>>> LET ME BE CLEAR.
IF WE WANT TO BEAT DONALD TRUMP
AND ACHIEVE BIG PROGRESSIVE
GOALS, SOCIALISM IS NOT THE
ANSWER.
I WAS RE-ELECT E
I WAS RE-ELECTED -- MEDICARE FOR
ALL MAY SOUND GOOD BUT IT'S
ACTUALLY NOT GOOD POLICY, NOR IS
IT GOOD POLITICS.
I'M TELLING YOU.
[ AUDIENCE MEMBERS BOOING ]
NEIL: WELL, THAT IS ONE WAY TO
STAND OUT AGAINST THE REST OF
YOUR PARTY.
JUST HAVE A MORE MODERATE
POSITION WHEN IT COMES TO
MEDICARE FOR ALL.
NOT A GOOD IDEA, YOU HEAR ONE
CANDIDATE SAY.
WHEN IT COMES TO JUST BIG
GOVERNMENT, MAYBE NOT ADVISABLE
WHEN IT COMES TO FEARS IT COULD
LEAD TO SOCIALISM.
FORMER OBAMA ECONOMIC COUNCIL
CHAIR AUSTAN GOOLSBEE ON THIS.
WE TALK ABOUT THE DEMOCRATIC
PARTY, WHERE THE HEART AND
PASSIONS LIE.
WITH THOSE RESPECTIVE CROWDS, I
THINK ONE IN CHICAGO, ONE IN
CALIFORNIA, IT RIDES WITH THE
PASSIONATE BASE THAT DOESN'T
LIKE MORE MODERATED POSITIONS.
WHAT DO YOU THINK?
>> I DON'T KNOW.
YOU KNOW I'M AN ECONOMICS
PROFESSOR, NOT A SOCIALIST, NOT
ADMIRED AT ALL BY THE BERNIE
FOLKS.
THE BERNIE FOLKS WERE IN HIGH
REPRESENTATION THERE AT THAT
CONVENTION SO, YOU KNOW, IF ANY
CANDIDATE GOT UP AND SAID
SOCIALISM'S NOT THE ANSWER, YOU
WOULD IMAGINE THOSE FOLKS ARE
GOING TO BOO HIM.
NEIL: I THINK YOU'RE RIGHT.
>> IT SEEMED LIKE HERE'S A VERY
MINOR CANDIDATE IN THE LAST POLL
I SAW, HICKENLOOPER WAS
LITERALLY AT 0% SO --
NEIL: DELANEY IS NOT DOING MUCH
BETTER.
BUT I WANT TO GET BACK --
>> HE WAS TRYING TO TROLL THE
AUDIENCE.
NEIL: MAYBE SO.
I'M WONDERING IF THOSE ARE NOT
CRAZY POSITIONS TO RAISE
CONCERNS ABOUT THE COST OF
MEDICARE FOR ALL OR SOCIALISM --
>> TAKE THE MEDICARE FOR ALL.
IF YOU DID IT THE BERNIE SANDERS
WAY, IT'S VERY EXPENSIVE.
THERE ARE OTHER WAYS TO DO IT
THAT THE CONGRESSIONAL BUDGET
OFFICE SAYS ACTUALLY SAVE MONEY
COMPARED TO WHERE THEY ARE NOW,
IF YOU OFFER A PUBLIC OPTION,
FOR EXAMPLE.
HICKENLOOPER WAS SAYING
SOMETHING FAR MORE INFLAMMATORY.
HE SEEMED TO BE SAYING WHEN HE
GAVE THIS SPEECH, WE CAN'T
AFFORD TO COVER EVERYBODY SO WE
SHOULD FORGET IT.
I DON'T THINK AMERICA AGREES
WITH THAT.
WHEN PUT AS THE LESS COSTLY,
MORE REASONABLE VERSION OF
MEDICARE FOR ALL HAS ABOUT 75%
SUPPORT OF THE AMERICAN PEOPLE,
INCLUDING THE MAJORITY OF
REPUBLICANS.
SO I THINK THIS ONE, IT WAS A
FUN SOUND BITE BUT I DON'T KNOW
THAT THAT NECESSARILY REPRESENTS
THE WHOLE PARTY.
NEIL: WELL, CLEARLY NOT.
I WOULD AGREE WITH THAT.
WHILE WE ARE SPEAKING HERE, WE
ARE GETTING SOME FLASHES FROM
ST. LOUIS FED PRESIDENT WHO I
GUESS IS TALKING IN CHICAGO, NOT
FAR FROM YOU, HE'S SAYING A
DOWNWARD POLICY RATE ADJUSTMENT
MAY BE WARRANTED SOON.
TARIFF PRICING AND TRADE IS
LIKELY TO CHILL GLOBAL
INVESTMENT, SLOW GLOBAL GROWTH
AND THAT WOULD BE PRESUMABLY THE
CATALYST FOR CUTTING RATES NOW.
WHAT DO YOU THINK OF THAT?
>> YOU KNOW, I WOULDN'T BE
SURPRISED IF DONALD TRUMP
CARRIES OUT THE INCREDIBLY
ILL-FOUNDED AND BAD IDEA OF
LAUNCHING FOUR OR FIVE SEPARATE
TRADE WARS SIMULTANEOUSLY.
THE ECONOMY WILL START DOING
WORSE.
IT WILL START PUSHING US TO THE
BRINK OF RECESSION AND IF WE
START GETTING CLOSE TO
RECESSION, I WOULDN'T BE
SURPRISED TO SEE THE FED START
CUTTING RATES.
NOW, I DON'T ACTUALLY THINK THAT
PRESIDENT TRUMP IS GOING TO DO
THAT.
I THINK THIS IS, I HOPE, ONE OF
THESE BLUF
THESE BLUSTER THINGS WHERE HE