YESTERDAY.
NOW LOOKS LIKE WE'LL HAVE A REAL
STRONG OPEN.
THERE ARE A LOT OF THEORIES
WE'LL DELVE INTO LATER.
PRESIDENT TRUMP TAKING A VERY
HARD-LINE WITH THE WORLD TRADE
>> WTO HAS TREATED THE UNITED
STATES VERY BADLY AND I HOPE
THEY CHANGE THEIR WAYS.
THEY HAVE BEEN TREATING US VERY
BADLY FOR MANY, MANY YEARS.
THAT'S WHY WE WERE AT A BIG
SOMETHING.
CHARLES: JOINING US NOW,
ECONOMIST PETER MORICI.
AMERICA OUT OF THE WTO I THINK
MORE AND MORE PEOPLE LEARN ABOUT
THE INEFFECTIVENESS OF THE
ORGANIZATION THEY MAY JUMP ON
THAT BANDWAGON.
GENERALIZE ABOUT THE WTO.
IF WE HAVE DISPUTE WITH FRANCE
OR GERMANY, TRADE ISSUE, WE CAN
GET A FAIR TRADE ADJUDICATION IN
THE WTOF WE HAVE A DISPUTE WITH
CHINA?
NOT.
THE WTO WAS SET UP TO MEDIATE
PROBLEMS BETWEEN MARKET
ECONOMIES.
WE DON'T NEED TO GET OUT THE OF
WTO, WE NEED TO THROW CHINA OUT.
CHARLES: IT IS UNLIKELY IF IT
ONLY ONE 64%.
I WONDER WHY THEY WON 6%, ARE
THERE ARE A ZILLION COMPLAINTS
AGAINST THEM BY ALL THE
COUNTRIES IN THE WORLD.
OR THESE OTHER ECONOMIES.
IT IS CHINA'S ECONOMY THAT IS
COMING ON LIKE A JUGGERNAUT.
>> ABSOLUTELY.
THE REASON IT IS COMING ON
BECAUSE IT CHEATS ON THE RULES.
TRADE WAR WITH THEM AS WELL,
BASICALLY CLOBBER THE CHINESE ON
TRADE.
CUT A DEAL WITH THE CHINESE WE
MANAGE TRADE WITH CHINA.
BALANCED TRADE WITH CHINA.
THEIR ENGINEERS, PAYING THEM TO
PHOTOGRAPH PLANS, STEALING THEIR
INFORMATION AND SO FORTH.
CHINA IS RUN BY CROOKS AND
THIEVES.
IT IS MODERN DAY MAFIA, ELEVATED
TO THE LEVEL AFTER SOVEREIGN
STATE.
AND IT IS A TERRIBLE CANCER IN
MAYBE WE'VE, MAYBE WE'VE ELECTED
AN ELLIOT NESS TO FEIGN ALLEY
BRING THEM TO JUSTICE.
>> EXACTLY.
CHARLES: WE'LL SEE.
NEXT ONE, PETER, GERMANY
KNOW IT WILL REMAIN IN POWER,
SHE HAD TO AGREE TO TIGHTEN
BORDERS AND EASE THE FLOW OF
MIGRANTS INTO GERMANY.
SOME ARE ASKING AFTER
1.6 MILLION, IS IT TOO LITTLE,
TOO LATE?
>> 2% OF GERMAN POPULATION ARE
RECENT MIGRANTS, AS RECENT AS
2015 AND SOME GERMAN VILLAGES
ARE UNRECOGNIZABLE.
THESE FOLKS DON'T SPEAK GERMAN.
THEY CAN'T GET JOBS.
87 OF THE SYRIAN ASYLUM SEEKERS
OR 84% IS ON PUBLIC DOLE.
YET, HOW DO THEY REWARD THE
GERMAN PEOPLE?
THEY COMMIT 2% OF THE COMMITS
14% OF THE CRIMES.
WHAT THEY'RE GOING TO DO, WHAT
THEY HAVE AGREED, WHAT MERKEL
AGREED TO DO TO KEEP THE
COALITION TOGETHER IS AS PEOPLE
SO THEY CAN PROCESS THEM.
A LOT OF THESE ASYLUM SEEKERS
ARE NOT WORTHY OF ASYLUM.
THE EUROPEAN UNION IS LIKE
AMERICA.
THEY SLIP IN THE POPULATION.
DOESN'T NEED TO STOP THE FLOW.
IT HAS TO START REPATRIATING THE
FLOW.
CHARLES: THERE IS BIG DIFFERENCE
BETWEEN AUTHENTIC ASYLUM SEEKER,
LOOKING FOR ECONOMIC CHANGE.
>> A HANDOUT.
CHARLES: OPEN BORDERS AND
>> WE JUST ELECTED SOMEBODY WHO
WANTS, SHE WON THE PRIMARY IN
NEW YORK.
YOU WERE TALKING ABOUT.
ALEX -- ALEXANDRIA CORTEZ.
BASICALLY MODERN DAY SAUL
ALINSKY.
CHARLES: WHAT HAPPENED TO
PUERTO RICO, AS A RESULT OF
TERRIBLE MIGRATION POLICIES IS
ANOTHER STORY.
THIS IS SOMETHING TO USE AS
CAUTIONARY TALE.
I WANT TO TALK ABOUT YOUR PIECE.
YOU WROTE ONE FOR FOX NEWS,
ENTITLED TRUMP'S BIRTHDAY GIFT
TO AMERICA, A BOOMING ECONOMY.
FINALLY GOT IT OUT OF ME.
MAKE AMERICA GREAT AGAIN.
GEORGE BUSH COULDN'T DO IT.
BARACK OBAMA COULDN'T DO IT.
BARACK OBAMA HAD A GOAL TO MAKE
AMERICA LIKE FRANCE, 1% GROWTH,
12% UNEMPLOYMENT.
LOTS OF DESPAIR.
UNSAFE PARIS, THE WHOLE WORKS.
GUESS WHAT?
AMERICA IS BACK AGAIN.
PEOPLE ARE INVESTING WITH NEW
CONFIDENCE BECAUSE, LET'S FACE
IT, IF YOU DON'T MAKE BUSINESSES
SPEND ALL OF THEIR TIME FILLING
PRODUCTIVE WITH THAT MANPOWER
AND MONEY AND INVEST.
THAT IS EXACTLY WHAT THEY'RE
DOING, INVESTMENT IS UP.
YOU KNOW THIS ISN'T JUST A
OPPOSED TO CONSUMPTION, PRODUCT