GREAT TO HAVE YOU WITH US.
WHAT DO YOU THINK, JEROME
POWELL, IS HE DOING A GOOD JOB?
>> YES, I DO.
LOU: WE AGREE.
FOCUS ON ECONOMIC OPPORTUNITY
CONGRESSMAN KEITH ROTHFUS OF
PENNSYLVANIA.
HE SERVES ON THE HOUSE JUDICIARY
COMMITTEE, THE HOUSE COMMITTEE
ON FINANCIAL SERVICES.
CONGRESSMAN, GREAT TO HAVE YOU
TRADING SYSTEMS.
YOUR THOUGHTS.
IS THE PRESIDENT EXACTLY RIGHT
OR NOT?
>> THE PRESIDENT'S HIGHLIGHTING
NOT DEVELOP OVER THE LAST FEW
MONTHS OR OR THE LAST FEW YEARS.
YOU GO BACK TO A DECISION THAT
PRESIDENT CLINTON MADE IN THE
YEAR 2000 TO LET ARE THE CHINA
COME INTO THE WORLD TRADE
ORGANIZATION.
LOU: RIGHT.
>> CHINA IS A COMMUNIST COUNTRY,
IT'S A COMMAND AND CONTROL
ECONOMY.
THEY CAN DEPLOY RESOURCES
THEY FLOOD THE WORLD.
WE HAVE TO UNDERSTAND THAT CHINA
IS THE PROBLEM, HAS BEEN THE
PROBLEM.
WE'RE PUTTING OUR OWN HOUSE IN
ORDER HERE.
WE NOW HAVE A COMPETITIVE TAX
CODE INTERNATIONALLY BECAUSE OF
THE TAX CUTS AND JOBS ACT.
WE ARE NOW TAXING AMERICAN
BUZZES LESS THAN -- BUSINESSES
HESS THAN THEIR CHINESE OR
MEXICAN COUNTERPARTS, RESTORING
A COMPETITIVE AND COMPARATIVE
ADVANTAGE FOR THE UNITED STATES
IN THE GLOBAL MARKETPLACE WITH A
GREAT TAX CODE.
WE'RE GETTING OUR HOUSE IN ORDER
WITH REGULATIONS, PUTTING A
CHECK ON REGULATIONS OUT OF
WASHINGTON, D.C. THAT DON'T MAKE
SENSE, AND NOW WE HAVE TO TARGET
LOU: CHEATERS?
COMPANIES IN THE UNITED STATES
FOR THE PURPOSE OF ESPIONAGE --
>> WELL, ABSOLUTELY RIGHT.
LOU: -- BOTH OUR GOVERNMENT AND
THEY DO CHEAT IN THE FACT THAT
LOU: THEY'RE STEALING $600
BILLION OF INTELLECTUAL
AND WE'VE GOT MORONS IN THE
NATIONAL MEDIA WORRIED ABOUT
VLADIMIR PUTIN, FOR CRYING OUT
LOUD.
THEY'RE LOOKING IN THE WRONG
DIRECTION, COMING UP WITH THE
WRONG ANSWERS.
>> THE PRESIDENT UNDERSTANDS
WHAT A THREAT CHINA HAS BEEN AND
FOR WAYS TO GET BACK AT CHINA
FOR WHAT THEY'VE BEEN DOING TO
US.
HE IS THE FIRST PRESIDENT IN THE
LAST THREE DECADES TO TAKE ON
THE ISSUE.
>> AGAIN, CHINA IS ALL ABOUT
MAKING SURE IT GETS ITS PRODUCTS
OUT BUT NOT LETTING OUR PRODUCTS
IN --
THAT THEY'VE BEEN DOING,
STEALING OUR SECRETS, SO WE HAVE
TO BE TOUGH WITH CHINA.
RUE LOU ABSOLUTELY.
BUT --
LOU: ABSOLUTELY.
BUT, YOU KNOW, THAT'S AN
INTERESTING WAY TO PUT IT.
WE HAVE TO BE.
WE DIDN'T HAVE TO BE UNTIL
PRESIDENT TRUMP SAID GET TOUGH
WITH CHINA, AND THE NATION
>> WELL, IT'S INTERESTING --
LOU: AND ALSO -- I'M SORRY.
