ACROSS-THE-BOARD EXCEPT FOR
NASDAQ WHICH IS DOWN A LITTLE
LESS SO.
BIG HITS ON ALL THE INDEXES.
THE DAY BEFORE 2019, 2020
BEGINS.
ELIZABETH WARREN THE FIRST MAJOR
DEMOCRAT TO LAUNCH AN
EXPLORATORY PRESIDENTIAL
COMMITTEE.
SENATOR WARREN FOR BIGGER
GOVERNMENT, IS SHE GOING TO BE
THE PHASE OF THE DEMOCRAT PARTY.
GOP POLLSTER JOHN THOMAS, GOOD
TO SEE YOU BOTH.
I WATCHED THIS FOUR-MINUTE VIDEO
AND I WAS SURPRISED THERE WASN'T
ONE WORD ABOUT DONALD TRUMP IN
IT.
SHE WAS FOCUSING ON THE ISSUE.
SHE WAS FOCUSING ON THE ECONOMY.
DO YOU THINK THERE WILL STAY
THAT WAY OR DO YOU THINK YOU
WILL GET MORE PERSONAL?
>> IT'S ALREADY BEGUN.
PRETTY CRAZY TIMING FROM
ELIZABETH WARREN.
I THINK SHE WANTED TO GET AN
EARLY ONSET OF THE A NATIONAL
INFRASTRUCTURE AND TRY TO
RE-CORRECT OR SWORD OF
READERSHIP TO THE NARRATIVE THAT
HAS BEEN GOING AROUND, SWIRLING
AROUND SPECIFICALLY WHEN IT
COMES TO HER NATIVE AMERICAN
CLAIMS.
SHE CLAIMED TO BE NATIVE
AMERICAN.
IN A BOOK CALLED POWWOW CHILD
AND OF COURSE DONALD TRUMP PUT
HER IN THE NATIONAL CONVERSATION
REGARDING THAT ISSUE.
THEN OF COURSE HE RELEASED A DNA
TEST.
IT DIDN'T REALLY WORK IN HER
FAVOR.
I THINK SHE'S TRYING TO SHIFT
THE NARRATIVE THEN COME BACK AND
REESTABLISH THE PILLAR FOR THE
PROGRESSIVE LEFT.
DAVID: JOHN, MAYBE THAT'S A
BONUS, MAYBE A MINUS BECAUSE
WHEN YOU START ADDING UP
EVERYTHING SHE WANTS IN TERMS OF
BIG GOVERNMENT POLICIES FROM
UNIVERSAL INCOME, SHE'S A
PROPONENT OF THAT AT LEAST IN
ONE OF THE PLANS TO MEDICARE FOR
ALL.
SHE'S TALKING ABOUT BIG BUCKS
AIRED ALREADY $22 TRILLION IN
DEBT.
IS THAT A WEAKNESS QUARTER?
>> IS CERTAINLY A WEAKNESS IN
THE GENERAL ELECTION, BUT HEART
AND SOUL DOESN'T CARE IF THEY
TAX AND SPEND US INTO OBLIVION.
I THINK ELIZABETH WARREN'S
CHALLENGE HERE IS LET'S JUST
KEEP THIS IN PERSPECTIVE.
SHE ESSENTIALLY ANNOUNCED THE
EXPLORATORY COMMITTEE THAT SHE'S
RUNNING FOR PRESIDENT ON NEW
YEAR'S EVE.
A TERRIBLE DAY.
GENERALLY SPEAKING IN OUR
POLITICAL STRATEGY YOU WANT TO
WAIT AS LONG AS YOU CAN TO
ANNOUNCE BECAUSE THE SOONER YOU
POP YOUR HEAD UP, THE SOONER
PEOPLE START TAKING SHOTS AT
YOU.
THE REALITY WITH ELIZABETH
WARREN IS A YEAR AGO SHE WAS
NUMBER ONE IN THE POLLS.
SHE'S FALLEN SO FAR DOWN SHE'S
STUCK IN SECOND AND THIRD TIER
CANDIDATES.
SHE HAS TO RESURRECT HER
CAMPAIGN.
DAVID: LET ME ASK WHAT YOU SAID?
WHY IS THAT SHE SLIPPED SO FAR
FAST AND IF SHE HAS, WHY DID SHE
ANNOUNCE EARLY BECAUSE JOHN IS
RIGHT.
IT'S USUALLY THE EARLY COMERS
THE FIRST ONES TO DROP OUT.
>> I WANT TO PUSH BACK A LITTLE
BIT.
THE LAST TIME I HAD A BALANCED
BUDGET WAS UNDER A DEMOCRATIC
PRESIDENT.
DAVID: REPUBLICAN CONGRESS
YOU'RE RIGHT.
WHEN IT COMES TO ELIZABETH
WARREN, TAKING A LOT OF KEY
SUPPORTERS.
NATURALLY HE IS POLLING HIGHER
THAN SHE IS IN IOWA.
A POLL HAS HER BEHIND BERNIE,
BEHIND BETO AND BIDEN.
BEHIND ANOTHER PROGRESSIVE TO
SOME DEGREE SHERROD BROWN.
SO THERE IS A CROWDED FIELD OF
PROGRESSIVES IN THE DEMOCRATIC
PARTY AND THE NAME RECOGNITION
GOING BACK TO THE BACK TO THIS
YOU BACK TO THE FEW SHE HAVE A
TRUMP, THERE'S A LOT OF FATIGUE
WHEN IT COMES TO THE NICKNAMES,
WHEN IT COMES TO THE GUTTER
POLITICS, WHEN IT COMES TO THE
PIGS ROLLING AROUND WITH YOU AND
YOU KNOW IT THEY ROLL AROUND
WITH.
MORE OF THAT TO COME AND THERE'S
A LOT IN THAT WAY.
DAVID: LET'S FOCUS ON THE
PRESIDENT'S TROUBLE WITH THE
CURRENT ECONOMIC SITUATION.
THE ECONOMY IS STRONG BUT IF IT
DOES LOW DOWN SIGNIFICANTLY IN
2019 AND GOING INTO 2028, THE
PRESIDENT COULD NOT WIN IN
REELECTION.
THAT'S CLEAR WITH WHAT HAPPENED
WITH GEORGE BUSH.
HE NEEDS A STRONG ECONOMY IS ONE
OF THE PILLARS OF HIS CAMPAIGN.
I DO THINK IT'S STRONGER THAN
THE MARKET WOULD INDICATE NOW.
DOES THAT INCREASE THE
POSSIBILITY OF HIM BEFORE HIS
REELECTION KICKS INTO HIGH GEAR
MAKING A DEAL WITH CHINA.
THAT ALONE COULD GET THE MARKET
COOKING AGAIN.
>> IT WAS A GAMBLE FOR HIM TO DO
THIS.
TO DEAL WITH THE POLITICAL
CONFLICTS.
IF THE ECONOMY ROARS BACK, BUT
FURTHERMORE IT DEPENDS ON WHO
THE DEMOCRATS GET THROUGH THEIR
PRIMARY PROCESS TO NOMINATE.
SOMEONE LIKE ELIZABETH WARREN OR
BURN US -- BERNIE SANDERS THAT
SPECIFICALLY SAY THEY WANT TO
RAISE TAXES.
TRUMP NOW WITH THE DEMOCRATIC
CONGRESS HAS THE VILLAIN.
HE IS NANCY PELOSI.