAX THE WEALTH
SCHEMES AND CRAZY SPENDING
SCHEMES.
THEY ARE TALKING ABOUT TENS OF
TRILLIONS OF DOLLARS IN NEW
SPENDING BUT I ALSO THINK BE
CAREFUL WHAT YOU WISH FOR.
I THINK ELIZABETH WARREN WOULD
BE EASY TO BEAT BUT THE THOUGHT
OF HER AS PRESIDENT ABSOLUTELY
TERRIFIES ME.
NEIL: MAYBE THAT'S PANNING OUT
HERE.
THAT'S JUST A GUESS ON THE PART
OF ART CASHIN, WHO IS AN
INSTITUTION ON WALL STREET AND
HEARING HIS THOUGHTS, THEY'RE
LISTENING.
BUT LET ME STEP BACK AND GET
YOUR VIEW OF WHAT'S GOING ON
WITH THE ECONOMY.
LET'S TAKE THE LEAP HERE THAT A
MANUFACTURING SLOWDOWN THAT'S
TAKEN HOLD, THEN YOU WORRY THAT
IT SORT OF CROSSES THE ROAD AND
GETS INTO THE SERVICES SECTOR, A
FAR BIGGER PART OF OUR ECONOMY.
THEN THE PRESIDENT'S RATIONALE
FOR RE-ELECTING HIM, STRONG
ECONOMIC TURNAROUND, PICKUP IN
JOBS, ALL OF WHICH, YOU KNOW, WE
ARE GOING TO GIVE BLAME TO THE
PRESIDENT IF IT WEREN'T SO GOOD,
WE MIGHT AS WELL CREDIT WHEN IT
IS, ALL THAT GOES AWAY OR
POTENTIALLY GOES AWAY.
ARE YOU WORRIED?
>> WELL, LOOK, THERE IS
CERTAINLY A LOT OF UNCERTAINTY
AND YOU HAVE BEEN TALKING ABOUT
IT ON YOUR SHOW.
YOU THINK ABOUT THE FACT
CONGRESS HASN'T RATIFIED THE
CONGRESSIONAL -- THE NEW TRADE
DEAL WITH CANADA AND MEXICO, YOU
TALK ABOUT THE UNCERTAINTY ABOUT
IMPEACHMENT, THE SLOWDOWN ABOUT
WHAT'S NOT HAPPENING IN
CONGRESS, YOU TALK ABOUT SO MANY
OF THE OTHER THINGS.
I THINK ONE OF THE FACTORS YOU
MENTIONED WHICH IS ABSOLUTELY
TRUE, THE GM STRIKE AND SO MANY
OTHER THINGS ARE HAPPENING, ONE
OF THE THINGS YOU MENTIONED IS
ABSOLUTELY TRUE.
LOOK, I THINK THE TRADE WAR, THE
TARIFFS ARE HAVING AN IMPACT.
I GIVE TRUMP CREDIT FOR TAKING
ON CHINA.
I THINK IT'S LONG OVERDUE.
I THINK IT COULD ACTUALLY BE
POLITICALLY PAINFUL.
IT'S NOT CLEAR YET WHETHER THIS
IS GOING TO BE A POLITICAL
WINNER OR LOSER.
I DO THINK IT'S THE RIGHT THING
TO DO.
THE REASON I THINK IT COULD HAVE
NEGATIVE CONSEQUENCES, THERE MAY
BE SHORT-TERM PAIN TO GET THE
LONG-TERM BENEFITS.
PREVIOUS PRESIDENTS SHOULD HAVE
TAKEN ON THIS CHALLENGE.
THEY DIDN'T DO IT.
TO HIS CREDIT, TRUMP IS DOING
IT.
HE HASN'T BACKED DOWN AND MY
HOPE IS WE WILL GET REAL
RESTRUCTURING OUT OF IT.
NOT SOME KIND OF TEMPORARY
TRUCE, WHERE THEY AGREE TO BUY
MORE AGRICULTURAL PRODUCTS AND
WE GO AWAY.
BUT RATHER, REAL STRUCTURAL
REFORM WHERE THEY RESPECT OUR
INTELLECTUAL PROPERTY, THEY STOP
MANIPULATING THE CURRENCY AND WE
HAVE A LEVEL PLAYING FIELD FOR
AMERICAN COMPANIES WHEN COMES TO
OWNERSHIP OF ASSETS OVER THERE
AND OTHER ISSUES AT STAKE.
I THINK YOU'RE RIGHT, I THINK
TRADE IS HAVING ACTUALLY A
GREATER IMPACT THAN PERHAPS
PEOPLE ARE REALIZING BUT I DO
THINK HE DESERVES CREDIT FOR
TAKING ON THIS FIGHT EVEN IF
THEY ARE SHORT-TERM
CONSEQUENCES.
THIS FIGHT WAS LONG OVERDUE.
NEIL: ALL RIGHT.
THANK YOU VERY, VERY MUCH.