>> GO BACK AGAIN TO THE DECISION
THAT PRESIDENT CLINTON MADE IN
THE YEAR 2000 TO LET THEM INTO
THE WORLD TRADE ORGANIZATION,
AND WHAT WAS HAPPENING BEFORE
THAT?
DO YOU REMEMBER ALL THE SCANDALS
WE HAD IN THE MID 1990s WITH
THE FUND RAISING, THE BUDDHIST
TEMPLE FUNDRAISER AND WHAT WAS
GOING ON WITH RIYADHTY?
ALL THESE FIGURES POPPED UP IN
THE MID 1990s, AND IT WAS
SCANDALS --
>> DIRECTOR OF THE FBI -- AND
SAID THERE SHOULD BE A SPECIAL
COUNSEL.
AND WHAT DID JANET RENO --
LOU: IF YOU AND I START TALKING
ABOUT THE IDIOTS WHO HAVE
INHABITED THE WHITE HOUSE OVER
LONG TIME, AND WE DON'T HAVE
THAT TIME.
LET ME JUST SAY THAT THE
COMBINATION OF CLINTON, TRUMP
AND OBAMA WERE THREE OF THE
WORST PRESIDENTS WE COULD HAVE
POSSIBLY HAD IN SUCCESSION, AND
WOULD BE IN ONE HELL OF A SORRY
MESS.
DO YOU AGREE?
>> WELL, YEAH --
LOU: YEAH.
HILLARY CLINTON WERE PRESIDENT?
HILLARY CLINTON --
LOU: WHAT DID I SAY?
>> WE LOOK AT WHAT'S GOING ON --
LOU: BY THE WAY, MET ME REPHRASE
THAT.
I SAID CLINTON, BUSH, AND I
MEANT OBAMA PRECEDING TRUMP.
IF WE DID NOT HAVE PRESIDENT
TRUMP -- I DON'T WANT TO HEAR
ABOUT THE HILLARY CLINTON
NONSENSE.
THE FACT IS THAT TRUMP IS THE
DIFFERENTIATOR.
DISRUPTER IN WHAT WAS A CHAIN OF
CALAMITY BUILDING FOR THIS
COUNTRY.
DO YOU NOT AGREE?
>> YEAH, AGAIN -- WELL, YEAH.
BECAUSE YOU LOOK AT WHAT WOULD
HAPPEN IF HILLARY CLINTON WOULD
HAVE WON THE ELECTION.
WE WOULD HAVE HAD MORE OF THE
SAME, MORE SUBSTANDARD GROWTH --
LOU: HIGHER TAXES, PROBABLY WAR
WITH RUSSIA, AND WE, BY THE WAY,
WOULD BE DEEPLY IN RECESSION
CLINTON TOOK AS SECRETARY OF
STATE, FRANKLY, FAVORED WHAT
RUSSIA WANTED TO DO, YOU KNOW?
WHEN THEY CANCELED --
LOU: YEAH, WHO THE -- YOU KNOW,
THE LEFT IN THIS COUNTRY RIGHT
NOW, HOOK AT THEIR AGENDA.
THEY ARE THE ONES COLLUDING WITH
RUSSIA.
THEY WANT A STATE-CONTROLLED
ECONOMY, THEY WANT A STATIST
GOVERNMENT, THEY WANT A MASSIVE
GOVERNMENT, THEY WANT SOCIALISM,
THEY WANT HANDOUTS.
I MEAN, THEY'RE DESCRIBING, THE
LEFT AND THE DEMOCRATIC PARTY'S
DESCRIBING COMMUNISM, NOT
SOCIALISM.
COMMUNISM.
>> INDEED.
WELL, THEY'RE TRANSPARENT ABOUT
IT TOO.
THE PITTSBURGH CHAPTER HERE, IT
SAYS THEY WANT TO TRANSITION THE
A SOCIALIST SOCIETY WHERE THE
MEANS AND RESOURCES OF REDUCTION
ARE DEMOCRATICALLY AND SOCIALLY
CONTROLLED.
A SOCIALIST SOCIETY CONTROLLED.
THAT'S WHAT THEY'RE ALL ABOUT.
ASK THAT'S A RECIPE FOR
PARALYSIS --
LOU: PARALYSIS, IT'S A RECIPE
FOR COMMUNISM, COME ON!
>> AND NOT HAVING AN OPPORTUNITY
FOR PEOPLE TO LIVE OUT THEIR