>> WE CAN ONLY PROJECT A COUPLE
YEARS IN THE FUTURE.
BUT I THINK WE ARE WELL ON THIS
TWO-YEAR PHENOMENON.
I THINK WE ARE IN A PERIOD OF A
FOUR OR FIVE-YEAR YEAR OF 3
PERSON * GROWTH AT LEAST.
D3% GROWTH AT LEAST.
CHARLES: THAT WAS A HELL OF A
PREDICTION.
JOINING US ERIC SCHIFFER,.
AND BACK WITH US IS JAMES
FREEMAN.
NAN, I'LL START WITH YOU.
I TELL PEOPLE WE HAVE WHAT I'M
CALLING THE TRUMP SLAM.
TIGER WOODS NEVER WON ALL FOUR
MAJORS IN A CALENDAR YEAR.
THE LAST FOUR QUARTERS AT 3.1%,
WE HAVE PROVEN IT CAN BE DONE
OVER FOUR QUARTERS, BUT CAN IT
BE DONE OVER FOUR YEARS?
>> IF THE GOP CAN SUCCESSFULLY
REMIND VOTERS THAT THIS COULD
COME TO SOMETHING OF A
SCREECHING HALT IF WE GO BACK TO
THE BAD OLD POLICIES OF THE
DEREGULATING FROM DAY ONE.
AND THAT MADE A TREMENDOUS
DIFFERENCE TO BUSINESS CERTAINTY
WAGES ARE RISING.
THIS IS FANTASTIC.
BUT IT COULD GO DOWN HILL IF WE
DON'T KEEP THESE POLICIES GOING.
CHARLES: ERIC, WHAT DO YOU
THINK?
HOW SUSTAINABLE WAYS WE SAW
FRIDAY?
>> I THINK IT'S VERY
SUSTAINABLE.
I THINK IT'S SUSTAINABLE FOR
MANY REASONS.
REGULATION IS A BIG PIECE.
BUT THIS IS A NEW PARADIGM.
WE ARE AT A DIFFERENT LEVEL OF
EQUILIBRIUM FOR MANY REASONS,
DESPITE THE FACT YOU DON'T HAVE
THIS COLOSSAL AMOUNT OF
LIQUIDITY.
WHEN YOU LOOK AT ANTI-REGULATION
AND THE TAX CUTS, AND YOU LOOK
AT THE FACT THAT THERE WILL AND
CONSISTENCY IN THAT, AND THE
EFFECTS THAT WILL I THINK BECOME
THE OUTCOME OF ALL OF THAT, WE
HAVE JUST BEGUN.
NOT ONLY DO YOU SEE THE NEXT TWO
YEARS BEING AT 3%.
BUT YOU COULD SEEP OVER FOUR
YEARS THE 3%.
IT'S ABSOLUTELY POSSIBLE.
NOT UNREALISTIC, UNLESS THERE IS
SOME SOCIALISM THAT GETS INTO
THE SYSTEM.
AND THAT'S WHERE WE NEED TO
FIGHT.
CHARLES: WE ARE LONG ON THE
ECONOMIC EXPANSION.
CERTAINLY EXTRAORDINARILY
OVERSOLD.
BUT IS IT FLONGT TOOTH?
OLD TO GET THIS JOLT OF ENERGY
EVERYONE IS TALKING ABOUT.
>> WE ACCELERATED LATE IN THE
EXPANSION.
NOW ALL OF A SUDDEN WE ARE
HITTING THIS HIGHER PLAIN.
IT'S NOT JUST AN EXPRESSION BY
BUSINESSES THAT THEY THINK THIS
IS A LONG-TERM GROWTH STORY,
THEY HAVE THE CONFIDENCE TO
BUILD THE FACTORY THAT WILL MADE
TO PAY OFF OVER MANY YEARS.
BUT WHEN THEY MAKE THOSE
INVESTMENTS WE CAN PRODUCE A LOT
MORE STUFF FOR YEARS TO COME.
CHARLES: THE AGING WORKFORCE,
SOME OTHER ISSUES THAT MAY BE
OUT OF THE HANDS OF POLITICIANS.
>> FIRST OF ALL, THIS IS A
SYMBOL OR EXPRESSION OF HOW GOOD
THIS ECONOMY IS.
PEOPLE IN THE WHITE HOUSE ARE
THE WORKFORCE.
HOW DO WE GET WORKERS TO TAKE
ALL THESE JOBS THAT ARE
AVAILABLE.
WHAT THEY ARE CONVINCED OF, AND
I THINK THERE IS A GOOD CASE,
THERE ARE MILLIONS OF PEOPLE IN
BACK IN.
BUT THERE ARE MILLIONS OF PEOPLE
IN THAT PRIME AGE WHO ARE NOT
DISABLED AND CAN WORK.
CHARLES: JOBS ARE TAKING A
CHANCE ON THEM.
MANY OF THEM DON'T HAVE A
THEM AND NON-VIOLENT FELONS AND
RECREATIONAL DRUG USE.
>> A GROWING ROBUST ECONOMY
PROVIDES MORE OPPORTUNITIES FOR
EVERYONE.
THIS IS A PRESIDENT WHO HAS
EMPHASIZED THAT IN A REALISTIC
WAY BECAUSE HE COMES FROM A
BACKGROUND ASSED A BUILDER.
HE REVERES THE TRADE.
HE WANTS MORE AMERICANS TO BE
INVOLVED AND RESPECT EVERY LEVEL
OF TRAINING AND INVOLVEMENT.
EVEN AS OUR WORKFORCE AGES, WE
HAVE TO THINK ABOUT AUTOMATION
COMING INTO PLAY.
THERE WILL BE SOME BALANCE THERE
SOME SECTORS.
CHARLES: THE POTENTIAL IMPACT ON
A LONG-TERM TARIFF BATTLE, THE
WORST CASE SCENARIO?
>> I THINK YOU COULD, IF YOU
CAN'T GET DEALS, YOU COULD SEE A
SLOWDOWN FROM AN EXTERNAL
EFFECT.
I DON'T THINK THE ECONOMY ITSELF
WILL BE SIGNIFICANTLY IMPACTED.
IF WE DON'T GET A FEW.
BUT I THINK YOU WILL SEE DEALS.
IT WILL BE SHAKY FOR A BIT.
WE NEED TOO HOLD TOUGH.
HAVING SOME KIND OF FAIR LEVEL
OF TRADE.
BUT I DON'T SEE ANY MAJOR IMPACT
FOUR YEARS AND MUCH HIGHER.